Prague-based VC Tensor Ventures has secured €1.3 million (CZK 30 million) from Venture Club to support deeptech startups in Luxembourg and the Czech Republic.
- Founded in 2018 by Martin Drdul, Roman Smola, and Petr Ulvr, Tensor Ventures is an investment management firm that focuses on seed and Series A rounds. It prefers to support startups in AI, IoT, blockchain, biotech, and quantum computing sectors across the CEE and the UK.
- Tensor Ventures' portfolio includes 20 startups such as Unico.AI, Passengera, Pointee, SolveMed, Heart Beat.Bio, and Stacktape.
- In May, Tensor Ventures received €20 million from the National Recovery Plan of the Czech Republic through the EIF. Targeting €50 million, it aims to invest in 50 digital start-ups over five years, focusing on pre-seed projects.
- This time, the funds came from Venture Club, a digital investment platform uniting approximately 280 angel investors, facilitating research, coordination, and co-management of investments, as well as supporting social and educational initiatives.
“This partnership unlocks new dimensions for Venture Club members to explore the fascinating world of deeptech with us. Let's build the tech of tomorrow, today. Onward and upward,” Tensor Ventures’ team, commented on LinkedIn.
- The investment from Venture Club will enable Tensor Ventures to support startups in specialized deeptech areas such as AI, quantum technologies, biotechnology, software 2.0, and space technologies.
