News
LAUNCHub Ventures Secures €65 Million for Fund III, Amplifying CEE Tech Investment
FundingOctober 14, 2026, 9:38 am
LAUNCHub Ventures closed its Fund III at €65 million, targeting €75M+. The firm bolsters early-stage tech in Central and Southeast Europe, committing €300k-€3M for pre-seed/seed rounds. It supports growth to Series A, building on a robust track record of exits and follow-on funding. New General Partners join leadership. Initial investments are already energizing AI and innovation across the region, reinforcing CEE's startup ecosystem.
LAUNCHub Ventures reached a significant milestone. The firm secured €65 million for its Fund III first close. This positions LAUNCHub to further drive innovation. The final target for Fund III stands at over €75 million. This capital empowers Central and Southeast Europe's tech landscape.
The new fund continues LAUNCHub's established strategy. It targets ambitious founders. Entrepreneurs from CEE and SEE are key. The diaspora building international companies also receives focus. This approach identifies high-growth potential.
Initial lead investments range from €300,000 to €3 million. These target pre-seed and seed stages. Fund III plans about 25 investments. This spans a five-year period. The firm aims for a concentrated portfolio. It prioritizes early-stage technology companies.
LAUNCHub also reserves capital for follow-on investments. It leads and co-leads financing rounds up to €7 million. This supports portfolio companies beyond initial funding. It helps them achieve product-market fit. Commercial expansion accelerates. Companies attract additional institutional capital.
The firm boasts a strong track record. Since 2012, it invested in nearly 100 companies. Its portfolio generated 18 exits. About 75% of its pre-seed and seed investments secured follow-on financing. Approximately 40% of those companies reached Series A. This validates LAUNCHub's early-stage focus. The firm aids businesses in advancing to larger institutional rounds.
LAUNCHub has managed over €100 million across two funds. Its combined portfolio raised more than €700 million. This follow-on funding came from top-tier investors. Firms like Founders Fund and Sequoia participated. Index Ventures and Insight Partners also joined. Kleiner Perkins supported various ventures. This underscores the portfolio's quality.
The investment focus spans key regional markets. Bulgaria, Romania, and Croatia are targeted. Greece, Hungary, and Slovenia are key. Serbia and the Western Balkans receive significant attention. Broader Central and Eastern Europe offers wider reach. This comprehensive approach covers emerging tech hubs.
Leadership at LAUNCHub is evolving. Raya Yunakova became a General Partner. Petar Tsachev also ascended to General Partner. Yunakova brings 15 years in technology and investment. She has founder experience. Tsachev joined five years ago. He excels in sales, business development, and operations. Their promotions mark a generational shift.
Todor Breshkov, Stanislav Sirakov, Rumen Iliev, and Irina Dimitrova remain General Partners. Their continued leadership provides stability. Lyuben Belov and Stephane Gantchev serve as venture partners. They also contribute to the advisory board. This blend of experience guides the firm.
LAUNCHub also expanded its team. Vedran Blagus joined as Associate Partner. He covers Croatia, Slovenia, and the Western Balkans from Zagreb. He brings a decade of regional investment experience. Nikoleta Popkostadinova became Head of Marketing. She offers twelve years in tech marketing and communications. These additions strengthen market reach and firm visibility.
Fund III has already begun deploying capital. It made impactful initial investments. Nanogram leads in AI social gaming. The platform enables users to create, play, and share video games. Text prompts generate games. No coding experience is needed. Nanogram operates from the United States. Its core product and engineering teams reside in Sofia.
Lenz offers another key investment. It builds an independent verification layer. This checks factual claims in AI-generated content. Lenz addresses AI hallucination challenges at scale. Its founders previously built Wiser Technology and FITE. Their expertise drives this critical innovation.
1club represents a third early investment. It delivers AI-native software. The solution serves the sports and activities industry. It integrates memberships, scheduling, payments. Marketing tools and mobile apps are included. Its founders, Miroslav Miroslavov and Martin Kirov, previously built OfficeRnD.
The firm's portfolio showcases other prominent companies. Ampeco powers EV charging networks. It operates in over 65 markets. FintechOS runs product engines for banks and insurers. It serves over 25 million customers. Colossyan builds AI video platforms. Fortune 500 learning teams utilize its technology. Giraffe360 processes over 1,000 properties daily. It uses robotic 3D capture technology.
LAUNCHub has a history of successful exits. SPLX was acquired by Zscaler in 2025. FITE found a home with Triller. OfficeRND transitioned to Blue Star. These exits demonstrate the firm's ability to identify and scale successful ventures.
The new fund draws backing from diverse sources. Leading international financial institutions provided commitments. These include the European Investment Fund. The European Bank for Reconstruction and Development also contributed. The International Finance Corporation is a key partner. Regional entrepreneurs, family offices, and exited portfolio founders also invested. Their conviction strengthens the CEE venture capital ecosystem.
