ESPIRA Investments holds first close

The Prague-based firm will target Central European SMEs.

ESPIRA Investments held a first close of an undisclosed amount on its debut growth equity vehicle.

ESPIRA Fund I, which has a target size of €30 million, will make growth capital investments in small and medium enterprises in Central Europe.

According to the firm’s press release, ESPIRA plans to invest in bitesizes of €1 million to €3 million across multiple sectors, including consumer goods, manufacturing and business services, in companies with gender-balanced management teams.

Horizon 2020 and the European Fund for Strategic Investments have backed the Prague-based firm.