Get our rare newsletters
Contact GoalEuropeIf you have questions or need a consultation, get in touch.
Good news came in for all those few CEE startups that have raised Series A funding and might need more in the coming years 3TS Capital Partners has just raised a new 103 million Euro fund focusing on Series B and later stage transactions. The fund targets 120 million Euros for the final close.
The new fund will be invested in up to five CEE businesses ready for expansion. The size of the deal will range between 2 and 10 million Euros. The fund’s focus is in tech, Internet, media, technology-enabled service and communications. 3TS Capital Partners have presence in Hungary, Romania, Czech Republic,Poland, Austria and Turkey.
3TS Capital Partners have seen some major successes in CEE startup scene. One of its former portfolio companies Hungarian LogMeIn has floated on NASDAQ in 2009 and generated over 9 times return on 3TS investment. Other more recent success story is the exit from the electronic software distributor Romanian Avangate in September this year. Avangate was founded by the serial Romanian entrepreneur Radu Georgescu and the 3TS stake was sold to US venture capital firm Francisco Partners.
One of its current portfolio companies is Slovak aggregated paywall business Piano Media we covered a few times already.
+44 (020) 3290 3544
vita at goaleurope dot com