JanRezab / Blog

Founder & Executive Chairman of Socialbakers.com

czech republic articles

List of international technology companies that develop in Czech Republic

Published: September 22, 2013

With one of the most popular articles I wrote so far yet, the “List of top Czech technology companies and start-ups“, we are coming to chapter #2 of this, which is to the point I was trying to make. Czech actually has a ton to offer, and I believe with the right amount of capital and focus, the resources on the market could be utilized and grown. We have got just so many great technical universities, and a huge amount of high quality developers for a reasonable price. Now don’t convince that with cheap, the economy is clearly different: Its a lot more expensive than in India, but a lot cheaper than in Silicon Valley. Thats the reality of things, and thats where the economy has it. When I say we (Czech Republic) have cost-effective resources, I don’t mean it with any disrespect to the Czech developers, I think its the reality of things, economy, price of labor, and also costs around you. I actually bet a Silicon Valley developer actually has so much more costs in other areas, that economically even the more cost effective Czech developer actually has a higher purchasing power, as the housing costs in Czech are quite good.

But to the point, I have decided to make a list of the top global technology companies that outsource or develop in Prague. This time I divided into 2 groups. As usual, contact me if you have any issue or want to add other companies. I am sure I have missed a few.

If you for example look at Red Hat, who develops entirely in Czech Republic, to DHL, which has a huge technological development center in Prague, and many other companies – you will realize the potential.

Over 500 people:

  • Red Hat (Runs all of their development from Prague)
  • DHL (Quite a few engineers – 1000+ in Prague)
  • Logica
  • Ness Technologies (Outsourcing), bought Logos
  • Accenture Services
  • Oracle
  • CA Technologies
  • Tieto (2000+ people)
  • Update: Amazon (is just putting a key logistics area, I assume it will have technology support with 10,000 people)

Less than 500 people (in engineering locally in CZ):

  • T-Systems
  • SAP
  • IBM
  • Hewlett-Packard
  • Skype (Smaller development team – 100 – 200 people)
  • Barcalays Capital Services
  • Microsoft
  • Concur
  • Disney Mobile Games
  • Take 2 Interactive (2K Czech)
  • Autodesk
  • eBay (Smaller team)
  • Honeywell
  • Netsuite
  • FNZ

By the basic count, only in the global company, its a brewing economy of about 10 – 15 000 engineers. And that is only today, and only this set of companies.

FYI: The Czech Statistical Authority has done a count on the amount of people in the ICT sector, and estimates it at 140 000, almost 3% of the economy, which is above the EU average, and actually is in the TOP5 of the European countries. These stats are for 2011, wonder what they will have cooking for 2012 and 2013.

Screen Shot 2013-09-22 at 23.53.21

List of top Czech technology companies and start-ups (Updated)

Published: July 30, 2013

Following my article Prague beats Berlin with its tech scene, could challenge London in the future!, I decided to follow the Czech tech a little more. Few weeks ago I was browsing the internet trying to find a list of the top Czech technology companies and start-ups, and it was really hard to find anything good. Either there were lists where startups with 2 people and 200 people would be combined, and it was hard to separate these companies from each other. I decided to use a method of crowd-sourcing and put a bigger list together so international investors, people, and companies could see.

I decided to make 3 lists:

  1. List of established companies – anything from growth stage, IPO or Exited companies, with an approximate value of over $5MM
  2. List of international investors in Czech Republic – list of global investors that have actively invested in at least one Czech tech. company
  3. List of early stage companies – definitely not a full list of early stage companies

One note, this list is not to be made to discuss each part. Yes, a few of the companies below might be in this list and are slightly below. Please lets not discuss this. If you disagree, tweet me @janrezab and I am happy to be open to change my mind and optimize this list.

Czechs (and Slovakia) are the masters of Enterprise Software, Security, and Gaming. Some of these companies are over 10 years old and are quite huge, definitely worth a few billion (AVG alone is worth $1,2B, Avast is similar), so if you consider the rest of the scene is at least $1 – 2B of size all together, we have a $4B market. Yeah, thats a very heavy “guestimate”, but at least 65% accurate (its $3B for sure).

