Central and Eastern European international locations, together with the Czech Republic, have been in the highlight of early-stage enterprise capitalists for some time now. Moreover, throughout the previous 5 years, the acknowledged potential of the growing native tech and innovation surroundings made CEE considered one of Europe’s fastest-growing areas for enterprise capital funding.2021 introduced a record-breaking VC ecosystem progress that greater than doubled the overall variety of European tech unicorns, on account of the pandemic and a rising urge for know-how innovation. The enterprise capital growth has been, nonetheless, hit by the worldwide financial downturn of 2022, resulting in progressively dropping European early-stage investments all year long regardless of their spike in Q1, Dealroom studies.With the rising feeling of uncertainty this yr, it is just pure for VC funds in Czech Republic to change into extra cautious concerning the selection and quantity of their investments, which presents a bonus to the decrease, early-stage funding rounds. The Czech Republic has additionally recorded a number of milestones in 2022, together with constructing its second unicorn and opening a number of new funds.Getting an actual grasp of the funding alternatives the Czech Republic affords could also be significantly difficult for first-time-raising founders. To introduce the Czech investor surroundings and make the preliminary course of much less overwhelming, The Recursive has created an inventory of 20+ early-stage VC funds in Czech Republic you need to know earlier than your first fundraising. This article presents solely the start of mapping out the early-stage traders in The Czech Republic. Please, be happy to contact our newsroom with updates or firms we must always add to the record: [email protected] List is in alphabetical order. Top VC funds in Czech Republic on your early-stage startup 1. Credo VenturesArea focus: CEE areaIndustry focus: IT, Internet & HealthTicket dimension: as much as €5MGeneral companions: Ondřej Bartoš, Guillaume Fournier, Maciej Gnutek, Karolína MrozkováNotable investments: Productboard (unicorn), UiPath (exit)Credo Ventures focuses on pre-seed to seed startups, managing €250 throughout their 4 funds. The VC is at present investing out of its fourth fund of €75M, opened in 2022 and backed by particular person and institutional LPs. They look to assist firms from their thought stage to the early indicators of product market match. 2. DEPO VenturesArea focus: CEE and the Baltic areasIndustry focus: AgnosticTicket dimension: UndisclosedManaging companions: Michal Ciffra, Petr ŠímaNotable investments: Tatum, BoltDEPO Ventures is an angel community and VC which focuses on pre-seed & seed stage tech startups. In 2022, DEPO Ventures opened its third and largest angel fund in the CEE, aiming for €20M. They have invested over €10M, and, moreover funding, additionally speed up and assist founders on their journey. 3. Fazole VenturesArea focus: CEE and Baltic areasIndustry focus: B2B, Utility, Banking, Transportation, Retail, Smart City, TelcoTicket dimension: €50-800KManaging accomplice: Pavel PřikrylNotable investments: Whalebone, datasapiensFazole Ventures seeks to assist modern folks succeed in transferring the world ahead utilizing their very own assets. They assist early-stage firms from the seed stage by offering startups with funding and extra assist in growing their enterprise. 4. Impulse VenturesArea focus: CEE areaIndustry focus: B2B, SaaS, Tech, Cybersecurity, e-CommerceTicket dimension: €500K-2MManaging accomplice: Ondřej TomekNotable investments: Kiwi (exit), Mall.cz (exit)Impulse Ventures companions with bold founders at seed, Series A & past. As a crew of traders, founders, HR specialists, and finance and product specialists, they’re able to work alongside the founders. Over the previous decade, the VC has efficiently constructed and exited firms with a mixed worth of over €650M. 5. J&T VenturesArea focus: CEE & SEE areasIndustry focus: FinTech, PropTech, Retail, IoT/IoE, and Industry 4.0Ticket dimension: €500K-2.5MManaging accomplice: