UNIQA Ventures doubles investment capital to back CEE startups
Vienna-based UNIQA Ventures, the venture capital company of Austrian insurance group UNIQA, said that it is doubling its investment volume to EUR 150 million from 75 million to actively support European startups in the Series A phase and beyond with growth capital.
Around half of the investment volume will be invested in startups based in Western Europe and Central and Eastern Europe (CEE), UNIQA Ventures said last week quoted by news portal SeeNews.
"Startups in the CEE region that have a scalable business model, as well as, great exit potential and whose capital requirement is over EUR 500,000 are on the radar of the UNIQA Ventures team, which now has seven people. The investment focus here is clearly on the sectors fintech, insurtech, and digital health, which are also relevant for UNIQA," the company said.
UNIQA Ventures also said that the average investment volume is usually in the range of EUR 500,000 to EUR 5 million and is primarily for promisin g companies in the early growth phase with a proven product-market fit and already existing, relevant sales made available.
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