Czech DEPO Ventures opens €20M angel fund for early-stage startups from the CEE

Prague-based venture capital firm DEPO Ventures announced the launch of its third angel fund. The new fund is aiming €20 million and is currently looking for investors, who can help startup founders further their development.

• Established in 2016 by Michal Ciffra and Petr Sima, DEPO Ventures investment group manages angel funds and an international syndicate of private investors called DEPO Angels. Currently, it is one of the most active investors in the Czech Republic with 27 portfolio startup companies from the CEE and the Baltics.
• The third angel fund focuses on investing in early-stage startups that develops projects in the areas of artificial intelligence and blockchain applications, financial technologies, and tech marketplaces.
• DEPO Ventures says it wants to attract not only qualified private investors but also institutional and family offices from Central and Eastern Europe to the third angel fund.
• The aim of the new angel fund is to support talented tech founders from Central and Eastern Europe focused on developing tech and business models that innovative solve societal or business problems while having global growth potential.