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Top Funding Rounds in Slovakia in H1 2024: CloudTalk Leading the Top

CloudTalk team
Image credit: CloudTalk Website
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In the first half of 2024, the startup ecosystem in Slovakia remained relatively steady compared to the previous period, with three startups each securing significant investments of over €7.5M. Analyzing all the listed funding rounds in Slovakia, the total amount raised in the first half of the year amounts to €52.6M. Building on our previous coverage of the largest investments across the CEE countries, we are presenting now a detailed summary of the most substantial funding rounds in Slovakia.

This article is part of the CEE milestones mapping series. More will follow soon. Discover the largest tech funding rounds of disclosed amounts in Slovakia in H1 2024 up to date. Please, feel free to contact us with updates or investments we should add to the list: [email protected].

1. CloudTalk

Latest round: €25.8M 
Stage: Series B
Total funding: €47.4M
Investors: Point Nine Capital, henQ, Presto Ventures, and Orbit Capital
Founders: Martin Malych and Viktor Vanek
Vertical: SaaS
About: CloudTalk is AI Business Calling Software. It allows customer support and sales teams to automate their workflows without any coding and makes customer experience a competitive advantage by allowing businesses to connect faster, easier and more efficiently with their customers

2. GA Drilling

Latest round: €13.8M 
Stage: Late VC
Total funding: €31.3M
Investors: Neulogy Ventures, Nabors Drilling, Underground Ventures, Thomas von Koch and Alfa8
Founders: Dusan Kocis, Igor Kocis, Ivan Kocis and Tomas Kristofic
Vertical: Manufacturing
About: GA Drilling with its patented PLASMABIT & ANCHORBIT technology provides scalable, modular, solutions for zero-carbon emissions energy production for the local and independent source of electricity, heating, clean water & food production.

3. Powerful Medical

Latest round: €7.5M 
Stage: Early VC
Total funding: €16.4M
Investors: EIC Fund
Founders: Timotej Palus, Robert Herman, Martin Herman, Viktor Jurasek and Simon Rovder
Vertical: HealthTech
About: Powerful Medical uses artificial intelligence to empower clinicians to accurately diagnose cardiovascular diseases and treat cardiac patients with higher confidence.

Read more:  Vitosha VC Invests €1.5M in 5 Promising Startups and Plans Expansion in SEE with Fund II

4. Boataround

Latest round: €5.5M 
Stage: Early VC
Total funding: 6.2M
Investors: Reflex Capital
Founders: Jana Escher and Pavel Pribis
Vertical: Travel
About: Boataround provides an easy and safe yacht reservation anywhere in the world from small motorboats to large luxurious yachts.

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Loredana Dobrea is a Startup & Tech Research Editor specializing in market research and data analysis. She leads data collection efforts and writes analytical articles, with a particular focus on AI, HealthTech, Education, and Social Impact sectors. Covering everything from emerging startups to established industry players in the CEE tech ecosystem, Loredana brings their stories to light with clarity and depth.