The funds will be operated by Silvije Radišic, Managing Partner, and Nikola Livakovic, Ratko Jovic and Bozidar Pavlovic as Partners. Although first-time investors, they are all well-known experts in the ecosystem with formidable experience, primarily in the financial industry.

Funding came from institutional and individual sources, most notably European Investment Fund and prominent local ecosystem players, whose names weren’t disclossed. Both funds have a standard duration of 10 years (until 31 Dec 2034), and the investment period is (as usual) first 5 years.

We have talked about the details of both funds and their plans with Bozidar Pavlovic, former international banking and fintech executive, now a fund’s partner.

“Through the long and winding road of fundraising we have met lots of great individuals and institutions both in Croatia and abroad, most of which had become our LPs, and we are very proud and thankful for that.”

AYMO’s twin funds hunt deals across the spectrum

Shortage of funds is pervasive issue for the CEE region, but even more-so in case of growth and late stage investing. In the end, AYMO decided in cooperation with EIF, to cover more spectrum and have two funds, one for early and one for later stage investments.

“We have jointly agreed, considering the local market maturity, that there is still some space for pre-seed and seed investments in Croatia, and the accelerator itself is just a consequence :)”

AYMO Accelerator Fund will invest in startup companies in their early phases (pre-seed and seed), the amount ranging from 50K-300K (subject to EU de-minimis rules).

As for the main AYMO Growth Fund, they are looking for the more mature startup companies with proven business models, significant traction (in terms of client base and revenues) and the clear path to scale. So, startups raising funds in Seed+ or Series A phase would be ideal candidates for Growth fund tickets of 1 million euros and up.