In a nutshell
- Prague-based Jet Investment has announced the launch of Jet Ventures, a new venture capital fund targeting €50M.
- The fund’s focus is on industrial B2B startups across Czech Republic, Germany, Austria, Poland, and Slovakia.
- Jet Investment has already invested €1.25 million in PARTORY, a Czech digital factory.
€50M fund launched to accelerate industrial-tech startups
Jet Ventures is Jet Investment’s first step into venture capital. Jet Investment, led by angel investors Kamil Levinský and Roger Dorsch, manages €600M in assets and has almost 30 years of experience running established industrial companies and real estate.
The new fund is aiming at €50M with a focus on the industrial sector like its parent company, Jet Investment, targeting late-seed to Series A stages industrial-tech / B2B startups.
“Our mission is to boost European industry, which has fallen behind the US in integrating high-tech innovations into traditional sectors and is losing its competitive edge,” shared Igor Fait, managing partner of Jet Investment.
The fund will focus on investing in the industrial regions of Europe, including Czech Republic, Slovakia, Poland, Austria, and Germany, with plans to raise capital from both individual and institutional investors.
Offering private equity portfolio for innovation testing
Jet Ventures will consider startups that have achieved product-market fit, demonstrated customer traction with a revenue run rate exceeding half a million euros, and have doubled their business year-on-year.
Igor Fait shared for The Recursive more on their objective to invest within the region: “Central Europe, the industrial heart of the continent that comprises more than 40% of its industrial capacities, boasts a vast pool of technical and IT talent combined with lower operational costs, making it the perfect incubator for innovative technologies. After three decades of experience transforming mature industrial companies in this region, we also feel confident in supporting young industrial innovators.”
Fait explained that except for financing, the startups will get access to their network of experts. “Our private equity portfolio can also serve as a testing ground for their innovations,” he added.
Jet Investment makes €1.25M pre-Series A investment in Czech startup PARTORY
Jet Investment has made its first investment of €1.25M in the pre-Series A round of the Czech startup PARTORY (formerly Factoree.online). The company, founded by brothers Milan and Jakub Málek, provides a B2B platform utilizing AI and machine learning to streamline the procurement process for low-cost metal parts purchased in high volumes.
Kamil Levinský, partner at Jet Ventures, shared that PARTORY is a good fit for their investment with its year-on-year revenue growth of 300%.
This investment will allow PARTORY to develop their software platform further and expand into international markets, with a particular focus on the UK and Benelux regions.
Jakub Málek, co-founder of PARTORY, adds: “We will focus on hiring native speakers in target countries and onboarding new suppliers and transforming them into ESG-compliant businesses,” said Jakub Málek, co-founder of PARTORY.
According to their data, PARTORY collaborates with 1,500 European manufacturers of engineering parts. The company is also beginning to work with businesses within Jet Investment’s portfolio.
