Capital raising services in the Czech Republic
The Czech Republic has one of the most active VC markets in CEE, with Prague and Brno producing consistent Series A and growth-stage deal flow.
Productboard, Mews, Rohlik and ThreatMark are among the Czech companies that have attracted significant international growth capital, drawing US and European investors into the market.
Flow focuses on mid- to late-stage Czech companies raising growth capital on the best possible terms - we bring an extensive VC investor network, rigorous fundraise preparation, pitch deck building, operating and financial model construction, and end-to-end process management from first LP conversation to close.
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VC rounds raised in the last 12 months in the Czech Republic
$8.0M
Median VC valuation (across all stages) in the Czech Republic
25x
Median VC revenue multiple (across all stages) in the Czech Republic
$300M
Largest VC round raised in the Czech Republic in the last 12 months
Raising venture capital in the Czech Republic
The Czech Republic has a mid-sized VC market by CEE standards, with Prague as the centre and growing activity in Brno. Local VCs anchor seed and Series A; cross-border participation from European and US investors is common at growth stage.
Czech VC industry conventions
CVCA (Czech Private Equity and Venture Capital Association) coordinates industry conventions. Czech venture rounds typically use documentation aligned with CVCA practice and broader CEE conventions, with strong US influence given the heavy presence of US co-investors at growth stage.
Convertible loans and SAFEs
Convertible loan notes are the standard pre-priced instrument in the Czech Republic. SAFEs are used where the lead investor is US-based. Conversion typically at the next priced round at a discount or capped valuation.
Round structure norms
Priced rounds use 1x non-participating liquidation preference with broad-based weighted average anti-dilution. Founder vesting (4-year, 1-year cliff) is standard. Czech s.r.o. and a.s. structures support venture rounds, with notarisation required for share transfers.
Public co-investment
Czech public co-investment is more limited than in Poland or Western European markets. CzechInvest and the National Development Bank provide complementary support; TAČR grants run alongside private rounds rather than as direct equity co-investors.
Foreign investment review
The Czech FDI screening regime (in force from 2021) requires notification of qualifying investments by non-EU acquirers in Czech companies in sensitive sectors - defence, dual-use, AI, critical infrastructure. Adds notification time and conditions to scoped transactions.
Notarised closings
Capital increases and share transfers in Czech s.r.o. and a.s. companies require notarised resolutions and Commercial Register filings. Closings are notary-driven events with associated formalities and fees. Documents typically signed via DocuSign for non-notarial elements.
Largest private tech companies in the Czech Republic
Mews valued at $2.5B is the largest still privately-owned company in the Czech Republic.
See all large tech companies in the Czech Republic| Logo | HQ | Description | ||||
|---|---|---|---|---|---|---|
Mews | | Mews is a cloud-native property management system for hotels, hostels, and serviced apartments serving over 5,000 properties in 85 countries. It automates reservations, payments, and housekeeping via open APIs with 1,000-plus integrations including Stripe and Google. Amsterdam-headquartered Mews won Best PMS at the 2024 HotelTechAwards. Founded in 2013 by hoteliers, it processes millions in bookings monthly across five continents. | Jan-26 | $300M Series D | $2.5B | |
Rohlik | | Rohlik operates automated dark stores to deliver groceries including fresh produce, dairy, and household items within 90 minutes across Central Europe. Prague-headquartered in the Karlín district, the company runs platforms as Rohlík.cz in the Czech Republic, Košík.cz in Slovakia, Rohlik.hu in Hungary, Rohlik.at in Austria, and Rohlik.pl in Poland. Launched in 2014, it maintains fulfillment centers in cities such as Prague, Bratislava, Budapest, Vienna, and Warsaw, partnering with regional suppliers for daily restocking. | Jun-24 | $172M | $1.2B |
Startups who recently raised money in the Czech Republic
Largest VC round raised recently in the Czech Republic was a $300M Series D of Mews in January 2026.
