Orbit closes €107M CEE venture debt fund
Orbit Capital closed a €107M growth debt fund to provide non-dilutive financing for post-Series A technology companies in Central and Eastern Europe.
Scaleup financing is not only about bigger equity rounds. Venture debt is becoming part of the toolkit for companies trying to grow without giving away more ownership.
What happened
CEE investor Orbit Capital closed its second Growth Debt Fund II at €107M, above its initial target.
The fund will provide €3M–€15M in non-dilutive financing to post-Series A technology companies with at least €3M in revenue and 30% year-on-year growth.
Why it matters
For founders, venture debt can extend runway, fund expansion or bridge growth milestones while limiting dilution. That matters especially in markets where large equity rounds are harder to raise or come with tougher terms.
Orbit’s fund is also a regional signal: Central and Eastern Europe needs more scaleup financing options if its strongest startups are going to grow without immediately relying on Western European or US capital.
The bigger picture
European startup financing is becoming more diversified. Equity still matters, but debt, public funds and growth vehicles are becoming more important as companies mature.
Orbit’s fund shows how the CEE ecosystem is building more financial infrastructure for scaleups, not just seed-stage company formation.