The Czech-Luxembourg technology-focused fund, Tensor Ventures has officially concluded the investment period for its first fund, having invested €20 million in 20 startups worldwide. Now, the firm is launching its second fund, allowing investors to support deep tech startups across the Czech Republic and beyond. Tensor Ventures shared the details with AIN.
What is second fund's investment focus?
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The second fund is targeting a size of €50 million.
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It will focus on the deep tech sector, including quantum technologies, biotech, security tech, Software 2.0, energy, and climate tech.
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Additionally, the fund also plans to extend its investments to space technologies.
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The new fund will allocate half of its resources to Czechia's best projects, with the remaining half dedicated to promising startups worldwide.
“Initially, investors joined because they trusted our expertise. It was something new for them, and they knew it was beneficial to invest early in this fast-growing segment. More recently, investors have been motivated by the sector’s resilience to fluctuations in global investment trends, with year- over-year stable growth in deep tech investments,” Roman Smola explains the main motivation behind Tensor Ventures’ deep tech investments.
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Tensor Ventures is also expanding its team of deep tech specialists including Roman Smola, Martin Drdul, and Petr Ulvr, welcoming Ondřej Ptáček (ex-PwC) as CFO and Jan Faflík (ex-RSJ) to lead biotech investments.
About Tensor Ventures
Tensor Ventures is a Prague-based venture capital firm investing in deep tech technologies, which often don’t receive traditional investment due to their complexity, which makes estimating their potential challenging.
Through its first fund, Tensor supported 20 early-stage startups with €20 million as well as had two exits over four years. The most recent portfolio additions included Quantagonia, Antiverse, Blockmate, and an exit from Neuronix.
