Tensor Ventures becomes the first VC Fund supported by the Czech Republic’s National Recovery Plan

The investment company Tensor Ventures has been chosen to manage the first venture capital (VC) fund financed by the Czech Republic's National Recovery Plan (NPO ČR) under the Fund of Funds RRF instrument. This instrument is overseen by the Ministry of Industry and Trade of the Czech Republic (MPO ČR), which delegated the implementation and the selection of the fund manager to the independent European Investment Fund (EIF).

The focus of the first fund managed by Tensor Ventures will be investments in digital innovative companies and startups at the earliest stage (pre-seed). These investments will always be made in co-investment with other professional VC investors, supporting the development of this market segment and the establishment of new VC funds specifically targeting pre-seed investments. This will significantly aid the creation and growth of innovative projects at the most sensitive and risky initial stage of business.

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The Tensor Ventures Co-investment Fund project was introduced today in Prague by Roman Smola and the Tensor Ventures team, Petr Očko, Chief Director of the Digitization and Innovation Section at MPO ČR, representatives of the EIF, and the professional association CVCA (Czech Venture Capital & Private Equity Association).

Tensor Ventures has previous experience from Intel Corporation and is among the first fund managers in Central and Eastern Europe specializing in deep tech. They began operations in 2017 and shortly after launched their first fund of 20 million euros (approximately half a billion CZK), focusing on areas such as artificial intelligence (AI), quantum technologies, biotechnology, decentralized technologies (DLT), software 2.0, new energy technologies, climate technologies, and space technologies.

About Tensor Ventures

Tensor Ventures is a global deep tech fund based in Prague and Luxembourg, founded by Roman Smola, Martin Drdúl, and Petr Ulvr. The fund supports revolutionary ideas of early-stage deep tech startups.

Currently, Tensor Ventures' portfolio includes over twenty startups from Europe, the UK, Israel, the USA, the Czech Republic, and Slovakia. The fund has supported startups such as Tatum, Veracity Protocol, QC82, and others in their strong growth.