32 C
Bucharest
August 17, 2022
BUSINESSCOMPANIESECONOMY

Underline Ventures: the first solo GP fund in CEE

Investor and founder Bogdan Iordache (photo) is launching Underline Ventures, a solo GP venture fund targeting early-stage high-growth Eastern European startups with global ambitions, thus joining the ranks of solo VC managers emerging in Europe. Underline Ventures’ debut fund has raised €10m, with a final target of €20m.

Best known as the founder of How to Web, one of Europe’s top 10 startup conferences, started in 2010, Bogdan has also been the founder of Conectoo (exited in 2013) and a former investor for Gecad Ventures, 3TS Capital Partners, and MVP Academy.

Underline Ventures is backed by 20+ founders and early-stage operators from companies such as UiPath, Green Horse Games, Telerik, Elrond, MorphL, Smartbill, CleverTaxi, Tremend, and many others, along with professional investors in venture funds.

The fund is already a one-year effort, and the team includes experienced founders and operators from the tech world: Vlad Ionescu – Venture Partner, ex-UiPath, Iulian Circiumaru – Venture Partner, ex-7Card, Iulia Ghita – Investment Manager, ex-Bookster, Adriana Spulber, Sebastian Boureanu, Mihaela Ciobanu.

”Our fund thesis is generational. We believe the Eastern European tech industry hit a critical mass of experienced founders and operators from scale-ups that are now starting or contributing to new startups, along with many young ambitious founders. While their expertise is excellent on the operational side, we believe Underline Ventures can help them understand the venture way and connect them with the world of venture capital, so they can build high-growth startups, not only successful companies“, Bogdan says.

 

Related posts

Dobre: We don’t intend to change country brand, it would mean giving EUR 850,000 to EC; we want to make some brochures

Nine O' Clock

Starcom Romania Study: How Romanians’ consumer behaviour evolved in 2020 in relation to the digital environment and technology

NINE O'CLOCK

Minister-delegate for European Affairs Negrescu: In order to manage the European business system, we test IT solutions enabling less red tape

Nine O' Clock