Swisscom Ventures invests USD 12.5 million in Cognism
British-Croatian startup Cognism has received a USD 12.5 million investment from the VC fund of Switzerland’s largest telecom, Swisscom Ventures. With this new capital, Cognism plans to open offices across Europe and further invest in the development of its products. The last known market value of Cognism was HRK 503 million or USD 72 million. […]
NTL: Studenac leaves the Association, estimated payment is 200M HRK (approx. 26,7M EUR)
Three years after taking over the Studenac retail chain, the Polish private equity fund Enterprise Investors has left the ownership structure of the National Retail Chain (NTL), in which it had a 20% stake. Although it is not known exactly how much Studenac was paid by the other National Retail Chain (NTL) co-owners, it would, […]
Porsche increases stake in Rimac Automobili to 24%
Rimac Automobili, the Croatian company which produces and develops high-tech components for electromobility, known for its electric hypercars and batteries, has received yet another investment from Porsche AG. On March 8th, Porsche stated, it invested EUR 70 million into Rimac, which means that Porsche’s stake in Rimac is now at 24%, from 15%. This is […]
Provectus Capital Partners invests in Keindl Sport
Croatian private equity fund management company Provectus Capital Partners (Provectus) has made its first investments. In September 2021, Provectus has completed the first closing of EUR 56 million for the private equity fund Adriatic Structured Equity under their management. The target fund size is EUR 100 million. Provectus has already completed its first investment in […]
Fortenova grupa d.d. agrees to fully consolidate its position in A.N.P. Energija d.o.o.
After the recently announced acquisition of a 26% stake in A.N.P. Energija held by Prosperus FGS, Fortenova grupa has now agreed to acquire a further 39% stake in A.N.P. Energija owned by Inspire Investments d.o.o. Fortenova stressed that following the transactions with Prosperus and Inspire, Fortenova grupa will effectively wholly own A.N.P. Energia via a […]
Croatian startups to watch in 2021
Novac.HR, the economic section of Jutarnji list presented the first independent list of domestic young, innovative technology companies worth following in the following year called: “Novac.HR TOP 10 Croatian startups to monitor in 2021.”. This is the first list in Croatia compiled by professionals who work with Croatian startups on a daily basis, invest in […]
Prosperus Growth Capital is ready for making new investments
Private equity fund Prosperus Growth Capital, one of the three funds under the CROGIP program, fundraised EUR 51 million from investors in the first closing. Prosperus Growth Capital is managed by Prosperus Invest, whose management team confirmed the completion of the first closing and the start of operations for their third private equity fund. Prosperus […]
Prosperus exits from Energija Gradec and prepares exit from Hoteli Plat
In November 2020, Croatian private equity fund Prosperus FGS and Fortenova grupa d.d. (“Fortenova”) made two separate corporate transactions. In the first transaction, Fortenova agreed to acquire a 26% stake in A.N.P. Energija, held by Prosperus FGS, thus gaining a controlling stake in the firm A.N.P. Energija. A.N.P. Energija d.o.o. is the only owner of […]
Agrivi raises €4 million for its mission of digitization global agriculture
On November 17th, 2020. Croatia’s first agricultural tech startup Agrivi with headquarters in London secured €4million in Series A funding round from South Central Ventures, the European Investment Fund (EIF), and the Croatian Bank for Reconstruction and Development(HBOR). Fil Rouge Capital and AgriTech Hub also participated in the round. Agrivi is a SaaS developer of […]
Prosperus successfully exits Dalmacija hoteli
Prosperus successfully and profitably exited its investment in tourism amidst the pandemic, which hit the tourism business the hardest. Laguna Novigrad d.d., one of the leading tourist companies in Croatia operating under the Aminess hotels and campsites brand, has signed an agreement to take over Dalmacija hoteli d.o.o., which is the majority owner of companies […]