Capital raising services in Slovakia
Slovakia's venture market is growing steadily from a strong enterprise technology base, with Bratislava emerging as an increasingly active deal hub.
ESET, Slido's acquisition by Cisco, and the continued growth of Vacuumlabs and Tachyum have demonstrated that Slovak companies can attract significant cross-border investor interest in cybersecurity, fintech infrastructure and deep hardware.
Flow works with mid- to late-stage Slovak companies raising growth capital on the best available terms - applying an extensive VC investor network, thorough fundraise preparation, pitch deck building, financial and operating model construction, and end-to-end process management through to close.
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VC rounds raised in the last 12 months in Slovakia
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Median VC valuation (across all stages) in Slovakia
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Median VC revenue multiple (across all stages) in Slovakia
$2.4M
Largest VC round raised in Slovakia in the last 12 months
Raising venture capital in Slovakia
Slovakia's VC market is small but growing, with Bratislava as the centre. Local VCs anchor seed and Series A; cross-border participation from Czech, Polish, Austrian and German investors is common at growth stage.
Slovak VC conventions
Slovak venture rounds typically use documentation aligned with CEE conventions and broader European venture practice. The Slovak Venture Capital Association (SLOVCA) coordinates industry standards but does not publish a single universal template.
Convertible loans and SAFEs
Convertible loan notes are the standard pre-priced instrument in Slovakia. SAFEs are used occasionally where the lead investor is US-based. Conversion typically at the next priced round at a discount or capped valuation.
Round structure norms
Priced rounds use 1x non-participating liquidation preference with broad-based weighted average anti-dilution. Founder vesting (4-year, 1-year cliff) is increasingly standard. Slovak s.r.o. and a.s. structures require notarised resolutions for share transfers and capital increases.
Public co-investment
Public co-investment is limited compared to Poland or Hungary. EU Recovery and Resilience Plan funding flows through ministerial agencies rather than direct equity vehicles. Slovak Investment Holding partners with commercial funds for most direct equity.
Foreign investment screening
Slovakia's FDI screening regime requires notification of qualifying investments by non-EU acquirers in Slovak companies in sensitive sectors - defence, dual-use, AI, critical infrastructure. Adds notification time and conditions to scoped transactions.
Notarised closings
Capital increases and share transfers in Slovak s.r.o. and a.s. companies require notarised resolutions and Business Register filings. Closings are notary-driven events with associated formalities and fees.
Startups who recently raised money in Slovakia
Largest VC round raised recently in Slovakia was a $900K Seed of TrollWall AI in April 2026.
See all VC rounds in Slovakia| Logo | HQ | Description | Investors | |||||
|---|---|---|---|---|---|---|---|---|
Apr-26 | TrollWall AI | | TrollWall AI is a B2B SaaS platform deploying autonomous AI agents for social media moderation and community management on major platforms. | Miroslav FedorSeed Starter Slovenskej sporiteľne+1 | $900K | - | Seed | |
Jan-26 | C | Carta Genum | | - | Czech Founders VC | $0 | - | Pre-seed |
Jan-26 | Firefish | | - | - | - | - | Series A | |
Jan-26 | Airvolute | | Airvolute is a Singapore-headquartered developer of AI-driven autonomous flight systems for UAVs serving businesses and governments. Its DroneCore autopilot delivers up to 100 TOPS computing power for GNSS-denied missions, supporting mapping, surveillance, and delivery. Airvolute manufactures reference UAVs with open-architecture designs compatible with rotary and fixed-wing platforms. Deployments include defense and industrial inspections in Asia Pacific. | Baryon Investment Fund | - | - | Seed |
Top VCs and strategic investors in Slovakia
Seed Starter Slovenskej sporiteľne, Slovak Investment Holding, Jet Ventures and Czech Founders VC funded the most startups in Slovakia in the last 12 months.
