Venture capital funds in Hungary invest HUF 2.6 bln in Q2
Hungarian venture capital funds invested HUF 2.6 bln in the second quarter, 43% less than in the first quarter, the Hungarian Venture Capital Association (HVCA) said in a report yesterday.
Venture capital funds closed 17 transactions in Q2, compared to 26 in Q1. They also made six exits as opposed to the two in the first quarter.
Transactions varied in size in the second quarter with the average being HUF 150 mln and the largest HUF 568 mln.
Startups received 57% of funds, while 27% of venture capital went to companies which have received investments in the past.
Out of the ten venture capital funds examined, the top three were responsible for 73% of transactions.
Almost half of invested funds went to companies in the life sciences sector, 17% to business dealing with industrial products and 15% to business in industrial services.
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