What TCF Capital does

TCF Capital is a privately held strategic investment group headquartered in Prague, founded in 2022 and led by Tomáš Čupr, the founder of Rohlik Group. The firm acquires majority ownership or strong governance influence in companies across three interconnected verticals: applied AI (Duvo, Veloq, QuantumSpring including Echota.ai), consumer goods and online grocery (Rohlik Group, Töpfer Babywelt), and longevity and preventative health (Pilulka, Macromo). The investment thesis is anchored in Rohlik Group's operational excellence as a proprietary technology platform for online grocery — rated at a €2B+ valuation, growing 34-35% YoY to €1.114-1.45B in revenue, and operating across 25+ countries in CEE and DACH — and treats applied AI as the foundational layer generating operational alpha across the portfolio.

The group's portfolio reflects a deliberate ecosystem model. Veloq packages Rohlik's grocery platform as a modular B2B operating system for other retailers. Duvo deploys autonomous AI agents across retail ERP, email, and spreadsheet systems to automate operational tasks and claims roughly 40% reduction in manual effort. Macromo combines DNA analysis, a 56-biomarker blood test, and wearable integrations into a personalised health operating system whose data feeds Pilulka's supplement recommendations and the NutraRating quality scoring system. QuantumSpring functions as the group's AI-native software studio. Rohlik itself integrated MAIA, a multimodal AI shopping assistant, into its consumer platform in January 2026.

TCF Capital earns revenue as a holding company through majority and governance-influenced ownership stakes, capital gains on portfolio realisations, and management activity tied to its six active portfolio companies. The firm discloses neither consolidated revenue nor AUM; the legal entity (TCF-Cap Services s.r.o.) operates with 1-10 employees. Capital sources include founder and partner capital, a €30M facility from the European Investment Bank into Rohlik for R&D, and Duvo's external venture capital. Geographically, primary focus is CEE plus DACH, with selective broader European and transatlantic opportunities where execution advantage and operational value can be underwritten. The group is positioning Rohlik Group for a potential 2027 IPO and is concurrently executing a stack of new product launches across AI and longevity in early-to-mid 2026.

Name

TCF Capital

Legal name

TCF-Cap Services s.r.o.

Website

https://tcfcap.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Short description

TCF Capital is a Prague-based private investment group led by Rohlik Group founder Tomáš Čupr, building a technology-first ecosystem of applied AI, longevity, and consumer companies across CEE and DACH markets.

Ownership category

akta.pro rank

Product category

Venture Capital and Private Equity Investment

NAICS

Portfolio Management and Investment Advice (523940), All Other Financial Investment Activities (52399)

SIC

Investment Advice (6282)

akta.pro primary industry

Corporate Venture Capital (CVC) (FSANAAAF)

akta.pro secondary industries

Strategic / Balance-Sheet CVC (On-balance-sheet investing) (FSANAHAA), Corporate Strategic Partnership & Ecosystem Investment Arms (FSANAHAF)

Keywords

• Venture capital investments
• Technology investment group
• Applied AI investing
• Portfolio management services
• Growth equity

Headquarters

HQ city

Prague

HQ country

Czechia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Marketing channels3 records

Core offering

TCF Capital is a privately held strategic investment group that deploys capital into technology-first companies across Central and Eastern Europe and DACH markets. It acquires majority ownership or strong governance influence in portfolio companies spanning Applied AI, longevity and health platforms, grocery technology, and consumer brands, providing capital alongside operational expertise, cross-portfolio synergies, and ecosystem access anchored in Rohlik Group's infrastructure.

Product overview

TCF Capital operates as an investment group with a multi-product ecosystem focused on AI, technology, longevity, and business transformation. The portfolio includes Duvo (AI automation for retail operations), Veloq (modular grocery platform), Pilulka (longevity platform combining e-commerce with lab testing and personalized health recommendations), Macromo (personal health OS using DNA, blood tests, and AI), QuantumSpring (AI-native software development studio), Rohlik Group (European online grocery leader), and Toepfer Babywelt (German organic baby food manufacturer). Key products interconnect: Macromo's health data feeds into Pilulka's recommendations and supplement sales; Rohlik's technology platform (Veloq) is offered to other retailers; Duvo automates retail operations across the ecosystem; QuantumSpring develops AI solutions including Echota.ai for training and Duvo for operational automation.

Differentiator

Problem solved

Functional benefit

Products and services

• Duvo AI-powered automation platform for retail operations that uses intelligent agents to adapt, learn, and scale across enterprise systems. Business users describe goals in natural language and AI executes multi-step tasks across SAP, portals, email, and spreadsheets.
• Veloq Modular platform that accelerates online grocery operations from months to weeks, designed for product freshness, delivery efficiency, and customer satisfaction. Offered as a proprietary operating system to other retailers.
• Pilulka Longevity platform bridging retail, advanced technology, lab testing, and personalized health recommendations. Offers online pharmacy products, dietary supplements, sports nutrition, smart electronics, laboratory tests, expert supplement guidance, and product quality ratings through NutraRating.
• Macromo Personal health operating system combining DNA analysis, blood tests with 56 biomarkers, and AI to help users understand their health and make data-driven decisions. Provides AI health plans and connects with wearable electronics for continuous monitoring.
• Rohlik Group European online grocery leader defining standards in operational excellence, technology, and customer experience. Serves over 2 million monthly orders across markets with proprietary technology platform enabling high operational efficiency. