The purpose of City Funds managed by FOCUS VENTURES Capital Fund Management Ltd. is to finance companies that form the backbone of the economic operation in major Hungarian cities and in their agglomeration. The Fund provides local businesses with capital grants for the implementation of promising development and investment opportunities. The Funds are managed by FOCUS VENTURES Capital Fund Management Ltd. that is owned 100% by MFB Invest. The investor of the Fund is MFB Invest Zrt.
12-year term with 7-year investment period
A total of HUF 3 Billion
The average planned investment size is HUF 250 million
Applications are awaited from any industrial sector, provided that companies meet the funding requirements and the relevant EU requirements. Our focus areas in particular are:
Up to the value limit of HUF 50 million the Fund’s investments, exits and commitments to the target companies are decided by the CEO of FOCUS VENTURES on the recommendation of the three-member Investment Committee. In cases of reaching or exceeding the value limit of HUF 50 million decisions are made by the Board of Directors. Two members of the Investment Committee are appointed by the Municipality of Veszprém, the appointment of the third member is the right of the investor.