KKCG to invest EUR 40-60 mil into start-Ups across Central Europe and Israel over the next 2-3 years
KKCG group is to invest 40 to 60 million EUR into technological startups through Springtide Ventures fund. Its CEO, Marek Jablonský, says the fund will invest into 15 to 20 copmanies in Central Europe and Israel region over the next 2-3 years. Springtide Ventures focuse on companies with global ambitions. Its goal is to help them penetrate advanced markets in Europe and USA. Jablonský said: „Our mission is to help courageous enterpreneurs build outstanding companies with individual investments typically ranging between one and five million euros.“ Springtide actively supports enterpreneurs in building their companies over the initial 1-2 years and helps them enter their target markets. The fund also helps attract reputable investors in USA and Europe to follow-up financing rounds while being ready to participate along them.
Springtide focuse on startups active in the areas of digital marketing, geoinformation systems, on-line games, big data and IT security. Their latest investment of several million euros was into Cleerio, a Czech company that creates map-based information systems. The fund previously also invested in an on-line game developer Geewa, virtual data center provider Cloud4com or an on-line portal for finding and engaging trustworthy craftsmen NejRemeslnici.cz. Springtide is currently searching for a strategic partner and/or investor for NejRemeslnici.cz. KKCG acquired majority in the portal three years ago, i.e. before Springtide Ventures fund was established. Springtide Ventures is part of KKCG Group, an international investment group with assets under management of over EUR 1.6 billion and more than 2,500 employees. KKCG holds shares in more than 25 Czech and foreign corporations, including MND Group, SAZKA or CK FISHER.