Hrvoje Čuvalo, President of HBOR's Management Board, at the annual BestInvest Croatia conference
Hrvoje Čuvalo, President of the Management Board of HBOR, participated in the annual BestInvest Croatia conference organised by the Croatian Private Equity and Venture Capital Association held at the Westin Hotel in Zagreb on 12 June 2024.
"The Croatian Bank for Reconstruction and Development is crucial to the development of the venture capital market and has been the centre of the development of this industry for more than a decade. In the last five years, HBOR has launched a number of new initiatives, including CROGIP and CEETT and a partnership with the European Investment Fund, in which EUR 50 million have been invested so far, and this amount has been increased by the capital of private investors of EUR 300 million, which together represents available capital for fast-growing and innovative Croatian companies. New initiatives include CROGIP 2 and the Three Seas Initiative, and there are also new financial instruments that HBOR will be able to create after a rigorous process of approval by the European Commission under the InvestEU Programme," said Hrvoje Čuvalo at BestInvest.
Annual awards were given at the conference for the best investments in fast-growing companies and start-ups, i.e. the best private equity and venture capital (PE&VC) investments.
In the Founder of the Year category, the award was given to Matija Nakić, founder and CEO of Farseer, and the Investor of the Year was awarded to Provectus Capital Partners. The award for Private Equity Investment of the Year was given to Invera Equity Partners for its investment in the Museum of Illusions. Venture Capital Investment of the Year was awarded to Farseer for raising venture capital investments from Apertu Capital, SQ Capital and other investors.
The event that brought together investors worth more than EUR 3 billion and the most innovative Croatian entrepreneurs took place for the fourth year in a row, and the awards committee consisted of eminent experts from the business community.
"The Croatian Bank for Reconstruction and Development is crucial to the development of the venture capital market and has been the centre of the development of this industry for more than a decade. In the last five years, HBOR has launched a number of new initiatives, including CROGIP and CEETT and a partnership with the European Investment Fund, in which EUR 50 million have been invested so far, and this amount has been increased by the capital of private investors of EUR 300 million, which together represents available capital for fast-growing and innovative Croatian companies. New initiatives include CROGIP 2 and the Three Seas Initiative, and there are also new financial instruments that HBOR will be able to create after a rigorous process of approval by the European Commission under the InvestEU Programme," said Hrvoje Čuvalo at BestInvest.
Annual awards were given at the conference for the best investments in fast-growing companies and start-ups, i.e. the best private equity and venture capital (PE&VC) investments.
In the Founder of the Year category, the award was given to Matija Nakić, founder and CEO of Farseer, and the Investor of the Year was awarded to Provectus Capital Partners. The award for Private Equity Investment of the Year was given to Invera Equity Partners for its investment in the Museum of Illusions. Venture Capital Investment of the Year was awarded to Farseer for raising venture capital investments from Apertu Capital, SQ Capital and other investors.
The event that brought together investors worth more than EUR 3 billion and the most innovative Croatian entrepreneurs took place for the fourth year in a row, and the awards committee consisted of eminent experts from the business community.