Presto Ventures, a VC fund investing in early-stage B2B startups from Central and Eastern Europe (CEE), has announced the final close of its €30 million Fund II.
The new fund will invest in up to forty B2B tech startups at seed and pre-seed stages in the CEE region, supporting them with fast access to capital, fast business development, and fast growth. Presto has already invested in startups such as Cloudtalk, IP Fabric, Yieldigo, Sharry and Wolf3D.
Presto Ventures has also announced the appointment of three new partners: Roman Nováček, a CFA charterholder and ex-analyst at US private equity firm GTE; Vojta Roček, who founded and sold business intelligence startup Stories.bi to Workday; and Eduard Kučera, who built and managed the Business Intelligence department of cybersecurity giant Avast.
A number of globally renowned investors have joined Presto in its portfolio investments, including Y Combinator, Taavet+Sten, Point Nine Capital, Credo Ventures, Inven Capital, HenQ, KAYA, Senovo, Konvoy Ventures, and Startup Wise Guys. The fund is backed entirely by private investors, including family offices and a number of successful entrepreneurs and exited founders committed to expediting business connections and additional capital in follow-on rounds.
