Croatian VC AYMO Ventures launches €52M funds to support early-stage and growth startups in Croatia

AYMO Ventures, a Croatian venture capital firm, has announced its first closing of €52 million for their two funds – AYMO Fund and AYMO Accelerator Fund, the Recursive reports.

• The AYMO Accelerator Fund is focused on early-stage startup companies in their pre-seed and seed phases, offering investments ranging from €50K to €300K, subject to EU de-minimis rules.

• The AYMO Growth Fund targets more mature startups with established business models, significant traction (in terms of clients and revenues), and a clear path to scaling. The fund focuses on startups in Seed+ or Series A phases. With a ticket size starts at €1 million or more.

• Both fund focus mainly on Croatian startup ecosystem, and the neighboring ecosystems leaning on Croatia

Funding came from institutional and individual sources, most notably European Investment Fund and prominent local ecosystem players, whose names were left undisclosed.