Showing posts with label Hungarys. Show all posts
Showing posts with label Hungarys. Show all posts

Monday, July 25, 2011

Day One Capital Launches As Hungary’s ‘First Institutional Business Angel Fund’

Day One Capital has launched what it claims to be the first institutional angel fund in Hungary.

The new fund aims to tackle an oh-so-familiar problem faced by much of Europe: the lack of “seed money and management mentoring for innovative early-stage tech startups”, says Day One Capital investment manager Aurel Pasztor. The fund hopes to raise €2-4m and is targeting companies in the IT, telecommunications, energy, biotech and finance sectors with investments between €200-400k.

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