According to the announcement, the later investors are the most famous venture fund managers in the world, such as Tiger Global, Sequoia, Two Sigma, Y-Combinator or Techstars.
With the method, they were able to help many companies from zero to a valuation of over 100 million dollars, they wrote.
The investors of the new fund are primarily private investors, and the EBRD is also present in it.
According to the agreement, 500 Emerging Europe will establish its Central and Eastern European headquarters in Hungary, employ local employees, organize investor events in the country, and plan to launch a talent management program.
Furthermore, part of the cooperation is that the amount corresponding to the entire investment of the Széchenyi Funds will be invested in Hungary and in the narrower region in the following years – read the announcement.
