Hiventures
Hiventures Zrt. is a Budapest-based, government-backed venture capital firm wholly owned by MFB Group, providing pre-seed and seed funding of up to 300,000 EUR to Hungarian startups across AI, DeepTech, MedTech, and GreenTech sectors. It manages multiple specialized funds and has backed more than 450 startups since 2017.
- Company typePrivate
- Founded1999
- HeadquartersBudapest, Hungary
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Hiventures does
Hiventures Zrt. is a Budapest-based, government-backed venture capital fund management company wholly owned by MFB Group (Magyar Fejlesztési Bank) and operating as the dedicated startup financing competency center under Hungary's Nemzeti Tőkeholding (National Capital Holding). Founded operationally in 2017, the firm targets Hungarian early-stage startups across pre-seed and seed phases, with a standard investment ticket of up to 300,000 EUR per company, structured as a 1% initial equity stake plus convertible loan under a pari passu co-investment model. Since inception, Hiventures has screened over 3,000 pitch decks, deployed capital into more than 450 startups, and currently manages 120+ active portfolio companies, making it the largest seed-phase financier in Hungary according to Forbes.\n\nThe firm manages a portfolio of specialized capital funds including MFB Innovációs Tőkealap, MFB Növekedési Tőkealap, MFB Zöldgazdaság Tőkealap, Divat & Design Tőkealap, and several GINOP-era programs, with a new 17 billion HUF (~42.5 million EUR) early-phase fund launched in February 2026 under EU GINOP Plusz co-financing. Approximately 35% of deals are co-investments with lead investors. In 2024, the private equity business unit was spun off to Focus Ventures, refocusing Hiventures exclusively on venture-stage startups and clearing the way for a thematic repositioning toward AI-driven, DeepTech, MedTech, and GreenTech sectors.\n\nHiventures generates revenue through management fees on administered state-backed and EU-co-financed funds, supplemented by equity appreciation and carried interest from portfolio exits. Its 15-person investment team, led by CEO László Hradszki (formerly Partner at 3TS Capital Partners) and Head of Startups György Dráfi, supports portfolio companies from prototype through market validation to the next fundraising round, with sub-3-month decision timelines and structured co-investment terms designed to preserve cap table integrity.
Hiventures firmographics
Firmographics- Name
- Hiventures
- Legal name
- Hiventures Zrt.
- Website
- https://hiventures.hu/hu
- Company type
- Private
- Founded year
- 1999
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Hiventures Zrt. is a Budapest-based, government-backed venture capital firm wholly owned by MFB Group, providing pre-seed and seed funding of up to 300,000 EUR to Hungarian startups across AI, DeepTech, MedTech, and GreenTech sectors. It manages multiple specialized funds and has backed more than 450 startups since 2017.
- Ownership category
- akta.pro rank
Hiventures industry classification
Industry- Product category
- Venture Capital Fund Management
- NAICS
- Other Financial Vehicles (525990), Other Investment Pools and Funds (5259), Miscellaneous Financial Investment Activities (523999)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Early-Stage Venture Capital (Pre-Seed/Seed) (FSANAAAA)
Keywords
Where Hiventures is headquartered
LocationHeadquarters
- HQ city
- Budapest
- HQ country
- Hungary
- HQ region
- Europe
Offices1 record
Markets served
Hiventures business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Venture Capital Returns: Hiventures generates returns through equity stakes in portfolio companies, capital appreciation upon exits, and management fees from administered funds. Investment structure typically involves 1% initial equity plus convertible loan to enable follow-on investor participation.
- Fund Management: Revenue from managing multiple venture capital funds including MFB Innovációs Tőkealap, MFB Növekedési Tőkealap, MFB Zöldgazdaság Tőkealap, and Divat&Design Tőkealap.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | One time/ perpetual license | Early-stage investment (Pre-seed/Seed) |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
Hiventures product offering
Product offeringCore offering
Hiventures is a Hungarian venture capital fund management company that deploys risk capital into early-stage Hungarian startups (pre-seed and seed phases) through multiple specialized capital funds. Investments are structured as up to 300,000 EUR per company, typically comprising 1% initial equity plus a convertible loan, with a strong focus on AI, DeepTech, MedTech, GreenTech, FinTech, and creative industry innovations. The firm manages funds including MFB Innovációs Tőkealap, MFB Növekedési Tőkealap, MFB Zöldgazdaság Tőkealap, Divat & Design Tőkealap, and the new GINOP Plusz-2.5.1-25 Early Phase R&D Venture Capital Program (~17 billion HUF).