Most established companies – Growth Stage, IPO, Exited

  • Enterprise Software
    • Moravia IT (1990, Translation Software) – RWS proposed to acquire Moravia IT for $320M
    • Y Soft Corporation (2000, Printing solution)
    • GoodData (2007, BI)
    • Socialbakers (2008, Social Marketing Software)
  • Security
    • AVAST (1988 !, Antivirus)
    • AVG (1991, Antivirus, IPO) – merged with AVAST in July 2016
    • ESET (1992, Antivirus, OK, its Slovakian, come on :). Lots of these startups are co-founded by Slovaks!)
    • Kerio (1997, Security, firewalls)
  • Online and mobile
    • Slevomat Group (2010, Group buying)
    • Kiwi (2012, Travel) – previously Skypicker

Established companies – Venture Stage

  • Enterprise Software / B2B Software
    • M.Dot App (2011, Software) – acquired by Godaddy in Feb, 2013
    • Apiary.io (2011, API) – acquired by Oracle in Jan, 2017
    • ZOOM International (1999, Telephony & contact centers)
    • Ytica  (2015)
    • Compelson Labs – MobilEdit (2001, Mobile)
    • Icewarp (2001, Emails)
    • Netdirect (2001, CMS) – acquired by Allegro Group
    • SuperNetwork (2004, Hosting)
    • Kentico (2004, CMS)
    • eMClient (2006, Enterprise email)
    • Webnode (2008, CMS)
    • AngelCam (2011, 500 Startups and Plug’n’Play alumni)
    • Brand Embassy (2011, Social customer service software)
    • Liftago (May 2014 – Funded by Karel Janecek)
    • Neuron Soundware
    • SpaceKnow
    • ProductBoard
    • Techloop
    • Codasip
    • Keboola (Data agency and software)
    • Comprimato (Imaging software)
    • Rossum.ai (Data input software)
  • Security
    • Safetica Technologies (2000, Security)
    • Invea-Tech (2007, Security)
    • Cognitive Security (2011, Security) – acquired by Cisco in Feb, 2013
  • Gaming
    • 2K Czech (1997, PC, formerly Illusion Softworks, developers of games like Mafia, Hidden & Dangerous, and Vietcong) – acquired by Take 2 Interactive)
    • Bohemia Interactive (1999, PC)
    • Amanita Design (2003, Mobile, Machinarium game)
    • Geewa (2005, Online)
    • Craneballs (2008, Mobile, Overkill)
    • Madfinger Games (2010, Mobile, Shadowgun, Dead Trigger)
    • Warhorse Studios (2011, Computer Games, raised almost $2M on Kickstarter)
    • Gamee (2015,  Mobile social games network)
    • Factorio
  • Fintech
    • Spendee
  • Online and Mobile
    • Pixmac (2007, Stock photos) – acquired by Pond5 in Mar, 2013
    • Shipito (2007, Ecommerce)
    • Netdevelo/Shopsys (2007, Eocmmerce)
    • Shoptet (2008, Ecommerce CMS)
    • Bigbrands (2009, Ecommerce B2C)
  • Other
    • CDN77 (2011, Cloud CDN)
  • Agency
    • Tapmates (2010, had equity for example in Yahoo acquired Summly, Piictu, Klip)
    • STRV

Seed to Early Stage Companies (1 man shows up to full companies before Series A)

Yes, this is certainly not a full list. The only condition on this list that I tried to respect that the project is run already “fulltime” by its team.

  • Possibly late Early stage (soon on the top list)
    • 360Cities
    • BuddyBet (3MM round, unclear from who)
    • CostLocker
    • Wips (by Cleevio)
    • IP Fabric
    • Runecast
    • Supernova
  • Mobile apps
    • Abdoc
    • Big Launcher
    • Dictionary9
    • RemoteAssistant.me
    • InstaShare
    • Uptaxi
    • Cera+ (Home care)
    • HappyGo (P2P Car rental)
    • Daytrip
  • Online
    • MySchoolNotebook.com by Flowmedia
    • NextStories
    • SportCentral
    • Flow Reader by Wikidi
    • Glogster
  • Games
    • Sillicon Jelly
    • Scratch Wars
  • IoT Companies
    • Angee (Security Camera)
    • BigClown (DIY security and IoT kits)
    • XTND (Electric skateboard)
    • Energomonitor.cz (Smart energy monitoring)
    •  720°
  • Data & Social Enterprise Software
    • Zoomsphere
    • PostHeads by Bubble
    • Futurelytics (2012, Predictive analytics)
  • Software
    • Survio (Survey software)
    • Gina Software (Geo information)
    • Open Brand (Brand platform)
    • Nicereply (Support tracking)
    • Molo7 (Fashion)
    • Designeros (Design network)
    • Tripomatic (Trip planner)
    • Lingvus (Translation SaaS!)
    • Phonecopy.com (Phone copier)
    • Leady.cz (Online leads management)
    • Take-Place.com (Event management)
    • Testomato by Wikidi
    • Daty
    • Manta Tools (Data platform)
    • RealPad (Software for real estate developers)
  • Local eCommerce
    • Bonami
    • Twisto.cz
    • Bileto.cz
    • StoryoUs
    • Skrz.cz
    • Ordr (by Strv)

International investors active in Czech Republic

Most of these investors are single-investors only so far, we could say they are fishing in Czech Republic and picking the best. But I think they could start being more active.

