Warsaw’s OTB Ventures launches new €50 million fund

OTB Ventures has announced the launch of a new “growth-stage” fund totaling €50 million. Through this fund, OTB Ventures plans a number of follow on investments in portfolio companies. The typical ticket size for the Warsaw-based firm ranges from $1 million to $15 million, with a focus on cybersecurity, space, fintech, and automation startups.

Founded in 2017 by Adam Niewinski and Marcin Hejka, OTB Ventures has raised $160 million to date. OTB’s recent investments include participation in the Draper Esprit led $60 million Series B funding round in FintechOS (now based in London, but founded in Romania). They also jumped aboard the True Ventures led $87 million Series C round for Finland’s spacetech startup ICEYE.

“OTB Ventures today takes a significant step forward on our mission of enabling the start-up ecosystem of Central and Eastern Europe to achieve its global potential,” commented OTB Ventures’ Marcin Hejka.

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