Polish OTB Ventures launches new €150M Fund II
Poland-founded venture capital fund OTB Ventures has announced the launch of a new €150 million OTB Fund II. It will make direct investment in early growth deeptech companies, developing innovative breakthroughs with R&D in Europe.
- Founded in 2017 by Adam Niewinski, Gregory Jankilevitsch, and Marcin Hejka, OTB Ventures is a leading venture capital firm in CEE. It invests in early growth, post product, high-tech startups with unique technologies. The recent investments include: TurnKey Lender, kevin., ICEYE, and SettleMint.
“We believe that deeptech is the new frontier of global competition where Europe can actually play a leading role. OTB Ventures will continue to play an active role in further strengthening the sustainable competitive edge of European deeptech ecosystem based on its large talent pool,”Adam Niewinski, General Partner at OTB, comments.
- OTB Fund II is supported by the Invest Europe program along with the European Investment Fund (EIF) to facilitate investments in Europe. The new fund will focus on the following sectors: enterprise AI automation, spacetech, fintech, cybersecurity, climatetech.
“We are thrilled to collaborate with the European Investment Fund (EIF). Europe’s deeptech sector is thriving and is increasingly being appreciated by investors. We are very excited to partner with the exceptional founders working in Europe early on in their entrepreneurial journey,”Marcin Hejka, GP at OTB, adds.