OTB Ventures launches CEE’s largest venture capital fund

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OTB Ventures has raised $100m to launch what it claims is the largest venture capital fund in Central and Eastern Europe.

The fund secured commitments from institutional investors including the European Investment Bank and high-net-worth backers including Polish investor Greg Jankilevitch.

OTB said it would use the fund to invest in 16 early stage, post-product, start-ups across the cybersecurity, big data and AI, Fintech, IoT and robotics sectors, as well as cloud and SaaS subsectors.

The firm is planning to invest up to $15m per company, typically buying a 10 to 15 per cent stake.

OTB has already tapped the new fund to invest in eight companies including Cosmose, SpaceKnow, Silent Eight, Minit, BabbleLabs and Segron.

In May 2018, OTB invested $10m into novel micro satellite developer ICEYE, representing its largest investment to date.

More recently the VC firm backed digital platform FintechOS with a $5m investment in November last year.

OTB founder and manging partner Adam Niewiński said, “We are grateful for this backing from new and existing investors who share our vision to develop the start-up ecosystem in Central and Eastern Europe. Our deep market knowledge and investment experience proved to be central to the successful international expansion of our portfolio companies.

“As the largest VC fund in the region investing in post-product and revenue-generating technology companies, we are excited to be able to support more entrepreneurs with investment and guidance on their journey towards building successful and sustainable businesses for the long-term.”

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