WARSAW, June 17 2024 – Radix Ventures is pleased to announce the first closing of its fund at €41 million, with significant backing from the European Investment Fund (EIF) and PFR Ventures and a group of private investors from the CEE region. This milestone marks a significant step towards our goal of raising a total of €60 million to invest in late-seed, deep tech startups based in Central and Eastern Europe (CEE).

Radix Ventures is uniquely positioned to leverage the exceptional talent and innovative potential of the CEE region. With over 20 years of combined experience in venture investments and a strong track record in commercializing deep tech innovations, its team is dedicated to empowering radical innovations that drive sustainability and technological advancement.

“Our vision is to become the VC fund of choice for CEE-based deep tech entrepreneurs. This first closing, supported by EIF and PFR Ventures, underscores the confidence in our strategy and our ability to identify and nurture groundbreaking technologies,” said Paweł Bochniarz, Managing Partner at Radix Ventures. “We are committed to sourcing, selecting, and supporting the most promising deep tech startups to help them scale and succeed on a global stage.”

Serhii Sokolenko, a Venture Partner at Radix Ventures, added: “Ukrainian entrepreneurs located across Europe and in Ukraine and working in deeptech and dual use technologies can also benefit from Radix Ventures’ strong connections to manufacturing and research bases in Poland and the rest of CEE.”   

Radix Ventures’ investment strategy focuses on high-quality, proprietary deal flow and building a strong pipeline of projects that will mature over the fund’s lifetime. The founders of Radix Ventures are trusted advisors of major universities and research institutes in the region and have founded some of the top accelerators and incubators.

The support from EIF and PFR Ventures is a testament to the robust investment thesis of Radix Ventures, which capitalizes on the CEE region’s highly educated workforce, capital efficiency, and significant VC funding gap. Detailed information about our strategy is available at radix-vc.com.

About Radix Ventures

Radix Ventures is a venture capital fund dedicated to investing in late-seed, deep tech startups in Central and Eastern Europe. Our mission is to empower radical innovations that drive sustainability and technological progress. For more information, visit radix-vc.com.

About the European Investment Fund

The European Investment Fund (EIF) is part of the European Investment Bank Group. Its central mission is to support Europe’s micro, small, and medium-sized businesses by helping them to access finance.

About PFR Ventures

PFR Ventures is a group of investment funds that provides financing for innovative companies at different stages of development. It is part of the Polish Development Fund Group (PFR).

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