Prague-based Rockaway Ventures, the investment fund of Rockaway Capital, raised €55 million for its second fund, Rockaway Ventures II, to support early-stage startups in Central and Eastern Europe (CEE) and other emerging markets.
The fund focuses on early-stage investments, particularly in sectors like energy, defense, and dual-use technologies, aiming to provide support throughout startups' growth journeys.
Rockaway Ventures, established in 2014, invests mainly in areas of expertise within the Rockaway Capital group, including retail, e-commerce, cybersecurity, defense, CleanTech, and PropTech.
The current fund plans to expand its portfolio by investing 60% in CEE companies and 40% in Western Europe and diaspora-led startups from Czechia, with notable investments including Apaleo, CulturePulse, and Gjirafa.