HOME›REPORTS›SLOVAKIA STARTUP FUNDINGQ3 2026 UPDATE

REPORT / Q3 2026 UPDATE / DATA TO 30 SEPTEMBER 2026

Slovakia startup funding report

Slovak startups raised €55m in 11 rounds in the first nine months of 2026, against €72m in 18 rounds a year earlier.

Funding data for Slovak startups is scattered. Rounds are announced by companies, funds, angel networks and the press, often months after they close, and no single database has them all or has them right.

This report builds one record from all of them. We cross check startup databases against company, investor and press announcements, take out grants and loans that are reported as rounds, and add the rounds that were never fully recorded.

It covers venture rounds and exits of startups headquartered in Slovakia, and of startups that started here and moved their headquarters abroad. It uses the same record and rules as our CEE startup funding report, so Slovakia can be set against the other nine countries.

We add a quarter every three months. If you are raising in Slovakia, it shows how many rounds close, at what size, and who writes the first cheques.

Highlights

€55m
Raised in 9M 2026
-24% on 9M 2025

€55m in the first nine months, down 24% on a year earlier (€72m). The largest round is GA Drilling's €40m growth round, 73% of the total.

9
Seed and later rounds in 9M 2026
13 in 9M 2025

9 seed and later rounds this year, against 13 a year earlier, and 11 rounds in all against 18. Pre-seed is where the record of recent rounds is least complete, and its count will rise as late rounds surface.

0
Venture-backed exits in 9M 2026
0 in 9M 2025

No venture-backed exits by September, against 0 in the same months of 2025.

01 / THE MARKET

The market

Capital down 24% on the same months of 2025. Rounds: 11 against 18.

Capital raised by stage, € millions
SHOW DATA
Capital raised by stage
RowPre-seedSeedSeries AGrowthTotal
20242.3139.4171196
20251.5141680112
9M 20261.38.25.54055

Slovakia raised €195m in 2024 and €112m in 2025. The largest 2025 round, Greenway Infrastructure's €50m, was 45% of that year. 2026 has €55m so far.

9M 2026 covers January to September 2026. The dashed line marks the same months of 2025.

Number of rounds by stage
SHOW DATA
Number of rounds by stage
RowPre-seedSeedSeries AGrowthTotal
2024794626
20255132222
9M 2026271111

26 rounds in 2024, 22 in 2025 and 11 so far in 2026. Some rounds are recorded months late, so the latest quarters will rise.

Same months, like for like: 9M 2026 against 9M 2025
Year to date against the same months last year
Row9M 20259M 2026Change
Capital€72m€55m▼ -24%
Rounds1811▼ -39%
Pre-seed rounds52▼ -60%
Seed rounds117▼ -36%
Series A rounds11flat
Growth rounds11flat
Capital by quarter, € millions

Quarter by quarter, capital swings with the timing of large rounds. The count of rounds is the steadier signal.

The latest quarter is still filling in and will rise.

02 / SLOVAKIA IN THE REGION

Slovakia in the region

Slovakia raised €21 per person in 2025, 6th of the ten countries.

The same record and rules for all ten countries, so the comparison is like for like. Capital per person divides each country's capital by its population.

Ten CEE countries, 9M 2026 against 9M 2025, most capital per person first
Capital and rounds by country, 9M 2026, with capital per person
Country€m 9M 2026ChangeRounds 9M 2026Change€ per person 2025€ per person 9M 2026
Estonia133▼ -48%39▼ -49%25897
Lithuania182▲ +3%28▼ -42%7563
Czechia513▲ +101%47▼ -15%2847
Bulgaria199▲ +91%22▼ -4%3231
Hungary122▲ +3%22▼ -35%1313
Slovakia55▼ -24%11▼ -39%2110
Ukraine282▲ +336%50▼ -29%27
Poland226▼ -10%67▼ -27%106
Latvia12▼ -84%4▼ -73%436
Romania105▲ +14%30▼ -6%96

Population on 1 January 2025.

Slovakia and its neighbours, capital by year, € millions
SHOW DATA
Slovakia and its neighbours, capital by year
Row202420259M 2026
Slovakia19511255
Czechia386303513
Poland263367226
Hungary59122122
Slovakia and its neighbours, rounds by year
SHOW DATA
Slovakia and its neighbours, rounds by year
Row202420259M 2026
Slovakia262211
Czechia877447
Poland13312967
Hungary484522

In 2025, Slovakia closed 22 rounds, against 74 in Czechia, 129 in Poland and 45 in Hungary.