See all VC rounds in the Czech Republic| Logo | HQ | Description | Investors | |||||
|---|---|---|---|---|---|---|---|---|
Jan-26 | Mews | | Mews is a cloud-native property management system for hotels, hostels, and serviced apartments serving over 5,000 properties in 85 countries. It automates reservations, payments, and housekeeping via open APIs with 1,000-plus integrations including Stripe and Google. Amsterdam-headquartered Mews won Best PMS at the 2024 HotelTechAwards. Founded in 2013 by hoteliers, it processes millions in bookings monthly across five continents. | AtomicoBattery Ventures+4 | $300M | $2.5B | Series D | |
Mar-26 | Choice | | Choice is a Tel Aviv-headquartered B2B SaaS platform for restaurants enabling direct online ordering, marketplace management, table reservations, and guest engagement. The solution aggregates customer data to deliver behavioral insights and targeted communications via SMS and email. Deployed in over 500 restaurants across Israel, Choice integrates with POS systems like Micros and Toast to streamline operations and boost retention. | Alea Capital PartnersJ&T Ventures+2 | $7.1M | - | Series A | |
May-26 | FaceUp | | FaceUp is a Prague-headquartered whistleblowing platform that enables anonymous reporting for companies and organizations. The software complies with EU Whistleblower Directive and GDPR standards, offering customizable forms, AI-categorized cases, and multi-language support. FaceUp serves over 1,000 clients including schools, corporations, and public sectors across Europe and beyond. Features include two-way anonymous communication, mobile apps, and integration with HR systems like Workday. | Fil Rouge Capital (FRC)Gi21 Capital+5 | $5.0M | - | Series A | |
Apr-26 | Edmund | | Edmund is a manufacturing execution system that integrates sensors, robots, PLCs, and ERP software across factory floors for unified operational insights. The platform aggregates data from CNC machines, quality inspection tools, and inventory systems into a single dashboard. Edmund enables predictive maintenance and production scheduling through real-time analytics. Headquartered in Tel Aviv, the company serves electronics assembly and automotive parts facilities in Europe and North America. | FORWARD.oneTensor Ventures+1 | $2.9M | - | Seed | |
Feb-26 | Navigara.com | | Navigara is a software platform using AI to measure developer performance metrics for engineering teams. Trusted by CTOs at tech firms, it provides CEO-accessible insights into code quality, velocity, and productivity across repositories hosted on GitHub and GitLab. | Inovo.vcQQ Capital+1 | $2.5M | - | Seed | |
May-26 | Zerops | | Zerops is a European platform automating code deployment, infrastructure scaling, and performance optimization for developers. The service deploys applications on Kubernetes-based environments with global data centers, supporting languages like Node.js, Python, and PHP. Zerops enables teams to launch production-ready setups without DevOps overhead. | Gi21 Capital | $2.0M | - | Seed | |
Feb-26 | RobosizeME | | - | Botanique Hospitality Management GroupBrightCap Ventures+2 | $2.0M | - | Seed | |
Apr-26 | Felix | | Felix builds an AI workflow automation platform that transforms document-heavy processes into reusable AI agents for teams in legal, insurance, and finance, requiring minimal engineering. | XYZ Venture Capital | $1.7M | - | Pre-seed | |
Apr-26 | Patron GO | | Patron GO is a Warsaw-based fintech mobile app that leverages PSD2 open banking to automatically detect and cancel unauthorized or excessive subscription payments from users' bank accounts across Europe. Launched in 2020, the free service analyzes transaction histories, identifies 'viruses' like hidden fees, and rewards users with cashback for savings achieved. It serves millions of consumers in Poland, UK, and Germany by simplifying financial hygiene without manual input. | Josef NovotnýVenture to Future Fund | $1.4M | - | Undisclosed stage | |
Apr-26 | Tapaya | | Tapaya is a fintech infrastructure company. Payment acceptance software from the firm converts devices into payment terminals. | BADideas.fundDEPO Ventures+1 | $1.2M | - | Pre-seed | |
Feb-26 | Readmio | | Readmio is a Prague-based digital publisher creating audio-enhanced children's books with interactive storytelling features. Available on iOS and Android, its library includes original tales in 10 languages, promoted through Apple features and utilized by families in over 100 countries for bedtime reading and early language development. | DEPO VenturesSimpact Ventures+2 | $1.2M | - | Seed | |
Nov-25 | Ranketta | | Ranketta is an AI-driven visibility platform designed to position brands at the top of search results. It automates optimization strategies to enhance online discoverability across search engines. Ranketta targets businesses aiming for immediate prominence in competitive digital spaces through algorithmic adjustments and content placements. | Gi21 CapitalLighthouse Ventures | $1.2M | $8.0M | Pre-seed | |
Jan-26 | Maxfusion | | Maxfusion is an AI-powered platform for generating video advertisements, where users input scripts for synthetic actors to deliver personalized content, incorporate product visuals, and produce social media-ready clips in various styles. | Czech Founders VCOry Weihs | $600K | - | Pre-seed | |
Feb-26 | Whisper | | Whisper is a software provider creating communication automation tools that handle incoming messages and integrate data from business systems. | MITON | $400K | - | Pre-seed |
Top VCs and strategic investors in the Czech Republic
Venture to Future Fund, Purple Ventures, Reflex Capital and JIC Ventures funded the most startups in the Czech Republic in the last 12 months.
