TLDR:
- BrightCap Ventures launches a new 60 million euro fund to support tech companies in Southeastern Europe.
- The fund, BrightCap II, aims to invest in globally scalable and impactful tech companies in the future of work, digital health, and fintech verticals.
Article Summary
Bulgaria-based early-stage venture capital firm, BrightCap Ventures, has announced the completion of the first close of its new BrightCap II fund, which is targeting 60 million euros. The fund is specifically focusing on supporting founders from Rising Southeastern Europe (SEE) and aims to invest in tech companies that are globally scalable and impactful in the areas of digital health, fintech, and the future of work. The fund, funded by the European Union’s NextGenerationEU program, the Bulgarian government, and the Romanian government, will provide initial investment tickets ranging between 400,000 euros and 3 million euros for pre-seed and seed stages. BrightCap Ventures’ previous fund, Fund I, has already seen five exits to strategic acquirers out of its 22 investments, raising over $150 million in follow-on capital.
