Catalyst Romania, supported by 3TS Capital Partners, exceeded the initial target of EUR40 million.
Catalyst Romania Fund II was established with the support of the European Investment Fund (EIF), as anchor investor, in order to capital in JEREMIE Romania Reflows and the EU’s InnovFin program and from the LP contributions of many other investors. The second Catalyst fund is the first second generation venture fund in Romania’s history.
Catalyst Romania Fund II was preceded by Catalyst Romania Fund I, a fund advised by 3TS Capital Partners and funded through the JEREMIE Romania initiative. With a total capitalization of EUR15 million, Catalyst Romania Fund I has invested over the last years in ten Romanian technology companies, among which Elefant.ro, Vola.ro, Vector Watch (acquired by FitBit), SmartBill (acquired by Visma) and GreenHorse Games (acquired by Tencent). Catalyst Romania Fund II will continue to focus on innovative technology companies, with products already launched, run by experienced entrepreneurial management teams.
The fund will carry out investments ranging between EUR1 and EUR3 million in technology companies in Romania and Southeast Europe to support growth objectives and global expansion. Catalyst Romania Fund II has already invested in two companies. The first investment, Seedblink, a next generation crowdinvesting platform and the second investment, Code of Talent, is a top micro-learning solution for staff training.