Szechenyi Funds
Rákóczi street 42. (EMKE Office Building) VI. storey, Budapest, 1072, Hungary
Overview
Széchenyi Capital Fund Management, a state-owned investment company, finances micro-, small- and medium-sized companies in Hungary.
- Total investments
- 2
- Lead investments
- 1
- Investments · 12mo
- 1
- Active investors
- 0
Investment portfolio
- Novamigra Therapeutics
Participated · Equity · Jan 2026
Novamigra Therapeutics is an innovative pharmaceutical company spun out of VRG Therapeutics and focused on developing next-generation preventive treatments for migraine. Its lead compound, VRG-145, is aimed at patients who fail to respond adequately to existing options such as antiepileptics, beta-blockers, antidepressants, calcium-channel blockers, and CGRP-targeting drugs. Over the past year the company has aligned its clinical strategy with both the U.S. FDA and Hungary’s NNGYK, finalized the design of a 36-volunteer Phase 1 pharmacokinetic and safety study, and completed key CMC pre-formulation work. Novamigra has also reinforced its intellectual-property position with patents published by the EPO and USPTO and an additional priority filing in the United States. To date, the company has raised roughly €5 million, including about €2 million in non-dilutive grants from Hungary’s NKFIH and the newly secured ~€3 million financing round. Management is actively exploring strategic co-development and commercialization partnerships with European pharmaceutical companies as VRG-145 moves toward first-in-human testing.
- Talk-A-Bot
Led · Series A · Jan 2023
Founded in 2016 and based in Budapest, Talk-a-Bot develops CHEQ, a proprietary AI communications tool designed to automate internal and external corporate communications. CHEQ is multilingual (supporting 100+ languages) and is built from over 30 integrable function modules. The company says its content-communication know-how yields roughly an 85%–95% response accuracy rate for deployed bots. Its solution targets industrial, logistics and commercial companies and aims to bring frontline and hard-to-reach workers into corporate communication flows. Talk-a-Bot reports usage by more than 100 international and domestic companies, including customers such as the Hungarian Central Bank, Auchan, Burger King, Codecool, Erste Bank, Bosch and GoodMills. The startup plans to expand further across the CEE market and take a leadership role there, with particular focus on supporting digitalization in the manufacturing sector.
Team
No current team members are available.