OTB Ventures launches $100M fund

Poland-based OTB Ventures has launched a $100 million early-growth fund that will focus on tech companies in Central and Eastern Europe. The vehicle is backed by the European Investment Fund. The fund will target areas including cybersecurity, big data, AI, fintech, robotics and internet of things technology. It will back about 16 companies, deploying around $15 million per company for a 10% to 15% stake. OTB's previous investments include Cosmose, SpaceKnow, Silent Eight, Minit, BabbleLabs and Iceye—its largest investment at $10 million in 2018.