Product overview
Hiventures is a Hungarian venture capital firm managing multiple specialized capital funds for startup investments. The company operates a portfolio of investment products including the GINOP Plusz early-phase R&D fund (17 billion HUF framework launched in 2026), MFB Innovációs/Növekedési/Zöldgazdaság funds, and the Divat & Design fund. Their core investment service provides financing to early-stage Hungarian startups (pre-seed and seed phases) with ticket sizes up to 300,000 EUR, focusing on AI-driven, deeptech, medtech, greentech, and fintech innovations. The company operates a co-investment model prioritizing deal co-investment with other investors and follows a generalist investment approach while maintaining sector-specific focus areas.
Differentiator
Problem solved
Functional benefit
Products and services
- GINOP Plusz-2.5.1-25 Early Phase R&D Venture Capital Program EU-funded early phase R&D venture capital program providing financing for Hungarian startups in the research and development stage, with focus on AI, deeptech, and healthcare developments.
- MFB Innovációs Tőkealap (MFB Innovation Capital Fund) Innovation-focused capital fund managed by Hiventures under the 2014 General Block Exemption Regulation, providing risk capital for Hungarian startups with innovative technology or business models.
- MFB Növekedési Tőkealap (MFB Growth Capital Fund) Growth-focused capital fund managed by Hiventures targeting established Hungarian companies seeking expansion financing.
- MFB Zöldgazdaság Tőkealap (MFB Green Economy Capital Fund) Green economy focused capital fund supporting environmentally sustainable business ventures and green technologies.
- Divat & Design Tőkealap (Fashion & Design Capital Fund) Specialized capital fund supporting innovative businesses in the domestic fashion and design industry, including technology-enabled design startups, in partnership with MDDÜ.
- GINOP-8.1.3/A-16 National Technology and Intellectual Property VC Program National technology and intellectual property venture capital program supporting Hungarian startups with technological innovations.
- GINOP-8.2.3-17 Specialized Seed and Pre-Seed Investment Fund for ICT Startups Specialized seed and pre-seed fund targeting ICT startups with new ideas for market entry and expansion.
- GINOP-8.2.5-17 Business Infocommunication and Digitalization Capital Fund Capital fund supporting digital transformation and infocommunication solutions for Hungarian businesses.
- Startup Investment Services Early-phase venture capital investment services targeting pre-seed and seed Hungarian startups. Provides up to 300,000 EUR investments with flexible co-investment models and 1% initial equity stake. Focus areas include AI, DeepTech, MedTech, GreenTech, and FinTech.
Quantifiable outcome
- Funded over 450 startups in ~7 years
- +3 more outcomes
Companies that use Hiventures
Customer profileNamed customers22 records
Segments4 records
Ideal customer profiles3 records
Hiventures technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability7 records
Hiventures partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered minor and core.
- Visible / Featured as Most Active VCminorListed among 12 Most Active Venture Capital Firms in Europe by Visible publication, highlighting Hiventures as a key player in the European VC landscape alongside firms like Global Founders Capital, Seedcamp, and Speedinvest.
- Focus VenturescoreIn 2024, Hiventures' private equity business unit spun off to Focus Ventures, creating two specialized entities: Hiventures focuses exclusively on startups while Focus Ventures handles mature company investments including 39 portfolio companies with ~391 billion HUF annual revenue.
- Magyar Divat & Design Ügynökség (MDDÜ)coreStrategic partnership for Hungarian fashion and design industry development. The partnership aims to stimulate the creative industry startup ecosystem and support export-ready brands. Through this partnership, MDDÜ provides professional guidance for Divat & Design Tőkealap investments.
- FoxconnminorManufacturing partnership between Kuube (Hiventures portfolio company) and Foxconn's Hungarian facility. Foxconn produces Kuube smart furniture at their Komárom plant with dedicated production line, enabling industrial-scale manufacturing.
Scale indicators11 records
Recent moves7 records
Expansion highlights5 records
Hiventures competitors and assessment
Company assessmentDirect peers
- Day One Capital: Budapest-based early-stage venture capital firm investing in Hungarian and CEE technology startups at seed and Series A. Directly comparable to Hiventures as a domestic Hungarian seed-stage investor competing for the same founder pool.
