Czech VC Orbit Capital Closes $112M Growth Debt Fund II

·
Listen to this article~4 min

Orbit Capital closes Growth Debt Fund II at $112M, surpassing its target. The Prague-based VC firm strengthens its position as a leading venture debt platform in CEE, with backing from the EIF and other key LPs.

Orbit Capital, a venture capital firm based in Prague, has announced the second closing of its Growth Debt Fund II at $112 million (€107 million). This milestone surpasses the fund's initial target and solidifies the firm's position as a leading venture debt platform in Central and Eastern Europe (CEE). ### Key Backers and Milestones Anchor limited partners (LPs) in the fund include the European Investment Fund (EIF), Rentea, Ceska Sporitelna/Erste, and Conseq. There's also an allocation from PFR Ventures. So far, Orbit Capital has supported over 20 companies through its growth capital initiatives. This second close follows the fund's first close of $73 million (€70 million) in June 2025, as reported by EU-Startups. "As companies mature, they need smart and flexible financing that preserves equity," notes Radovan Nesrsta, Partner at Orbit Capital. "We provide the strategic runway they need to scale efficiently." ### A Broader European Funding Landscape Orbit Capital's $112 million second close comes against a 2026 funding backdrop where specialist capital providers, venture funds, and debt-linked financing platforms have continued to raise capital across Europe. Relevant examples from this year include: - Warsaw-based Montis VC's $52 million first close, also backed by PFR Ventures and EIF - Paris-based SlateVC's $138 million growth fund first close - London-based Osney Capital's $72 million final close There are also several credit or venture-debt-linked financings, including InSoil's $126 million facility, BioLamina's $21 million EIB venture debt, Optics11's $26 million EIB venture debt, BCAS's $31 million debt round, equipal's $20 million combined facility, and 9fin's $155 million Series C for debt-market infrastructure. Together, these comparable 2026 announcements amount to approximately $640 million in disclosed capital. ### Why Venture Debt Matters for Growth "At growth stages, access to debt financing can significantly accelerate expansion while limiting dilution for founders," adds Bartlomiej Samsonowicz, Investment Director at PFR Ventures. "Orbit Capital's track record and deep understanding of the regional technology ecosystem make them a strong partner in supporting the next generation of CEE technology leaders." ### About Orbit Capital Founded in 2019, Orbit Capital is a growth-stage investor managing over $210 million in AUM through venture debt and growth equity vehicles. The firm focuses primarily on technology leaders in CEE, but also actively pursues opportunities across the DACH region and broader European markets. ### Fund II Investment Criteria Fund II targets post-Series A technology companies with at least $3 million in revenue and minimum 30% year-over-year growth. With tickets ranging from $3 million to $16 million, the capital supports international expansion, acquisitions, working capital, and capital expenditures. The fund has already begun deploying capital, with five investments so far, including Czech startups Sloneek and IAG, as well as Polish startup Talkin' Things. Other Orbit Capital portfolio companies include category leaders and unicorns such as Preply, Booksy, MEWS, Rohlik, CloudTalk, ThreatMark, Boataround, and Jutro Medical. "We decided to invest because there are few players in CEE who are as experienced as Orbit in venture debt," says Jaroslav Baier, Partner at Havel & Partners. "Apart from that, we see potential in venture debt as a financial product, as the role of startups and scale-ups will grow in all CEE economies."

📌 Worth Reading Next