Orbit Capital, a venture firm based in Prague and Warsaw, has completed a €70 million first close of its Growth Debt II fund, aiming for a total of €100 million, the firm told Vestbee.
- Founded in 2019, Orbit Capital is a venture capital fund family focused on technology scaleups and investments in young tech companies. Alongside its debt fund, it also manages the Growth Equity I fund, which currently includes two unicorns in its portfolio.
- To date, the firm has supported 15 Central European companies through its venture debt fund, including Czech online supermarket Rohlík, fintech app Twisto, anti-fraud software firm ThreatMark, AI-powered call center platform CloudTalk, and Boataround, Europe’s largest yacht rental platform based in Slovakia.
- The new fund aims to invest in technology and tech-enabled companies with established traction and positive or near-positive cash flow, offering ticket sizes ranging from €3 million to €10 million.
“Our firm has introduced Venture Debt – a new type of funding for our region that is attractive to young, fast-growing companies as well as already mature companies that do not yet meet the conditions for traditional bank financing," Radovan Nesrsta, partner at Orbit Capital, commented in a press release.
- Investors in the Growth Debt II fund include the European Investment Fund, Česká Spořitelna, and Rentea, part of Partners Group
“We are providing crucial support to Orbit Capital in its mission to provide alternative financing to innovative companies in Central and Eastern Europe. This investment will not only provide much-needed financing to SMEs and small Mid-Caps but also promote innovation, contributing to the region’s economic growth and competitiveness," claims Marjut Falkstedt, EIF Chief Executive.
