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Top 10+ Largest Funding Rounds in the Czech Republic in 2022

czech republic map with money flying over it
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Despite the economic downturn of 2022 with spiking inflation and significantly rising energy prices, the Czech Republic startup ecosystem has recorded many milestones this year. From seeing its second-ever unicorn, Productboard, to investors opening several new funds and supporting startups with more funding than in 2021, the Czech innovation community maintained its growth.

To outline the notable investments recorded in the country, The Recursive has created a list of the top 10+ largest funding rounds in the Czech Republic in 2022.

 

1. Rohlik

Funding: €220M

Founders: Tomáš Čupr, Marek Sacha

Stage: Series D

Investors: Sofina, ORBIT Capital, Index Ventures, Tomáš Čupr

Company size: Unspecified

About: Rohlik Group is a Prague-based online innovative grocery delivery store with a 90-minute same-day delivery service. The startup became the first Czech unicorn in 2021 and currently attains an annual revenue of €500M. Outside of the Czech Republic, the Rohlik group operates in Hungary, Austria, and Germany and expands to Romania, Italy, and Spain.

 

2. Mews

Funding: $185M (∼ €174M)

Founder: Richard Valtr

Stage: Series C

Investors: Kinnevik, Goldman Sachs, Revaia, Derive Ventures, ORBIT Capital, Notion Capital, Salesforce Ventures, henQ, Battery Ventures, Thayer Ventures

Company size: Unspecified

About: Mews is a SaaS-based hotel property management system that helps hotels, hostels, apartments, and other hospitality clients simplify their operations, including reservations, payments, and others. The startup provides smart automation and an innovative, easy-to-use set of products and features. Mews has over 1700 customers in more than 60 countries, with the biggest office based in Prague. The startup closed one of the biggest funding rounds (4th) recorded in the Czech Republic.

 

3. Ataccama

Funding: $150M (∼ €142M)

Founders: Michal Klaus, Jan Červinka, Jan Mrázek, Petr Jech

Stage: Unspecified – Ventures

Investor: Bain Capital Tech Opportunities

Company size: ∼ 500 employees

About: Ataccama brings an international AI-based enterprise platform for combining data quality, metadata, master data management, and integration. Ataccama gives businesses and data teams the power to manage and innovate their data fast while preserving security and trust.

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4. Productboard

Funding: $125M (∼ €119M)

Founders: Hubert Palán, Daniel Hejl

Stage: Series D

Company size: ∼ 400 employees

Investors: Tiger Global Management, Dragoneer Investment Group, Sequoia Capital, Index Ventures, Kleiner Perkins, Credo Ventures, Bessemer Venture Partners

About: Productboard is a SaaS product management company that assists and helps teams organize their workflow by understanding their clients and developing the right product more effectively. The solution is used by over 5400 companies, including Microsoft, Zoom, and UiPath. Productboard’s offices are based in Prague, San Francisco, and Vancouver.

 

5. DoDo

Funding: €60M

Founders: Michal Menšík, Wojciech Kazimierski

Stage: Series B

Investors: Rockaway Capital, J&T Ventures, EC Investments

Company size: ∼ 1500 employees

About: Startup DoDo is a delivery marketplace specializing in same-day service using intelligent technologies of data-driven solution and agile processes. DoDo currently oversees over 600+ cars and 1300+ couriers in the Czech Republic, Slovakia, Hungary, and Austria. The company’s clients include Tesco, Košík, KFC, and Alza.

 

6. Tatum

Funding: $41.5M (∼ €39.4M)

Founders: Jiří KobelkaSamuel Šramko

Stage: Series A

Investors: Evolution Equity Partners, Tensor Ventures, Octopus Ventures, LeadBlock Partners, DEPO Ventures, 3VC, angel investors

Company size: ∼ 60 employees

About: Tatum is a blockchain development platform that brings developers an easy-to-use application programming interface to build and incorporate blockchain infrastructure more quickly. Coming from the Moravian tech hub Brno, Tatum is historically the first Czech startup in SkyDeck accelerator in Silicon Valley.

 

7. Kentico & Kontent.ai

Funding: €39M

Founder: Petr Palas

Stage: Unspecified – Private Equity Round

Investor: Expedition Growth Capital

Company size: ∼ 400 employees

About: Kentico is a content creation platform that combines content management, digital marketing, and commerce. It has more than 1,000 digital solution partners and powers over 30,000 websites across 120 countries. Kentico’s daughter company Kontent.ai is a modular content platform that helps marketers and developers plan, create, and deliver experiences across any channel. Eighteen years after its establishment, Kentico raised funds for the first time to further grow both companies.

Read more:  Romanian startup Ogre AI raises €2M to put AI in service of energy management

 

8. MANTA

Funding: $35M (∼ €32M)

Founder: Tomáš Krátký

Stage: Series B

Investors: Forestay Capital, Senovo, SAP.iO, European Bank for Reconstruction and Development, Credo Ventures, Bessemer Venture Partners, angel investors

Company size: ∼ 150 employees

About: MANTA is an automated data lineage platform that transforms assets and gives teams complete visibility and control over data pipelines. The startup also provides teams with a tool to improve data governance, streamline migration projects, and accelerate incident resolution. MANTA’s main offices are based in Prague and the US (New York, Tampa).

 

9. Deepnote

Funding: $20M (∼ €19M)

Founders: Jakub Jurových, Filip StollárJan Matas, Jirka Lhotka

Stage: Series A

Investors: Index Ventures, Accel, Y Combinator, angel investors

Company size: ∼ 25 employees

About: Included in our list of startups to watch in 2023, Deepnote is a Czech-Slovak-based data science platform focused on notebooks for teams, allowing them to collaborate and visualize information from different systems. Deepnote enables users to connect their data, explore, and analyze it with real-time collaboration and version control.

 

10. 4Trans Factoring

Funding: €18M (€3M + €15M)

Founder: Jaroslav Ton

Stage: Seed + Debt Financing

Investors: Advance Global Capital, Tera Ventures, Lighthouse Ventures, Atmos Ventures

Company size: ∼ 25 employees

About: 4Trans Factoring startup brings a fast financing solution to underserved businesses in logistics. Featured among the leaders in SME finance in CEE, 4Trans solves the problem of logistics companies’ insufficient access to invoices and payments by instantly paying invoices, verifying customers, and providing an ecosystem of financial services based on real-time data.

 

11. Better Stack

Funding: $18.6M (∼ €17.6M)

Founders: Juraj Masar, Veronika Kolejaková

Stage: Series A

Investors: Creandum, Susa Ventures, K5 Global, KAYA, Credo Ventures, angel investors

Company size: 11-50 employees

About: Better Stack, another startup featured in our 2023 startups to watch list, provides DevOps solutions for software teams to more easily monitor their application performance, aggregate data, and logs from multiple data sources. Better Stack focuses on turning logs and monitoring to help companies deliver software faster. Over 1400 companies use the Czech-Slovak-based startup’s solution.

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