Former Czech unicorn team founds AI-powered recruitment startup Finlay
DEPO Ventures announces its investment in Finlay, an AI-powered recruitment startup co-founded by ex-Mews COO, Scott Moran. The €300,000 pre-seed round, led by J&T Ventures alongside DEPO Ventures, aims to redefine how companies source talent across Europe and beyond. With deep expertise from the founding team – including leaders and recruiters from Mews, IBM, Rossum, and Cyrkl – Finlay is set to reshape the recruitment industry.
Subscriptions to furniture, fashion or garden technology as a new trend. DEPO invests in Circuly.
German startup Circuly is developing a software solution that allows companies to introduce and scale subscriptions for products such as bikes, cars or furniture. In an investment round led by funds Neoteq and Gateway Ventures, Circuly raised a total of CZK 13,475,000, which it will use to expand its solution into new industry segments and support its expansion into Central and Eastern Europe. Czech DEPO Ventures also participated in the investment round.
Cardino's Revolutionary Used EV Sales Model Sparks Investor Excitement with €4 Million Seed Round
Cardino, a pioneer in the used electric vehicle (EV) market, recently announced a triumphant €4 million seed funding round spearheaded by Point Nine. The funding round was supported by an array of distinguished angel investors and notable figures, including key investors from platforms like Rosberg Ventures, Vinted.com, Bolt, HomeToGo, Dance and HeyJobs.
Czech health tech start-up KARDI AI received EUR 1.5 million from investors for further development
The start-up KARDI AI, which aims to promote heart health and optimize patient treatment through long-term ECG monitoring and early detection of possible cardiac arrhythmias using artificial intelligence, has now raised a further EUR 1.5 million from investors, bringing the total amount invested in the company to EUR 1.9 million. The funds will help the company to realize its ambitious plans aimed at dynamically increasing the number of users at an international level. The planned steps include, in particular, the introduction of a new version of the product with a higher level of approval from the regulatory authorities. This will support a faster expansion of the network of cooperating cardiologists, neurologists and general practitioners as well as the development of cooperations with other healthcare providers, retailers and health insurance companies. All this with the aim of simplifying and streamlining cardiac healthcare across Europe as quickly as possible.
Peer-to-Peer Platform NOLD Raises EUR 1M to Power the Next Generation of Fashion Resale
The tech company is empowering sustainable, premium, and entry-luxury brands in its mission to reduce the fashion industry's impact.
DEPO invested in Certifier
The Poland-based startup, Certifier, has just secured over $700,000 in funding from Movens Capital, FundingBox Deep Tech Fund, DEPO Ventures, and Black Pearls VC in a seed round. As part of the investment agreement, these funds have the option to double their capital commitment in the coming months. Certifier is developing a digital credential infrastructure in a SaaS model. Currently, 800 businesses and individuals rely on Certifier to store their digital certificates and badges. Their customers include Avon Canada, University of Illinois, and Oxford School District. The global market size for digital credentials software, encompassing diplomas, certificates, and badges, is estimated at $1.6 billion and is projected to surpass $6 billion by 2033. In five years, Certifier aims to be the market leader in digital credential management software.
Why investing in startups could be the key to success during an economic downturn
During market downturns, the best investment opportunities arise. This applies to both stocks and investing in technological startups. In times of crisis and high inflation, leaving money lying in accounts is not advisable. Those who start investing now will have greater profits in the future.
What do the results of the survey say about Business Angels in the Czech Republic?
Although angel investing is not yet widespread in the Czech Republic, Czechs are still among the most skilled investors in startups. Their strategies have generally been successful so far. Almost nine out of ten investors were able to make a profit on their investment, with nearly 12% making more than ten times their investment. Two-fifths of investors consider investing in startups more profitable than other forms of investment. These are the findings of a survey conducted by investment group DEPO Ventures, which is building a unique syndicate of angel investors in addition to angel funds. The survey was also conducted in partnership with the law firm Havel & Partners and the agency CzechInvest. The aim of this fourth annual survey was to map the environment of angel investing in the Czech Republic.
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Machining of the future - Factoree of the Málek brothers receives seed investment of 900k euro
The brothers Jakub and Milan Málek have been digitizing the engineering production market for 6 years. Their company Factoree is a turnkey supplier of engineering products, especially for companies in the field of agricultural machinery, construction equipment, or public transport, and this year they will deliver over 1 million parts, despite not owning a single machine tool. In fact, Factoree's founders are leveraging the existing capacity of smaller Czech engineering companies and, thanks to their online platform, are meeting their demand with orders from all over the world. They have now raised 900 thousand euros from Presto Ventures, DEPO Ventures, and the SFG financial group to digitalize their communication with suppliers further and expand abroad.