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KAYA

Europe, Hlavni mesto Praha, Czech Republic, Prague

Description

KAYA, formerly known as Enern, is a prominent early-stage venture capital fund based in Prague, Czech Republic, with a strong focus on the European startup ecosystem. Established in 2010, the firm has built a reputation for backing intrepid founders across the continent, leveraging its deep roots in Central and Eastern Europe. KAYA rebranded from Enern in 2021, signifying its continued evolution and commitment to supporting innovative companies.

The firm primarily targets Seed and Series A rounds, demonstrating a preference for early-stage companies with high growth potential. KAYA typically deploys initial cheques ranging from €500,000 to €3,000,000, which translates to approximately $540,000 to $3,240,000 USD, depending on the prevailing exchange rates. Their investment strategy emphasizes a hands-on approach, providing not just capital but also strategic guidance and operational support to their portfolio companies.

KAYA boasts a substantial track record, managing over €100 million (approximately $108 million USD) in assets across multiple funds, including their active Fund III and Fund IV. Since its inception, the firm has made over 50 investments, contributing to the growth of numerous successful ventures. Furthermore, KAYA has achieved more than 10 exits, underscoring its ability to identify and nurture companies that deliver significant returns. Their long-standing presence and consistent activity in the European VC landscape solidify their position as a key player in early-stage funding.

Investor Profile

KAYA has backed more than 67 startups, with 4 new investments in the last 12 months alone. The firm has led 17 rounds, about 25% of its total and boasts 8 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Pre Seed rounds (top funding stages).
  • Majority of deals are located in Czech Republic, United States, Poland.
  • Strong thematic focus on Software, E-Commerce, Health Care.
  • Led 2 rounds in the past year.
  • Typical check size: $540K – $3.2M.

Stage Focus

  • Seed (39%)
  • Series A (24%)
  • Pre Seed (18%)
  • Series Unknown (9%)
  • Series C (3%)
  • Series B (3%)
  • Series E (1%)
  • Series D (1%)
  • Debt Financing (1%)

Country Focus

  • Czech Republic (39%)
  • United States (22%)
  • Poland (12%)
  • Germany (4%)
  • Spain (4%)
  • Turkey (4%)
  • Estonia (1%)
  • Austria (1%)
  • United Kingdom (1%)
  • Canada (1%)

Industry Focus

  • Software
  • E-commerce
  • Health Care
  • Saas
  • Internet
  • Information Technology
  • Fintech
  • Apps
  • Mobile Apps
  • Mobile Payments
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does KAYA frequently co-invest with?

Piton Capital
Europe, England, United Kingdom, London
Co-Investments: 3
S
Europe, Stredocesky kraj, Czech Republic, Prague-vinohrady
Co-Investments: 4
Calm/Storm Ventures
Europe, Wien, Austria, Vienna
Co-Investments: 3
MITON
Europe, Hlavni mesto Praha, Czech Republic, Prague
Co-Investments: 7
DN Capital
North America, California, United States, Menlo Park
Co-Investments: 4
Protos Venture Capital
Europe, Mazowieckie, Poland, Warszawa
Co-Investments: 4
Manta Ray Ventures
Europe, England, United Kingdom, London
Co-Investments: 3
redalpine
Europe, Zurich, Switzerland, Zürich
Co-Investments: 4
Credo Ventures
Europe, Hlavni mesto Praha, Czech Republic, Prague
Co-Investments: 7
Point Nine
Europe, Berlin, Germany, Berlin
Co-Investments: 3

Which angels does KAYA often collaborate with?

ZC
North America, California, United States, San Francisco
Shared Deals: 2
Piotr Jakubowski
Asia, Jakarta Raya, Indonesia, Jakarta
Shared Deals: 1
AL
North America, California, United States
Shared Deals: 1
OE
Europe, Istanbul, Turkey
Shared Deals: 2
JM
North America, United States
Shared Deals: 2
KH
Europe, Berlin, Germany, Berlin
Shared Deals: 3
MS
Europe, Hlavni mesto Praha, Czech Republic, Prague
Shared Deals: 3
CG
Europe, United Kingdom
Shared Deals: 1
Rohan Monga
Asia, Tokyo, Japan
Shared Deals: 1
Shared Deals: 1

What are some of recent deals done by KAYA?

E2B

San Francisco, California, United States

E2B develops a cloud infrastructure tailored for AI agents and applications.

Artificial Intelligence (AI)Cloud ManagementDeveloper APIsSoftware
Series AJul 28, 2025
Amount Raised: $21,000,000

TopK is a serverless, cloud-native, document database built for powering search applications.

Information TechnologySoftware
SeedJul 1, 2025
Amount Raised: $5,500,000
Riptides

Budapest, Budapest, Hungary

Riptides is the non-human identity fabric for your workloads and AI agents.

ComputerNetwork Security
Pre SeedApr 23, 2025
Amount Raised: $3,300,000
Jutro Medical

Warsaw, Mazowieckie, Poland

Jutro Medical offers a combination of online and offline primary care pairing mobile-first telemedicine with a physical clinic.

Health CareMedicalPrimary and Urgent CareWellness
Series AMar 19, 2025
Amount Raised: $13,064,211
Upheal

Middletown, Delaware, United States

Upheal is a health care company that offers a therapy tool for mental health clinicians via video calling, automated progress.

Artificial Intelligence (AI)Electronic Health Record (EHR)Health CareMental HealthNatural Language ProcessingSoftware
Series ANov 14, 2024
Amount Raised: $10,000,000
E2B

San Francisco, California, United States

E2B develops a cloud infrastructure tailored for AI agents and applications.

Artificial Intelligence (AI)Cloud ManagementDeveloper APIsSoftware
SeedOct 18, 2024
Amount Raised: $11,524,871
Zeta Labs

San Francisco, California, United States

Zeta Labs develops autonomous agents capable of performing browser-based tasks efficiently.

Artificial Intelligence (AI)Information TechnologySoftware
Pre SeedJun 13, 2024
Amount Raised: $2,900,000
Artificial.Agency

Edmonton, Alberta, Canada

Artificial Agency is an AI firm that is pioneering generative behavior in gaming.

Artificial Intelligence (AI)Software
SeedMay 31, 2024
Amount Raised: $12,461,187
TrueClaim

San Francisco, California, United States

Maximizing healthcare benefits for self-insured employers.

Employee BenefitsHealth CareHealth Insurance
Pre SeedFeb 27, 2024
Amount Raised: $2,100,000
Better Stack

San Francisco, California, United States

Delightful observability tools that turn your logs & monitoring into a secret weapon for shipping better software faster.

DevOpsInformation TechnologyInternetSaaSSoftware
Series UnknownJan 22, 2024
Amount Raised: $10,000,000