Hungarian venture capital manager Day One Capital announced the launch of a fund worth at least HUF 400 million that invests mainly in technology companies.
The six-year, closed-end fund aims to invest in small developing companies in the IT, energy and telecommunications sectors, said partner György Simó.
Day One Capital is in talks with some 30 companies on investments between HUF 20 million and HUF 80 million.
Day One Capital’s chairman is Elek Straub, who headed Magyar Telekom for more than a decade. Its CEO is Csaba Kákosy, a former economy minister.
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