Prague 11/07/2024: Investiční Venture Club sends 35 million crowns to the Tensor Ventures fund. The fast-growing deep tech segment has been inaccessible to most investors until now.
Venture Club Members | photo: Venture Club
It focuses on investments in so-called deep tech areas, i.e. artificial intelligence, quantum technologies, biotechnology, software 2.0 or space technologies. He was also recently selected as the manager of the first venture capital co-investment fund financed by the National Recovery Plan of the Czech Republic, which aims at a total size of 1.25 billion crowns. Now 35 million crowns are going to the specialized Czech-Luxembourgish deep tech fund Tensor Ventures, from the investment and social club Venture Club.
Thanks to this investment, club members get the opportunity to invest in the fast-growing deep tech segment, which was said to be inaccessible to most investors until now.”During the past years, Tensors managed to enter unique deep tech startups around the world, just as they managed to sell their shares in Ultimate Suite or Neuronix AI companies to multinational giants listed on American stock exchanges,” describes Venture Club head Petr Šedivý, who recently told Hrotu gave an interview. It will be available to read on our website soon.
“Quantum technologies, biotechnology or, for example, space technologies are areas where an investor can get lost very quickly without an experienced and trustworthy partner. We are therefore happy that this fast-growing, but so far closed world has opened up to our members as well,” adds Šedivý, adding that his club originally intended to send 25 million crowns, but in the end increased the amount.”This is an investment opportunity that does not repeat itself, so we did not hesitate. In addition, Tensor and I understand each other humanly, and this is a very important indicator for us.”
Venture Club unites 280 members in an online investment platform. The group focuses on searching, organizing, co-managing investments or social and educational activities. Since 2016, investments in the amount of over 600 million crowns have passed through it, of which in 2023 it was over 80 million crowns. The invested projects include, from those already sold, for example general health insurance for dogs and cats PetExpert and the development project for the construction of 108 apartments Klíčanka, from ongoing investments a project for influencers and brands LaFluence or the car manufacturer Zebra.
The portfolio of Tensor Ventures currently consists of more than 20 startups from Europe, Israel and the USA. The fund has already supported companies such as Tatum, Pointee, Aireen or UltimateSuite. The latter was recently bought by the American company ServiceNow. In April, another startup Neuronix AI exited – it was taken over by the American chip manufacturer Microchip Technology.
The Tensor Ventures Co-investment Fund will focus on financing digital startups in the earliest stage, i.e. in the so-called pre-seed. It will also co-invest in them with other venture capital funds on the Czech market. “We will mainly be interested in startups that deal with artificial intelligence, quantum technologies, cybersecurity, developer tools or digital biotechnologies,” Tensor Ventures general partner Roman Smola said recently.
The article was published by HROT24, authored by Filip Magalhães. Czech Crunch also “printed” the short message.