See all VCs in Slovakia| Logo | HQ | Description | Key portfolio | |||
|---|---|---|---|---|---|---|
Vision Ventures | | Vision Ventures is a Singapore-headquartered early-stage venture capital firm targeting seed and Series A investments in technology startups across fintech, healthtech, and consumer sectors. Its hands-on approach includes guidance in marketing strategies, sales scaling, product roadmaps, financial modeling, and international expansion for portfolio companies. The team draws from 90 years of combined entrepreneurial experience in Asia and Europe. | CloseRocketCultureboardZoniq+2 | 4 | Seed | |
Zero One Hundred | | Zero One Hundred is a venture capital firm that invests in startups from Eastern Europe and the Middle East. Backed by an entrepreneurial ecosystem, it provides seed and early-stage funding to technology companies in regions including Poland, Ukraine, Israel, and the UAE. The firm manages a portfolio spanning fintech, SaaS, and e-commerce ventures, drawing from its base in Warsaw. Zero One Hundred emphasizes hands-on support through mentorship networks connecting founders to international markets. | SuperScaleIneducoReadmio+2 | 3 | Series A | |
Venture to Future Fund | | - | SuperScaleSensoneoFaceUp+2 | 3 | Series A | |
Seed Starter Slovenskej sporiteľne | | Seed Starter Slovenskej sporiteľne is a Bratislava-based seed investment initiative by Slovenská sporiteľňa bank, funding Slovak startups in fintech, agritech, and digital services. It invests 50,000 to 150,000 euros per deal via a corporate venture program launched in 2019. | TrollWall AIEatster | 2 | Pre-seed | |
Slovak Investment Holding | | Slovak Investment Holding is a Bratislava-headquartered state-owned investment company fully owned by the Slovak government. Managing €1.2 billion primarily from European Structural and Investment Funds, it deploys repayable instruments like loans and guarantees into infrastructure projects, energy retrofits, waste treatment facilities, social enterprises, SMEs, and cultural venues across the country. | TrollWall AIEatsterInoBat | 2 | Pre-seed | |
Jet Ventures | | Jet Ventures is a Scottsdale-headquartered brokerage firm specializing in private jet sales, acquisitions, and consulting for high-net-worth individuals and corporations. The company facilitates transactions for aircraft like Gulfstream G650, Bombardier Global 7500, and Embraer Phenom 300, offering market valuations, escrow management, and pre-purchase inspections. With a global network, Jet Ventures represents sellers and buyers in North America, Europe, and Asia, including fractional ownership arrangements. | CequenceKratos Gamer Network (KGeN)TOK.tv | 1 | Seed | |
Czech Founders VC | | Czech Founders VC is a Prague-based venture capital firm investing in pre-seed startups from Central and Eastern Europe across all industries. Backed by successful entrepreneurs, the fund provides €100,000 to €500,000 checks with proactive operational support. Portfolio includes Kiwi.com and Slevomat. Established in 2020, Czech Founders emphasizes transparent terms and partner-level involvement to scale regional innovators globally. | Carta GenumMaxfusionEvery Health+1 | 1 | Pre-seed | |
Baryon Investment Fund | | Baryon Investment Fund is an early-stage venture capital firm backing technology startups in Europe. | Airvolute | 1 | Seed | |
M | Miroslav Fedor | - | TrollWall AI | 1 | Seed | |
Look AI Ventures | | - | CequenceSurveilyDigicust+1 | 1 | Seed |
What if not VC? Non-equity funding in Slovakia
Slovakia's non-dilutive funding stack is moderate by European standards - the R&D super-deduction, EU Recovery and Resilience Plan funding and Horizon Europe access provide the main non-equity capital paths for Slovak startups.
R&D super-deduction
100% R&D super-deduction (in addition to regular cost recognition) effectively reduces the cost of R&D by the corporate tax rate. The single most-used non-dilutive R&D incentive in Slovakia.
EU Recovery and Resilience Plan
Slovak EU Recovery and Resilience Plan funding flows through ministerial agencies for digitalisation, R&D and the green transition. Slow but materially valuable for qualifying companies.
