- Da Vinci Capital is a new venture capital fund announced it will invest over €277 million in high growth technology companies
Da Vinci Capital is a new venture capital fund that announced it will invest over €277 million in high growth technology companies, according to EU-Startups.
“We are among the most active institutional investors in the global emerging markets technology space, and feel excited to anchor Da Vinci’s Emerging Technologies Fund. Countries such as Ukraine, Belarus, and Kazakhstan have deep, competitive and sophisticated IT engineering pools, displaying superior R&D excellence. The fund will tap emerging geographies which stand out as a hotbed for domestic and cross-border technology growth companies, requiring investment capital and technical expertise to expand their businesses and create quality jobs at home. This flagship fund of Da Vinci Capital is designed to identify the next generation of digital economy companies in the region, and to take them to the next level,” said Dr. Tilman Kruse, Director of Corporates & Funds for Europe, Middle East, and Central Asia at DEG.
Launched in 2008, Da Vinci Capital is adding value to its portfolio companies by partnering with founders for improving corporate governance, financial performance, M&A deals, capital structure, and environmental and social policies. And Da Vinci Capital has been seeded by DEG — a German development finance institution acting as an anchor investor in this new fund with an initial investment of €30 million.
“We look forward to working closely with DEG and other investors from both the public and private sectors to launch and manage a successful fund and turbocharge economic development in the region,” added Da Vinci managing partner Dennis Fulling.
