The venture capital fund Fil Rouge Capital (FRC) has surpassed €100 million in assets under management (AUM), positioning itself among the more capitalized VC platforms focused on Central and Eastern Europe.

Reaching the €100 million mark enables the fund to increase its investment capacity, provide stronger follow-on support to existing portfolio companies, and participate in a larger number of funding rounds. It also signals the fund’s maturity and reflects investor confidence in its long-term investment strategy.

Capital that creates additional value

To date, FRC has invested in more than 170 startups and backed around 300 founders. Portfolio companies have collectively raised €430 million in capital, and the fund has completed 11 exits. These figures demonstrate the fund’s ability to identify early-stage teams with the potential for international growth.

“Surpassing €100 million in assets under management is a confirmation of the continuity and trust we have built over the years. This milestone provides greater stability and enables us to act as a long-term partner to founders across different stages of growth,” said Julien Coustaury, Fil Rouge Capital’s Managing Partner.

Structure, discipline and a long-term approach

The fund currently works with 50 LPs and has enjoyed a 90 percent re-up rate in its last vintage FRC3.

According to Stevica Kuharski, Partner at the fund, growth in assets under management also brings increased responsibility.

“In venture capital, fund size requires additional discipline in project selection, risk management and portfolio oversight. Behind €100 million stands ten years of building processes and methodology. Our focus remains on high-quality teams and long-term value creation.”

Regional expansion and a new investment phase

As part of its continued growth, the fund has recently opened an office in Bucharest and Tirana and plans to strengthen further its presence in Belgrade. The objective is to enhance local presence and access a growing number of technology founders across the region.

The fund’s portfolio includes companies such as Native Teams, Bloqit, Hypefy, Lebesgue and Entrio, which was acquired in 2024 by Invera Equity Partners.

Crossing the €100 million threshold marks the beginning of a new phase for Fil Rouge Capital, with greater investment capacity and an even stronger role in the development of the regional startup ecosystem.