Slovakia's startup ecosystem is steadily growing and gaining recognition on the global stage. The country offers a favorable business environment and ecosystem for startups, with low taxes, government support, and access to European markets. Its growing startup ecosystem and proximity to major European cities also make it an attractive destination for startup investment and expansion. In this article, we have compiled a comprehensive list of top Venture Capitalist Funds (VCs) in Slovakia that can provide you with the capital and support to help you succeed!
Topics Covered:
Why Should You Raise Funds in Slovakia
Venture Capitalist Funds in Slovakia
Closing Thoughts on Venture Capitalist Funds in Slovakia
Why Should You Raise Funds in Slovakia?
Startups should consider raising funds in Slovakia for the following reasons:
1. Low Corporate Tax Rate:
Slovakia has one of the lowest corporate tax rates in Europe, making it an attractive destination for startups looking to save on taxes and maximize their profits. The current corporate tax rate in Slovakia is 21%, which is significantly lower than some of its neighboring countries like Austria (25%) and the Czech Republic (19%).
2. Growing Startup Ecosystem:
Slovakia's startup ecosystem is rapidly growing, with a number of venture capital firms as well as startup incubators and accelerators investing in local startups. In addition, the country's government is actively supporting entrepreneurship and innovation, providing incentives and funding to help startups succeed.
3. Access to European Markets:
Slovakia's central location in Europe makes it an ideal base for startups looking to expand into the European market. The country is well-connected to neighboring countries by road, rail, and air, providing easy access to major European cities and markets. In addition, Slovakia is a member of the European Union, giving startups access to a large and diverse market with over 500 million consumers.
Venture Capitalist Funds in Slovakia
The venture capital firms below are actively looking for investments in promising companies throughout various stages and sectors. The stages stated do not limit the possibility of getting funding if your company is at any stage other than what is listed.
Year of Inception: 2012
Stage: Pre Seed, Seed
Focus: Fintech, Healthcare, Future of Work, Future of Food, Ecomtech
Notable Portfolio: Perfeqt, NitroPack, Quantive, Metrilo
Eleven Ventures is a prominent early-stage venture capital firm based in Southeast Europe. With an impressive track record of 150 investments over the past decade, they have established themselves as a leading player in the region. Focused on nurturing and supporting tech companies, Eleven Ventures offers not only capital but also strategic guidance and network access to their invested companies. They have built strong connections with key decision-makers, enabling startups to forge new partnerships and seize growth opportunities.
Year of Inception: 2016
Stage: Pre Seed, Seed
Focus: Sector Agnostic
Notable Portfolio: DingoDot, Mobilyze, Airvolute, Nativero
Vision Ventures is a prominent early-stage venture capital firm with a focus on pre-seed and seed investments. Vision Ventures is founded by experienced entrepreneurs who aim to support and empower fellow entrepreneurs. The VC stands out for its strong understanding of business models and markets, offering valuable advice and insights throughout the fundraising process.
Year of Inception: 2019
Stage: Pre Seed, Seed
Focus: Sector Agnostic
Notable Portfolio: Boataround, Artzenal, SmartHead, Unimus
Founded in 2019, CB Investment Management operates as the growth/expansion investment arm of Crowdberry, based in Bratislava, Slovakia. The firm specializes in providing funding to startups and small and medium-sized enterprises (SMEs), with a focus on B2B industries. They offer capital and strategic guidance to help these businesses thrive and achieve their growth potential.
Year of Inception: 2019
Stage: Pre Seed, Seed
Focus: Technology
Notable Portfolio: Blockmate, We Make Games, SpectreXR, MediSearch
ZAKA VC is a venture capital firm based in the Czech Republic, with a strong focus on pre-seed and seed investments across Europe. ZAKA VC aims to provide capital and strategic support to promising startups, helping them navigate the early stages of growth and maximize their potential.
