Kaya VC’s new €72 million ($80m) fund will focus on startups in Prague, Warsaw and the wider CEE region. Beforehand called Enern, the Central and Eastern European VC — which, historically, started off investing in wind-farms and ended up invested in tool — has changed its title to raised mirror its fashionable focus. The firm will additionally support startups “at any stage” of funding. LPs in the fund embody the EIF and a alternative of a success entrepreneurs from the region.
That is the crew’s fourth fund, and together with the previous funds, the AUM is around €250m. The fund has invested in 27 corporations with the newest investments into B2B marketplaces, healthtech and blockchain.
The decade-previous Prague-primarily based mostly VC (“KAYA” will be the first rate naming format) has previously invested in Booksy (raised $70 million in January 2021), Twisto (€16 million this year), DocPlanner (€80m in 2019), and Rohlik ($230m this year). Kaya previously participated in liquidity events for Skype, Practical (formerly TransferWise) and Plod, UiPath which these days raised $750 million at a $35 billion valuation sooner than an IPO.
Kaya says this could occasionally likely be sector agnostic, with companions following some personal passions: Tomas Obrtac on agri-tech; Pavel Mucha on next-generation consumer experiences; Tomas Pacinda on fintech, and Martin Rajcan focuses on energy transition. All other areas of tech will be checked out. Similar to funds corresponding to Point 9 in Berlin, Kaya says it is an ‘equal partnership’ which components every accomplice can own decisions on what to support.
The firm plans with the intention to jot down the first cheque and is additionally backing gargantuan-early ‘studio projects’ which have faith gone on to expand subsequent funding rounds.
Pavel Mucha, accomplice at Kaya VC, commented in a observation: “After I at the launch started investing in native startups in Prague and Warsaw, it used to be because there used to be a want to work with of us to create one thing treasured that didn’t exist already. Over the past 10 years, we’ve considered this sector develop and long-established, and with that our technique of backing fearless founders who are making a distinction from Booksy’s Stefan Batory to Rohlik’s Tomáš Čupr.”
Kaya is additionally allotment of the Incorporated VC, community, a mentor community for underrepresented groups corresponding to females and of us of colour. Mucha told me: “We’ve hired by their program, been closely enthusiastic and huge supporters. We have faith it’s a gargantuan addition to the ecosystem within Europe, and hope to enact extra. It’s positively a truly significant initiative we stand completely at the support of.”
Martin Rajcan, accomplice at Kaya VC, added: “Founders coming out of Central and Eastern Europe are globally-oriented, have faith strong technical skills, and an unmatched starvation for success. It’s these strong fundamentals paired with a next-level intensity that makes them so thrilling to work with and we would prefer to enhance such talent in any components we can. With companions, endeavor companions, advisors, and scouts all over Europe, we’re in a particular position to enhance founders in the diaspora outside of core cities corresponding to Prague and Warsaw.”
In Turkish the be aware Kaya components ‘rock’, in Eastern, it’s ‘sanctuary’. Without reference to the case, Kaya is in a exact position to elevate earnings of the burgeoning startups in the CEE region. Based on Dealroom there has been 5x extra international investment in the CEE region than in 2015.