ff Red & White is a new €60M fund to connect Central Europe with Japan and US
US and Poland-based international firm ff Venture Capital has announced the launch of ff Red & White. It is a new €60 million fund to support Central European startups during late seed and Series A stages with funding from the US and Japanese investors, the firm shared in the press release.
- Founded in New York in 2008, ffVC has created a global portfolio of more than 90 companies that has generated over $15 billion of enterprise value to date. In 2020, ffVC launched its first CEE-focused fund, having already invested in 20 European companies. And in 2022, it launched a $30 million Ukraine-focused fund.
- The second European fund is aimed at startups seeking Series A and late seed investments. It focuses on the industries of digital transformation, resource optimisation, and sustainable transformation.
- The new fund is a global initiative with JBIC IG Partners, a Japanese investment advisory firm, with participation from Japanese multinational corporations pursuing innovative enterprise solutions from Central Europe.
“This fund will open up a previously unexplored market for Central European startups, and grants Japanese corporations access to cutting-edge European frontier enterprise technologies. We believe there is a unique opportunity for startups aggressively tackling pressing challenges in both regions – ageing populations, changes in global trade and its impact on manufacturing economies, as well as energy dependence,”Maciej Skarul, partner at ffVC, says.
- The fund will focus on startups from seven Central European countries: Germany, Austria, Poland, Czechia, Slovakia, Romania, and Hungary.