As an advisor, Michl will help identify external investors for Y Soft Ventures and also become the first external investor in Y Soft Ventures.
Y Soft Ventures invests in young Central and Eastern European companies that focus on combining hardware and software in new, innovative ways with far-reaching potential. Areas of interest include high-growth potential products or services in the areas of Internet of Things, enterprise solutions and smart technology.
In addition to funding, it provides mentoring and business expertise from Y Soft Corporation personnel who have experienced global growth and is open to external investors.
The expansion of Y Soft Ventures to external investors is under the supervision of Miloš Sochor, managing partner, Y Soft Ventures. Previously as a US corporate banker, Mr. Sochor has participated in the funding of some of the world’s largest companies and has backed numerous Czech companies through Y Soft Ventures and through the South Moravian Innovation Centre incubator.