HomeHungary-StartupsDay One Capital, Hungary's new business angel fund, opens investor applications

Day One Capital, Hungary’s new business angel fund, opens investor applications

Day One Capital, a new angel fund which focuses on early-stage tech startups, was recently launched in Budapest, Hungary, and is on the lookout for its next portfolio companies.

The founders of Day One Capital claim to have created “the first institutional angel fund in Hungary”. The new fund is currently accepting investor applications and hopes to raise €2 – €4 million. This capital will then be invested in a series of early-stage tech startups coming out of industries like IT, telecommunications, energy, biotech and finance. The business angel fund plans to invest between €200K – €400k each of these 5-10 businesses in the coming year.

The founding team of Day One Capital includes two former top executives at Hungary’s leading telecoms group (Magyar Telekom), an ex-minister (Csaba Kakosy) and a VC fund manager (Andras Molnar), showing promising signs for the future.

By the way: If you’d like to stay up-to-date with European acquisitions, funding and other interesting opportunities, make sure to subscribe to our free weekly EU-Startups Newsletter!

Thomas Ohr
Thomas Ohr
Thomas Ohr is the "Editor in Chief" of EU-Startups.com and started the blog in October 2010. He is excited about Europe's future, passionate about new business ideas and lives in Barcelona (Spain).

Most Popular