Undoubtedly, Prague is one of the most beautiful cities in the world with a collection of breathtaking architecture. However, this historical value has not stopped the city from being one of the most fertile tech startup hubs in Europe. The ancient city is home to a slew of innovative startups, tech giants such as Avast, and some investors.
If you were wondering how Prague is one of the emerging startup ecosystems in Europe, then you need to know that the corporate tax levels are among the lowest in this city and the living cost is also too low. Eventually, companies can scale quickly and face ower risks.
Given that Prague is a successful startup hub in Europe, here we have listed 10 fast-growing Prague startups as sourced from Dealroom.
Memsource
Founder: David Canek
Founded year: 2010
Why its hot: Memsource works with the mission to help global companies translate efficiently. It uses AI-powered translation technology, which makes localisation easier, cost-effective, and faster. As a result, the information that people want is accessible and more widespread than ever before. This software has a team from over 15 countries speaking more than 20 languages.
Zentity
Founder: Abhishek Balaria
Founded year: 2008
Why its hot: Zentity is a mobile-focused digital solutions provider with its operations across Europe and customer base spanning over the world. The company understands the customers’ business drivers and defines a strategy for using mobile devices to meet their objectives. Its apps and platforms are defined upon the same strategy.
JetBrains
Founders: Sergey Dmitriev, Valentin Kipiatkov
Founded year: 2000
Why its hot: JetBrains builds productivity software for developers focused on what they want to accomplish and less on repetitive and mundane tasks. Since its advance, this company wants to make the strongest and most effective developer tools. By automating regular checks and corrections, its tools can speed up production and let developers to discover, grow, and create.
Inventi
Founders: Jan Kaštura
Founded year: 2011
Why its hot: Inventi is a technology and consulting software company. It works with the mission to translate ideas into the digital world. Inventi Solution creates tailor-made solutions for large and medium-sized companies and startups. This company is a partner for software and mobile application development such as analysis, design, testing, DevOps and agile project management.
Pilulka
Founded year: 2013
Why its hot: Pilulka operates not only e-shops but also more than 140 pharmacies. In addition to selling medicines, this startup lets you prevent health issues by providing a range of sports nutrition and food supplements. Pilulka lets you buy medicines right from the comfort of your home and get the same delivered to your doorstep. In Prague, this company delivers orders with Pills Cars assuring fast and quality delivery at the designated time.
BudgetBakers
Founder: Jan Muller
Funding: €420k
Founded year: 2010
Why its hot: BudgetBakers is a fintech startup, which developed the personal finance Wallet app. This app lets consumers track their spending habits and save money. Now, this app has clients across the world, especially Russia, the USA, and Indonesia. As of 2019, this app is used by 300,000 active users and has registered more than three million downloads.
LIV
Founders: AJ Shewki
Funding: €3.3 million
Founded year: 2016
Why its hot: Prague-based LIV powers spectator experiences for Virtual Reality for the audience outside the headset. Its proprietary technology puts real people inside digital worlds and broadcasts that experience to the world. What’s more interesting is that all these are done in real-time.
Gamee
Founder: Bozena Rezab
Funding: €4.5 million
Founded year: 2015
Why its hot: Gamee is specialised in mobile gaming and is one of the promising startups in the sector. The startup cooperates with select brands on creating and launching gaming-centric content. It focuses mainly on global brands that are highly active on social media where games delivery engagement with audiences.
Decissio
Founder: Decissio
Founded year: 2016
Why its hot: Decissio is an online service, which leverages Artificial Intelligence to optimise and bring data power to investment-related decision making processes. The company lets you discover hidden insights from a pool of data and lets you manage the entire decision-making process in a single tool.
Supernova Studio
Founders: Jiri Trecak, Oskar Koristka
Funding: €590k
Founded year: 2018
Why its hot: Supernova is an innovative tool meant for app developers. While mobile application development is a slow and cumbersome process, this startup aims to bridge this gap between the developers and designers and let them create functioning native apps for the first time. It helps developers cut down the overall time spent in the development by removing the UI work completely.
Stock photo from Catarina Belova/Shutterstock
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