New Vision 3 Fund

💡Challenges in Tracking European Startups: Unlike the US, Europe lacks a standardized methodology for tracking new tech startups, making it difficult to get a clear picture of startup creation across the continent. ➡️Between 2019 and 2023, Europe saw more first-time and repeat founders starting companies annually than the US. However, this number has been declining since 2020 (Data from Atomico's Report). ➡️Globally, the rate of new company launches has dropped by 30% since 2020. The decrease in startup creation is attributed to factors like reduced VC funding, higher interest rates, and the war in Ukraine affecting global trade. ➡️European startups rely more on public funding and traditional loans, with a shrinking pool of VC funds available, leading to increased competition among startups. ➡️Despite recent challenges, there are positive signs of recovery, with some European tech ecosystems showing growth in capital and startups. Read the full article here https://hubs.la/Q02M_fbR0 Want to share your experience of tracking startups? Drop us a line in the comment section.

🎉 Bronia AI, an NV3 portfolio company has become a member of NVIDIA inception program! NVIDIA Inception nurtures cutting-edge AI startups that are revolutionizing industries. This premier virtual accelerator offers go-to-market support, expertise, and technology—all tailored to a new business's maturity stage. Bronya is a high-tech company focused on developing artificial intelligence that understands sound like the human ear. Bronya's AI technology can run on both small devices and in a cloud data center with applications in the defence and civilian sectors. To learn more about our portfolio companies or news: https://hubs.la/Q02MGs8Y0

Key to Post-Investment Success: Building a High-Functioning Board as Founder This is a topic that resonates with us and something NV3 encourages wholeheartedly. 📌Creating a strong board isn't just about structure; it’s about fostering a culture of trust, transparency, and accountability. 📌Operational improvements can amplify its effectiveness: Regularly refreshing your board during new funding rounds, ensuring diversity, and leveraging the board as a strategic asset. Engaging your investors beyond formal meetings to build a community that propels your company forward. 📌Good investors help founders navigate these factors and select the right board members. They support founders in creating a board that drives the company’s strategic direction and whose meetings end with a shared sense of “wow - I love being part of this team. Read the full article written by Tom McGinn, General Counsel of Northzone, a global VC firm: https://hubs.la/Q02M0D-w0? #StartupSuccess #VentureCapital #BoardManagement

📣Exciting update from our companies' portfolio : CloudCart is expanding into Germany with the launch of CloudCart GmbH, led by Lars Bauer as Managing Director. This move signifies their entrance into the largest European market, where they will provide cutting-edge eCommerce solutions powered by #CloudCartAI. Wishing them the best of luck as they embark on this new chapter! Find out more at https://hubs.la/Q02LRCwV0 #CloudCart #Germany #Expansion #Ecommerce #Innovation 🚀

🌟 Empowering Transformation: The Role of the Fund of Funds in Bulgaria (FMFIB) 🇧🇬 At the recent "Green Transition Forum 4.0, Pavel Lisev, executive director of the Fund Manager of Financial Instruments in Bulgaria, highlighted the Fund of Funds' vital role in driving industrial and digital transformation. ➡️With over 3,500 projects supported, including 320 startups primarily in IT, the Fund is paving the way for innovation in deep tech areas like AI, cybersecurity, digital twins and more. ➡️FMFIB provides support to project proposals from various economic verticals including digitization, circular economy, urban development, and social entrepreneurship. ➡️Having invested around BGN 30 million in AI companies, the Fund focuses on early-stage firms seeking to refine their business models. As they transition to the next Multiannual Financial Framework, over EUR 320 million will be allocated to risk capital instruments aimed at small and medium-sized enterprises. Stay tuned as the Fund continues to support the development of digital technologies in alignment with Bulgaria's Innovation Strategy for Smart Specialization! Full article https://hubs.la/Q02LdtTx0 #Innovation #DigitalTransformation #FundOfFunds #Bulgaria #GreenTransition #StartupEcosystem

A network call from Releva, an AI-first growth platform that optimizes customer experiences for e-commerce businesses, and our portfolio company. Releva has started its next seed round and invites investors who want to get into the AI space with the only platform merging automation, personalization, retargeting, and generative AI. Interested parties can drop a line to Georgi Georgiev, CEO and Co-Founder. To learn more about Releva: https://hubs.la/Q02KVGNG0

Interesting news from the fintech world: Revolut has secured a UK banking license after a 3-year wait. Why is this important? ➡️It is a milestone for the company as it will help pave the way for an eventual IPO, but it may still be some time before it can hold its customers’ deposits. ➡️Tentative approval from the Bank of England means Revolut is in the mobilization stage, where it will build up its banking operations. Read the full news here https://hubs.la/Q02J_kWm0

🤝MYX , an NV3 portfolio company, recently partnered with TDF, a pioneer and leader in the telecom infrastructure space in France. TDF will adopt MYX’s full solution on-premise to enhance deployment, maintenance, and planning activities through the 3D digital twin platform. 💻By the end of 2024, more than a thousand TDF sites will be digitized and interfaced with the TDF information system via the MYX platform. We are really excited to see the new partnership unfold and blossom! See the full press release here: https://hubs.la/Q02J_bq70

Another win for the Bulgarian innovation ecosystem! Congratulations to SWIPE for being among the finalists in the #REGIOSTARS contest. 🇪🇺 The competition encourages regions in Europe to implement projects with a significant impact on the lives of all Europeans. ✅ The project is financed under the Operational Program "Innovations and Competitiveness 2014-2020" through a financial instrument provided by two of the fund managers of the Fund of Funds in Bulgaria (FMFIB) - Vitosha Venture Partners & New Vision 3 Fund. Find out more about SWIPE here https://hubs.la/Q02JlF8J0

🧭Navigating Investments in Times of Disruption As a leading VC fund in Bulgaria, we've navigated the challenges of investing during periods of economic and technological upheaval. In our latest article, we share our insights on adapting to changing market conditions, identifying disruptive trends, and managing the complex regulatory landscape. 👉🏻Read to learn more about our approach to navigating investments in disruptive times: https://hubs.la/Q02Jlx2x0 #VentureCapital #InvestmentStrategy #Disruption #Bulgaria #FinTech #AI #IoT #SharedEconomy