TLDR:
– Presto Ventures and CSG launch Presto Tech Horizons, a €150M fund for security and defence tech investments.
– The fund aims to invest in projects from NATO countries targeting sectors like AI, cybersecurity, automation, and more.
Article Summary:
Prague-based VC firm Presto Ventures and Czechoslovak Group (CSG) have launched Presto Tech Horizons, a €150M fund focusing on innovative security and defence tech companies. The fund aims to invest in promising technological projects from NATO countries and allied nations, targeting dual-use solutions for civilian and security purposes in sectors like AI, cybersecurity, and robotics. Michal Strnad, Chairman of CSG, highlights the importance of developing industrial products for defense and security segments.
Presto Tech Horizons plans to announce its first portfolio investments in the fall. The fund aims to support tech entrepreneurs with global ambitions, providing sector-specific expertise and strategic connections. CSG, as the industrial partner, is one of the fund’s investors.
Presto Ventures, established in 2016, invests in fast-growing tech companies and has a portfolio of over 60 companies from 20 countries. CSG, a global industrial and technology group, operates in Aerospace & Defense across multiple segments, focusing on innovation and product development.