Year of Inception: 2009
Stage: Pre Seed, Seed
Focus: Technology
Notable Portfolio: Assetario, Picogrid, SurgLogs, Segron, Around
Credo Ventures is a venture capital firm that specialize in early-stage investments in Central and Eastern Europe. With a mission to identify and support outstanding technology founders from the region, Credo Ventures aims to help these entrepreneurs achieve global success. Their investment strategy focuses on providing funding to early-stage companies, with investments ranging up to EUR 5 million.
Year of Inception: 2019
Stage: Pre Seed, Seed, Series A
Focus: Sector Agnostic
Notable Portfolio: Powerful Medical, PlaceSense, Reado
Zero Gravity Capital is a prominent venture capital fund based in Slovakia that specializes in fueling early-stage innovations. With a focus on supporting startups and entrepreneurs, they invest in companies with high growth potential. Zero Gravity Capital actively participates in events like hackathons and workshops to foster innovation and provide support to the startup ecosystem.
Year of Inception: 2018
Stage: Seed
Focus: FinTech, InsurTech, Big Data
Notable Portfolio: Velaris, Ctrl Alt, Ondato, Monite, Tapline
365.fintech is a boutique venture capital firm based in Bratislava, Slovakia. Founded in 2018, their primary focus is on providing financing and support to seed-stage fintech startups in the broader Central and Eastern Europe (CEE) region and the Baltics. 365.fintech distinguishes itself by offering operational and strategic support to its portfolio companies. They aim to create potential synergies between startups, partners, and the banking sector, fostering innovation and disruption of legacy infrastructure and distribution models in the fintech industry.
Year of Inception: 2014
Stage: Seed, Series A
Focus: Deep Tech
Notable Portfolio: Diagnose.me, Excalibur, GreenWay, Invesdor, Minty
Neulogy Ventures is a venture capital firm that is committed to helping visionary founders at the early stages of company formation and growth. Neulogy Ventures invests in deeptech innovations and moonshot ideas that push the boundaries of technology, climate, and health. They provide financial support, strategic guidance, and business development assistance to their portfolio companies.
Year of Inception: 2019
Stage: Series A, Series B
Focus: Sector Agnostic
Notable Portfolio: SEC Technologies, AgeVolt, Nexineo, Nettle.ai
Venture to Future Fund is a venture capital fund based in the CEE region that aims to fill the market gap by providing capital and quasi-capital financing for small and high-tech companies in their growth stages. The fund is a joint initiative of the European Investment Bank (EIB), the Ministry of Finance of the Slovak Republic, and the Slovak Investment Holding. They are primarily interested in investing in SMEs with a viable product and paying customers, focusing on companies based in Slovakia or Europe.
Year of Inception: 2014
Stage: Series B, Series C
Focus: Information Technologies, Agriculture, Retail, Telecommunication, Education
Notable Portfolio: Seyfor, Revolgy, Sanagro, Terno, Phase
Sandberg Capital is a venture capital and private equity firm that specializes in equity investments in small and medium-sized companies in the Central and Eastern Europe (CEE) region, with a particular focus on Slovakia and the Czech Republic. The firm aims to provide strategic guidance and support to its portfolio companies, helping them expand internationally and enhance their service offerings.
Year of Inception: 2018
Stage: Seed, Series A, Series B, Series C
Focus: FinTech
Notable Portfolio: Agro.Club, FinCompare, Twisto, goUrban
Elevator Ventures is a corporate venture capital entity of Raiffeisen Bank International (RBI) that specializes in direct early-stage and growth investments in fintechs and related enabling technologies in Central and Eastern Europe (CEE). As a strategic investor, Elevator Ventures leverages RBI Group's expertise, network, and corporate strength to support promising scale-ups in expanding across the CEE region and beyond.
Closing Thoughts on Venture Capitalist Funds in Slovakia
The startup ecosystem in Slovakia has made significant progress in recent years, however, challenges such as a shortage of IT talent and limited access to global markets remain. With concerted efforts, including targeted initiatives and continued support from public-private partnerships, Slovakia has the potential to further enhance its startup ecosystem and attract global attention.
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