In today’s business, more and more companies are in need of capital to preserve and expand their business. Although there are traditional ways of financing companies, venture capital funds are increasingly appearing, offering their knowledge, experience and networking in addition to capital. Venture capital funds seek to support selected companies in order to enable them to grow and develop and increase their value, all in order to achieve investment return, ie a certain rate of return for the fund's participants. As the name suggests, venture capital funds differ from other forms of investment in terms of risk, investors in funds, duration and approach in which they are actively engaged in the target company. The subject of this thesis is the analysis of venture capital funds in the Republic of Croatia and the way in which the value of companies increases with the entry of venture capital funds into the ownership structure. The purpose of the analysis is to determine the situation before the takeover of the venture capital fund and the situation after the company was sold to a strategic partner. In addition to the above analyzes, the company is valued using the discounted cash flow method in order to determine the estimated fair value at the time of sale, ie the increase in the value of the company. Scientific and professional literature (domestic and foreign), databases, financial reports and Internet sources are used as secondary data sources. The paper uses scientific research methods such as description, comparison, analysis, synthesis, induction, deduction and classification. Mathematical methods using mathematical logic, operations and formulas were used in data analysis. The fundamental contribution to the work is manifested in the understanding of the venture capital fund industry and the creation of new company value. The research of this paper can serve the academic community as a basis for further research in the field of venture capital funds.