On February 28th, 2024, the Investment Committee designated by the Romanian Government for
the Recovery Equity Fund, part of PNRR (National Program for Recovery and Resilience),
cofinanced by European Union through NextGeneration EU, approved an important financing for
the new investment fund Early Game Ventures II.
Managed by the European Investment Fund (EIF), PNRR’s venture capital instrument finances
investments in small and medium-sized enterprises, mid-caps and infrastructure projects.
This is an important milestone in the prelaunch process of the second VC fund managed by Early
Game Ventures team (EGV). The subscription agreement between the EIF and the EGV will be
signed in the following period. Simultaneously, subscription agreements between EGV and other
private investors (LPs) will also be signed.
Early Game Ventures II will continue the investment strategy of the previous fund, EGV I, which
benefited from a contribution through the equity financial instrument financed by the
Competitiveness Operational Program 2014-2020 and ended the active investment period. EGV I
fund is still active but will only invest in the companies from its own portfolio. New investments will be done from the EGV II Fund, with a total value of 60 million euros.
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