Friday, September 18, 2015

Photoneo Raises €2.1M Seed Money

IMV Europe: Bratislava, Slovakia-based Photoneo has secured a €2.1M seed investment. The investment was led by Prague-based venture capital firm Credo Ventures, with the participation of several co-investors including the investment arm of RSJ, one of the largest algorithmic trading companies in the world, co-founder of ESET Miroslav Trnka, Avast's co-founders Eduard Kucera and Pavel Baudiš, CEO of Ximea Max Larin, and founder of Finviz Juraj Duris.

Jan Zizka, CEO of Photoneo says: "The newly raised capital will allow our company to finish the image sensor chip thanks to which our camera will operate at full resolution at higher speeds. Additionally, we plan to strengthen our team on both technical and sales side to accommodate the large spectrum of use cases our potential customers are seeking to accommodate."

Update: The company says that its investment is one of the largest seed rounds recorded in Central Europe.

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