Adam KočíkNotable investments: Talkbase, YieldigoJ&T Ventures is an early-stage enterprise capital fund that invests in promising seed and Series A startups. While their technique is business agnostic, they primarily concentrate on firms with confirmed product market match. The VC at present manages a fund of €50M. 6. KAYA VenturesArea focus: CEE areaIndustry focus: FinTech, PropTech, Retail, IoT/IoE, and Industry 4.0Ticket dimension: €100K-3MGeneral companions: Pavel Mucha, Tomáš Pacinda, Martin Rajcan, Tomáš ObrtačNotable investments: Rohlik.cz, Twisto (exit)KAYA Ventures‘ mission is to assist distinctive founding groups that form industries and create enduring change sustainably, from studio tasks, pre-seed, and Series A to follow-ons. KAYA was born from a monetary group Enern Investments, representing a separate, VC-focused successor with a modern fund of over €70M backed by LPs, together with the EIF and several other profitable entrepreneurs. 7. KOOPEO VenturesArea focus: CEE areaIndustry focus: e-Commerce, Mobile, Internet, Affiliate Marketing, FinTechTicket dimension: €100-500KManaging companions: Petr Špaček, Libor Daněk, Vladimír ŠťastnýNotable investments: Precismo, KeyguruKOOPEO Ventures is an funding firm targeted on rising tasks with the potential for top income progress and firm worth. They make investments their very own cash and are a part of a wider group established in 1995. 8. Lighthouse VenturesArea focus: EuropeIndustry focus: AgnosticTicket dimension: as much as €2.3MManaging accomplice: Michal ZálešákNotable investments: PEKAT VISION (exit), AhoyConnectLighthouse Ventures is an early-stage and acceleration enterprise capital targeted on know-how tasks with a world imaginative and prescient. Lighthouse Ventures’ mission is to nurture inspiring tasks that create sturdy worth for the Czech Republic all through their important stage. The crew manages a portfolio of worth €28M (early 2022). 9. Look AI Ventures and AI Startup IncubatorArea focus: EuropeIndustry focus: AI, AgnosticTicket dimension: €50K-1MManaging accomplice at AI Startup Incubator: Martin HavlíkNotable investments: Trackbar, MotionsCloudLook AI Ventures (LAIV) is the primary funding fund in the Czech Republic that focuses completely on AI startups worldwide. LAIV follows up on the muse and funding performed by AI Startup Incubator (AISI), offering pre-seed and seed startups with sensible cash. In This autumn 2022, AISI turned a subsidiary of the LAIV fund and merged its current portfolio, experience, assets, scouting, and analysis processes into the brand new fund construction. 10. MitonArea focus: CEE areaIndustry focus: B2CTicket dimension: UndisclosedManaging companions: Tomáš Matějček, Milan Zemánek, Ondřej Raška, Michal JirákNotable investments: Rohlik.cz, GlamiMiton builds its philosophy on belief, respect, and collaboration. They make investments their very own cash and concentrate on modern digital B2C firms that assist enhance folks’s lives, establishing companies in cooperation with the founders or becoming a member of them in the early improvement section. Miton’s portfolio is at present valued at €450M. 11. Nation 1 VCRegion focus: Czech Republic, CEE areaIndustry focus: FinTech, InsurTech, AI, BuyerTech, e-Commerce, TravelTicket dimension: €50K-1.5MManaging companions: Marek Moravec, Jaroslav TrojanNotable investments: VRgineers, PealockNation 1 empowers Czech entrepreneurs in constructing world firms and focuses on investments in pre-seed and seed-stage startups. They goal to change into a enterprise investor in addition to a accomplice. Nation 1 VC launched a €35M fund in 2019, primarily backed by EIF. 12. Presto VenturesArea focus: EuropeIndustry focus: B2B, TechTicket dimension: as much as €3MManaging accomplice: Přemysl RubešNotable investments: Cloudtalk, YieldigoPresto Ventures‘ mission is to empower CEE expertise for quicker progress, supporting startup founders in fast studying, enterprise improvement, and progress. They concentrate on pre-seed and seed investments. Presto Ventures closed its second fund of €30M in 2022, backed by non-public traders, together with entrepreneurs and household places of work. 13. Purple VenturesArea focus: AgnosticIndustry focus: Tech, AgnosticTicket dimension: €200-500KManaging accomplice: Jan StaněkNotable investments: VRgineers, TatumPurple Ventures invests sensible, form cash into early-stage tech startups with preliminary income and world ambitions. They are a family-office kind of VC aiming to accomplice with pre-seed and seed startups and funds across the globe. 