Stručni rad
Perspectives of Financing Startups in Croatia With Risk Capital
Zrinski Pelajić
; Illyricum savjetovanje d.o.o.
Sažetak
In the Republic of Croatia, the necessary legal framework has been adopted that defines the rules for establishing and investing of Venture capital (VC) and Private equity (PE) funds. PE&VC funds provide the necessary financing for startups in the form of long-term equity, in order to enable their growth, development and business success. VC funds invest in startups in the phase of early growth / development and expansion, while PE funds invest in the equity of other companies regardless of the stage of growth / development of the companies in which they research. A survey by the consulting company PwC from 2020 showed that almost 90% of startups have been operating for five years or less and have up to ten employees, which indicates that the startup ecosystem in Croatia is still in the early development phase. A total of 62% of surveyed startups received an investment for the development of their business, and 50% of them generate income. In order to ensure adequate sources of financing for the growth of entrepreneurial activities, the European Investment Fund (EIF) together with HBOR launched several initiatives for the development of the venture capital market, which resulted in an increase in the number of PEVC funds in Croatia and their increased investments in Croatian startups in recent years. PEVC funds invested approximately EUR 126 million in the Croatian startup ecosystem in 2020, which represented an increase of 54% compared to 2019. It was also encouraging that more than 50% of funds were invested in the development and expansion phase of startups (growth phase). It is expected that the establishment of PEVC combined with increased activity of foreign PEVC funds in Croatia, will contribute to further growth of the PEVC market in 2021 and that it can justifiably be expected 30 to 50 new investments in Croatian startups. Successful examples of Croatian “unicorn” startups, such as Infobip & Rimac Automobili, whose value exceeds one billion USD, confirm this.
Ključne riječi
Startups; Venture Capital (VC); Private Equity (PE); Risk capital; the European Investment Fund (EIF); the Croatian Bank for Reconstruction and Development (HBOR)
Hrčak ID:
286119
URI
Datum izdavanja:
31.7.2022.
Posjeta: 461 *