Presto Tech Horizons Fund Invests €150M in Startups

The Presto Tech Horizons Fund has announced a €150 million investment to support cutting-edge startups from NATO countries and their allies. Backed by a strategic partnership between Presto Ventures and Michal Strnad’s Czechoslovak Group (CSG), this initiative aims to bolster innovation in critical sectors.

• Funding Overview: The fund will allocate €150 million to tech startups across NATO nations, focusing on fostering innovation in security and technology.

• First Portfolio Companies: Bavovna raised $1.7 million with Presto as the lead investor. The same goes for Vidar System, which focuses on portable AI systems for detecting hostile attacks. Lastly, Dutch startup Tur.ai also secured $1.45 million with Presto leading the investment.

• Insights from Presto Ventures: Founding Partner Premysl Rubes noted that the fund has evaluated over 1,200 startups from 15 countries since spring, assisting founders in navigating challenges and accessing new markets.

• New Leadership: Lucie Bresova joins as a Partner, where she will focus on enhancing the fund's operations and supporting the growth of its portfolio companies.

The Presto Tech Horizons Fund is set to make a significant impact by backing innovative companies that address both technological and security challenges.