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New members join investor company PA

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jessica fejos

Five investors have joined the founding members of angel investor firm Power Angels (PA), almost doubling its registered capital, which is now nearing HUF 500 million, the company said yesterday, according to Hungarian news agency MTI.

(Photo: Jessica Fejos)

PA was established last November by five investors, among them former finance minister Péter Oszkó. Those joining them now are Robert Héjja, former partner at Argus Capital, and Szabolcs Botond, founder of several technological enterprises. 

PA has signed six investor agreements since its establishment and its outlays have reached HUF 225 million.

Oszkó said they are planning another capital raise by the end of the year and they wish to complete 20 investment projects by that time.

Power Angels targets startups which lack capital, are in their early stages of development, and, with their innovative ideas, hold a strong growth potential.

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