  • Index Ventures – Socialbakers, Gamee
  • Earlybird Ventures – Socialbakers
  • Fidelity Growth Partners – GoodData
  • Andreessen Horowitz – GoodData
  • General Catalyst – GoodData
  • TA Associates – AVG
  • Intel Capital – AVG, Mall.cz
  • Warburg Pincus – Centrum Holdings
  • Summit Partners – Avast
  • BlueYard Capital – SpaceKnow

Czech agency-investors and agency-incubators
Kind of a hybrid between investors and big value-add companies. They help you do the designs/UI, or help with functionality, but they are definitely all-hands, almost at an incubator level.

  • Etnetera
  • 2Fresh
  • Tapmates
  • Abdoc
  • Cleevio
  • STRV

Startups from Slovakia

  • Bigger Slovakian startups
    • Piano Media
    • Pixel Federation
    • Synopsi.tv
    • Sygic (GPS navigation) – wow, really great company
    • Innovatrics
    • QualityUnit
    • Visicom
    • Cauldron
    • Exponea (100+ people, EUR 6M funding)
  • Starting Slovakian startups

    • Prizeo
    • Nicereply
    • Meevl.com
    • Relbit.com
    • Trashout.me
    • Finviz
    • Resco.net
    • Vezma
    • Taphome
    • CoverPageApp
    • Sli.do
    • Datamolino.com
    • Inhiro.com
    • Viamo.sk
    • Getnetworker.com
    • Pixelcut.com
    • Relbit.com
    • Culcharge.com
    • Vestigen.com
    • Foodlogic.eu
    • Baranidesign.eu
    • GetGoldee.com
    • Photoneo
    • Sensoneo

Notable Czech Only disruptive start-ups

  • Seznam.cz – the Czech Yahoo / Yandex
  • Centrum Holdings – acquired by Warburg Pincus, sold one more time this year
  • Aukro.cz (Owned by Allegro, Naspers)
  • Heureka.cz – acquired by Allegro Group
  • Fler.cz
  • AAApoptavka.cz – acquired by MAFRA
  • Mall.cz – acquired by Allegro
  • Alza.cz
  • ePojisteni.cz
  • Damejidlo.cz – Food delivery service
  • Rohlik.cz – Food delivery service

Czech incubators and co-working spaces

  • StartupYard
  • TechSquare
  • Node5
  • CzechAccelerator Boston
  • Starcube Brno
  • InnovaJet (Czech Technical University – CVUT)
  • Wayra
  • Opero
  • K10
  • Paralelni Polis (First crypto-only co-working space)

I am certain there is a huge amount of brewing potential in some of these companies, definitely ready to get their $100 – 500k funding rounds to accelerate.

If you have suggestions, Tweet over to @janrezab, comment on the Facebook update, or mail me, I will add it to the list over time.

I will do my best to try and keep this list UPDATED.

One thing I hope is this list will not spark conversation who is or  isn’t on this list, yes its a selection. I was very careful to make sure to add all small regional Socialbakers competitors to avoid all doubts of my bias. I am open to suggestions, changes, and additions!

Thanks to a bunch of people help put together the list.


  1. End 2013 – Added list of Czech incubators
  2. Jan 2014 – Added list of Slovakian startups
  3. Jan 2014 – Updated list of Czech startups
  4. May 2014 – Added some updates, moved some companies up  in the top tier list – Madfinger Games, Futurelytics, CDN77, and Damejidlo.cz
  5. May 2014 – Moved Click2Stream and Brand Embassy into the “up and coming” category, practically immediate SaaS candidates to jump leap in the next 12 months.
  6. October 2014 – Major update, reflected a longer list I received, moved up to create a $25+M category (please let me know if you think its accurate and if anyone should move up or down.
  7. January 2018 – Major update, reflects a lot of feedback, thanks to everyone that helped

Prague beats Berlin with its tech scene, could challenge London in the future!

