Emerging Europe’s start-up scene is thriving: new money and new ideas are coming onto the market all the time. To keep you up to date with the latest investments, innovations, movers and shakers, each Monday Emerging Europe brings you a round-up of the region’s start-up news.
Campiri: Czech motorhome rental platform raises 2.7 million euros
Motorhome rental platform Campiri has raised funding from Rockaway Ventures and others – including Miton and Purple Ventures – to support the company’s expansion across Central Europe.
The latest round, worth 2.7 million euros, brings Campiri’s total raise so far to 4.64 million euros, which will be used to establish the firm in new markets, strengthen its teams, and purchase new vehicles. Campiri aims to have 1,200 motor homes on the road by the end of 2022.
“The current investment gives us the opportunity to expand beyond Czech borders. The majority of the funding is going to support our expansion and recruitment of senior staff. While we see great potential in Central Europe, we also see Eastern and Southern Europe as huge opportunities,” says CEO Lukáš Janoušek.
Dušan Zábrodský, investment partner at Rockaway Capital says: “What attracted us to Campiri was the digital business model that connects motorhome owners with those interested in renting them. The popularity of this form of travel is growing, and it has a demonstrably lower environmental impact. Sustainable projects in camping and caravanning are also in line with our ESG strategy, which is a key factor for us.
“Our investment in Campiri is a logical continuation of our recent investments in the digitisation of car rental and sales.”
Techcelerator: Romanian start-up accelerator launches Investment Readiness Programme
Techcelerator, an accelerator for technology start-ups in Romania, is running, in partnership with its investment partners and the SeedBlink platform, a second edition of its Investment Readiness Programme, which prepares technology start-ups to attract seed investors and raise successive investment rounds of up to one million euros.
The programme is tailored for technology start-ups in Romania and Southeast Europe, which are getting ready to raise a round of seed investments within the next six months. To be eligible, start-ups must be mature, they must provide tech products, already have a product launched on the market, and have traction, stable partnerships, and customers. They must have a strong team and the ability to scale internationally.
The Investment Readiness Programme will run from June 6 to June 27 and will include one-on-one workshops and sessions on developing and refining the fundraising process, frameworks for validating company valuation, and alignment with the mindset and process of international venture capital investors.
The programme will end with a private pitching event attended by the most active partners from local and international investment funds focusing on seed investments. The best performing start-up will receive an investment award of up to 500,000 euros, led by Techcelerator and the programme investment partners, with a co/investment participation through the SeedBlink platform.
Start-ups can register by May 31.
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