Chef's editorials

2024 Sum-up: A year full of big news. What drove the events in the Czech startup ecosystem last year?

by
Tom Cironis
January 23, 2025
The past year 2024 was truly fruitful in major announcements. There is a third Czech Unicorn, we witnessed big investment rounds of millions of EUR and Ondrej Bartos made it to the prestigious Midas List.

Remember all of these? Did we miss any other highlight? Let us know!

 

January

2024 started on a high note; we saw several remarkable investments, the three higlighlighting ones were above 10M EUR. First Better Stack became profitable and then closed their round, followed by Daytrip and their international Series B round. And then Rockaway X led by Viktor Fischer joined 21USD round to ZK Crypto.

Better Stack launches infrastructure monitoring, becomes profitable, and raises $10M to grow

Better Stack raises an additional $10M in funding from a leading European early-stage investor KAYA.

Czech based Global Travel Platform Daytrip Closes $10M Series B Round

Daytrip, a global travel platform providing private door-to-door car transfers in over 110 countries worldwide, announces the closing of a Series B investment led by Taiwania Capital.

ZK crypto-tech startup Ingonyama secures $21M in seed funding, from Rockaway X and others

Israel-based zero-knowledge technology startup Ingonyama raised $21 million in seed funding. The company hosts open-source libraries for zk proof acceleration with a longer-term goal of creating zk-focused semiconductors.

FEBRuary

The second month of the year was dedicated to MedTech related investments as Ezra raised 21M USD round, followed by Czech Mental Health Upheal securing 3.25M EUR and Powerful Medical who claimed 2.5M EUR grant from EIC and follow-on investment from EIC.

Ezra, an Innovator in Applying AI to MRI Scanning, raises $21 million to make Full Body MRIs more accessible

The latest investment brings Ezra’s total funding to $41 million, according to the vendor.

Czech healthtech Upheal secures $3.25M to streamline its clinical workflows

Prague-based healthtech startup Upheal has secured $3.25 million in a seed round led by KAYA VC, Credo Ventures, and Inovia Ventures.

Powerful Medical Secures €7.5M in Funding from EIC to Revolutionize Heart Attack Diagnostics with AI

Powerful Medical, a pioneering medical device manufacturer, proudly announces being selected to receive a €2.5 million grant and a follow-on €5 million investment from the European Innovation Council (EIC).

March

March was mainly about Unicorn as Czech Republic found its third one – MEWS at 1.1B valuation. Important moment not only for the Czech tech company but for the ecosystem itself. FinTech Flowpay raised 2.1M EUR and Credo Ventures joined US DefenceTech round to Picogrid. 

Czechia has a third unicorn: Mews raises €101.3M at €1.1B valuation to expand its cloud hospitality tech

Mews, a cloud-based property management system (PMS), announced that it has secured $110M (approximately €101.39M) in funding led by Kinnevik, with participation from Revaia, Goldman Sachs Asset Management, Notion Capital, and LGVP.

Czech fintech Flowpay, AI startup providing SME financing, raises €2.1M for expansion

Flowpay, a Czech fintech using predictive AI models, automation and Embedded Finance to help small and medium-sized enterprises (SMEs) access better operational funding, has raised €2,1 million in its seed round.

Czech Credo Ventures joins $12M seed round for US-based Picogrid

Picogrid, a US-based defense technology startup, has announced a $12 million seed round led by Initialized Capital. Giant Step Capital, Domino Ventures, Alumni Ventures, and the Czech VC fund Credo Ventures also participated.

APRIL

April was quite an international month from Czech VC ecosystem point of view, as Slovak ZAKA VC invested in Lime Tech, Ukrainian-founded Czech project Talsec raised 1M EUR and VC investors DEPO Ventures and Tensor Ventures saw their first exit of the year thanks to Neuronix AI.

