Venture Capital/Analysis/ 7 Czech startups to watch, according to VCs Sifted asked investors on the ground to name their favourite up-and-coming Czech companies By Zosia Wanat 12 October 2022 Rossum cofounders Rossum cofounders \Venture Capital Speedinvest starts €3m fund of funds programme to back emerging managers By Eleanor Warnock 17 February 2023 Venture Capital/Analysis/ 7 Czech startups to watch, according to VCs Sifted asked investors on the ground to name their favourite up-and-coming Czech companies By Zosia Wanat 12 October 2022 In the tech world, the Czech Republic is widely known as the home of Avast, the antivirus software. But this small central European country has so much more to offer. Over the last few years, the Czech startup ecosystem has been bubbling with new projects and ideas. It’s produced several unicorns — such as the online grocer Rohlik Group and productivity tool Productboard — while other local startups are expected to hit billion-dollar valuations soon too. Sifted asked the country’s five top VCs which startups they’re watching — and we’ve listed all those that were nominated twice. Rossum Founded: 2017 Number of employees: 255 Founders: Tomas Gogar, Petr Baudis and Tomas Tunys Funding: In October 2021, Rossum raised a $100m Series A from General Catalyst with participation from previous investors LocalGlobe, Seedcamp, Miton and Elad Gil. Rossum’s platform uses AI to help companies understand, exchange and process documents, and can also communicate with people and act based on the content. Tatum Founded: 2017 Number of employees: 53 Founders: Jiri Kobelka, Samuel Sramko Funding: Tatum has just raised $41.5m from lead investor Evolution Equity Partners, along with existing investors Octopus, 3VC, Tensor Ventures and Depo Ventures. The company offers a platform for developers to build, test and run blockchain apps. Mews Founded: 2012 Number of employees: 535 Founder: Richard Valtr Funding: It raised a $33m Series B from Battery Ventures and HenQ in 2019 and got an additional €5m from Salesforce in December last year. Mews is a property management software solution for hoteliers. It helps hotel managers streamline bookings, check-in and revenue management. 4Trans Founded: 2021 Number of employees: 25 Founders: Jaroslav Ton Funding: It raised a €18m seed round in June this year from Atmos, Tera Ventures and Lighthouse Ventures. The round included €3m in equity funding and €15m in debt, from Advance Global Capital. 4Trans provides factoring services — selling and buying debt — to supply chain and logistics companies like hauliers. What makes it different from traditional factoring providers is its AI-driven instant risk modelling, which allows the company to pay hauliers up front in minutes. Resistant.ai Founded: 2019 Number of employees: 52 Founders: Jan Stiborek, Josef Stach Funding: It raised a $16.6m Series A from Index Ventures, Seedcamp, GV and Credo Ventures in October 2021. The company protects other AI-based financial automation systems from manipulation, misuse and intentional attacks with its own AI. Better Stack Founded: 2021 Number of employees: 16 Founders: Juraj Masar, Veronika Kolejak Funding: In July 2021 it raised $18.6m seed round led by Creandum with the participation of Susa Ventures, K5 Global, Credo Ventures, KAYA VC and angel investors. Better Stack offers tools that help with monitoring, logging and incident management for software developers so they can react to outages rapidly. Oddin.gg Founded: 2018 Number of employees: 35 Founders: Marek Suchar, Vlastimil Venclik Funding: It raised a $4.5m Series A in August this year from Velo Partners, Genting Ventures, Presto Ventures and angel investors. Oddin’s platform helps bookmakers create a more engaging esports betting experience, especially for young audiences. Its AI tool generates live data from esports competitions to provide real-time betting odds. Data was collected on Dealroom. Zosia Wanat is Sifted’s central and eastern Europe reporter, based in Warsaw. She tweets from @zosiawanat Related Articles The unicorn has no clothes! By Maria Wagner Click here to read more 2022: A bad time to IPO? By Katja Staple Click here to read more Top Series A investors in the UK By Sophie Zhang Click here to read more Berlin is crap and no-one is talking about it By Torben Friehe Click here to read more Most Read 1 \Healthtech Is Daniel Ek’s new body scanner worth the hype? Sifted tried it out 2 \Venture Capital VC diversity needs to change — and white men need to take responsibility 3 \Venture Capital New €3.75bn European Investment Fund pot to back late-stage VCs 4 \Sustainability Counteract closes £15m fund for carbon removal solutions 5 \Mobility Was the $5bn that VCs plugged into escooters worth it?