Demium Capital recently announced the launch of a new fund, approved by the CNMV, to invest in startups from Central European countries, in phase seeds Y pre-seeded, with a high technological and innovation component. The new investment vehicle, called Demium Central Europe Talent Fund I FCRE, aims to support talent in this European region and contribute to its economic development.
The company has experience in recruitment and investment of talent in countries such as Poland and Ukraine since 2019where they have their own project incubation hubs, and it already has a portfolio of 12 startups invested with its first fund, Think Bigger Fund I. For this reason, it is aware of the potential that exists in the territory and considers that this market can offer interesting investment opportunities.
“With our first fund, we already invested in European companies, but this new fund will be dedicated exclusively to promoting innovation in Central Europe. With it, we want to show our commitment to the economic development of countries such as Ukraine, Poland, the Czech Republic, Hungary or Romania, and we hope to offer our investors a higher than market return, taking advantage of our position and competitive advantage in the territory” , holds Mount DavisCEO of Demium.
The Demium Central Europe Talent Fund I FCRE was launched with a first closing in July, with a commitment of 2 million euros by Demium and the objective of reaching 7-9 million euros, with which to accelerate its impact in the area at a time when it is especially necessary. With this first closing, Demium Capital will increase its assets under management to a minimum of 62 million euros. Subsequently, a second closure is planned in September, with a target of 30-40 million euros.
«Our goal is to launch a pan-European fund in 2023 that continues our strategy of investing in regions across Europe with extraordinary talent, helping them realize their potential, and this fund that we are launching today will be part of that project.Davis adds.
