Prague-based early-stage venture capital firm KAYA has completed the first close of its fifth fund, which is worth € 70 million. The new fund plans to back 25 startups across the CEE region.
- Established in 2010, KAYA is a generalist venture capital fund that invests globally. The firm announced the launch of Fund V last June, targeting €80 million.
- KAYA's portfolio includes 45 companies, with total holdings valued at €350 million. It strongly focuses on startups from Slovakia, Poland, and the Czech Republic.
- Two of its portfolio companies have achieved unicorn status: Rohlik, a fast-growing Czech online grocery platform, and Docplanner, a Polish company that operates the world’s leading healthcare booking platform.
- KAYA Fund V will invest in early-stage startups — from pre-seed to Series A — across the CEE region. Its initial cheques will range from €1 to €3 million, with the option to invest up to €20 million in a company over time.
"We look for founders with big dreams and the courage to go global, and we want to be their first partners and long-term supporters: we enter at an early stage and stay on as the company grows into a truly global, impactful company," explains Tomas Obrtac, Partner at KAYA.
- While KAYA has historically focused on Czech, Slovak, and Polish startups, this fund's scope expands to the wider CEE region, including emerging tech ecosystems in countries like Hungary, Bulgaria, Croatia, and Slovenia.
- KAYA’s investors include Central European entrepreneurs, repeat founders, multinational funds, major institutions, and regional banks.
