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Polish VC firm Movens Capital launches €60 million fund to back CEE tech Founders from pre-Seed to Series A+
- Warsaw-based VC firm Movens Capital has launched a €60 million multi-stage Fund 2 to invest in Founders from Central and Eastern Europe at pre-Seed to Series A+ stages.
- The fund is supported by the EBRD, PFR Ventures, and over 80 startup Founders, tech operators, and entrepreneurs.
- Movens Capital aims to provide capital and operational support for CEE Founders looking to achieve global growth.
- The firm, founded in 2018, offers expertise in tech and machine learning, assisting portfolio companies with various aspects of scaling.
- Movens' portfolio includes companies like Alokai, Packhelp, SKY ENGINE AI, and Talkie.ai, which have received global VC funding and scaled internationally.
- Movens plans to address the funding gap in CEE by backing startups in sectors like enterprise software, AI, FinTech, and healthcare.
- Fund 2 will focus on making investments across various countries in the region, including Poland, Hungary, and Ukraine.
- Movens is actively investing from Fund 2 and expects to announce deals this summer, targeting sectors like AI infrastructure and climate resilience technologies.
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