Prague is not only in the centre of Europe, it is playing a central role in the future of technology.
Just a few years ago, we were deeply impressed with the start-up community that we met in Prague, and the city’s heritage as a go-to location for tech start-ups through great companies such as AVG, Avast and Warhorse Studios was abundantly clear.
Prague’s geographical location has always put it at the crossroads of European history but it is also celebrated for its beer and café culture, and has been a haven for expats since the Iron Curtain fell in the early 1990s.
Its potency as a location for tech companies to start up has been bolstered by a highly educated, young population.
Key investors to watch include Credo Ventures, Rockaway Capital, Miton, Springtide, J&T Ventures, KKCG and the Czech Venture Capital Association.
And so, here are the start-ups from Prague to Czech out.
We set up a nice stand at #HackPrague in Prague's New Town Hall to help the teams gather data for their #hackathon projects. There is something magical about coding in a hall built in 1418. https://t.co/LeBoqk7993 pic.twitter.com/9tEhFulhmY
— Apify (@apify) June 23, 2018
A graduate from the prestigious Y Combinator accelerator, Apify is a web-scraping and automation platform that can extract structured data from any website or automate any workflow on the web. It was founded in 2015 by Jakub Balada and Jan Čurn and has raised $392,000 in funding so far, according to Crunchbase.
After 3 years of work and responding to 2,722 feature user votes, we're launching Avocode 3 with a Light theme (cause we had a Dark one before it was cool) and a bunch of new features! 🚀
— Avocode (@avocode) June 14, 2018
Acting as a bridge between designers and developers, Avocode is software that enables users to export and share anything from Photoshop and Sketch designs, including colours, image assets, fonts, text, CSS, sizes and dimensions. Founded in 2014 by Vu Hoang Anh, Martin Ďuriš and Petr Brzek, it has raised $605,000 in funding so far.
— BudgetBakers (@budgetbakers) March 19, 2018
Regarded as the leading Czech fintech pioneer, BudgetBakers began life as a side project of founder Jan Müller. It is a popular expense-tracking tool available on Android and iOS that enables people to better manage their money. BudgetBakers has raised $434,000 in funding to date and is headed by CEO Michal Kratochvíl, a seasoned banking executive.
— Brand Embassy (@Brand_Embassy) June 24, 2018
Brand Embassy helps more than 100 enterprise companies – such as T-Mobile, GE Money and Samsung – provide excellent customer service at scale for today’s impatient social customers. Founded in Prague and with offices in London and San Francisco, it was set up in 2011 by Damian Brhel and Vit Horky. Brand Embassy has raised $4m to date, including a $3m round last year led by a number of angel investors.
— GAMEE (@GameeApp) June 15, 2018
Gamee is a battle gaming network that makes games playable and shareable with friends across apps, including messaging apps. Founded in 2015 by Bozena Rezab, Jan Castek, Lukas Stibor and Miroslav Chmelka, Gamee has raised $2.8m in funding from investors that include Google Launchpad, Credo Ventures, Initial Capital, Index Ventures and Socialbakers co-founder Jan Rezab.
— Neuron Soundware (@NeuronSW) June 22, 2018
Founded in Prague and headquartered in London, Neuron Soundware is a deep-tech start-up in the field of artificial intelligence and the internet of things, using audio analysis to detect broken machines. Its diagnostic technology focuses on the early detection and prediction of mechanical malfunction on any machinery. Founded in 2016 by Pavel Konečný and Pavel Klinger, the company has raised €680,000 to date.
Socialbakers is an AI-powered social media marketing platform that was founded by Jan Rezab, Jiri Voves, Lukas Maixner and Martin Homolka. Led by CEO Yuval Ben-Itzhak, the company has become the trusted social media management partner to thousands of enterprise brands and SMBs. Socialbakers has raised $34m to date from investors that include Index Ventures and Earlybird Ventures.
— Spendee (@spendeeapp) June 26, 2018
An app that helps you to put your money in shape, Spendee is used by more than 1m people worldwide. The app helps people understand their finances so they can make smarter decisions and have a stress-free life. Founded last year by David Neveceral and Jakub Sechter, it has raised $550,000 in funding so far.
Aimed at millennials across central Europe, Twisto aims to support those underserved by banks, including young families, students and freelancers, with cutting-edge financial services and payments. Founded in 2013 by Michal Smida, the fintech has raised $24m from leading investors including ING Ventures and Uniqa.
Based in Prague and Pardubice, VersionPress describes itself as “Git for WordPress sites”. It provides a plugin for WordPress that enables version control and an undo button for changes made to a WordPress site. It uses software built on top of Git, the popular open source version control system. Founded in 2013 by Borek Bernard and Jan Voráček, VersionPress has raised $400,000 funding to date.
Updated, 11.09am, 28 June 2018, and 2.28pm, 29 June 2018: This article was updated to clarify that Apify has raised $392,000 in funding, according to Crunchbase, not $262,000 as previously stated. It was also amended to include Pavel Klinger as co-founder of Neuron Soundware, not Tomáš Netrval, who happens to be the company’s current CTO.
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