Search for...

Top 10 Largest Funding Rounds in the Czech Republic in H1 2023

czech republic funding rounds
~

Halfway through 2023 and following the global trends of economic downturn and more cautious investments, ecosystems are recording a decline in startup funding. In the first quarter, European startups secured a funding total of $10.6 billion, experiencing an 18% decrease compared to the previous quarter and a significant 66% drop from the same period last year.

However, according to available sources, the Czech Republic also recorded over three dozen new funding rounds despite the trends. The Recursive now brings you an overview of the largest Czech Republic funding rounds in 2023.

 

This article is part of the CEE milestones mapping series. More will follow soon. Discover the 10 largest tech funding rounds of disclosed amounts in the Czech Republic in H1 2023 up to date. Please, feel free to contact us with updates or investments we should add to the list: [email protected]

 

Top 10 Czech Republic funding rounds: H1 2023

1. Woltair

Funding: €20.5M

Round: Series A

Investors: The Westly Group, Fifth Wall, KAYA VC, Inven Capital, ArcTern Ventures

Founders: Daniel Helcl, Karel Náprstek, Jiří Švéda

Vertical: Energy tech

About: Woltair specializes in selling, installing, and servicing power and heat solutions, including heat pumps and photovoltaics, in Europe. Founded in 2018, Woltair belongs to one of the most notable Czech startups.

 

2. Neuron Soundware

Funding: ~ €6.7M

Round: Grant

Investors: Technology Agency of Czech Republic, Horizon 2020

Founders: Pavel Konečný, Petr Černohorský, Tomáš Vacek

Vertical: Manufacturing

About: Neuron Soundware is an AI and IoT deep tech startup using audio analysis to identify machine malfunctions. Their detection system identifies failures and abnormal machine behaviors through sensor-based audio data collection and automated evaluation to prevent production disruptions.

 

3. GoodVision

Funding: €2.7M

Round: Venture round

Investors: Lead Ventures, Credo Ventures, Sofia Angels Ventures

Founders: Daniel Štofan, Lukáš Hrubý

Vertical: Transportation

About: The London and Prague-based startup GoodVision enables transport surveyors and modelers to significantly boost their traffic data analytics productivity. Their B2B SaaS platform automates traffic data collection from the current camera infrastructure. It offers deep traffic analytics for the precise calibration of traffic models.

Read more:  Yotpo is now a unicorn with Bulgarian SMSBump as its fastest-growing portfolio product

 

4. MIWA

Funding: €2.7M

Round: Grant

Investors: European Innovation Council

Founders: Petr Baca

Vertical: Sustainability

About: MIWA provides a comprehensive retail solution focusing on sustainably selling goods by minimizing single-use packaging. Their approach centers around a circular economy strategy that utilizes smart technology and reusable containers.

 

5. Filuta AI

Funding: ~ €2.4M

Round: Pre-seed

Investors: Nation 1, European Innovation Council, SPM Invest, Czech Founders VC

Founders: Filip Dvořák, Martin Dousek

Vertical: Industry-agnostic – AI automation

About: Filuta is a B2B SaaS platform that empowers the development of Composite AI solutions using self-supervised learning and automatic symbolic domain synthesis techniques. It oversees and handles intelligent automation services throughout the entire life cycle.

 

6. Hedepy

Funding: €2.15M

Round: Unspecified

Investors: Nation 1, Purple Ventures, RSJ, Leoš Navrátil

Founders: Lukáš Krčil, Martin Zdražil, Roman Zámečník

Vertical: Healthcare

About: Startup Hedepy is a health application that offers remote, accessible, convenient, and unbiased psychotherapy services to individuals through video calls.

 

7. Product Fruits

Funding: €1.6M

Round: Seed

Investors: Leverage, Venture to Future Fund, Lighthouse Ventures

Founders: Karel Papík, Ladislav Šalom

Vertical: Enterprise

About: Product Fruits develops a user onboarding platform empowering businesses with higher user retention, growth, and revenue by creating effortless onboarding processes.

 

8. VOS.Health

Funding: €1.5M

Round: Seed

Investors: Soulmate Ventures, Reflex Capital, Purple Ventures, MITON

Founders: Jiří Diblík, Ondřej Kopecký

Vertical: Healthcare

About: The health tech startup VOS presents a personal well-being AI-powered mental health and community-based platform providing quality, science-based educational content, and support. The startup also developed a B2B version for organizations to promote employee well-being at the workplace.

 

9. GoodAccess

Funding: ~ €1.3M

Round: Unspecified

Investors: Nation 1, Fazole Ventures

Founders: Michal Čížek, Jiří Hromádka, Martin Čížek, Miroslav Mandel

Vertical: Cybersecurity

About: GoodAccess is a cybersecurity platform that enables businesses to effortlessly enjoy zero trust’s security advantages. Working as a cloud VPN, the startup allows users to securely connect to digital resources whenever and wherever they need to.

Read more:  From concept to MVP: How BeAI pre-accelerator assists deep tech startups

 

10. Readmio

Funding: €1.1M

Round: Seed

Investors: ZAKA VC, Zero Gravity Capital, DEPO Ventures

Founders: Jozef Šimko, Rado Rajčan, Ilya Novodvorskiy

Vertical: Education

About: Readmio is a storytelling app for kids that enhances the reading experience by adding appropriate sounds using voice recognition technology. The startup provides over 200 stories in English, Czech, and Slovak languages.

Tags:

Help us grow the emerging innovation hubs in Central and Eastern Europe

Every single contribution of yours helps us guarantee our independence and sustainable future. With your financial support, we can keep on providing constructive reporting on the developments in the region, give even more global visibility to our ecosystem, and educate the next generation of innovation journalists and content creators.

Find out more about how your donation could help us shape the story of the CEE entrepreneurial ecosystem!

One-time donation

You can also support The Recursive’s mission with a pick-any-amount, one-time donation. 👍