5:11 26 June 2025
Czech funds target Poland
Czech investors are increasingly eyeing Polish start-ups. Kaya, a Prague-based VC fund known for backing Booksy and DocPlanner, has raised a new €70 million fund and plans to invest a significant share in Poland.
Kaya, led by partners Tomas Pacinda and Karel Zheng, aims to support 25 early-stage start-ups—primarily in technology—through seed to Series A rounds. Typical investments range from €1–3 million, but can rise to €20 million in follow-ups.
The fund, founded in 2010 as Enern Tech, manages €300 million in assets and holds stakes in 45 firms, including Rohlik, Jutro Medical, and Better Stack.
Pacinda notes Poland’s edge: “PFR accelerated market development. The Czech ecosystem lacks this kind of institutional support.”
Kaya sees Warsaw as a key base. “We spend a week a month there,” adds Zheng. “Poland remains central to our strategy.”
