Czech Credo Ventures closes its fourth fund of €75M

The ​​Prague-based venture capital company Credo Ventures has closed its €75 million fourth fund to scale up its operations in Central and Eastern Europe, Sifted.eu reports.

• Established in 2011 by Jan Habermann and Ondrej Bartos, Credo Ventures is an early-stage industry agnostic and founder-centric VC. Currently, it is one of the most active Czech investors, with 76 portfolio startup companies from the CEE, including two unicorns — UiPath and Productboard.
• Credo typically invests from €100,000 to €5 million in pre-seed to Series A tech companies in the CEE or launched by founders from the region.

“We strive to be a go-to investor for the most ambitious founders from the region building global technology companies regardless of the market, product or business model,”

Maciej Gnutek, one of the company’s new partners, emphasizes.

• Credo Ventures also welcomed new partners on the board and one of them is based in Poland. As Sifted.eu informs, that means the fund is going to intensify its activity in Poland. To date, it has already invested in over 10 Polish companies, including The Village and Mindgram.