Only have 1 minute? Here are 3 key takeaways:
- Better Stack, a Czech company, focused on providing DevOps observability solutions, secured $10M funding from European early-stage investor KAYA.
- Founded in 2021, Better Stack is now used by more than 200K developers and 4,000K customers, according to their data, with offices across the CEE region, the UK, and the US.
- The company was previously backed by KAYA, among other investors such as Creandum, Susa Ventures, K5 Global, Credo, and Lachy Groom.
Better Stack, a Czech company which aims to help developers with observability solutions with collaboration tools, raised $10M in funding for future growth and expansion from the European early-stage investor KAYA. According to the Global Innovation Index 2023 report, the Czech innovation ecosystem ranked 19th in Europe, taking 2nd place in the CEE region after Estonia.
Better Stack is a platform, providing DevOps solutions for monitoring, logging, and incident management from multiple data sources. It introduces collaborative dashboards to transform infrastructure monitoring. Specifically designed for engineering teams, the platforms aim to utilize SQL for data querying.
The company, founded in 2021 by Veronika Kolejak and Juraj Masar, both with computer science background, now has an international team across Thе Czech Rеpublic, Slovakia, and Romania, but also in the US, UK, Canada, Colombia, Netherlands, and Rwanda. The company signified rapid growth for the past three years, and as of 2024, Better Stack is used by more than 200K developers and 4,000K customers, according to their data.
Better Stack was previously backed by Creandum, KAYA, Susa Ventures, K5 Global, Credo, and Lachy Groom among others, raising 18.6 million dollars in its Series A in 2022. The startup became profitable last year while preserving its previous funding.
KAYA, a venture capital firm based in Prague, invests in founders from Central and Eastern Europe (CEE), predominantly Thе Czech Rеpublic, Poland, Slovakia, and their diasporas. Previously, the VC firm has backed early-stage startups, such as AhoyConnect, and Masters, which thеy already exited.
Tomas Obrtac, General Partner at KAYA added: “The Better Stack team understands the inner workings of modern engineering teams better than anyone else. Their product is an obvious choice for fast-moving companies.”
