STARTUP ECOSYSTEM
Czechia Funding volume
Venture Capital in Czechia: a rising force in Eastern Europe
The Czech Republic continues to establish itself as a vibrant hub for venture capital activity in Eastern Europe, with 2023 proving to be a landmark year for the nation’s startup ecosystem. According to Dealroom, with a total of €173.1 million raised, Czechia secured the fourth position in the region for total capital raised, showcasing its growing appeal to investors and innovators alike.
Record-setting investments
Domestic startups played a major role in this surge, raising €89.3 million across 35 investment rounds. Czech founders with ventures abroad also contributed significantly, bringing in €34.2 million across eight rounds. Together, these figures highlight the global reach of Czech entrepreneurial talent and the ecosystem’s ability to attract diverse investment (The Recursive).
Diverse investment ranges and average deal sizes
According to the Czech Private Equity and Venture Capital Association (CVCA), the investment ranges for startups vary widely, ensuring support across pre-seed, seed, and growth phases.
Investment Ranges
- Seed Funding (up to €200K): early-stage startups raised approximately €1.2 million across 8 rounds. This funding level is critical for nurturing ideas and early product development, enabling entrepreneurs to test their concepts and prepare for scalability.
- Early-Stage Funding (€200K–€1M): startups in this category secured approximately €3.5 million across 10 funding rounds. This range bridges the gap between proof of concept and initial market traction, helping companies build their operational capacities.
- Growth-Stage Funding (€1M–€3M): a total of €9 million was raised across 6 rounds in this segment. This funding is pivotal for startups scaling operations, expanding teams, or entering new markets.
- Large-Scale Funding (Above €3M): well-established startups raised €20.5 million across 3 rounds, demonstrating the ecosystem’s capacity to support ambitious ventures with significant growth potential.
Average deal sizes
The average deal size in the Czech Republic has been reported at approximately €2.8 million per round, indicating a healthy appetite for medium to large-scale investments. Notable deals exemplify this trend:
- Productboard: raised €125 million in a Series D round, underscoring the potential for Czech startups to attract major global VC players.
- Keboola: secured €32 million in a Series A round.
- IP Fabric: raised €23 million in a Series B round.
- Woltair: acquired €20.5 million in a Series A round.
These figures illustrate the robust support available for Czech startups, fostering innovation and business expansion at all stages of development.
Learn more about Czechia’s startup ecosystem
Czechia Innovation index
Czechia continues to solidify its position as a leader in innovation, boasting impressive rankings in global innovation indices, a strong patent portfolio, and substantial investments in research and development (R&D). These factors highlight the country's dynamic approach to technological advancement and its commitment to fostering a knowledge-based economy.
Czechia Export/Import Ratio
The Czech Republic has long been known for its robust industrial base, and in recent years its high-tech sector further solidified its position as a key player in global trade. The nation demonstrated its prowess in the export of technology products, showing a healthy export-to-import ratio that highlights its competitive edge in the high-tech sector.
Czechia Startup density
Czechia has emerged as a dynamic hub for startups in Eastern Europe, combining strategic location, a highly educated workforce, and increasing access to funding. With steady growth and recognition on global and regional stages, its ecosystem is attracting both talent and investment, making it a rising star in the global startup scene.
Czechia Funding volume
The Czech Republic continues to establish itself as a vibrant hub for venture capital activity in Eastern Europe, with 2023 proving to be a landmark year for the nation's startup ecosystem. According to Dealroom, with a total of €173.1 million raised, Czechia secured the fourth position in the region for total capital raised, showcasing its growing appeal to investors and innovators alike.
Czechia Investment in key sectors
Czechia continues to thrive thanks to significant investments in technology and education, which play a vital role in enhancing its economic resilience and boosting its competitiveness. Both public and private investments have been pivotal in developing a robust innovation ecosystem and improving the quality of life across the country.
