The Springtide Ventures venture capital fund plans to assist 15 to 20 companies from Central Europe and Israel in entering the highly development markets in the United States and the European Union. At the same time, the firm intends to invest 40-60 million euros into selected companies in the next three years to become one of the most important venture capital funds in Central Europe.
"Our mission is to help courageous entrepreneurs build leading businesses with a high growth potential. We believe that our investments facilitate the creation of lasting values. Our strategy is based on forging close partnerships with the entrepreneurs we support, their business partners, and our co-investors. The individual investment ventures we are planning will be worth between one and five million euros," explained Springtide Ventures Executive Director Marek Jablonský. Typically, Springtide Ventures supports startup firms in the first and second years of their development and assists them in entering the target markets. At the same time, the company helps finding renowned investors in the EU and in the U.S. for subsequent investment rounds, in which Springtide Ventures takes part as well.
Springtide Ventures concentrates focus on companies with global ambitions whose products and services are based on or closely related to information technologies (IT), particularly in such areas as digital marketing, geo-information systems, online gaming, IT security, and big data. "We build on our inherent advantages, which includes the size and resources of the KKCG Group, a position in the heart of Europe, IT expertise, and extensive experience with effective management and market entry strategies," explained Michal Tománek, KKCG's Investment Director who is responsible for Springtide Ventures in the framework of the group. Springtide Ventures is a member of one of the strongest investment groups in Central Europe – KKCG, a.s.
Companies that have received support from Springtide Ventures thus far include Cleerio, Geewa, Cloud4com, and NejŘemeslníci.cz. Preparations are under way for additional investment projects that will be launched in the forthcoming months.