LAUNCHub Ventures strengthens regional innovation. Its new fund provides critical early capital. It fosters growth for ambitious founders. The firm remains committed to Central and Southeast Europe's tech future. It sees immense potential. The next decade will bring more outliers from this vibrant region. LAUNCHub aims to find and fund them. This investment firmly roots the firm in the future of CEE tech.
LAUNCHub Ventures reached a significant milestone. The firm secured €65 million for its Fund III first close. This positions LAUNCHub to further drive innovation. The final target for Fund III stands at over €75 million. This capital empowers Central and Southeast Europe's tech landscape.
The new fund continues LAUNCHub's established strategy. It targets ambitious founders. Entrepreneurs from CEE and SEE are key. The diaspora building international companies also receives focus. This approach identifies high-growth potential.
Initial lead investments range from €300,000 to €3 million. These target pre-seed and seed stages. Fund III plans about 25 investments. This spans a five-year period. The firm aims for a concentrated portfolio. It prioritizes early-stage technology companies.
LAUNCHub also reserves capital for follow-on investments. It leads and co-leads financing rounds up to €7 million. This supports portfolio companies beyond initial funding. It helps them achieve product-market fit. Commercial expansion accelerates. Companies attract additional institutional capital.
The firm boasts a strong track record. Since 2012, it invested in nearly 100 companies. Its portfolio generated 18 exits. About 75% of its pre-seed and seed investments secured follow-on financing. Approximately 40% of those companies reached Series A. This validates LAUNCHub's early-stage focus. The firm aids businesses in advancing to larger institutional rounds.
LAUNCHub has managed over €100 million across two funds. Its combined portfolio raised more than €700 million. This follow-on funding came from top-tier investors. Firms like Founders Fund and Sequoia participated. Index Ventures and Insight Partners also joined. Kleiner Perkins supported various ventures. This underscores the portfolio's quality.
The investment focus spans key regional markets. Bulgaria, Romania, and Croatia are targeted. Greece, Hungary, and Slovenia are key. Serbia and the Western Balkans receive significant attention. Broader Central and Eastern Europe offers wider reach. This comprehensive approach covers emerging tech hubs.
Leadership at LAUNCHub is evolving. Raya Yunakova became a General Partner. Petar Tsachev also ascended to General Partner. Yunakova brings 15 years in technology and investment. She has founder experience. Tsachev joined five years ago. He excels in sales, business development, and operations. Their promotions mark a generational shift.
Todor Breshkov, Stanislav Sirakov, Rumen Iliev, and Irina Dimitrova remain General Partners. Their continued leadership provides stability. Lyuben Belov and Stephane Gantchev serve as venture partners. They also contribute to the advisory board. This blend of experience guides the firm.
LAUNCHub also expanded its team. Vedran Blagus joined as Associate Partner. He covers Croatia, Slovenia, and the Western Balkans from Zagreb. He brings a decade of regional investment experience. Nikoleta Popkostadinova became Head of Marketing. She offers twelve years in tech marketing and communications. These additions strengthen market reach and firm visibility.
Fund III has already begun deploying capital. It made impactful initial investments. Nanogram leads in AI social gaming. The platform enables users to create, play, and share video games. Text prompts generate games. No coding experience is needed. Nanogram operates from the United States. Its core product and engineering teams reside in Sofia.
Lenz offers another key investment. It builds an independent verification layer. This checks factual claims in AI-generated content. Lenz addresses AI hallucination challenges at scale. Its founders previously built Wiser Technology and FITE. Their expertise drives this critical innovation.
1club represents a third early investment. It delivers AI-native software. The solution serves the sports and activities industry. It integrates memberships, scheduling, payments. Marketing tools and mobile apps are included. Its founders, Miroslav Miroslavov and Martin Kirov, previously built OfficeRnD.
The firm's portfolio showcases other prominent companies. Ampeco powers EV charging networks. It operates in over 65 markets. FintechOS runs product engines for banks and insurers. It serves over 25 million customers. Colossyan builds AI video platforms. Fortune 500 learning teams utilize its technology. Giraffe360 processes over 1,000 properties daily. It uses robotic 3D capture technology.
LAUNCHub has a history of successful exits. SPLX was acquired by Zscaler in 2025. FITE found a home with Triller. OfficeRND transitioned to Blue Star. These exits demonstrate the firm's ability to identify and scale successful ventures.
The new fund draws backing from diverse sources. Leading international financial institutions provided commitments. These include the European Investment Fund. The European Bank for Reconstruction and Development also contributed. The International Finance Corporation is a key partner. Regional entrepreneurs, family offices, and exited portfolio founders also invested. Their conviction strengthens the CEE venture capital ecosystem.
LAUNCHub Ventures strengthens regional innovation. Its new fund provides critical early capital. It fosters growth for ambitious founders. The firm remains committed to Central and Southeast Europe's tech future. It sees immense potential. The next decade will bring more outliers from this vibrant region. LAUNCHub aims to find and fund them. This investment firmly roots the firm in the future of CEE tech.