Purple Ventures 40 million Euro fund has launched. The first investments are aimed at smart energy and HR software.

Purple Ventures 2, a venture capital fund aiming to invest 40 million EUR in early-stage startups over the next four years, is making its first investments. The fund, backed by the Purple group founders David Kašper, Jakub Nytra, and Filip Řehoř, was launched in May. The first trio of invested companies in the fields of smart energy, cloud HR systems, and hybrid event management received a total of 1.9 million EUR from the fund.

Presto Ventures teams up with Michal Strnad’s CSG to invest €150 million in frontier technologies and security innovations

Venture capital firm Presto Ventures and Michal Strnad’s industrial and technology group Czechoslovak Group (CSG) have launched an investment fund Presto Tech Horizons. Together, they will invest in innovative companies in the security and defense tech space. With a target size of €150 million, the fund will become one of the world’s largest with this sector experience and expertise.