Prague-based AI Startup Incubator (AISI), an early-stage investor focusing on startups implementing AI technology, announced that it has launched a new fund named Look AI Ventures (LAIV).
LAIV is the first investment fund in the Czech Republic dedicated to AI startups. The fund wants to raise €20M in order to back startups that are tackling big markets with AI-driven solutions.
Since 2017, AI Startup Incubator has aimed to enable ambitious teams to realize their business goals and utilize the power of AI.
While working with AISI, every startup’s demands are taken into account, which also provides the portfolio firms with commercial and technical AI experience in addition to finance.
In the last five years, AISI has developed its own scouting network, special evaluation techniques, and procedures created especially for the AI sector.
As of now, the firm has added nine AI startups to its portfolio by investing in the pre-Seed and Seed stages with the potential for the development and use of AI technology in important areas.
AISI partners decided to create a fund of competent investors due to a growing number of lucrative investment possibilities in AI. With an emphasis on the CEE area, their goal is to spotlight innovative AI projects in the European market.
LAIV fund was founded by Daniel Kunz, Pavel Rosendorf, and Alexander Brányik, who are also prominent Czech investors with more than 20 years of combined experience.
The LAIV Investment Committee members that oversee the investment scouting and review procedures are AISI partners Martin Havlk, Martin Dostál, and Angelo Burgarello.
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