Czech ZAKA VC invests an undisclosed amount in US-based BioTech Lime Therapeutics

ZAKA VC has announced its latest investment in Lime Therapeutics. The fresh funds will help the startup to create a new class of lipid-targeting medicines to combat cancer, cardiometabolic diseases, and neurodegenerative disorders.

Success in the Computing Power Battle: Czech Investors Tensor Ventures and DEPO Ventures Celebrate

Czech investors Tensor Ventures and Depo Ventures are selling their stakes in the American-Israeli startup Neuronix AI, where the Tensor fund held the largest share.

Ukrainian-founded Czech startup Talsec raises €1M to protect mobile apps

Czech Talsec, a startup offering specialized tools for app developers that protect against hackers, secured its initial investment of €1M (25M CZK).

MAY

Let’s stay with Tensor Ventures who were selected by EIF and became the first VC fund supported by the CZE National Recovery Plan. Speaking of VC funds; Credo Ventures, Purple Ventures and Tilia Impact Ventures invested 2.2M EUR to Delta Green and Behavio raised even 50k more; 2.25M EUR to democratize Brand marketing.

Tensor Ventures becomes the first VC Fund supported by the Czech Republic’s National Recovery Plan

The European Investment Fund has independently selected the investment company Tensor Ventures to manage the first venture capital fund financed by the Czech Republic's National Recovery Plan.

Czech Behavio raises €2.25M to democratize brand marketing

Behavio, a leader in behavioral brand measurement technology, has secured €2.25 million in late-seed funding from Amsterdam-based Airbridge Equity Partners.

DELTA GREEN SECURES €2,2 MILLION FROM TILIA IMPACT VENTURES, CREDO VENTURES AND PURPLE VENTURES

Delta Green announces the finalization of a significant investment totaling EUR 2,2 million in its energy tech startup.

JUNE

June was solely dedicated to the Czech VC funds, as KAYA closed their 5th fund, managing 300M AUM. Then Presto Ventures teamed up with Michal Strnad’s CSG to establish a brand new DefenceTech fund, and Purple Ventures closed their fund 2.

KAYA invests in Czech, Slovak, and Polish tech startups. They manage 300 million euros, have two unicorns, and are launching a fifth fund

KAYA are on the lookout for Czech, Slovak, and Polish entrepreneurs who see the future more clearly and are therefore primed to build successful companies.

Presto Ventures teams up with Michal Strnad’s CSG to invest €150 million in frontier technologies and security innovations

Venture capital firm Presto Ventures and Michal Strnad's industrial and technology group Czechoslovak Group (CSG) have launched an investment fund Presto Tech Horizons.

Purple Ventures 40 million Euro fund has launched. The first investments are aimed at smart energy and HR software

Purple Ventures 2, a venture capital fund aiming to invest 40 million EUR in early-stage startups over the next four years, is making its first investments.

JULY

ZAKA VC decided to clse their fund a month later, therefore their 15M EUR fund came in July. Two Czech startups Adam and RoboszieME raised their own funds.

Czech Startup Adam Raises €3M to Expand Beyond Europe and Launch New Trades

Adam, a Czech startup revolutionizing the way clients find reliable and available tradespeople, has secured €3 million in late-seed funding.

Unveiling ZAKA Fund I: 15M for bridging the US with the EU market

Operating from the vibrant startup ecosystems of Prague and London, ZAKA VC established its first fund sized EUR 15M and ready to support early-stage startups in US and EU.

Sophia-based BrightCap leads the Seed round in the Czech RoboszieME

The Bulgarian VC fund has led the seed investment round in RobosizeME, a Czech process automation specialist for the global hospitality industry in its first deal of a new Fund II.

AUGUST

August is a proper summer month but not in the Czech Republic. We witnessed an Exit – Czech Sewio, backed by Y Soft Ventures and JIC Ventures. And an investment by Yedem and their 500k EUR round.

Czech Sewio, backed by Y Soft Ventures and JIC, reports a successful exit

Sewio has been acquired by HID Global, the global leader in trusted identity solutions as well as in indoor location services.

