Credo Ventures, based in Prague and Krakow, has announced the launch of its fifth fund, Credo Stage 5, with $88 million in capital.

Focus on Central and Eastern Europe

The fund will continue to focus on pre-seed investments in startups founded by talent from Central and Eastern Europe (CEE) and their communities abroad. Credo Ventures aims to be the first investor in these companies.

A successful track record

Credo Ventures, founded in 2010, has invested in over 100 companies in 15 years, including two "decacorns": UiPath and ElevenLabs. The company positions itself as a "first-cheque" investor, supporting founders with global ambitions and solid technical skills.

The potential of the CEE region

Credo Ventures emphasizes the potential of the CEE region, which has 170 million people and a combined GDP of $2 trillion, as well as a strong tradition of technical talent. The company also highlights the key role of the CEE diaspora, particularly in hubs like San Francisco and London, as a source of opportunities.