Announcements

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

by
domi
June 26, 2024
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.

Presto Tech Horizons aims to back dozens of the most promising technological projects from NATO countries and allied nations. The fund is primarily interested in companies developing dual-use solutions that can serve both civilian and security purposes. Investments will focus on enhancing the safety and privacy of individuals, as well as the security of businesses, institutions, and states. The investment scope will cover a variety of impactful sectors such as AI, cybersecurity, automation, robotics, logistics, defense, aerospace, mobility, energy, healthcare, advanced computing, and systems that involve critical infrastructure management and protection – including the application of radars, ground and aerial drones, lasers, or sophisticated sensors.

“For young, technologically advanced companies, finding the right investor is often a challenge. By joining forces, Presto and CSG have created a unique partnership that is unmatched in Europe. Our fund brings together the best of tech investing, know-how in building global firms, and industrial-technological expertise,” explains Premysl Rubes, founder and managing partner of Presto Ventures.

The interest of investors and tech entrepreneurs to enter the field of security technologies has been growing significantly in recent years. “For investors, the biggest barrier to entry is the general inaccessibility of sector-specific expertise to evaluate the quality of technology and its commercial viability. Tech entrepreneurs, on the other hand, are hindered by complex regulations, time-consuming processes, and the fulfillment of numerous formal criteria. Our partnership with CSG directly tackles these barriers and risks,” adds Premysl Rubes. CSG is the industrial partner and one of the fund’s numerous investors.  

Michal Strnad, Chairman of the Board and owner of the CSG Group, states: “At CSG, we’ve long been creating solutions and products that future generations can build on. We seek out the best minds and technologies. Together with Presto, we’ll identify opportunities and develop portfolio companies to deliver solutions with maximum added value and positive societal impact. We understand firsthand how challenging it is to transform research and development into industrial products able to succeed in the defense, security, and law enforcement segments, where they target not only private enterprises but also governments and their organizations. Our success stems from our ability to manage both manufacturing and global trade. We’re prepared to share our experience with emerging innovative entrepreneurs who will become technological leaders.”

Each year, investors at Presto Tech Horizons connect with as many as three thousand founders of innovative companies whose products hold the potential to solve society’s most pressing challenges. They will back talented, driven tech entrepreneurs and companies that are eager to succeed on a global scale, typically already generate revenue, and seek a strong partner to accelerate their growth. The fund is already assessing numerous promising projects, with the intention to announce the first portfolio investments in the fall. 

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