Czech venture investor Orbit Capital has raised €107m (£91.7m) for its growth debt fund at its second close.
The fund, named Growth Debt II, is the second vintage of the manager’s debt strategy and has surpassed its €100m target.
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“This milestone reflects the strong support of both our existing and new investors, who share our conviction in the growing role of venture debt as an increasingly important financing solution for most innovative scaleups from central and eastern Europe (CEE),” the firm said in a statement on LinkedIn.
The firm’s debt strategy invests between €3m and €7m in European companies and has so far supported 10 businesses through 15 deals, including Convious, CloudTalk, Rohlik, ThreatMark and Twisto.
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Founded in 2019, Orbit Capital is a growth-stage investor focused on supporting technology scale-ups across the CEE region as well as Germany, Austria and Switzerland.
The firm, which has offices in the Czech Republic and Poland, manages more than €200m in assets across venture debt and growth equity strategies.
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