Venture to Future Fund
Venture to Future Fund is a Bratislava-based venture capital firm, established in 2019 with EIB and Slovak government backing, that invests €1.5-7M in growth-stage innovative tech companies in Slovakia and the wider EU on a 50:50 pari-passu basis with private co-investors, managing approximately €55M across 30+ portfolio companies.
- Company typePrivate
- Founded2019
- HeadquartersBratislava
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Venture to Future Fund does
Venture to Future Fund (VFF), legally 'Venture to Future Fund, a.s.', is a Bratislava-headquartered private venture capital fund established in 2019 as a joint initiative of the European Investment Bank (EIB), the Ministry of Finance of the Slovak Republic, and Slovak Investment Holding. It is the first VC fund in the CEE region to secure capital from the EIB. The fund targets innovative, technology-oriented small and medium enterprises in the growth phase — from late-seed to Series A/B — that are founded and operating in Slovakia, or that are EU-based companies with a capital connection to Slovakia. Investments must be backed by an at-least-partially functional product that has been market-tested and has first paying customers or contractual relationships.
VFF's investment model is pari-passu: every deal is co-invested 50:50 with an independent private co-investor, with the fund's minimum ticket at €400K, optimal range of €1.5-2.0M, and maximum exposure up to €7M per company including follow-ons. The investment period runs 2020-2026, with €55M allocated. The fund has a 10-year life aimed at bringing portfolio companies to a successful exit. The current portfolio of 30+ companies spans AI/ML (Nettle AI, Powerful Medical), SaaS and digital adoption (Product Fruits, Vestberry, Netgrif), clean tech and smart cities (Sensoneo, AgeVolt, Spaceti, Twinzo), robotics (Brightpick, Spinbotics), gaming (SuperScale), HR tech (Sloneek, SCAUT), fintech (Patron GO), edtech (Nexineo, KUBO MEDIA), medtech (MultiplexDX), and other verticals. Notable co-investors include Crowdberry, EIC Fund, EIC, and Across Private Investments.
Operationally, VFF is staffed by a seven-person team led by Chairman Matej Říha and Vice Chairman Martin Banský — both veterans of Slovak investment banking (Patria Finance, WOOD& Co., VUB, Tatrabanka). The fund's revenue model is classic venture capital: it earns management fees on committed capital and carries a share of exit proceeds; it does not sell technology products or services. In May 2024, VFF completed a €15.3M capital increase with new LPs National Development Fund I and Slovak Asset Management, expanding total AUM to ~€55M.
Venture to Future Fund firmographics
Firmographics- Name
- Venture to Future Fund
- Legal name
- Venture to Future Fund, a.s.
- Website
- https://vff.sk
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Venture to Future Fund is a Bratislava-based venture capital firm, established in 2019 with EIB and Slovak government backing, that invests €1.5-7M in growth-stage innovative tech companies in Slovakia and the wider EU on a 50:50 pari-passu basis with private co-investors, managing approximately €55M across 30+ portfolio companies.
- Ownership category
- akta.pro rank
Venture to Future Fund industry classification
Industry- Product category
- Venture Capital / Growth Equity
- NAICS
- Other Investment Pools and Funds (5259), Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- Investment Advice (6282), Investors, Nec (6799)
- akta.pro primary industry
- Impact Investment & Development Investment Funds (BPADACAO)
- akta.pro secondary industry
- SDG / Thematic Sustainable Investment Funds (FSANAJAN)
Keywords
Where Venture to Future Fund is headquartered
LocationHeadquarters
- HQ city
- Bratislava
Offices2 records
Markets served
Venture to Future Fund business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Growth Capital Investment Returns: VFF provides growth capital to innovative companies in exchange for equity stakes. Returns come from successful exits of portfolio companies. Fund life is 10 years during which they aim to bring companies to successful exit.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
Venture to Future Fund product offering
Product offeringCore offering
Venture to Future Fund is a Slovak venture capital fund that provides growth equity capital to innovative small and medium enterprises in late-seed to Series A/B stage. The fund invests EUR 1.5-2M per company (minimum EUR 400K, up to EUR 7M including follow-ons) on a pari-passu basis alongside independent private co-investors at 50:50 terms. It targets companies operating in Slovakia or EU companies with capital connections to Slovakia, with a 10-year fund life aimed at successful exits.
Product overview
Venture to Future Fund (VFF) is a Slovak venture capital fund focused on supporting innovative Slovak and Central European companies with growth potential. The fund targets late-seed to Series A/B stage companies with at least a partially functional product, viable market fit, and initial paying customers. VFF provides investment capital typically ranging from 1.5-2.0 million EUR (with flexibility up to 7 million EUR including follow-on investments), co-investing on a pari-passu basis with independent private co-investors. The fund does not offer technology products or services; rather, it provides growth capital and partnership support to portfolio companies across various technology sectors including AI/ML, SaaS, clean tech, robotics, and digital transformation.
