Publications
Publications
- February 2024
- HBS Case Collection
Vespucci Partners: The New World of Venture Capital in Hungary
By: Paul A. Gompers, Tonia Labruyere and Emilie Billaud
Abstract
Julia Sohajda was the young, female founding partner of the Hungarian VC firm Vespucci Partners, which focused on investing at seed stage into Hungarian deep tech startups and prepare them for a launch in the U.S market. Vespucci's first fund had largely been comprised of money from the Hungarian Development Bank, which had limited the fund's investment possibilities. Sohajda was now in the process of raising capital for her firm's second fund, targeting exclusively institutional investors and high net-worth individuals. In a country without much generational wealth and a difficult macroeconomic environment, would she be able to reach her goal of collecting €60 million?
Keywords
Venture Capital; Business Startups; Investment Funds; Financing and Loans; Entrepreneurship; Financial Services Industry; Hungary; United States
Citation
Gompers, Paul A., Tonia Labruyere, and Emilie Billaud. "Vespucci Partners: The New World of Venture Capital in Hungary." Harvard Business School Case 824-138, February 2024.