Brno-based Buylo, which automates retail and warehouse operations using RFID and AI, has raised €640,000 from Purple Ventures to support expansion and international growth, as Vestbee was told.
- Launched in 2025, Buylo develops advanced RFID solutions for retail and warehouse operations. The platform integrates RFID tags, sensors, AI, and self-checkout systems to automate inventory management, track customer behavior, reduce theft, and accelerate sales processes.
- Its technology enables real-time inventory updates, loss prevention through AI-enhanced monitoring, and rapid checkout with Scan&Pay solutions, allowing customers to complete purchases in seconds.
“We want to help retailers streamline operations and make shopping easier and faster for customers. Buylo is not just about cost savings; it’s about making retail data-driven, personalized, and transparent for both retailers and customers. I believe RFID is the future of retail and will soon be implemented by all major market players," co-founder and CEO of Buylo, Josef Voda, commented in a press release.
- Buylo also supports automated warehouse operations and personalized upsell opportunities, providing retailers with data-driven insights and operational efficiency across both sales floors and back-of-house functions.
Details of the deal
- The investment round was supported by Brno-based Purple Ventures. In 2024, the firm launched its second fund, amounting to €40 million, and intends to maintain its focus on startups in the CEE region with teams throughout the European Union.
“Retail is a sector with a huge volume of money, but data culture has been slow to take hold. Buylo offers a solution that not only reduces costs and increases sales, but more importantly, gives retailers control. And since it’s being developed in the Czech Republic by a smart and driven team, the investment was a clear choice for us,” claims Jakub Nytra, founder of Purple Ventures and co-founder of the Purple Group.
- Buylo will use the €640,000 investment from Purple Ventures to develop its RFID self-checkout and AI inventory systems, expand into Central and Eastern European markets, and hire technical and sales staff to support growth.
