Romanian investment fund Fortech Ventures changes name to Nucleo Ventures, launches EUR 34 mln fund

Fortech Ventures, the investment arm of Fortech, one of the biggest Romanian providers of outsourcing services for software development, announced the transition of its identity to Nucleo Ventures on Tuesday, June 23.

The same day, the company announced the launch of a EUR 34 million investment fund developed in partnership with the North-West Regional Development Agency (ADR Nord-Vest). The latter also contributed EUR 23.5 million to the fund.