Capital raising services in Hungary
Hungary's venture market is one of the most institutionally active in CEE, with Hiventures state co-investment anchoring seed and Series A alongside a growing private VC base.
Bitrise, Prezi and LogMeIn (acquired for over $4bn) have demonstrated Hungary's ability to produce globally competitive B2B software, drawing in European and US co-investors at growth stage.
Flow works with mid- to late-stage Hungarian companies seeking to raise growth capital on the best possible terms - providing an extensive VC investor network, fundraise preparation and pitch deck building, operating and financial model construction, and end-to-end process management from investor introduction through to close.
UK
Ireland
France
Germany
Spain
Portugal
Italy
Netherlands
Belgium
Switzerland
Austria
Denmark
Sweden
Norway
Finland
Iceland
Poland
Czech Republic
SlovakiaHungary
Romania
Greece
Croatia
Estonia
Latvia
Lithuania
Malta
US
Canada
Mexico
Brazil
Argentina
Chile
Colombia
Peru
Uruguay
Panama
Ecuador
Dominican Republic
Israel
UAE
Saudi Arabia
Qatar
Kuwait
Bahrain
South Africa
Nigeria
Kenya
Egypt
Morocco
Rwanda
India
Kazakhstan
Turkey
Australia
New Zealand7
VC rounds raised in the last 12 months in Hungary
$2.0M
Median VC valuation (across all stages) in Hungary
-
Median VC revenue multiple (across all stages) in Hungary
$8.3M
Largest VC round raised in Hungary in the last 12 months
Raising venture capital in Hungary
Hungary's VC market is mid-sized by CEE standards, with Budapest as the centre. Hiventures and Széchenyi Funds anchor public co-investment; local VCs and cross-border European/US funds make up the private base.
Hungarian VC industry conventions
Hungarian venture rounds typically use documentation aligned with Hungarian Venture Capital Association (HVCA) and broader CEE conventions. Series A and later rounds frequently use Hiventures-aligned terms given its dominant role in the Hungarian VC ecosystem.
Convertible loans and SAFEs
Convertible loan notes are the standard pre-priced instrument in Hungary. SAFEs are used occasionally 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 increasingly standard. Hungarian Kft. and Zrt. structures require shareholder resolutions plus Court Register filings for share issues.
Hiventures co-investment
Hiventures co-invests at seed and Series A alongside private VCs. Its preference structures, information rights and reporting requirements are well-defined and routinely accommodated in round documents. Often the institutional anchor in Hungarian seed and early Series A rounds.
Foreign investment screening
Hungary operates a relatively broad FDI screening regime, with notification required for non-EEA investors taking qualifying stakes in Hungarian companies across many sectors. Adds notification time and conditions to scoped transactions.
Closing mechanics
Capital increases and share transfers in Hungarian Kft. and Zrt. companies require Court Register filings. Closings are typically same-day signing and funding with documents executed via DocuSign for non-notarial elements.
Startups who recently raised money in Hungary
Largest VC round raised recently in Hungary was a $8.3M Undisclosed stage of ABZ Innovation in January 2026.
See all VC rounds in Hungary| Logo | HQ | Description | Investors | |||||
|---|---|---|---|---|---|---|---|---|
Jan-26 | ABZ Innovation | | ABZ Innovation is a drone technology company designing and producing unmanned aerial vehicles along with specialized accessories. The Portuguese firm leverages expertise in aerospace engineering for industrial and research applications. | Assembly VenturesDay One Capital+1 | $8.3M | - | Undisclosed stage | |
Feb-26 | Allonic | | Allonic is a US-headquartered robotics company originally from Hungary, developing 3D tissue braiding technology for automated production of compliant, bio-inspired robot bodies. | Day One CapitalEdward Lando+6 | $7.2M | - | Pre-seed | |
Feb-26 | Giggle | | Giggle is a Budapest-based marketplace connecting hourly workers with hospitality, logistics, and retail businesses through instant matchmaking and staffing support. | OXO Labs Ltd.Peter Oszko+1 | - | - | Seed | |
Dec-25 | Ringoals | | Ringoals is a productivity platform with interconnected apps—Systemize, MyDONE, and RingsDo—that gamify habits, goals, and project management using behavioral science. It fosters consistency through visual progress tracking and motivation tools. | - | - | $3.0M | Pre-seed | |
Nov-25 | Munch | | Munch is a Budapest-based marketplace that reduces food waste by connecting Hungarian restaurants, supermarkets, bakeries, and cafes with consumers for discounted surplus items. Partners use a mobile app to list daily leftovers, automating uploads and sales at up to 70% off regular prices. The platform also runs MunCharity, donating unsold food to nonprofits. Operating nationwide since 2019, it partners with over 500 food businesses to divert thousands of kilograms of food from landfills annually. | Interactive Venture PartnersPiton Capital | - | - | Series A |
Top VCs and strategic investors in Hungary
Day One Capital, Interactive Venture Partners, OUVC and Prototype Capital funded the most startups in Hungary in the last 12 months.
