Led · Series A · Mar 2025

XUND develops MDR-certified SaMD products and an internal large language model called RAVE to support digital interactions from prevention through diagnosis. Its solutions are already used by insurers, hospitals, and pharmaceutical companies as the first digital point of contact. The company employs more than 40 people across Vienna, Budapest, and London. Founded in 2018, XUND positions itself as a European homegrown champion in AI-powered healthcare infrastructure. With a recent €6 million pre-Series A raise, it is pursuing accelerated expansion in DACH and the UK and plans deeper integration of its medical devices with RAVE. The firm emphasizes building a data-driven, personalised healthcare system and aligning with EU initiatives around AI investment and technological sovereignty. XUND builds an AI-powered health assistant and four medical modules to digitise the entire patient lifecycle, enabling digital interactions from prevention to diagnosis and monitoring. Its platform uses proprietary NLP models that analyse millions of medical publications and is considered a class IIa medical device under the EU MDR. The company’s B2B customers include health insurers, healthcare providers, pharmaceutical companies, pharmacies and digital health firms. XUND plans to develop Medical Large Language Models (MedLLMs) in partnership with Thieme Group, using Thieme’s medical content combined with XUND’s NLP technology to deliver personalised medical content. The initial joint prototype with Thieme will be showcased at DMEA. XUND raised an additional €2M in a seed extension, bringing total funding to €8M to support product development and growth. XUND uses AI to analyse and process millions of medical publications and offers a medically approved/certified API that customers can use as a baseline for digital symptom assessment and patient navigation. The platform combines symptoms, personal risk factors, and demographic data to help users understand their symptoms, receive reliable assessments of possible causes, and take appropriate next steps. CEO and co-founder Tamás Petrovics says the company aims to cover the entire patient lifecycle from prevention through diagnosis, treatment, and monitoring. XUND positions itself as an infrastructure provider for digital patient interactions across insurance, pharma, digital and in-person healthcare. Financially, the company recently closed a €6 million seed round — described as one of Austria’s largest seed rounds to date. The new capital will be used to expand operations beyond the DACH region into additional European markets and to enter the U.S. market.

Participated · Seed · Oct 2024

Oxla offers an analytical database engineered for large-scale data processing with a lean architecture that aims to maximise performance while minimising resource consumption. The company claims query execution speeds up to ten times faster and up to 85% lower costs versus Snowflake, Databricks, and ClickHouse. Developed in stealth since 2020, the product targets data-intensive workloads across IoT, industrial applications, e-commerce, and cybersecurity. Oxla is a 49-person team led by founder/CTO Adam Szymański and co-founder/CEO Kacper Szcześniak and holds three granted patents with three more pending related to query-engine data flow and dynamic execution. The company says it will scale performance toward handling tens of petabytes and hundreds of thousands of queries per second. Oxla has transitioned from a Polish domicile to US legal incorporation in Delaware and plans to build a broader data platform by integrating existing analytics solutions and launching additional products. The newly raised funds will be used to drive commercialisation and further product development.

Led · Series A · Oct 2024

RedTrack provides an AI-driven analytics and automation platform that lets media buyers track performance, gain deep insights, and automate decisions across channels. The product integrates with social and shopping platforms including Facebook, TikTok, Google, WooCommerce, and Shopify. Its technology currently tracks 60,000 ad accounts that generate over $2 billion in revenue for more than 800 businesses, including ecommerce shops and marketing agencies. RedTrack positions itself as an affordable, sophisticated alternative for SMEs that cannot access expensive enterprise solutions, addressing fragmentation and declining third-party cookie visibility. The company plans to strengthen its product team, accelerate AI product development, and build a multi-touch attribution model. It will also further develop its proprietary high-load data collection and processing technology and capitalize on existing inroads into the U.S. market, where about 45% of its user base is located. RedTrack.io provides a SaaS platform that consolidates multichannel advertising data into a single UI to help media buyers and ad agencies analyse ad performance and improve ROI. The solution uses non-privacy-intrusive techniques aimed at the impending demise of third-party cookies. It targets media buyers across multiple verticals, with particular leverage for ad agencies, e-commerce, and affiliate marketers. The startup reports hundreds of customers and has been awarded for excellent support three times in a row in one year. Product plans include building new machine-learning functionality, improving onboarding, and automating the media-buying experience. The company intends to use recent funding to advance its product offering and apply ML to ease data-related challenges for media buyers.

Led · Equity · May 2024

Parkl Digital Technologies builds digital smart-parking solutions and highlights electrification in its product focus. CEO Zsolt Somogyi discussed the company’s strategy in an interview at the PropTech Hungary Conference with StartUp Online. The company says its primary Hungarian customers are B2B clients such as office buildings. Parkl received a 1.5 billion HUF investment from Lead Ventures. Management plans to use the funding to strengthen the team and hire new colleagues. Parkl aims to expand beyond Hungary into international markets, with particular focus on the Czech–Polish region where real-estate customers resemble its current client base.

Led · Series B · Jan 2024

CloudTalk offers an AI-powered VoIP calling solution used by customer service and sales teams to automate workflows and boost calling efficiency. The platform provides built-in analytics for managers to optimize performance and supports more than 70 features. It integrates with a wide range of CRMs and helpdesk tools, collecting, centralizing and processing calling data so users can customize their CX. Led by CEO Martin Malych, the company employs 140+ people. CloudTalk raised $28M in a Series B to accelerate growth and enhance its cloud phone system. No revenue or user metrics were disclosed in the article. CloudTalk provides a SaaS-based cloud call center software platform for businesses. Founded in 2018 by Martin Malych and Viktor Vanek and based in Bratislava, Slovakia, the company serves customers in over 80 countries. Today the company has a team of 57 people. It plans to use its recent funding to expand marketing, sales and product development into new regions. The company raised a €6M Series A in January 2021, following a €1.3M seed in 2019. Investors in the Series A include henQ and Point Nine Capital.