Differentiator
Problem solved
Functional benefit
Products and services
- Growth Equity Investment
- Pari-Passu Co-Investment Program
- Long-Term Exit Support (10-Year Fund Life)
Companies that use Venture to Future Fund
Customer profileNamed customers14 records
Segments1 record
Ideal customer profiles1 record
Venture to Future Fund technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Venture to Future Fund partnerships and signals
Strategic signalScale indicators5 records
Recent moves7 records
Expansion highlights5 records
Venture to Future Fund competitors and assessment
Company assessmentDirect peers
- Crowdberry: Leading alternative investment and equity crowdfunding platform in Slovakia and Czechia; functions as VFF's primary pari-passu co-investor across multiple deals (SEC Technologies, NEXINEO, Patron GO, Nettle AI), making it the most direct operational peer in the Slovak growth capital ecosystem.
- Credo Ventures: Czech early-stage VC fund investing in technology startups across CEE; co-invested alongside VFF in Photoneo ($21M round in 2021) and shares VFF's thesis of backing ambitious CEE founders with global ambitions, making it a direct regional peer.
- Earlybird Digital East Fund: German-origin VC with dedicated CEE/digital east strategy that co-invested with VFF in Photoneo (2021); comparable as an institutional growth-stage fund targeting CEE tech opportunities with similar ticket sizes and stage focus.
- Fil Rouge Capital: Central European VC fund focused on Series A tech investments; co-invested alongside VFF in FaceUp's $5M Series A (May 2026), making it a directly comparable growth-stage peer operating in adjacent CEE geographies with similar sector breadth.
- Reflex Capital: Czech-based early- and growth-stage VC investing in CEE tech; participated as returning investor in FaceUp's Series A with VFF, sharing a comparable CEE tech mandate and similar ticket sizes for growth-stage rounds.
- Tilia Impact Ventures: Czech impact-focused VC fund backing growth-stage companies across CEE; returning co-investor with VFF in FaceUp Series A, comparable as a fellow impact-and-return-oriented institutional VC in the CEE region with public-sourced anchor capital.
- IPM Group: Central European private investment group with growth-stage tech allocation; co-invested with VFF in AgeVolt (2021) and Photoneo (2021), making it a directly comparable growth capital peer in CEE with similar ticket sizes and Slovak portfolio exposure.
- Across Private Investments: Slovak private investment firm that co-invested with VFF in SuperScale rounds (2023 and 2024) and Photoneo (2021); operates as one of the most active Slovak growth capital players and is a direct peer in deal sourcing and execution within Slovakia.
- Purple Ventures: Czech-Slovak VC fund led Sloneek's EUR 3.6M late-seed round (2024) alongside VFF; highly comparable as a regional growth-stage VC backing CEE SaaS and tech companies with similar stage focus and ticket sizes.
Regional players
- JIC Ventures: Czech venture vehicle associated with South Moravian Innovation Centre; participated alongside VFF in FaceUp's Series A and operates as a public-backed regional VC analogous to VFF's Slovak Investment Holding structure, sharing institutional/government anchor dynamics.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
Venture to Future Fund social profiles
Digital presenceVenture to Future Fund financial estimates
Financial estimateRevenue estimate
Valuation estimate
Venture to Future Fund leadership team
Management profileNumber of profiles
Profiles7 records
Venture to Future Fund funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Venture to Future Fund M&A and investment
M&A and investmentM&A
Investments26 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Venture to Future Fund
What does Venture to Future Fund do?
Venture to Future Fund is a Slovak venture capital fund that provides growth equity capital to innovative small and medium enterprises in late-seed to Series A/B stage. The fund invests EUR 1.5-2M per company (minimum EUR 400K, up to EUR 7M including follow-ons) on a pari-passu basis alongside independent private co-investors at 50:50 terms. It targets companies operating in Slovakia or EU companies with capital connections to Slovakia, with a 10-year fund life aimed at successful exits.
Is Venture to Future Fund a public or private company?
Venture to Future Fund is a private company. It is classified as state government owned and is currently operating.
When was Venture to Future Fund founded?
Venture to Future Fund was founded in 2019. It employs 11 to 50 people.
Where is Venture to Future Fund based?
Venture to Future Fund is headquartered in Bratislava.
How does Venture to Future Fund make money?
One revenue line is on record: growth Capital Investment Returns.
Who are Venture to Future Fund's main competitors?
Direct peers on record are Crowdberry, Credo Ventures, Earlybird Digital East Fund, Fil Rouge Capital, Reflex Capital, Tilia Impact Ventures, IPM Group, Across Private Investments and Purple Ventures. JIC Ventures is listed as a regional player.
Does Venture to Future Fund have an API?
No public API is recorded for Venture to Future Fund.
What industry is Venture to Future Fund in?
Venture to Future Fund's product category is Venture Capital / Growth Equity. Its primary akta.pro industry code is BPADACAO, Impact Investment & Development Investment Funds, with a secondary code of FSANAJAN, SDG / Thematic Sustainable Investment Funds. Its NAICS code is 5259 and its SIC code is 6282.