Croatian Venture Capital Initiative 2 (CVCi 2)
In a pivotal development for Croatia’s entrepreneurial landscape, the European Investment Fund (EIF) and the Ministry of Regional Development and EU Funds of the Republic of Croatia joined forces in September 2023 to ink a groundbreaking funding agreement. This agreement marked the inception of the Croatian Venture Capital Initiative 2 (CVCi 2), an ambitious EUR […]
Croatian Growth Investment Programme (CROGIP) II
The Croatian Bank for Reconstruction and Development (HBOR) and the European Investment Fund (EIF) have jointly launched the Croatian Growth Investment Programme II (CROGIP II). The main goal of this program is deeply rooted in encouraging the development and strengthening of private equity fund management companies, which direct a significant part of their investments to support fast-growing Croatian small […]
Top 25 Croatian Startups to watch in 2023
Novac.HR, the business section of the Jutarnji list, traditionally gathers an expert jury to select the Top 25 Croatian Startups to Watch in 2023. As published in December 2022, the names of the 25 most promising Croatian startups that are worth following in 2023 are: AGRIVI, airt, Amodo, Ascalia, BiteMe Nutrition, Cidrani, CircuitMess, Codemap, Elevien, […]
Rimac Group raises 500 million euros in new investment round
In the latest investing round Rimac Group collected EUR 500M after which its market value increased to EUR 2B. The majority of the investment was provided by the largest technology investment fund, SoftBank Vision Fund 2. SoftBank Vision Fund 2 is part of a large Japanese multinational company which is well known for investing in […]
Actively supporting Ukraine
Croatian Private Equity and Venture Capital Association (CVCA) joins the industry initiative led by Invest Europe and supported by national associations to condemn Russia attacks on Ukraine. We stand fully in support of the Ukrainian people. As with our fellow industry counterparts, we are profoundly saddened by the tragic loss of life and human suffering […]
Cognism secures a $ 87.5 million investment
European markets. According to UK Tech News, the main investor in the financing is the new investor Viking Global Investors, and he was joined by Blue Cloud Ventures, AXA Venture Partners, Swisscom Ventures, and Volution. The company envisages this expansion as a combination of organic growth and acquisitions and plans to make further investments to […]
New fund for mezzanine financing of small and medium enterprises is at a low start
Small and medium-sized enterprises (SMEs) often find themselves in a situation where they have to reconsider or decide on the method of financing, whether it is bridging, investment, or other business steps. This often means a balance between debt and equity. Such a crossroads is sometimes, for example, the initiation of investments in the development […]
Bellabeat has signed a contract with Bank of America, the third largest investment bank in the world
The company Bellabeat, a global company that operates from Zagreb through two Croatian subsidiaries, and in which the leading co-founder and CEO is Sandro Mur from Croatia, is nearing the end of the third round of recapitalization, the statement said. The financing arranger is the second-largest American, and the third-largest investment bank in the world, […]
Croatian startups to watch in 2022
In the selection for Novac.hr TOP25 startups to follow in 2022, 14 members of the jury participated, excellent experts in startup ecosystems who chose among 120 proposed candidates. The selected startups represent the absolute cream of the Croatian startup scene, and they are the domestic entrepreneurial stars from whom the most is expected in 2022! […]
Infobip Acquires Peerless Network in US, Takes $500m Loan
The Infobip IT company has concluded a sales contract with the US-based Peerless Network company as well as ensuring a US$ 500 million loan, which places it among reputable IT companies with high growth and big value, Infobip reported. Peerless Network is a global provider of VoIP (Voice over IP) services from Chicago and Infobip […]