Penta Venture Fund supported three start-up projects

Penta successfully closed the first year of the Penta Venture Fund, focused on start-up projects. Penta supported three innovative businesses of total amount of EUR 222 thousand. The contracts with the applicants were already signed.

Among the winners there are one Polish and two Czech projects, whose authors needed to find some starting capital, but who found a niche of the market in their sectors. Beside the financial participation, Penta will provide the new start-ups with know-how sharing and experience of its investment professionals.

Supported projects:

  • G4E (PL) - development and sales promotions of the "Smart Home System" product, a wireless technology for a building and home management
  • JouTrip (CZ) - internet travel agency, provides the support for businessmen and companies with their orientation on Chinese market (organize the turn-key business trips)
  • SelFix (CZ) - variation on the British successful model - self-repair garage (do-it-yourself)

The first round of the Venture Fund was announced last year in the countries of Penta's presence - Poland, Czech Republic and Slovakia. It is primarily aimed at perspective entrepreneurs with start-up innovative ideas. From total of 18 applications, Penta committee chose 7 to the personnel presentations. Out of them they rewarded three winning projects, which fulfilled the conditions of innovativeness and also its authors proved their skills to manage the project.

About Penta

Penta is a Central European investment group established in 1994. It operates mainly in healthcare, financial services, manufacturing, retail, media and real estate development. Its portfolio companies provide jobs to more than 41,000 people and reported assets of EUR 9 billion in 2017. Penta operates in more than 10 European countries and has offices in Prague, Bratislava and Warsaw.

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