Slovak Funding Rounds in H1 2024: CloudTalk Takes the Lead in Top Rankings

• Slovak Funding Rounds: In H1 2024, CloudTalk secures €26M in Series B funding
• GA Drilling receives €14M in late VC funding for zero-carbon energy solutions
• Powerful Medical raises €7.5M in early VC funding for cardiovascular disease diagnosis
• Boataround secures €5.5M in early VC funding for global yacht reservations
• The Recursive covers top tech funding rounds in Slovakia, part of CEE milestones mapping series

Top Slovak Funding Rounds in 2024: CloudTalk Leading the Top

In the first half of 2024, the Slovak startup ecosystem remained rather steady compared to the previous period, with three startups securing significant investments (over €7M). Let’s delve into the details of the top funding rounds in Slovakia that have made waves in the tech industry.

CloudTalk: Revolutionizing Business Communication

CloudTalk, a leading Slovak startup, has recently secured a massive funding round of €26M in Series B financing, bringing its total funding to €27.5M. The investors backing this innovative company include Point Nine Capital, henQ, Presto Ventures, and Orbit Capital. Founded by Martin Malych and Viktor Vanek, CloudTalk specializes in AI Business Calling Software, enabling customer support and sales teams to automate workflows seamlessly. Their platform empowers businesses to connect with customers faster and more efficiently, making customer experience a competitive advantage.

GA Drilling: Pioneering Sustainable Energy Solutions

Another standout in the Slovak funding landscape is GA Drilling, which raised €14M in its latest late VC round, reaching a total funding of €31M. Investors such as Neulogy Ventures, Nabors Drilling, Underground Ventures, Thomas von Koch, and Alfa8 have shown confidence in this company. Co-founded by Dusan Kocis, Igor Kocis, Ivan Kocis, and Tomas Kristofic, GA Drilling focuses on Manufacturing and offers scalable, modular solutions for zero-carbon emissions energy production. Their patented PLASMABIT & ANCHORBIT technology aims to provide local and independent sources of electricity, heating, clean water, and food production.

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Powerful Medical: Transforming Healthcare with AI

Powerful Medical, a HealthTech startup, secured €7.5M in early VC funding, bringing its total funding to €19M. The EIC Fund was the sole investor in this round. Founded by Timotej Palus, Robert Herman, Martin Herman, Viktor Jurasek, and Simon Rovder, Powerful Medical leverages artificial intelligence to empower clinicians in accurately diagnosing cardiovascular diseases and treating cardiac patients with higher confidence.

Boataround: Simplifying Yacht Reservations

Boataround, a Travel startup, raised €5.5M in early VC funding, reaching a total funding of €6.2M. The EIC Fund was the key investor in this round. Co-founded by Jana Escher and Pavel Pribis, Boataround offers an easy and safe platform for yacht reservations worldwide, catering to a range of vessels from small motorboats to luxurious yachts.

These funding rounds demonstrate the diverse range of innovative startups emerging from Slovakia and the significant investments pouring into the country’s tech sector. As the ecosystem continues to evolve, these companies are poised to make a lasting impact on their respective industries and beyond.