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

Focus on Central and Eastern Europe

The fund will focus on pre-seed investments in startups in Central and Eastern Europe (CEE), with a particular focus on the global diaspora. Credo Ventures intends to support the most ambitious founders in the region, offering checks between $1 and $5 million.

A consolidated team

Credo Ventures boasts a team of six partners and has already invested in successful companies such as UiPath and ElevenLabs. With this new fund, the company aims to strengthen its presence in the CEE innovation landscape.

Note: This article reports information about a venture capital fund and is not directly related to on-premise deployment or specific hardware for LLMs. However, funding new startups could indirectly lead to innovations relevant to our audience.