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Isari Ventures Launches a $5 Mln VC Fund Initiative to Invest in Georgian Startups

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BM.GE
28.10.22 19:20
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Isari Ventures is launched today as part of the Paulsen family European investment holding. Alongside globally active investment activity, the projects developed in Georgia over the past 20 years of operation in the country include Chateau Mukhrani, Georgian Wines and Spirits, Frixx and various real estate projects.

“Today we are establishing Isari Ventures to provide additional support for the fast-growing ecosystem of Georgian entrepreneurs bringing fresh thinking to the global challenges we are all facing. Isari Ventures will provide financial and strategic support to these enterprises and, using Isari’s network and resources, will help accelerate promising solutions regionally and beyond,” said Jean-Frédéric Paulsen, Director, and Board Member of Isari Ventures.

All investments will be aligned with Isari Ventures’ pursuit of innovative solutions with the potential to disrupt their industry sectors regionally and beyond. The initiative will focus on smart, creative, and resilient Georgian founders who are operating at a pre-product market fit stage. Isari Ventures has already invested in several startups to date. Among its most recent investments are PHUBBER (online fashion retailer), OMOFOX (digital freight forwarder) and KERNEL (digital accounting tools for SMB’s).

With over $5m of capital committed for the coming years, Isari Ventures now seeks to scale similar projects and ensure greater structure and agility in analyzing emerging innovative ventures of Georgian founders seeking capital, which align with Isari’s areas of expertise.