Venture capital firm Soulmate Ventures based in the Czech Republic announces the launch of a new EUR 50 million fund, focusing on backing innovative startups committed to sustainable development.
Prague-based Venture Capital Firm Boosts Sustainable Innovation Support
Soulmates Ventures, a notable venture capital firm situated in Prague, has increased its dedication to sustainable innovation through the establishment of a €50 million fund. This fund will allow the company to invest up to €3 million in each start-up, with potential follow-on investments amounting to an additional €5 million to support long-term growth.
The fund, which operates under Article 9 of the European Union's Sustainable Finance Disclosure Regulation (SFDR), adheres to the highest standard for sustainable finance within the EU. The focused sector for this fund is sustainable innovation, with a strong emphasis on artificial intelligence (AI), healthtech, biotech, financial services, and SaaS. These sectors reflect broader pan-European venture tendencies.
Central and Eastern Europe (CEE) will be the primary target region for this fund, but the firm aims for a global reach, notably expanding portfolios into Canada through partnerships with the Toronto Business Development Centre (TBDC). This initiative aims to empower innovative entrepreneurs, providing the necessary support for their growth in international markets, particularly within North America and beyond.
The investment strategy embraces start-ups needing an initial investment of up to €3 million and subsequent follow-on funding reaching up to €5 million. With this approach, Soulmates Ventures aims to pave the way for visionary entrepreneurs, helping them rise to prominence on global platforms.
- Soulmates Ventures, in its commitment to sustainable innovation, has chosen to concentrate its investments on sectors that include environmental science, technology, and artificial intelligence, among others.
- The Prague-based venture capital firm, Soulmates Ventures, is planning to expand its investment reach beyond Central and Eastern Europe, hoping to partner with the Toronto Business Development Centre to support innovative start-ups in the fields of technology, healthtech, biotech, and SaaS, among others, with a global focus, including North America.
