In Q2 2018, Hungary's venture capital market experienced a surge in investments, predominantly in early-stage companies, with significant backing from notable funds like the PortfoLion Regional Private Equity Fund in leading data solutions firm Starschema Kft.
Information on the Target
The Hungarian venture capital market saw significant activity in the second quarter of 2018, with 49 companies receiving a total of 3.26 billion HUF in financing. The majority of these transactions (47) were executed by venture capital investors, whereas only two were tied to private equity investments. Notably, 27 of these investments were classified as first-round financing, making up 81% of the total amount invested during this period.
The most considerable investment transaction was linked to the PortfoLion Regional Private Equity Fund, which invested 5 million dollars in Starschema Kft, a leading big data company in Hungary. This transaction alone accounted for a substantial portion of market activity, with the average investment value during this period reaching 69 million HUF, nearly double that of the first quarter's 35 million HUF.
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Industry Overview in Hungary
The venture capital landscape in Hungary is marked by a diverse range of sectors receiving investments, with notable interest shown in both business and consumer services. In the second quarter of 2018,
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PortfoLion Regionális Magántőke Alap
invested in
Starschema Kft.
in 2018
in a Seed Stage deal
Disclosed details
Transaction Size: $5M