Early Game Ventures funding news – Venture Capital Firm Early Game Ventures Secures €60Million in Funding

The National Plan for Recovery and Resilience under the Next Generation EU provided funding for the Recovery Equity Fund of the European Investment Fund, which awarded €30M to the fund.

Cristian Munteanu, Managing Partner EGV said, “This new fund is a confirmation that we did a good job with Fund I — our exits so far have a 45% IRR. Many thanks to our LPs in both funds for trusting us,”.

Early-stage IT businesses will get investments from the new fund. The first Early Game fund's premise will be carried out by this fund, which will concentrate on topics including corporate software, artificial intelligence, and cyber security.

The funding will be divided between firms in Romania and other startups throughout Europe. At the moment, Dan Calugareanu is employed as a Partner in both of the Early Game-managed funds. He was an angel investor and the Chairman of Tech Angels prior to this.

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Early Game Venture, established by Cristian Munteanu, makes investments in early-stage companies that develop new markets in developing Europe.

Additionally, EGV operates a concierge accelerator that accepts only five or six businesses year for a very rigorous, customised programme. The VC invests anywhere from €50,000 to €200,000 in the Accelerator stage in return for 5% to 15% of the common equity.

About Early Game Ventures

Early Game Ventures (EGV) makes investments in early-stage companies that establish new markets in Europe's developing nations. Their guiding principle is really simple: They invest early on in businesses whose founders have a stake, are coachable, and serve large markets. They would rather be the first institutional investor in such firms, if the potential is genuine.