Czech Republic, one of the important countries in the CEE region, is on an upward trend when it comes to startups. In 2023, the Czech startups raised €173.1M, placing the country on the fourth place in terms of capital raised in Eastern Europe. However, in 2024, to date, their startups have raised approximately €217M, forecasting a total amount significantly higher than last year.
In this article, we will deep dive into the biggest funding rounds that influenced the Czech startup landscape. If parts of the information is incorrect or incomplete, please let us know at [email protected].
Rohlik
Latest round: €160M
Stage: Growth
Total funding: €698M
Investors: Index Ventures, EBRD, Quadrille Capital, TCF Capital, Sofina Ventures
Founders: Marek Sacha and Tomáš Čupr
Vertical: Retail
About: Rohlik is an online delivery company with operations in the Czech Republic, Hungary, Austria, Germany and Romania.
Mews
Latest round: €100M
Stage: Late VC
Total funding: €313M
Investors: Kinnevik, Notion Capital, Goldman Sachs Asset Management, RevaiaGS Growth Equity, LGVP
Founders: Richard Valtr and Matthijs Welle
Vertical: TravelTech
About: Mews is a property management system designed to simplify and automate all operations for modern hoteliers and their guests.
Omnetic
Latest round: €100M
Stage: Growth
Total funding: €100M
Investors: Kartesia, CVI
Founders: Jakub Šulta, Pavel Svoreň, and Petr Kratochvíl
Vertical: LogTech
About: Omnetic is a dealership management system for automotive professionals.
BetterStack
Latest round: €9M
Stage: Early VC
Total funding: €26M
Investors: Aaron Levie, KAYA VC, Kulpreet Singh
Founders: Veronika Kolejak and Juraj Masar
Vertical: Enterprise SaaS
About: BetterStack is providing DevOps observability solutions for developers.
Daytrip
Latest round: €9M
Stage: Series B
Total funding: €17M
Investors: Euroventures, J&T Ventures, Taiwania Capital, N1 Ventures
Founders: Tomáš Turek, Markéta Bláhová, Valeriia Pshenychna, Jan Prokop, and Jiří Sváček
Vertical: TravelTech
About: Daytrip provides private door-to-door car transfers.
Adalid Science
Latest round: €7.9M
Stage: Seed
Total funding: €7.9M
Investors: BTL Industries
Founders: Klara Grantz Saskova, Petr Cigler, Frantisek Sedlak, David Schreib
Vertical: HealthTech
About: Adalid Science is an advanced drug delivery system for genomic medicine, utilizing innovative lipid nanoparticles (LNPs).
Worldee
Latest round: €4M
Stage: Early VC
Total funding: €4.5M
Investors: Kaiperi Venture Capital, Radim Smička
Founders: Tomáš Zapletal and Tomas Nakladal
Vertical: TravelTech
About: Worldwee provides an online platform where users can present pictures of their travels in albums.
Green Future
Latest round: €3.9M
Stage: Early VC
Total funding: €3.9M
Investors: undisclosed
Founder: Michal Pivrnec
Vertical: CleanTech/DeepTech
About: Green Future develops a technology that transforms plastic into oil.
Adam
Latest round: €3M
Stage: Seed
Total funding: €4M
Investors: Brighteye Ventures, Presto Ventures, Markus Villig
Founders: Roman Sysel and Jakub Dvorak
Vertical: Market Place
About: Adam is connecting consumers with painters and decorators.
Upheal
Latest round: €3M
Stage: Seed
Total funding: €4M
Investors: Inovia Capital, Credo Ventures, KAYA VC
Founders: Martin Horváth and Juraj Chrappa
About: Upheal is a platform for mental health clinicians.
Other notable rounds of Czech startups are: Apify (€2.8M), Choice (€2.3M), Delta Green (€2.2M), Behavio (€2M), Flowpay (€2M), SprayVision (€1.8), Product Fruits (€1.5M), Talsec (€1M).
