Polish fund RKKVC has joined the €7.2 million funding round for FIDO Tech. It is a British company specializing in detecting leaks in water systems. The additional round follows the company’s acquisition by SKionWater, MamStartup reports.
- RKKVC is a family office venture capital fund operating since 2020 in Warsaw, Poland. The fund invests throughout Europe and the United States. It focuses on software companies, mainly deep tech and B2B SaaS, but doesn’t neglect companies from other areas.
- The fund is founder-oriented. Its team actively supports its portfolio companies with its network and previous entrepreneurial experience throughout the founders’ journey. RKKVC recent investments in the CEE region include a Polish startup Trusted Twin and an Estonian startup EyeVi Technologies.
“At RKKVC, we’re ooking for companies that have a developed impact component, and at the same time are a great growing business. We are happy to support Victoria, Neil and their team in the implementation of their mission. Already, we’re seeing synergies between portfolio companies, as well as the effects of extensive support from our network in Central Europe,”
Mateusz Bodio, Managing Director at RKKVC, comments.
- The current round for FIDO Tech followed shortly the company’s acquisition by SKionWater, an international provider of water circulation management solutions. Apart from RKKVC, the Swiss fund Emerald Technology Ventures led the round, joined by Greenhouse Capital Partners and IreonVentures.
- The fresh funding will help the company to facilitate its expansion abroad.
