The LAUNCHub seed fund has launched a dedicated application call for financing of early stage digital startup companies. Earlier in January the 9 million Euro SEE seed fund announced its latest investments following the selection process in the end of 2013 adding Slovenia and Ukraine on the map together with previous investments in the Digital Tech Sector in Bulgaria, Romania, Croatia, Macedonia and Greece.
This dedicated application run is aimed at companies targeting larger amounts of financing up to 200 K Euro and that have a completed product with some initial traction. The LAUNCHub team expects to meet cohesive and committed teams with a good understanding of the markets and consumers they are addressing. Startups are encouraged to present relevant feedback and metrics on their products and services or previous experience with accelerator programmes or in raising angel money.
Since its establishment in 2012 the LAUNCHub seed fund has invested approximately 3 million Euro in 35 teams for the SEE region and has also proved to be an engaged partner offering its investees continuous support in many ways, including follow-on investments, Series A rounds, access to a significant network consisting of experts, tech vendors, successful entrepreneurs and investors, not only in SEE the region but London and Berlin as well.
All committed teams from South-East Europe (SEE) developing future disruptive technologies in the Digital Tech Sector are encouraged to apply here. The application deadline ends February 23, 2014.
The culmination of the LAUNCHub funding selection will be the four-day Long-Weekend Event in the end of March in Sofia, where shortlisted teams will receive several days of coaching and mentoring and will have the chance to pitch their ideas and get approved for seed investment. The successful applicants will receive funding of up to 200K Euro in exchange of equity.
Since 2012, LAUNCHub has invested approximately 3 million Euro in 35 companies from 7 countries in the SEE region, the newest being Greece, Slovenia and Ukraine. The fund’s strength and expertise lies within the Digital tech sector, investments being primarily in consumer internet, e-commerce, mobile, digital media, cloud infrastructure, enterprise software, as well as educational technology and health technology.