In the second half of 2024, the Czech startup ecosystem managed to raise over €50M for (for recorded and reported amounts). There was saturation of late-seed rounds closed by a couple of startups with a focus on expansion.
In 2023, Czech startups secured €173.1M in funding, ranking the country fourth in Eastern Europe for capital raised.
In the first half of 2024, the Czech innovation ecosystem has attracted around €217, with Rohlinik contribution with the biggest funding round for a Czech company, totaling €160M. For the whole 2024, the total amount would be €264.5M for the recorded rounds so far.
This article is part of the CEE funding mapping series. Please feel free to contact us if we missed something: [email protected].
Below, you can find all the reported funding rounds with announced amount in Czech Republic for tech ventures in H2 2024:
1. E2B
Latest round: €10.6M
Stage: Seed
Investors: Alessio Fanelli of Decibel Partners, KAYA VC
Total funding: €13.45M
Founders: Tomáš Valenta, Václav Mlejnský
Vertical: Cloud infrastructure
About: the startup focuses on developing cloud infrastructure designed specifically for AI agents and applications. E2B’s platform simplifies the process of running and testing AI-generated code in “sandboxes”, safe testing environments that use a company’s own data.
2. Upheal
Latest round: €9.5M
Stage: Series A
Investors: Headline, Credo Ventures, Kaya Ventures
Total funding: €13.65M
Founders: Juraj Chrappa, Martin Horváth
Vertical: Mental health
About: an AI-powered mental health platform for clinicians to save time through note-taking and transcribing sessions, secure video calling, and organizing the data into summaries, highlights, and other analytics.
3. Eyeball.Club
Latest round: €5M
Stage: Seed
Investors: Vendep Capital, Sportlogiq, Heartland, Founderment
Total funding: N/A
Founders: Manfred Lerley, Benjamin Balkin
Vertical: Sports Tech
About: a tool that aims to revolutionize how professional football clubs scout and recruit young talent. Their platform is built on complete match videos, utilizing computer vision AI, data analytics, and video analysis to offer clubs an in-depth perspective on emerging talent from various markets and regions worldwide.
Read more: Greek Orfium Acquires Soundmouse to Innovate Music Rights and Bring the Industry Together
4. Zuri
Latest round: €4.4M
Stage: Series A
Investors: Jan Barta, General Partner of Pale Fire Capital, who led this round; Boris Renski, founder of FreedomFi and co-founder of Mirantis; Matěj Turek, founder and investor associated with the 10X fund.
Total funding: N/A
Founders: Michal Illich
Vertical:Aerospace
About:developing a hybrid VTOL (Vertical Take-Off and Landing) aircraft designed for regional air mobility. Their aircraft combines electric and hybrid propulsion to enable longer-range travel compared to fully electric VTOLs, making it suitable for regional flights of 700 km+.
5. Bookbot
Latest round: €4M
Stage: Series A
Investors: Genesis Growth Equity Fund I, Miton
Total funding: €9.9M
Founders: Dominik Gazdoš, David Gazdoš
Vertical: EdTech
About: a seller of second-hand books. The business model allows users to both sell and buy books.
6. Sloneek
Latest round: €3.6M
Stage: Late-seed
Investors: Purple Ventures, Venture to Future Fund, Vision Ventures
Total funding: €5.28M
Founders: Milan Rataj, Filip Lukac
Vertical: HR Tech
About: a startup that provides an innovative all-in-one HR solution. Their tool aims to simplify daily HR tasks, from recruitment to offboarding, allowing managers and HR professionals in companies of all sizes to gain insights.
7. Adam
Latest round: €3M
Stage: Late-seed
Investors: Czech Presto Ventures, Brighteye
Total funding: €4.13M
Founders: Roman Sysel, Jakub Dvořák
Vertical: PropTech
About: a 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.
8. FaceUp
Latest round: €2.89M
Stage: Late-seed
Investors: Reflex Capital, Tilia Impact Ventures, European Investment Fund, Lighthouse Ventures
Total funding: €3.17M
Founders: Jan Slama, David Spunar, Pavel Ihm
Vertical: Social Impact Tech / EdTech
About: an all-in-one anonymous reporting platform fostering a speak-up culture within professional and academic environments. FaceUp combines anonymous reporting, survey solutions, audience engagement, and possible use cases.
9. Choice
Latest round: €2.4M
Founded: 2020
Stage: Seed
Investors: J&T Ventures, Presto Ventures, Reflex Capital, Seedcamp, Purple Ventures
Total Funding: €4.9M
Founder: Alex Ilyash
Vertical: HoReCa
About: Choice is an online B2B subscription-based service that allows any restaurant to create a website and set up all necessary restaurant-related business tools on a single platform with joint administration: website, applications, online menus with QR payments, table reservations, a CRM system, and much more. Additionally, the platform can be integrated with POS systems and marketplaces such as Wolt, Bolt, Glovo, Foodora, and Uber Eats.
10. Myriad AI
Latest round: €1.92M
Stage: Pre-seed
Investors: N1, BD Partners, Plug and Play Tech Center, Preston-Werner VC
Total funding: €1.92M
Founders: Jan Špidlen
Vertical: AI
About: the company aims to transform compliance by revolutionizing access to regulations. Their platform provides insights, with the objective to speed up decisions and improve business outcomes.
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Other highlights & smaller rounds
In October 2024, Czech-based SpaceTech startup Zaitra has raised €1.7M in a funding round, led by Berlin-based fund Sunfish Partners.
In September, AI-based platform for concert videos Get Moments secured a €500K funding round from Purple Ventures.
In October, software solution startup PARTORY raised €1.25M from Jet Ventures.
In November, DYNANIC, specializing in technology that boosts the performance and integration of programmable chips for high-speed applications, secured €550K in funding from Tensor Ventures and several business angels.
In December, mental health startup Elin.ai closed a €1M pre-seed round, securing €420K from JSK Investments.
