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Credo holds second closing of Czech-focused venture fund

25 Jul 2011

Credo Ventures has held a second closing of its Credo Stage 1 fund, which focuses on early stage companies in the internet, IT and healthcare sectors in the Czech Republic and Slovakia.

Credo is targeting €20m for the final close of the fund and currently has nearly €17.5m under management.

The Prague-based firm has also announced its partnership with Benson Oak Capital, the Czech buy-out and growth equity investment firm.

Last week the firm led an investment round to fund up-and-coming European tech company Beepl, a platform which helps users seek opinions and product recommendations from subject specialists.

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