Largest Venture Capital Fund Invests Millions in Georgian Startups

22 November, 2021

Catapult VC, one of the largest American venture capital funds, will create a 50 million Catapult Georgia One fund in Georgia to finance Georgian startups, said Economy and Sustainable Development Minister Natia Turnava.

Catapult is a venture capital platform that specializes in investing in technology centers outside of Silicon Valley. Over 15 years, the fund has invested more than $ 220 million in more than 100 companies specializing mainly in e-commerce, software services and artificial intelligence, as well as robotics.

The decision on the presence of an American investment fund in Georgia was made after a meeting between Prime Minister Irakli Garibashvili and Jonathan Tower, founder and managing partner of Catapult Ventures.