Smart Parking & Ride Sharing platform Yedem disrupts the way people commute to work, raises € 500,000 EUR

One-passenger cars blocking the city traffic, hours spent on finding the spot on crowded parking lots around the office.

SEPTEMBER

Michal Smida who were a speaker during our #StartupCinema event just recently, joined Malcom Finance and Jaroslav Ton on their journey. Jet Investment by Igor Fait established their own VC fund and CZE&SVK Sloneek secured 3.6M EUR for an international expansion.

Twisto founder joins Malcom Finance as it expands its financial solutions for SMEs in logistics across Europe

Michal Šmída becomes Non-Exec Director as Czech fintech records triple-digit YoY growth and €165 million in financing issued.

Czech-Slovak HR startup Sloneek secures €3.6M for European expansion

Can a global solution for an overheated labor market or decreasing company productivity emerge from Central Europe? Yes, it can.

Jet Investment Launches Venture Fund with €50 Million Target for Industrial B2B Start-ups in Central Europe; First Commitment to Czech Start-up PARTORY

Jet Investment, a leading Central European investment firm, has announced the launch of Jet Ventures, a new venture capital fund targeting €50 million

OCTOBER

October has always been an event month. Brand new Czech Tech Week was established; with highlighting events ENGAGED Investments and Tech Happy Hours to drag an attention of the interntatinal VC ecosystem. And Lucie Bresova joined Presto Tech Horizons as a new Partner.

CZECH TECH WEEK: Tech Happy Hours presented more than 40 experts and speakers, winning startup came from Taiwan

Startups from all over the world competed in Prague for the favor of the jury and investors. However, the TECH HAPPY HOURS event also attracted attention with a number of famous speakers and discussions.

Lithuanian Startup Traxlo Wins Regional Finals of the Startup World Cup in Prague – Aims for Silicon Valley and the $1 Million Grand Prize

The Startup World Cup regional finals have crowned a new champion. Lithuanian startup Traxlo, with its platform “Tasku.app”

Presto Tech Horizons Welcomes First Portfolio Investments and a New Partner, Lucie Bresova

The Presto Tech Horizons investment fund welcomes its first three portfolio companies

NOVEMBER

Czech Republic desperately needed its own Startup Association and it finally arrived. Fingers Crossed! Upheal secured another investment round and one of the three Czech unicorns, Rohlik, was valued at 2B USD.

New Czech Startup Association is here to represent startups and investors in dialogue with politicians

The Czech Republic needs to significantly increase its support for startups and innovations. So far, however, it has not been possible to promote changes that would lead to this.

Mental Health Startup Upheal Secures €9.5M Series A

Upheal secures €9.5M to help reduce provider burnout and improve client outcomes with their AI-powered platform

Czech online grocer Rohlik valued at nearly $2 billion, document shows

Czech online grocer Rohlik Group's valuation has nearly doubled from three years ago to 1.85 billion euros ($1.95 billion), calculations from bond issue documents show.

DECEMBER

Ondrej Bartos made it to prestigious MIDAS LIST for the best VC investors of the year for the first time. And aslo as a first VC investor from CEE region, thanks to his bet on Ui Path. Exited Simona Kijonkova made her first investments and Slovak Photoneo announced their exit, right before Christmas.

Simona Kijonková invests in a startup Elin.ai which uses AI to protect the mental health of young people

Entrepreneur Simona Kijonková has embarked on another of the smaller projects she is implementing after her multi-billion exit from Zásilkovna.

The bet on automation paid off. Ondřej Bartoš from Credo Ventures is in prestigious MIDAS LIST

Ondřej Bartoš, founder of Credo Ventures, became the first investor not only from the Czech Republic, but also from Central and Eastern Europe

Slovak Photoneo is acquired by NASDAQ Traded US Zebra Technologies, making it an exit for Credo Ventures or AVAST founders

Zebra Technologies to Acquire Photoneo, Expanding Its Portfolio of 3D Machine Vision Solutions.

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