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Budapest, January 21, 2021. i-Cell, launches joint product development with MOL and aims for the international markets, after Lead Ventures has taken part ownership in firm. The Budapest-based venture capital and private equity investor specializes in scale-ups.
BitNinja closed a USD 2.5 million funding round, the transaction is led by Lead Ventures, the specialist of scale-up financing in CEE. The U.S.-registered, Debrecen-based BitNinja aims to become a major player in the global cyber security market with its server protection solutions.
AImotive, providing solutions based mainly on AI-powered, vision-first automated driving software, received USD 20 million investment, thereby becoming the most capitalized member of the top self-driving technology startups in Europe. Lead Ventures was the lead investor of the round, international investors of previous investment rounds as well Hungarian Szechenyi Investment Fund joined the round. Including previous investments, AImotive’s capitalization has increased to above USD 75 million.
Lead Ventures is undertaking a new EUR 3 million investment in the CEE region. The Budapest based venture capital firm, specializing in scale-up financing, is assisting the growth of Amodo, an insurtech company influencing the lives of drivers and the future of insurance companies. Funds will be used for further scale-up activities, as well as further development of Amodo’s product. Amodo has developed a Connected Insurance platform supporting the introduction of Usage Based Insurance products, currently used by several prominent insurance companies worldwide.
Neticle, having become well-known and successful tech start-up by providing intelligent media monitoring including social media and text analysis solutions. The company has recently signed an agreement with Lead Ventures and Hiventures, member of the MFB Group to receive a EUR 2.5 million venture capital investment. The financing will be used to strengthen Neticle’s regional market position, for further market entries and product development.
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.
Partnership with Lead Ventures and MOL enables GA Drilling to perform onshore field testing and commercialisation of its disruptive plasma plug & abandonment technology
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.
