Pre-seed + investment program
Targeted companies
The Pre-seed+ program supports only those startups that have already received pre-seed 9 million HUF investment from Hiventures. We expect the startups to fulfill the milestones that were set for the pre-seed phase before applying for the pre-seed+ program.
The type and volume of the program
The program provides a maximum 30 million HUF (~97.000 EUR) convertible loan that will convert into equity at the next investment round (at the pre-money valuation of the next investment round).
Details of the pre-seed plus program:
- Amount: maximum 30 million HUF (~97.000 EUR) in the form of convertible loan
- Interest: 0%
- Discount rate: 25%
- Valuation cap (sets the maximum price that the loan will convert into equity): 500 million HUF (~1,6 million EUR)
- Deadline of conversion: 24 months
- Only those startups can apply who already received a pre-seed investment from Hiventures
Project evaluation criteria
- innovation content and competitive advantage of the product / service
- business plan justification
- the experience and track record of company owners
- team structure
- market size, saturation and competition
- fulfilled milestones and how the 9 million HUF investment was utilized
