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LAUNCHub Ventures heading towards a $85M fund for South Eastern European startups LAUNCHub Ventures, an early-stage European VC which concentrates mainly on Central Eastern (CEE) and South-Eastern Europe (SEE), has completed the first closing of its new fund at €44 million ($53.5 million), with an aspiration to reach a target size of €70 million. A final close is expected by Q2 2021. Its principal backer is the European Investment Fund, corporates and a number of Bulgarian tech founders and investors. With this new fund, LAUNCHub aims to invest in 25 startups in the next four years. The initial investment range will be between €500,000 and €2 million in verticals such as B2B SaaS, fintech, proptech, big data, AI, marketplaces and digital health. The fund will also actively invest in the Web 3.0 / Blockchain space, as it has done so since 2014.

United kingdomCzech republicCity ofTodor breshkovMirela yordanovaIrina dimitrovaSouth eastern europeStefan grantchevRaya yunakovaDigital healthOffice rnEuropean investment fundCentral easternBig dataStartups campusEastern europe