See all VCs in Hungary| Logo | HQ | Description | Key portfolio | |||
|---|---|---|---|---|---|---|
Interactive Venture Partners | | Interactive Venture Partners is a venture capital firm headquartered in Budapest, Hungary, that invests in early-stage startups across Central and Eastern Europe. Backed by Interactive Brokers founder Thomas Peterffy, the firm targets pre-seed, seed, and Series A rounds in sectors including fintech, healthtech, and software. It supports portfolio companies with access to US and global markets through its network. Notable investments include Hungarian fintech firms and regional SaaS providers. The team combines local expertise with international experience to guide founders on scaling regionally. | MunchscoutlabsDeligo Vision Technologies+2 | 4 | Seed | |
Day One Capital | | Day One Capital is an early-stage venture capital fund investing in technology startups from Central and Eastern Europe. Based in Warsaw, Poland, it manages privately financed funds to support ambitious teams pursuing global expansion in sectors like fintech, SaaS, and marketplaces. The firm backs companies from pre-seed through Series A, with a portfolio including firms such as Booksy, Dealavo, and Packhelp, emphasizing hands-on support for international growth. | AllonicABZ InnovationQneiform+1 | 3 | Pre-seed | |
OUVC | | OUVC is a Budapest-based venture capital firm investing in early-stage technology ventures in Hungary and Central Europe. It offers investments alongside venture building services encompassing technical validation, startup acceleration, international market entry, and global tech trend analysis. The firm promotes regional technologies through news dissemination and best practice sharing. | Outfinodenxpert EHS&S softwareWeedEye+1 | 2 | Pre-seed | |
Prototype Capital | | Prototype Capital is a venture capital firm investing in companies enhancing remote work capabilities or uniquely leveraging global talent pools. With a portfolio emphasizing second-order impacts of globalization, it backs software platforms and services transforming distributed teams and virtual collaboration worldwide. | AllonicTangibleWillo+1 | 1 | Pre-seed | |
D | Dávid Zalaba | | - | Tengr.ai | 1 | Seed |
Vsquared Ventures | | Vsquared Ventures is a Munich-headquartered venture capital firm investing €250 million across 40 deep-tech startups in quantum computing, AI hardware, and space tech. Portfolio companies include IQM Quantum Computers raising €128 million and Orbitrax for satellite imagery. It provides hands-on support with labs in Europe and Asia. Founded in 2018, Vsquared manages two funds targeting seed to Series B stages in Germany, U.S., and Israel. | ABZ InnovationHyperscale PowerMegaCool Technologies+2 | 1 | Undisclosed stage | |
OXO Labs Ltd. | | OXO Labs Ltd. is a Vienna-headquartered angel investment firm providing up to EUR 200,000 in equity or convertible notes for early-stage tech startups in Europe. Managing a network of 300+ angels and VCs via the OXO Stock platform, it syndicates deals up to EUR 1 million and offers EUR 10,000 non-dilutive acceleration funding. Since 2015, OXO has backed 50 ventures in fintech and SaaS, facilitating Series A raises totaling EUR 50 million. | GiggleBitNinja.ioOmnicoach+1 | 1 | Seed | |
Piton Capital | | Piton Capital is a London-headquartered venture capital firm investing in network effects businesses from seed to late stage. The fund targets marketplaces, data platforms, and user-generated content sites with tickets from €200,000 to €15 million. Piton backs companies in Europe and the US, including SaaS tools with AI-driven moats. Established in 2019, it manages a portfolio of 20 active investments. | MunchGringoPatient 21+1 | 1 | Series A | |
Edward Lando | | Edward Lando is the founder of Pareto Holdings, a New York-based investment firm. He co-founded Horizons School of Technology, an educational initiative, and holds a degree from the Wharton School at the University of Pennsylvania. | AllonicHeywa LabsSuperscale AI+1 | 1 | Pre-seed | |
Tiny Supercomputer Investment Company | | Tiny Supercomputer Investment Company is a London-based micro venture capital firm specializing in early-stage investments across Europe. Founded in 2016 by Andy Davis, it deploys small tickets of €100,000 to €250,000 into pre-seed and seed-stage SaaS, fintech, and climate tech startups. With a portfolio exceeding 100 companies including unicorns like Grover and N26, Tiny emphasizes founder-friendly terms and hands-on support through its Tiny Foundation accelerator program. | AllonicBirdyChatGRAI+2 | 1 | Pre-seed |
What if not VC? Non-equity funding in Hungary
Hungary's non-dilutive funding stack is moderate by European standards - the R&D super-deduction, EU funding access and Hiventures non-equity instruments provide the main non-VC capital paths for Hungarian startups.
