News

INVEN CAPITAL, a ČEZ Group investment fund together with Budapest based venture capital firm LEAD VENTURES backed by MOL Group and Hungarian Eximbank have acquired a minority interest in Neuron soundware, the Czech based market leader in industrial machine diagnostics based on acoustic analysis. The company develops and markets advanced hardware and software for predictive maintenance, enabling timely detection of failures and optimisation of operations. As a result of the transaction Neuron soundware raised 5.75million Euros to further expand its business activities. The former investor, J&T Ventures also joined the current investment.

22nd February 2019, Budapest – Rapid pace of innovation, new technologies and the digitalisation of almost all segments of the economy pose a huge recruitment challenge for companies all over Europe. The number of job vacancies requiring digitally skilled workers is estimated to rise to 700 thousand by 2020 on an EU level. To tackle these challenges, Budapest-based IT education startup Codecool launched a disruptive model for training coding and other digital skills three years ago. The recipe proves to be successful as the company now adding EUR 3,5 million of Series-B round venture capital - provided by Lead Ventures and Portfolion - funding to finance its European expansion.

Lead Ventures to invest EUR 100m into growth-stage startups, new venture capital fund launched in Central and Eastern Europe (Budapest – July 24, 2018) – Lead Ventures, a newly founded venture capital company, is planning to invest EUR 100m in the next 5 years in Hungary and in Central and Eastern Europe (CEE). Lead Ventures has closed subscriptions for two capital funds, and is seeking to work with entrepreneurs looking for capital, and network to support their growth.