Budapest-based VC Lead Ventures has launched a €100 million fund to support CEE startups in late seed and Series A rounds. This fund aims to help companies improve their product-market fit and expand into new markets.
- Founded in 2017 by Ábel Galácz, Lead Ventures is a venture capital firm that supports startups in mobility, energy, fintech, and other B2B software sectors. The firm's portfolio includes 20 startups and about 25 investments, with notable exits including AiMotive, a leader in autonomous vehicle technology and the largest exit in Hungary to date, and Amodo, an innovative insurance technology provider.
- Since its inception, Lead Ventures has partnered with prominent investors like Credo Ventures, Presto Ventures, and Point9 Capital, enhancing its capacity to offer substantial support and resources to portfolio companies.
“Our investment strategy focuses on sectors with significant growth potential and technological innovation. We are particularly interested in companies operating in the fields of mobility, finance, energy, IoT, sustainability, and retail. Our goal is to build a robust portfolio that delivers financial returns and also drives positive societal impact,” CEO of Lead Ventures, Balázs Haszonics, commented in a statement.
- The initial fund size features investments ranging from €2 million to €10 million. In addition to the capital, startups will benefit from Lead Ventures' extensive network of industry experts and strategic partners, providing essential guidance and resources to support their growth.
- The new fund was backed by MOL Group, a Hungarian petroleum refinery company, and NTH (National Capital Holding).
“We believe that the CEE region is rich in talent and innovation, making it a prime area for venture capital investment. Our new fund establishes a significant platform to support and develop these promising talents. Our committed team and extensive experience in business development and capital allocation will ensure we achieve our investment goals and foster transformative businesses,” CEO of Lead Ventures, Balázs Haszonics, stated in a press release.
