CEE investors Orbit Capital have announced the second closing of Growth Debt Fund II at €107 million, surpassing its initial target.
To date, Orbit Capital has supported over 20 high-growth companies through its venture debt platforms, providing non-dilutive growth capital to some of the region’s most promising scale-ups. As companies mature, they need smart and flexible financing that preserves equity, notes Radovan Nesrsta, Partner at Orbit Capital. We provide the strategic runway they need to scale efficiently.
Fund II targets post-Series A technology companies with at least €3 million in revenue and a minimum 30 per cent YoY growth. With tickets ranging from €3 million to €15 million, the capital supports international expansion, acquisitions, working capital, and capital expenditures.
The fund’s investor base reflects a synergy between major European institutions and individual investors. Anchor LPs include the European Investment Fund (EIF), Rentea, Česká spořitelna/Erste, and Conseq. The inclusion of Rentea, a Czech private pension fund, marks a significant structural shift in the region, as pension funds begin allocating capital to venture debt for the first time.
The closing also includes an allocation from PFR Ventures, the largest fund investor in the CEE region. This marks their inaugural allocation into venture debt as an asset class.