03 / STAGES AND ROUND SIZES

Stages and round sizes

The typical seed round in 2025 was €1.1m.

Rounds by company stage. Where one round can move a stage's total, the count and the typical round tell more than the capital.

Rounds, capital and median round by stage
Rounds, capital and median round size by stage and year
RowRounds 2024€m 2024Rounds 2025€m 2025Rounds 9M 2026€m 9M 2026Median 2024Median 2025Median 9M 2026
Pre-seed7€2.3m5€1.5m2€1.3m€0.3m€0.4m-
Seed9€13m13€14m7€8.2m€1.6m€1.1m€1.2m
Series A4€9.4m2€16m1€5.5m€1.7m--
Growth6€171m2€80m1€40m€20m--

Median shown where at least three rounds of the stage disclosed an amount.

Pre-seed

Seven rounds in 2024, 5 in 2025 and 2 so far in 2026. The typical pre-seed round in 2025 was €0.4m.

Seed

Nine rounds in 2024, 13 in 2025 and 7 so far in 2026. The typical seed round in 2025 was €1.1m.

Series A

Four rounds in 2024, 2 in 2025 and 1 so far in 2026.

Growth

Six rounds in 2024, 2 in 2025 and 1 so far in 2026.

04 / SECTORS

Sectors

Energy and climate raised the most this year: €41m in two rounds.

By number of rounds since 2024, the largest sectors are AI (17), enterprise software (13) and marketing and media (12). A company can sit in several sectors, so sector totals overlap.

Capital by sector, € millions
SHOW DATA
Capital by sector
Row202420259M 2026
Energy and climate1465141
Hardware and robotics1462.040
Enterprise software315.510
AI1.8135.7
Marketing and media271.44.1
Fintech1.08.42.0
Education1.00.51.0
Health and bio9.28.80.0

Ranked by 9M 2026 capital. Sectors overlap.

Rounds by sector
SHOW DATA
Rounds by sector
Row202420259M 2026
Energy and climate522
Hardware and robotics522
Enterprise software634
AI575
Marketing and media534
Fintech421
Education121
Health and bio420

Same sectors, counted by number of rounds.

05 / LARGEST ROUNDS

Largest rounds

The largest round this year: GA Drilling, €40m.

Largest rounds, 9M 2026
Largest rounds 9M 2026
CompanyStageAmountMonthLead or first investor
GA DrillingGrowth€40mMar 2026TomEnterprise AB
SloneekSeries A€5.5mJun 2026Slovakia Venture to Future Fund
DefinicSeed€2.5mJun 2026J&T Ventures
VesloSeed€2.0mJul 2026Slovak Investment Holding
VisionFlowSeed€1.4mSep 2026Slovak Investment Holding
DAITABLESeed€1.0mJul 2026Undisclosed
ReadmioSeed€1.0mFeb 2026Simpact Ventures
TrollWallPre-seed€0.8mApr 2026Seed Starter SK
AdSpawnPre-seed€0.5mApr 2026Rockaway Ventures
Deal machine (CloseRocket)Seed€0.3mApr 2026Slovak Investment Holding

Rounds with a disclosed amount.

Largest rounds, 2025
Largest rounds 2025
CompanyStageAmountMonthLead or first investor
Greenway InfrastructureGrowth€50mMar 2025Mirova
GymBeamGrowth€30mNov 2025PortfoLion Capital Partners
FinaxSeries A€8.4mDec 2025Undisclosed
HilbiSeries A€8.0mApr 2025Ishtar Advisory Limited
PERRY SOFT (Simplicity)Seed€3.0mSep 2025Slovak Investment Holding
VestberrySeed€2.2mMar 2025Slovakia Venture to Future Fund
Cequence.ioSeed€2.0mJun 2025Jet Investments
CulturePulseSeed€1.4mFeb 2025Rockaway Ventures
AgeVoltSeed€1.3mFeb 2025Slovak Business Agency
BoataroundSeed€1.0mNov 2025Miton

06 / STARTED IN SLOVAKIA, BASED ELSEWHERE

Started in Slovakia, based elsewhere

Five rounds since 2024 by companies that started in Slovakia and are based elsewhere. They count in the totals.

Companies that started in Slovakia, or keep their main team here, but are headquartered elsewhere. They count in the totals, under Slovakia. Companies that Slovak founders built abroad, with no base here, are not included.