- PortfoLion: Hungarian venture capital and growth equity firm, part of the OTP Bank group, investing across multiple stages. Directly comparable as a domestic Hungarian VC competing for portfolio companies and limited partners in the same ecosystem.
- Credo Ventures: Prague-based early-stage venture capital firm focused on Central European technology startups. Directly comparable to Hiventures as a regional seed/early-stage VC operating across CEE with similar ticket sizes and stage focus.
- Flashpoint VC: Central and Eastern European venture capital firm investing in tech startups at seed and Series A across the region. Directly comparable as a pan-CEE early-stage investor with overlapping deal sourcing in Hungary.
Broad incumbents
- Speedinvest: Vienna-based multi-stage European VC with strong sector-focused funds. Comparable as a CEE-rooted VC at much larger scale, frequently co-investing and competing for the same Hungarian and regional founders that Hiventures targets.
- Target Global: Israeli and Berlin-based VC with strong CEE roots investing across stages. Comparable as a larger, established VC that has historically been active in CEE tech investing and competes for cross-border deals from the region.
- Earlybird Venture Capital: One of Europe's longest-standing early-stage VCs with deep CEE roots and connections to founders across the region. Comparable as a larger, established European VC with overlapping interest in CEE technology startups.
Regional players
- Eleven Ventures: Sofia-based early-stage VC focused on Bulgarian and broader CEE technology startups. Comparable as a regional seed-stage VC operating in a neighboring CEE market with similar stage focus and ticket sizes.
- LAUNCHub Ventures: Bulgarian seed-stage VC investing in technology startups across SEE and CEE. Comparable as a regional early-stage VC in a neighboring CEE country with similar stage focus and ticket sizes to Hiventures' 300K EUR cap.
Others
- National Capital Holding (Nemzeti Tőkeholding): Hungarian state-owned holding entity coordinating 51 funds including Hiventures. Comparable as the parent/coordinator of state-backed VC activity in Hungary, providing strategic context and capital allocation for Hiventures' operations.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Hiventures social profiles
Digital presenceHiventures compliance and trust
Trust signalCompliance1 record
Hiventures financial estimates
Financial estimateRevenue estimate
Valuation estimate
Hiventures leadership team
Management profileNumber of profiles
Profiles5 records
Hiventures funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Hiventures M&A and investment
M&A and investmentM&A
Investments747 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Hiventures
What does Hiventures do?
Hiventures is a Hungarian venture capital fund management company that deploys risk capital into early-stage Hungarian startups (pre-seed and seed phases) through multiple specialized capital funds. Investments are structured as up to 300,000 EUR per company, typically comprising 1% initial equity plus a convertible loan, with a strong focus on AI, DeepTech, MedTech, GreenTech, FinTech, and creative industry innovations. The firm manages funds including MFB Innovációs Tőkealap, MFB Növekedési Tőkealap, MFB Zöldgazdaság Tőkealap, Divat & Design Tőkealap, and the new GINOP Plusz-2.5.1-25 Early Phase R&D Venture Capital Program (~17 billion HUF).
Is Hiventures a public or private company?
Hiventures is a private company. It is classified as state government owned and is currently operating.
When was Hiventures founded?
Hiventures was founded in 1999. It employs 51 to 100 people.
Where is Hiventures based?
Hiventures is headquartered in Budapest, Hungary, in the Europe region.
How does Hiventures make money?
Two revenue lines are on record. Venture Capital Returns are the primary driver. The others are fund Management.
Who are Hiventures's main competitors?
Direct peers on record are Day One Capital, PortfoLion, Credo Ventures and Flashpoint VC. Broad incumbents are Speedinvest, Target Global and Earlybird Venture Capital. Regional players are Eleven Ventures and LAUNCHub Ventures. National Capital Holding (Nemzeti Tőkeholding) is listed as an others.
Does Hiventures have an API?
No public API is recorded for Hiventures.
What industry is Hiventures in?
Hiventures's product category is Venture Capital Fund Management. Its primary akta.pro industry code is FSANAAAA, Early-Stage Venture Capital (Pre-Seed/Seed). Its NAICS code is 525990 and its SIC code is 6282.