14. QQ CapitalArea focus: AgnosticIndustry focus: Tech, AgnosticTicket dimension: UndisclosedNotable investments: Staffino, EseyeQQ Capital is an funding firm serving to firms at their pre-seed and seed levels to develop and discover new traders or strategic companions. They search investments and co-investments to assist tech firms with distinctive potential and assist form a method for enterprise progress. 15. Reflex CapitalArea focus: AgnosticIndustry focus: AgnosticTicket dimension: UndisclosedManaging accomplice: Ondřej FrycNotable investments: ePojisteni.cz (exit), Productboard (unicorn)Reflex Capital is an early-stage investor backed by the crew’s years of expertise in administration, e-Commerce, analysis, or funding, and different areas, with a number of million-dollar exits. Reflex Capital bases funding choices on instincts and figuring out the precise folks. They make investments their very own cash and, as entrepreneurs themselves, concentrate on serving to their founders develop concepts and personalities. 16. Rockaway CapitalArea focus: CEE, DACH, Balkan areasIndustry focus: e-Commerce, e-Travel, Media, FinTech, and BlockchainTicket dimension: UndisclosedCEO: Jakub HavrlantNotable investments: Productboard (unicorn), BudgetBakersRockaway Capital group opened and have become one of many fundamental traders of their new Rockaway Ventures fund in 2022, focusing on a dimension of €100M. Their focus is totally on early-stage startups digitalizing conventional industries whereas following ESG (Environmental, Social, Governance) ideas. The present worth of their portfolio is €139M. 17. Tensor VenturesArea focus: CEE area, UKIndustry focus: AI, IoT, Blockchain, BioTech, Quantum ComputingTicket dimension: as much as $2MManaging companions: Martin Drdul, Roman Smola, Petr UlvrNotable investments: Tatum, Veracity ProtocolTensor Ventures is an invitation-only, new-generation enterprise capital fund investing in Deep Tech and sustainable innovation startups at seed to Series A levels. They supply an lively funding method, distinctive alternative sourcing, and environment friendly administration. They at present make investments from their second fund. 18. UP271Region focus: Czech Republic, EuropeIndustry focus: AgnosticTicket dimension: UndisclosedManaging accomplice: Petra CihlářováNotable investments: Spaceflow, NutritionProUP271 invests in firms and startups from numerous industries united by the need to have a optimistic world impression. UP271 continues the historical past of UP21 and Byznys 21 firms. They have invested almost €40M in their tasks, offering them with an extra hands-on method from the start. 19. Y Soft VenturesArea focus: CEE areaIndustry focus: B2B, IoT, Cybersecurity, Big Data & Analytics, Augmented & Virtual RealityTicket dimension: UndisclosedManaging accomplice: Miloš SochorNotable investments: Dronetag, VRgineersY Soft Ventures is a company arm of a multinational Czech {hardware} & software program firm Y Soft, investing in individuals who construct modern B2B startups with world potential. They present their portfolio firms with capital, assets, and experience to speed up their entry into world markets. 20. ZAKARegion focus: DACH, Baltics, CEE areasIndustry focus: AgnosticTicket dimension: UndisclosedCEO: Natalia MikusovaNotable investments: GitGut, ReadmioZAKA is a household enterprise home backing pre-seed and seed firms utilizing non-public cash. Having already invested over €30M, they concentrate on long-term assist of over 12 years as they don’t have a typical fund construction and funding intervals.
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VC Funds in Czech Republic: Top 20+ Early-Stage VCs
