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ffVC Launches New Fund for Central European Startups
ff Venture Capital, a New York-based company that has invested in successful startups such as Socure and Cornerstone OnDemand, is launching a new fund to support Central European startups. The fund called ff Red & White has already raised €32 million with a final target of €60 million to be reached soon. It aims to provide Series A and late seed investment in startups that are addressing enterprise software, industrial tech, and sustainability transformation issues. The partnership with JBIC IG Partners, a Japanese investment advisory firm, has helped secure several Japanese multinational corporations and the Japan Bank for International Cooperation (JBIC).
Focus on Central European Startups
The ff Red & White fund is looking to identify and support startups in Central Europe that could leverage their expertise in dealing with supply chain management, energy shortages, inflation control, and reducing carbon emissions. Two Japanese partners from JBIC IG Partners will relocate to Warsaw to be part of the team searching for such startups.
Unexplored Market for Central European Startups
ffVC is launching this new fund to explore a previously unexplored market for Central European startups. The new fund has a portfolio of almost 20 European companies and aims to focus on startups from Germany, Austria, Poland, Czechia, Slovakia, Romania, and Hungary. ffVC has had over 90 global portfolios and more than 30 successful exits. JBIC IG Partners has identified Central European startups as ideal partners for Japanese multinationals, given similarity of their economic structures and the issues they are trying to solve.
New Connection between Europe and Japan
ffVC has a global presence on both sides of the Atlantic, and the new fund aims to build a stronger connection between Europe and Japan with its focus on Central European startups. The partnership with JBIC IG Partners provides an excellent opportunity to grant Japanese corporations access to cutting-edge European frontier enterprise technologies.
FAQs
When was ff Venture Capital founded?
ff Venture Capital was founded in New York in 2008.
What is the focus of the ff Red & White fund?
The ff Red & White fund’s focus is Series A and late seed investment for Central European startups in enterprise software, industrial tech, and sustainability transformation.
What is the target amount for the ff Red & White fund?
The target amount for the ff Red & White fund is €60 million.
What is the partnership between ffVC and JBIC IG Partners?
The partnership between ffVC and JBIC IG Partners provides an opportunity to secure Japanese multinational corporations and the Japan Bank for International Cooperation for funding Central European startups.
Which Central European countries does ffVC plan to focus on?
ffVC plans to focus on startups from Germany, Austria, Poland, Czechia, Slovakia, Romania, and Hungary.
How many portfolios does ffVC have?
ffVC has over 90 global portfolios and more than 30 successful exits.
What issues are Central European startups expected to tackle?
Central European startups are expected to tackle issues related to supply chain management, energy shortages, inflation control, and reducing carbon emissions.
Conclusion
The ff Red & White fund provides an opportunity for Central European startups to access funding from Japanese multinational corporations and the Japan Bank for International Cooperation. This new fund, with its focus on enterprise software, industrial tech, and sustainability transformation, aims to explore a previously unexplored market for Central European startups. With its portfolio of almost 20 European companies and its presence on both sides of the Atlantic, ffVC aims to build a stronger connection between Europe and Japan.
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