LAUNCHub Ventures, a Sofia, Bulgaria-based seed stage venture capital firm, closed its second fund, at €18m.
Founded in 2012, LAUNCHub has already managed its first fund of €9M, which invested up to €200k in the pre-seed rounds of 62 startups which have raised more than €20M in follow-up funding.
The second fund, led by Managing Partner Lyuben Belov, and partners Stephane Gantchev, Partner, Rumen Iliev, Partner, Stanislav Sirakov, and Todor Breshkov, focuses on investing in early stage startups in Bulgaria and the wider Southeastern Europe region.
Operations will now range €300K to €700K, expandable up to €2M per company.
FinSMEs
14/12/2016