See all VCs in the Czech Republic| Logo | HQ | Description | Key portfolio | |||
|---|---|---|---|---|---|---|
Purple Ventures | | Purple Ventures is a UK-based venture capital firm investing in early-stage technology startups generating initial revenue with purpose-driven missions and global ambitions. London-headquartered, it supports climate tech, healthtech, and social impact companies through capital and networks spanning Europe and North America. | TalentiqaBuyloEterny+2 | 9 | Seed | |
Reflex Capital | | Reflex Capital is a venture capital firm investing its own capital in early-stage deeptech startups. Paris-headquartered, the firm comprises partners with multiple exits exceeding $100 million each, enabling rapid decision-making without external dependencies. Reflex Capital focuses on seed and Series A rounds across Europe, supporting founders in sectors like AI, robotics, and biotech with hands-on operational expertise. | FaceUpChoiceSupernova.io+2 | 8 | Seed | |
DEPO Ventures | | DEPO Ventures is a Vancouver-based investment group operating an angel fund and network for tech startups in Canada and the US. The firm provides seed capital, advisory services, and co-investment syndicates, focusing on SaaS, fintech, and cleantech sectors. | TapayaReadmioKardi Ai+2 | 8 | Seed | |
Lighthouse Ventures | | Lighthouse Ventures is a Prague-based early-stage venture capital fund focusing on technology startups in the Czech Republic and Central Europe. The firm invests in seed and pre-seed rounds for SaaS, AI, and smart city projects with ticket sizes up to €500,000. Lighthouse collaborates with accelerators like StartupYard and universities such as Czech Technical University. Founded in 2018, it provides mentoring in go-to-market strategies and connects portfolio firms to EU grant programs. | RankettaDecisionRulesEdmund+2 | 8 | Seed | |
JIC Ventures | | JIC Ventures is a Prague-based venture capital investor that funds startups graduating from the accelerator programs of its parent organization, JIC, the Czech national innovation agency. The firm targets technology-driven companies across early-stage development, providing capital alongside mentorship from the JIC ecosystem established in 2014 to foster Czech innovation. | FaceUpEternySymfio+2 | 7 | Seed | |
J&T Ventures | | J&T Ventures is a Prague-based venture capital fund targeting early-stage startups in Central and Eastern Europe and Southeast Europe. The firm invests in seed-stage companies across sectors like fintech, healthtech, and software. It partners with founders demonstrating initial traction in their markets. Backed by the J&T Finance Group, J&T Ventures draws on regional expertise to support portfolio growth through follow-on funding and operational guidance. Active since 2014, the fund has backed over 20 companies including fintech platforms and logistics innovators. | ChoiceSupernova.ioWultra+2 | 7 | Seed | |
Czech Founders VC | | Czech Founders VC is a Prague-based venture capital firm investing in pre-seed startups from Central and Eastern Europe across all industries. Backed by successful entrepreneurs, the fund provides €100,000 to €500,000 checks with proactive operational support. Portfolio includes Kiwi.com and Slevomat. Established in 2020, Czech Founders emphasizes transparent terms and partner-level involvement to scale regional innovators globally. | MaxfusionLemondiaDecisionRules+2 | 7 | Pre-seed | |
Venture to Future Fund | | - | FaceUpPatron GOTalentiqa+2 | 6 | Seed | |
Gi21 Capital | | Gi21 Capital is a family office investment firm founded in 2022 and based in Zagreb, Croatia. It invests in technology, hospitality, and real estate sectors through VC and late-stage deals in the EU and US, with a portfolio featuring successful exits. | FaceUpZeropsRanketta | 4 | Pre-seed | |
Jet Investment | | Jet Investment is a Prague-headquartered private equity firm that acquires majority stakes in industrial companies across Central Europe, targeting late-stage venture, growth capital, buyout, and turnaround opportunities. The firm specializes in sectors such as engineering, railways, automotive components, petrochemicals, chemicals, natural gas distribution, wood processing, and technical textiles. With investments in companies like Vexatec for metal coatings and Retex for railway maintenance, Jet Investment supports operational improvements and expansions in the Czech Republic, Slovakia, Poland, and surrounding markets. Established in 2006, it manages a portfolio emphasizing manufacturing and infrastructure services. | Boost.spaceInternational Automotive GroupPARTORY+1 | 3 | Seed |
What if not VC? Non-equity funding in the Czech Republic
The Czech non-dilutive funding stack is moderate by European standards - TAČR R&D grants, EU funding access and the R&D tax deduction provide the main non-equity capital paths for Czech startups.
