Pioneers Ventures: Cloudo becomes first investment
Pioneers Ventures is our investment arm at Pioneers. We officially launched the fund at Pioneers Festival 2015. Today, we are excited to announce the signing of our first investment:
Cloudo, the Bratislava based startup enables you to increase your productivity when searching and organizing your stuff online. We are more than proud that Cloudo becomes the first member of the Pioneers Ventures family.
“New funding is crucial in such an early stage of the company. However, at the end of the day, the decisive factor was that Pioneers Ventures provides far more than money. Access to a large network of experts along with a strong US-connection and support in future fundraising rounds will enable us to build the best possible product,” says Ondrej Prostrednik, founder and CEO at Cloudo.
Ondrej had previously built Cloud Fender — also a product in the space of “cloud productivity” — and had taken part in an MIT accelerator program after only a month of starting up and participated in the Pioneers Challenge. Nonetheless, Cloud Fender was shut down last year. Sure enough, startups fail. We find it rather impressive for a founder to again embark on the same long and winding road. Ondrej and his team are now applying the lessons they learned building Cloud Fender. We are optimistic that this will be a solid foundation to make their new baby successful.
“In Cloudo we found the perfect first partner for our fund. Three things convinced us: first, the ambitious team and their experience in the given field. Secondly, the fact that the market for productivity tools shows a lot of growth potential and thirdly the product itself. We are convinced that we can contribute our share to accelerating Cloudo’s success,” Philipp comments the signing of our first deal.
“As for the strategy of the fund,” Markus says, “founder-friendly terms, quick execution, and a clear focus on the best founding teams will continue to be our approach. Overall, we are planning ten to twelve investments per year with an average ticket size of EUR 100,000. We focus on European early stage tech companies with digital business models.”
If you are interested and think that Pioneers Ventures will be a valuable partner — whether you are investor, tech-corporate who wants to co-invest or a startup in the process of fund raising — get in touch:
Markus Lang | Investment Manager
firstname.lastname@example.org | +43 (0) 664 115 13 22
Cloudo is a Slovak startup operating in the field of productivity services. Cloudo enables fast integration of multiple cloud services in an easy to use interface. It simply works with the apps that you use every day: Dropbox, Google Drive, Asana, Gmail, Trello, Slack, Evernote, GitHub, and many more. Download, test it, use it, and send us feedback.
Pioneers Ventures is Pioneers’ pre-seed investment vehicle empowering startups with our global network of corporates, industry experts, and entrepreneurs. Besides the financial component PV provides startups with an extensive support program.