R&D super-deduction
100% R&D super-deduction effectively reduces the cost of R&D by the corporate tax rate. Combined with Hungary's 9% headline rate, the post-tax cost of R&D is unusually low by European standards.
Hiventures non-equity instruments
Hiventures provides convertible loans, mezzanine instruments and venture debt-style products alongside its equity investments. Often used to extend non-dilutive runway in combination with equity rounds.
EU Recovery and Resilience Plan
Hungarian EU Recovery and Resilience Plan funding (where it has been disbursed) flows through ministerial agencies for R&D, digitalisation and the green transition. Slow but materially valuable for qualifying companies.
EU funding access
Hungarian 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.
Hungarian angel ecosystem
Hungary has a small but active angel scene driven by Prezi, NNG (iGO), LogMeIn and other Hungarian operator alumni. Tickets typically €25k-200k per investor; structured rounds often syndicated across 5-15 angels.
Cross-border venture debt
Kreos Capital, Claret Capital Partners and HSBC Innovation Banking operate in Hungary via cross-border lending. Typically deployed against ARR or contracted revenue from Series A onwards.
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 Hungary and beyond
Sector expertise
Explore our VC fundraising offering across a variety of tech sectors in Hungary.
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.
Got questions?
Schedule a call ordrop us an email to learn more about our CFO-as-a-service, capital raising and M&A advisory offering.
More services
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 Hungary
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 Hungary
We advise winning tech companies on M&A exits, and over the years successfully executed numerous transactions with both financial and strategic buyers.
Learn moreTalk to us
Schedule a call to get a health check on your business and see how we could help.
Fractional CFO
- Fractional CFO for Software
- Fractional CFO for AI & ML
- Fractional CFO for Fintech
- Fractional CFO for Consumer internet
- Fractional CFO for Digital media
- Fractional CFO for E-commerce & marketplaces
- Fractional CFO for Consumer products
- Fractional CFO for Mobility
- Fractional CFO for Digital health
- Fractional CFO for Industrial technology
- Fractional CFO for Digital infrastructure
- Fractional CFO for IT services
Stages
Countries
- UK Fractional CFO
- Ireland Fractional CFO
- France Fractional CFO
- Germany Fractional CFO
- Spain Fractional CFO
- Portugal Fractional CFO
- Italy Fractional CFO
- Netherlands Fractional CFO
- Belgium Fractional CFO
- Switzerland Fractional CFO
- Austria Fractional CFO
- Denmark Fractional CFO
- Sweden Fractional CFO
- Norway Fractional CFO
- Finland Fractional CFO
- Poland Fractional CFO
- Estonia Fractional CFO
- US Fractional CFO
- Canada Fractional CFO
- Mexico Fractional CFO
- Brazil Fractional CFO
- UAE Fractional CFO
- Australia Fractional CFO
Cities
- London Fractional CFO
- Dublin Fractional CFO
- Paris Fractional CFO
- Berlin Fractional CFO
- Madrid Fractional CFO
- Lisbon Fractional CFO
- Milan Fractional CFO
- Amsterdam Fractional CFO
- Brussels Fractional CFO
- Zurich Fractional CFO
- Vienna Fractional CFO
- Copenhagen Fractional CFO
- Stockholm Fractional CFO
- Oslo Fractional CFO
- Helsinki Fractional CFO
- Warsaw Fractional CFO
- Tallinn Fractional CFO
- New York Fractional CFO
- Toronto Fractional CFO
- Mexico City Fractional CFO
- São Paulo Fractional CFO
- Dubai Fractional CFO
- Sydney Fractional CFO