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Venture Capital
euroventures.hu

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Investments

28

Portfolio Exits

11

Funds

5

About Euroventures

Euroventures is an established and leading independent private equity and venture capital firms in Central Europe. The firm invests in private companies in exciting industries, with the goal of helping management teams build their businesses into great regional companies.

Euroventures Headquarter Location

Mártonhegyi út 61/A

Budapest, H-1124,

Hungary

+36 1 309 7900

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Latest Euroventures News

MCI.EuroVentures to acquire Dotpay owner Mobiltek

Jan 4, 2016

Mon, 04/01/2016 - 08:24 Acquisitions MCI.EuroVentures fund has signed an agreement for the purchase of 100 per cent of the shares in Mobiltek, the owner of Dotpay, a Polish electronic payment specialist. The latest investment of the MCI.EuroVentures fund is in line with the strategy to strengthen the fund’s exposure to services in the financial technologies sector (FinTech), one of the fastest growing new technology sectors. Dotpay is one of the leaders of the Polish market of electronic payments. The company has a share of over a dozen per cent in ‘Pay-by-link’, one of the most popular payment forms in Polish e-commerce, making up over 1/3 of all online payments. Dotpay also offers payments by debit cards and mobile payments. It has been a licenced national payment institution since 2013. Mobiltek, the leader in payments by premium text messages and direct carrier billing (DCB), has been providing these services in cooperation with Polish telecom operators to both local and international clients. The company also has considerable skills and experience in providing specialist IT services for the financial sector. “In line with the investment strategy which we followed earlier this year, we are focusing on the very promising area of cashless payments. Dotpay and Mobiltek are next attractive companies from this part of the market, and their offer complements the offer of eCard, the company also managed by the fund. In contrast to eCard, whose main focus is on credit card payments, Dotpay focuses on online transfers and Mobiltek on premium text messages and DCB. The cooperation between these three companies under the guidance of our fund will contribute to a dynamic growth of the customer base and the extent of provided services to the benefit of all companies,” says Cezary Smorszczewski, the President of the Management Board of Private Equity Managers SA, who also manages the MCI. EuroVentures fund. “The potential of the Polish market of online payments results from its direct link with the fast-developing e-commerce market, whose value goes up by two digits every year. According to experts this tendency will continue in the coming years. What is more, in Poland, in contrast to the West, cash on delivery remains the dominant form of payment for online shopping. However, the efficiency, convenience and safety of online payments are making them more and more popular while the share of cash on delivery in all forms of payment should see a steady decrease,” says Łukasz Wierdak, MCI Investment Director. Poland’s e-commerce market in 2014 was valued at PLN 27 billion. At the end of 2015 its value is forecasted at PLN 31.5 billion. According to forecasts, in 2019 the market will be worth PLN 50 billion. PMR, a research company, estimates that cash on delivery is the most popular form of online payments in Poland, with a share of 42  per cent. However, every year its popularity drops by 2 to 4  per cent. Instant transfers, such as ‘Pay-by-link’, come second (37  per cent). Dotpay’s development strategy will help to exploit this potential. Within the next 2 to 3 years Dotpay wants to reinforce its activity in the mobile payments sector and offer new payment services for individual customers and merchants. The company also has considerable potential for finding new online and offline customers. During the next 3 to 5 years the company plans to enter Central and Eastern Europe markets and to build multi-channel distribution. “Our new professional partner, MCI.EuroVentures, managed by Private Equity Managers, understands the e-commerce market and has experience in investing in FinTech companies, which is a guarantee of our dynamic development both in Poland and in the region,” says Andrzej Budzik, Dotpay’s CEO. Mobiltek’s development strategy is based on an increase in the sales of multimedia content, the development of specialist IT services for financial institutions, the development of the DCB market in cooperation with telecom operators and on building its market position in the CEE region. Dorota Ubysz, Mobiltek’s CEO, adds: We are now able to mark a stronger presence both in Poland and other CEE markets. Thanks to our knowledge and experience in the promising e-commerce and mobile sectors, we are confident about the company’s future. Our strategy includes ambitious plans of developing new products and services. We believe that innovative e-commerce or mobile payments solution created by the group will bring benefits to both merchants and individual customers. We’re counting on strong support from the Fund in the implementation of this strategy. Funds managed by the Private Equity Managers group already have a number of e-commerce companies in their investment portfolios. Synergies following from the cooperation with Dotpay and Mobiltek will speed up their growth, which will translate into their market value. Tags :

Euroventures Investments

28 Investments

Euroventures has made 28 investments. Their latest investment was in Prefixbox as part of their Series A on March 3, 2021.

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Euroventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/19/2021

Series A

Prefixbox

$1.79M

No

1

2/24/2020

Seed VC

Logiscool

$3.8M

Yes

1

12/5/2019

Unattributed VC

Ordit

$3.33M

Yes

1

11/19/2019

Seed VC

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$99M

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10

11/14/2018

Seed VC

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$99M

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10

Date

3/19/2021

2/24/2020

12/5/2019

11/19/2019

11/14/2018

Round

Series A

Seed VC

Unattributed VC

Seed VC

Seed VC

Company

Prefixbox

Logiscool

Ordit

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Amount

$1.79M

$3.8M

$3.33M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

1

1

1

10

10

Euroventures Portfolio Exits

11 Portfolio Exits

Euroventures has 11 portfolio exits. Their latest portfolio exit was Tresorit on July 08, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/8/2021

Corporate Majority

6

11/16/2020

Acquired

1

5/16/2018

Acquired

2

00/00/0000

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10

00/00/0000

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10

Date

7/8/2021

11/16/2020

5/16/2018

00/00/0000

00/00/0000

Exit

Corporate Majority

Acquired

Acquired

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Companies

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Valuation

Acquirer

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Sources

6

1

2

10

10

Euroventures Fund History

5 Fund Histories

Euroventures has 5 funds, including Euroventures IV Venture Capital Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

9/30/2011

Euroventures IV Venture Capital Fund

Early-Stage Venture Capital

$37.35M

1

7/4/2005

Euroventures Hungary III

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$99M

10

6/15/2001

Euroventures Danube BV

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$99M

10

12/31/1998

ABN AMRO Private Equity Program

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$99M

10

12/31/1990

Euroventures Hungary BV

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$99M

10

Closing Date

9/30/2011

7/4/2005

6/15/2001

12/31/1998

12/31/1990

Fund

Euroventures IV Venture Capital Fund

Euroventures Hungary III

Euroventures Danube BV

ABN AMRO Private Equity Program

Euroventures Hungary BV

Fund Type

Early-Stage Venture Capital

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Status

Amount

$37.35M

$99M

$99M

$99M

$99M

Sources

1

10

10

10

10

Euroventures Team

1 Team Member

Euroventures has 1 team member, including current Managing Partner, Andras Geszti.

Name

Work History

Title

Status

Andras Geszti

Managing Partner

Current

Name

Andras Geszti

Work History

Title

Managing Partner

Status

Current

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