Published: June 16, 2013

Yeah, I agree the article title is bold, but I think that is the confidence that Prague should have about where it is right now, and where its going.

Comparing Berlin vs. Prague

Berlin has got SoundCloud, 6Wunderkinder, Wooga, and a few others. Although Berlin companies are great, the hype around Berlin as a city is perhaps even bigger. I think it started with the Jamba brothers, I mean, Samwer  brother copycats. Jamba was quite a big exit for them (although wrote-off by both its buyers Verisign and Fox Mobile. I was in the same business at the time, and selling ringtone subscriptions to small children on their or their parents phones for a few dollars a week is on the edge of good ethics (rip-off), or sometimes the law). One thing some Berlin tech companies have in common is, they are not run by German founders – thats not the case in Prague. What Berlin will quickly run into is a shortage of developer talent. Prague has a huge developer talent, with a potential to tap into towns around it and also Slovakia much easier than Berlin can. What is also great in Prague, lots of these developers still work at “boring” big companies, outsourcing companies, that could quickly move to start international start-ups.

I would remind that Czech Republic, together with only Russia is one of the only markets in the world, where Google is not the dominant player, its Seznam.cz, who despite losing its market share in search is still the #1 online company in terms of revenue ($130MM revenue, 31% of that profit/EBITDA). There is a huge pool of developers both in Seznam, and other internet companies still focusing on the local market. When these companies are going to turn their focus to creating international companies, we will see something huge happen. 

But lets not talk about the future, lets talk about the present international companies that Prague has:

  • Security companies: (note: 2 of top 10 biggest security companies in the world) AVG (NYSE: AVG, market cap: $1B), Avast (similar size to AVG) – AVG and AVAST in combination have a huge market share (btw: ESET is a Slovakian company), that makes for “Czechoslovakian” firms have 37,1% of global antivirus marketshare (see report below). We also had Cognitive Security, acquired by Cisco for an undisclosed sum
  • Gaming companies: Geewa (one of the TOP5 real-time social multiplayer gaming companies in the world), Madfinger Games (best 3D first person games on iOS),
  • SaaS companies: Socialbakers, Good Data, Zoom International, and many other smaller
  • In valuation only of these top companies, we are talking about several billion dollars worth of the TOP 10 companies.

I would thus make the bold statement, that it is my opinion that Prague’s tech companies are currently worth more than the top ones in Berlin. This is really not an analysis, this is my opinion of looking at the top companies and comparing them together. Berlin is quite hyped up (and maybe, its deserved, we are to see that), but Prague is not get the attention it really deserves.


Startup accelerators

Czech is really growing its startup accelerator scene: Startupyard (Global Accelerator Network), Node5, Starcube, also Wayra (starting in June). The benefit of these start-up accelerators is they are creating really good communities, and they are trying to attract global professionals to help out.

Few facts on Prague and Czech Republic you might not have known:

  • Skype has one of its developer centers in Prague, housing back-end, web apps, SkypeOut, SkypeIn, Callforwarding, and a few other things.
  • Do you know Red Hat (the Linux OS)? They have 700 guys in Czech Republic.
  • Huge companies host its development and product centers: IBM, Siemens, outsourcing companies Cleverlance, Ness Technologies, DHL
  • From the mentioned companies, AVAST and Zoom International are self-funded, still a very typical practice in Czech Republic, as the investors don’t have the trust of the local founders, and local founders need to be better educated about the process of funding.

Challenges for Prague

Prague has some great challenges ahead of itself. The availability of funding isn’t the best, the capital available locally is typically very “equity exhaustive” for the founders, not motivating founders to actually go for any capital. The other thing is, that of course making sure the tech talent isn’t sucked up by the big companies, but developers are motivated to join or start companies on their own. I think that Prague could really do with more good leaders of companies, leaders with both vision, and spirit to join people together and create huge projects.

If you are not from Prague, come and see it, we will be happy to give you a tour of our offices, and connect you with the right people – drop me a note on Twitter: @janrezab.

Small note: I am aware AVG has its development in Brno, and many innovations are coming also from Pilsen (Socialbakers including), but ultimately we all HQ in Prague.

Update: Nice article on Techcrunch written by Ciaran O’Leary (@ciaranoleary) from Earlybird on Berlin and its brewing scene. Berlin is going on this with volume, so Praguers – try harder! :)