Slovak Investment Holding
Slovak Investment Holding partners with commercial funds for direct equity and lending. Often used alongside private VC and EU grant funding to extend runway without dilution.
EU funding access
Slovak companies have full access to Horizon Europe programmes - EIC Accelerator grants (up to €2.5M), EIC Pathfinder, Eurostars and others. Plus structural EU funding for R&D and digital transformation.
Angel ecosystem
Eset, Sli.do, Pixel Federation and other Slovak operator alumni anchor a small but active angel scene. Tickets typically €25k-200k per investor.
Cross-border venture debt
Kreos Capital, Claret Capital Partners and HSBC Innovation Banking operate in Slovakia via cross-border lending. Typically deployed against ARR or contracted revenue from Series A onwards.
Why Flow Partners as your capital raising advisor?
Kraft KPI-driven narrative
High-growth companies require thorough understanding to accurately capture their value potential. We build compelling, data-driven equity stories that resonate with investors and minimize due diligence intensity.
Move fast and cut the BS
We have a strong appreciation for the power of speed and efficiency when fundraising. Expect a rigorously efficient deal process with minimized management distraction. Founders run the business, we pick up the heavy lifting.
Access relevant investors
Our close relationships with leading late-stage VC and growth equity investors as well as non-traditional capital providers, like family offices and sovereign wealth funds, enable us to find best-fit partners for a given scenario.
Valuation is only one part of the equation
When it comes to growth capital, valuation is only one side of the medal. We help to bridge incentive gaps between founders and investors and make sure you raise money on best possible terms.
We provide capital raising services across Slovakia and beyond
Sector expertise
Explore our VC fundraising offering across a variety of tech sectors in Slovakia.
Software
Vertical and horizontal SaaS, AI-native software products, infrastructure SaaS, cybersecurity
AI & ML
Foundation models, AI applications, AI infrastructure, semiconductors, AI consulting
Fintech
Neobanking, online payments, fintech infrastructure, lending platforms, wealth tech, online brokerage, vertical FS software
Consumer internet
Consumer software subscription platforms, edutech, online content, social networks, online dating
Digital media
Streaming platforms, mobile and console gaming, content distribution, digital publishing, VR & AR
E-commerce & marketplaces
Consumer and B2B marketplaces, inventory-based e-commerce, classifieds, lead generation platforms
Consumer products
Direct-to-consumer (D2C) brands, consumer electronics, smart home devices, lifestyle products
Mobility
Ridesharing, micromobility, food delivery, logistics tech, autonomous tech, EV charging infrastructure
Digital health
Digital therapeutics, telemedicine, mental health solutions, EHR and practice management, vertical healthcare SaaS
Industrial technology
Industry 4.0 solutions, 3D printing, climate tech, industrial IoT, robotics, smart manufacturing
Digital infrastructure
Data centers, cloud infrastructure, edge computing, network security, vertical infrastructure SaaS
IT services
Software development and testing, digital transformation, cloud services, advertising agencies, IT support services
Selected case studies
We've advised companies from series A to series D and beyond.
Our capital raising experience spans across various tech sectors and geographies.
We advised Elysian Fields on its investment into Orka, a Reykjavik-based portfolio of online consumer lending platforms, supporting deal structuring and growth-capital deployment in the Icelandic fintech market.
Recently completed VC fundraising projects
Selected capital-raising mandates and prior investment experience.
Got questions?
Schedule a call ordrop us an email to learn more about our CFO-as-a-service, capital raising and M&A advisory offering.
More services
We're with you before and after raising VC money: we help you organise your FP&A as fractional CFOs, and coordinate your M&A process.
Fractional CFO in Slovakia
We integrate into your workflows to help with financial modelling, build out FP&A tech stack, and ultimately provide guidance towards an M&A or raising venture capital.
Learn moreM&A in Slovakia
We advise winning tech companies on M&A exits, and over the years successfully executed numerous transactions with both financial and strategic buyers.
Learn moreTalk to us
Schedule a call to get a health check on your business and see how we could help.
Fractional CFO
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