ImpactAlpha, October 8 – Startups former Yugoslavian states don’t see a lot of activity from impact investors; most of the impact capital in the region comes from the likes of SEAF or the European Bank for Reconstruction and Development and funds small businesses, basic services, and climate change initiatives.
A new fund in Croatia is looking to fill a startup capital gap for the country’s social entrepreneurs. The Feelsgood Fund will invest €30 million in startups addressing financial inclusion, agriculture and farming, the circular economy, education and healthcare. (Slovenian startups will also be considered.)
Renata Brkić, Feelsgood’s founding partner, said the fund was filling a “long-awaited” capital gap for impact startups.
Feelsgood is only the third venture capital firm to launch in Croatia and the first with an entirely Croatian team, according to a press statement.
The European Investment Fund contributed €15 million.