Czech fund Presto Ventures closes €30 million fund to invest in CEE, including Ukraine

Prague-based Presto Ventures has announced the close of its second fund at a magnificent €30 million. Making no bones about it, the princes of Praha are looking to make seed and pre-seed round investments in no less than 40 B2B startups hailing from the CEE region, including the Baltics, Balkans, and yes, Ukraine. Presto’s ticket size can range up to €3 million and say that they remain committed to follow-on rounds.

While funds of this size, heck any size, take a considerable amount of time to assemble, you might think that Presto Ventures founder Přemysl Rubeš had a read of David Gilgur’s op-ed earlier this month, as to what, where, when, and why VCs are needed in the region, as Presto is ticking just about every box.

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