Prague-based venture capital firm Presto Ventures has launched a €150 million Presto Tech Horizons fund in collaboration with Czechoslovak Group (CSG), as Vestbee was told. The fund will support security and defence tech startups from NATO countries.
- Presto Tech Horizons Fund aims to bolster NATO-backed technological projects, particularly focusing on startups developing dual-use solutions that serve both civilian and security purposes.
- Investments will prioritize enhancing safety and privacy across sectors such as AI, cybersecurity, automation, robotics, defence, aerospace, mobility, energy, healthcare, advanced computing, and critical infrastructure management and protection.
- Currently, the fund is evaluating promising tech entrepreneurs and companies, with plans to announce portfolio investments in the fall. This initiative aims to support these ventures in achieving global-scale success and generating revenue.
“For young, technologically advanced companies, finding the right investor is often a challenge. By joining forces, Presto and CSG have created a unique partnership that is unmatched in Europe. Our fund brings together the best of tech investing, know-how in building global firms, and industrial-technological expertise,” Founder and managing partner of Presto Ventures, Premysl Rubes, stated in a press release.
About Presto Ventures
- Established in 2016 by Premysl Rubes, Presto Ventures is a venture capital firm that funds tech startups across the broader CEE region, supporting their development and global expansion. Its portfolio consists of 60 companies from 20 countries, including IP Fabric, Simpleway, and recent additions Elin.ai, Sharry, and Zerops.
About CSG
- CSG is a global industrial and technology group with over 100 companies from eight countries in aerospace and defence, manufacturing advanced defence and security systems. The group employs over 10,000 employees and invests in emerging tech companies like XR and drone operation systems.
