Presto Ventures Closes Fund II, at €30M

Presto Ventures

Presto Ventures, a Prague, Czech Republic-based venture capital firm, investing in early-stage B2B startups from Central and Eastern Europe (CEE), closed its Fund II, €30m.

The fund is backed entirely by private investors, including family offices and a number of successful entrepreneurs and exited founders committed to expediting business connections and additional capital in follow-on rounds.

Through this fund, Presto will invest in up to forty B2B tech startups at seed and pre-seed stages in the CEE region, supporting them with fast access to capital, fast business development, and fast growth.

Presto has already invested in startups such as Cloudtalk, IP Fabric, Yieldigo, Sharry and Wolf3D.

Led by Přemysl Rubeš, Founder and Managing Partner, a former mathematician, holding scientific and engineering degrees from the Nuclear Sciences Faculty at CTU Prague and ENSTA ParisTech, the firm also announced the appointment of three new partners. They are:

  • Roman Nováček, a CFA charterholder and ex-analyst at US private equity firm GTE. Recently named on Forbes 30 Under 30 list for 2022,  Nováček is also one of the youngest partners at a CEE VC firm, and will oversee financial planning and analytics at Presto,
  • Vojta Roček, who founded and sold business intelligence startup to Workday, and
  • Eduard Kučera, who built and managed the Business Intelligence department of cybersecurity giant Avast.

These new additions boost the fund’s credentials in diverse areas such as blockchain, data, cybersecurity, enterprise software and SaaS.