R&D tax deduction
100% R&D super-deduction (in addition to regular cost recognition) effectively reduces the cost of R&D by the corporate tax rate. The single most-used non-dilutive R&D incentive in the Czech Republic; routinely claimed by tech startups with R&D headcount.
TAČR R&D grants
TAČR administers R&D project grants at 50-85% co-financing rates across federal and bilateral programmes. Slow but materially valuable for deeptech, climate and life-science companies. The main non-tax non-dilutive R&D funding source.
CzechInvest and ČMZRB
CzechInvest provides advisory and EU-funded grants; the National Development Bank (ČMZRB) provides subsidised loans and guarantees. Often used alongside TAČR funding to extend non-dilutive runway.
EU funding access
Czech companies have full access to Horizon Europe programmes - EIC Accelerator grants (up to €2.5M), EIC Pathfinder, Eurostars and others. Plus structural EU funding for R&D and digital transformation administered by CzechInvest and the Ministry of Industry.
Czech angel ecosystem
The Czech angel scene has grown materially in the last decade, driven by Avast, Kiwi.com, Productboard, Skype Prague and other alumni. Tickets typically CZK 500k-5M per investor; rounds often syndicated across 5-15 angels.
Crowdfunding
Czech equity crowdfunding platforms (Fundlift, Crowdberry) operate alongside European platforms. Used for raises typically CZK 5-50M, often layered on top of a lead investor. Stronger penetration in consumer brands than B2B tech.
Why Flow Partners as your capital raising advisor?
Kraft KPI-driven narrative
High-growth companies require thorough understanding to accurately capture their value potential. We build compelling, data-driven equity stories that resonate with investors and minimize due diligence intensity.
Move fast and cut the BS
We have a strong appreciation for the power of speed and efficiency when fundraising. Expect a rigorously efficient deal process with minimized management distraction. Founders run the business, we pick up the heavy lifting.
Access relevant investors
Our close relationships with leading late-stage VC and growth equity investors as well as non-traditional capital providers, like family offices and sovereign wealth funds, enable us to find best-fit partners for a given scenario.
Valuation is only one part of the equation
When it comes to growth capital, valuation is only one side of the medal. We help to bridge incentive gaps between founders and investors and make sure you raise money on best possible terms.
We provide capital raising services across the Czech Republic and beyond
Sector expertise
Explore our VC fundraising offering across a variety of tech sectors in the Czech Republic.
Software
Vertical and horizontal SaaS, AI-native software products, infrastructure SaaS, cybersecurity
AI & ML
Foundation models, AI applications, AI infrastructure, semiconductors, AI consulting
Fintech
Neobanking, online payments, fintech infrastructure, lending platforms, wealth tech, online brokerage, vertical FS software
Consumer internet
Consumer software subscription platforms, edutech, online content, social networks, online dating
Digital media
Streaming platforms, mobile and console gaming, content distribution, digital publishing, VR & AR
E-commerce & marketplaces
Consumer and B2B marketplaces, inventory-based e-commerce, classifieds, lead generation platforms
Consumer products
Direct-to-consumer (D2C) brands, consumer electronics, smart home devices, lifestyle products
Mobility
Ridesharing, micromobility, food delivery, logistics tech, autonomous tech, EV charging infrastructure
Digital health
Digital therapeutics, telemedicine, mental health solutions, EHR and practice management, vertical healthcare SaaS
Industrial technology
Industry 4.0 solutions, 3D printing, climate tech, industrial IoT, robotics, smart manufacturing
Digital infrastructure
Data centers, cloud infrastructure, edge computing, network security, vertical infrastructure SaaS
IT services
Software development and testing, digital transformation, cloud services, advertising agencies, IT support services
Selected case studies
We've advised companies from series A to series D and beyond.
Our capital raising experience spans across various tech sectors and geographies.
We advised Elysian Fields on its investment into Orka, a Reykjavik-based portfolio of online consumer lending platforms, supporting deal structuring and growth-capital deployment in the Icelandic fintech market.
Recently completed VC fundraising projects
Selected capital-raising mandates and prior investment experience.
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We're with you before and after raising VC money: we help you organise your FP&A as fractional CFOs, and coordinate your M&A process.
Fractional CFO in the Czech Republic
We integrate into your workflows to help with financial modelling, build out FP&A tech stack, and ultimately provide guidance towards an M&A or raising venture capital.
Learn moreM&A in the Czech Republic
We advise winning tech companies on M&A exits, and over the years successfully executed numerous transactions with both financial and strategic buyers.
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