In a Nutshell
- Adam, a Czech startup aiming to modernize the way clients find reliable and available tradespeople, has closed a €3M late-seed funding round.
- Brighteye, an European EdTech VC, backs the startup’s future expansion plans.
- At the end of 2022, Adam received support from Czech Presto Ventures, which is their very first VC investor (with a €1M Seed).
Their Background Story
Adam’s platform focuses on providing customers with easy online access to reliable contractor services. It uses a transparent online calculator, which provides customers with an estimated job cost and enables them to request home-improvement services.
To date, the company has focused on painting services and apartment renovations. According to the company’s data, Adam boasts more than 15,000 completed jobs.
Adam now aims to extend their services beyond Europe and expand into additional construction trades.
In Their Own Words
“Undoubtedly, traditional craftsmanship is in need of modernisation. That said, no one has yet managed to solve all three decisive factors – quality, availability, and price – simultaneously. We decided to tackle this complex situation one trade at a time. Our vision is that one day you will be able to build an entire house through Adam,” shared Adam’s co-founder Roman Sysel.
Investor’s Perspective
The startup has impressed investors with their rapid and efficient growth, expanding, successful expansion into 11 European countries.
Ben Wirz, Founding Partner at Brighteye, shared: “We are excited to support Adam’s mission to modernize a traditional industry which has seen no change for decades. While providing their clients with a hassle-free experience, Adam also facilitates continuous training and professional development for the craftsmen, empowering these professionals to expand their services and improve their competitiveness.”
Roman Novacek, partner at Presto Ventures, which backed the company a year and a half ago added that “it’s remarkable to follow Adam’s success and the results they’ve achieved since the previous Presto investment – including their expansion into new countries and the launch of renovation and brick-masonry services. We’re certainly proud to be Adam’s first VC investor.”
