Zero One Hundred, a VC firm focused on startup investments in Bratislava, Prague, and Cyprus has announced plans to significantly expand its operations and invest €60 million (~$64 million) in young, innovative companies from Central and Eastern Europe over the coming years, through its second fund.

The company's first fund, Zero Gravity Capital fund, established three years ago, has already invested €23 million (~$24 million) in a number of promising startups, including proptech startup Reado, an iERP project that improves sales predictions, Powerful Medical, which reads ECG records, and Simplicity, which facilitates communication between cities and citizens and is officially used by metropolises such as New York and Miami. Additionally, it also has the Czech "financial antivirus" Patron in its portfolio.

With the launch of its second, larger fund, Zero One Hundred will focus on investing in early-stage companies ranging from pre-seed to series A, with a particular emphasis on those that demonstrate strong growth potential and global reach, according to local tech site Czechcrunch. In addition to direct investments in startups, a portion of the funds will be invested in venture capital funds operating in the Central European region.

The fund is led by three experienced partners: Duffek, Vít Hanuš, and Michal Csonga, who bring a wealth of business experience, a wide network of foreign contacts, and a thorough analytical approach to evaluating investment opportunities to the table.