Rounds since 2024, newest first
Rounds of companies started in Slovakia and based elsewhere
CompanyBased inAmountMonthIn totals
SloneekUnited Kingdom€5.5mJun 2026Yes
SloneekUnited Kingdom€3.6mSep 2024Yes
SurgLogsUnited States€2.3mOct 2024Yes
HypherdataNetherlands€0.9mAug 2024Yes
SurgLogsUnited StatesUndisclosedNov 2024Yes

07 / INVESTORS

Investors

Slovak Investment Holding joined the most pre-seed and seed rounds since January 2025: 10.

Most active at pre-seed and seed since January 2025: Slovak Investment Holding (10 rounds), Czech Founders VC (4 rounds) and Simpact Ventures (3 rounds). Investors are ranked by the rounds they joined, led or followed, over 2025 and 2026 together.

Most active at pre-seed and seed, 2025 to 9M 2026
Most active pre-seed and seed investors in Slovakia
InvestorBased inRoundsLed
Slovak Investment HoldingSlovakia104
Czech Founders VCCzechia43
Simpact Venturesn/a32
Seed StarterCzechia30
Rockaway VenturesCzechia21
Seed Starter SKSlovakia21
undisclosed private investorn/a20
Baryon FundLuxembourg11
Gluon SyndicateSlovakia11
InnovatricsSlovakia11
Most active from Series A, 2025 to 9M 2026
Most active Series A and growth investors in Slovakia
InvestorBased inRoundsLed
Ishtar Advisory LimitedUnited Kingdom11
MirovaFrance11
PortfoLion Capital Partnersn/a11
TomEnterprise ABn/a11
EBRDn/a10
Nabors IndustriesBermuda10
Orbit Capitaln/a10
Slovakia Venture to Future FundSlovakia10
Underground VenturesDenmark10
Rounds with at least one investor based outside CEE
SHOW DATA
Share of rounds with an international investor
Row202420259M 2026
All rounds50%17%43%

Rounds with a fund from outside CEE: 50% in 2024, 17% in 2025 and 43% in 2026 so far, of rounds where investor headquarters are known.

Share of rounds where investor headquarters are known: 16 in 2024, 12 in 2025, 7 in 9M 2026.

08 / EXITS

Exits

The most recent: Photoneo, bought by Zebra Technologies, December 2024.

One venture-backed exit since 2024: 1 in 2024, 0 in 2025 and 0 in 2026 so far. Deal values are rarely disclosed, so we count exits instead of summing them.

Venture-backed exits since 2024
Exits since 2024
CompanyMonthTypeBuyer
PhotoneoDec 2024AcquisitionZebra Technologies

09 / METHODOLOGY

Methodology

What the report covers

Period: January 2024 to September 2026. Past years are shown in full. The current year runs to the end of the last complete quarter.

Companies: startups headquartered in Slovakia, and startups that began in Slovakia or keep their main team here and later moved their headquarters abroad. Every kind of startup is included: software and hardware, business and consumer.

Events: venture funding rounds, and exits (acquisitions, buyouts and stock market listings).

Sources: public sources only, namely startup databases, company, investor and angel network announcements, and the press.

Every round and exit named in the report links to its announcement. Totals, changes and charts are built from all rounds and are not linked.

This edition covers 59 venture rounds (49 with a disclosed amount) at 50 companies, and 1 exits. Next update: January 2027, adding Q4 2026.

Stages

Stages are the label the company announced or the source assigned. Where a label clearly does not fit the size of the round, such as a very large round called seed, the round is placed by its size. Where there is no label, round type and size decide.

How it is counted

  • Funding rounds are equity and convertible venture rounds, including angel network rounds. Grants, loans, state support programmes, crowdlending, secondary sales and investments after a listing are not counted.
  • Amounts are in euros, converted at about 1.10 US dollars to the euro. Rounds without a disclosed amount count toward the number of rounds but not toward capital.
  • Companies that are not startups are left out even when they raise venture money, such as established manufacturers, service firms and lenders.
  • Rounds and exits are cross-referenced against company, investor and press announcements where possible.

Limits

  • Public data does not capture every round, so counts are a floor. Small angel rounds are the most likely to be missing.
  • Some rounds are recorded months after they happen. Each update adds them to the month they happened in, so recent quarters, the latest above all, will rise.
  • Slovakia's record includes our own search of local press, investor portfolios and companies based abroad (October 2026), which added rounds the startup databases had missed.
  • Where a country raises a few dozen rounds a year, one round can move a total by more than half. Read changes in capital with the largest round in mind.

RESEARCH AND ANALYSIS: BADIDEAS.FUND.

Raising pre-seed or seed in Slovakia

SEND THE DECK →