Croatia's 30 million euro ($33 million) venture capital fund Feelsgood Social Impact Investment Fund has started operations, according to the European Investment Fund (EIF), one of the key investors in the project.
Feelsgood targets early- to growth-stage Croatian and Slovenian startups with an environmental and social impact.
The social impact investment fund has launched in Zagreb on October 3, EIF, which is part of the European Investment Bank group.
The EIF contributed to the fund with 15 million euro, which almost entirely covered by the European Fund for Strategic Investments (EFSI), the core of the Investment Plan for Europe, or Juncker Plan.
In an EIF statement, it says that Feelsgood is the first Croatian VC fund managed by a fully Croatian team, which is a sign of the maturing and development of the local financial market.
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Ganesh Natarajan is the Founder and Chairman of 5FWorld, a new platform for funding and developing start-ups, social enterprises and the skills eco-system in India. In the past two decades, he has built two of India’s high-growth software services companies – Aptech and Zensar – almost from scratch to global success.