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Credo Ventures has raised $88 million for its fifth fund, Credo Stage V, reinforcing its long-standing commitment to early-stage investing in Central and Eastern Europe (CEE). The Prague-based venture capital firm will focus on pre-seed investments, often backing startups before they generate revenue or even launch a product, aiming to support founders from initial experimentation through to scale and potential IPO.
The fund is supported by a mix of international and regional investors, including Adams Street Partners, Sequoia Capital, Isomer Capital, and Marktlink Capital, among others. Credo continues to follow its strategy of investing early and staying closely involved as companies grow into category leaders.
Founded in 2009, Credo Ventures has built a strong track record in the region, having backed over 100 companies, including two decacorns. Notable investments include AI voice startup ElevenLabs and automation leader UiPath, which went public with a valuation of around $35 billion.
With CEE increasingly recognized as a hub for high-quality engineering talent and globally competitive startups—particularly in AI and deep tech—Credo sees significant opportunity. The firm believes the region has evolved from an undercapitalized market into a proven breeding ground for large-scale technology companies, making early-stage investment more compelling than ever.
About Credo Ventures
Credo Ventures is a Prague-based venture capital firm focused on early-stage investments in technology startups across Central and Eastern Europe. Founded in 2009, the firm backs ambitious founders from pre-seed to growth stages, with a strong track record including companies such as UiPath and ElevenLabs. Credo partners closely with entrepreneurs to help build globally competitive businesses, particularly in AI, software, and deep tech sectors.
