Fribourg Capital, an investment company operating in Eastern Europe, announces the launch of Fribourg Digital Division, responsible for managing a new EUR 20 million investment fund dedicated to IT start-ups.
Fribourg Digital investments will target innovative start-up companies that need support to accelerate their activity that have already developed an MVP (Minimum Viable Product) or are in the seeding phase, but are able to show that they have already attracted users or that there is a market for their products.
Depending on the acceleration level or seed level of the start-ups, Fribourg Digital will invest between EUR 20,000 and EUR 250,000 in the first round of funding. Investments can continue in consecutive growth rounds if the projects confirm their potential.
“From our observations, most start-ups fail not because of the idea or the product they designed, but because they fail to turn them into a viable business. Fribourg Digital comes to fill these gaps in the Romanian entrepreneurial environment. Thus, by mobilizing the technical expertise we have in the companies we invested in, as well as the investment ecosystem created so far, we will focus on what we do best: to provide selected projects with operational excellence, appropriate marketing and a coherent exit strategy. Fribourg Digital wants to be a strategic investor, not just financially, with maximum involvement in the companies it finances. It will be our differentiator in the investment market,” says Ion Sturza, managing partner of Fribourg Capital.
Eligible companies include those that develop technology or other products with a major technological component, with a team of founders proving entrepreneurial excellence, complementary skills (technical, sales, analysis) and whose members share similar values.
Verticals with large selection opportunities due to geographic development prospects in the coming years (whether local, regional or global) include block-chain, fintech, artificial intelligence, machine learning algorithms, software and cloud-based integrated solutions (SaaS, PaaS and DaaS).