“Presto Ventures Joins Forces with CSG for a €150 Million Leap into Frontier Tech and Security Innovations!”
Venture Capital Firm Presto Ventures Alongside Michal Strnad’s Industrial And Technology Group Czechoslovak Group (CSG) Have Unveiled An Investment Fund Presto Tech Horizons. Together, They Will Allocate Funds To Pioneering Enterprises In The Security And Defense Technology Domain. With A Target Amount Of €150 Million, This Fund Is Set To Emerge As One Of The Largest Globally Within This Sector’s Landscape And Know-How.
Presto Tech Horizons is designed to support numerous highly promising technological initiatives from NATO member states and allied territories. The fund primarily focuses on organizations creating dual-use solutions applicable to both civilian and security realms. Investments will concentrate on boosting the safety and privacy of individuals, in addition to securing businesses, institutions, and nations. The investment spectrum will encompass various impactful industries such as AI, cybersecurity, automation, robotics, logistics, defense, aerospace, mobility, energy, healthcare, advanced computing, and systems related to critical infrastructure management and safeguarding – including applications of radars, terrestrial and aerial drones, lasers, or sophisticated sensors.
“For emerging, tech-savvy companies, locating the perfect investor is frequently a struggle. By collaborating, Presto and CSG have established a distinctive alliance that is unparalleled in Europe. Our fund merges the pinnacle of tech investments, expertise in scaling global enterprises, and industrial-technological proficiency,” explains Premysl Rubes, founder and managing partner of Presto Ventures.
The interest of investors and tech innovators in the domain of security technologies has been notably escalating in recent times. “For investors, the primary obstacle is the general difficulty in accessing sector-specific knowledge necessary to appraise the technology’s quality and its market potential. Tech entrepreneurs, conversely, face hurdles posed by intricate regulations, lengthy procedures, and compliance with numerous formal prerequisites. Our collaboration with CSG directly addresses these challenges and uncertainties,” adds Premysl Rubes. CSG acts as the industrial collaborator and one of the fund’s multiple investors.
Michal Strnad, Chairman of the Board and owner of the CSG Group, remarks: “At CSG, we have long been devising solutions and products that forthcoming generations can build upon. We search for the brightest minds and cutting-edge technologies. In partnership with Presto, we aim to identify prospects and nurture portfolio firms to deliver solutions with immense added value and positive societal influence. We know firsthand the difficulties of converting research and development into industrial products that can thrive in the defense, security, and law enforcement sectors, targeting not only private businesses but also government entities and their organizations. Our success lies in our capacity to manage both production and international trade. We’re ready to share our knowledge with emerging innovative entrepreneurs who aspire to be technological frontrunners.”
Each year, investors at Presto Tech Horizons interact with as many as three thousand innovators whose products have the potential to address society’s most pressing challenges. They will support talented, ambitious tech entrepreneurs and companies keen on achieving success on a global scale, typically generating revenue and seeking a robust partnership to expedite their growth. The fund is already evaluating numerous promising initiatives, with plans to announce the first portfolio investments in the autumn.
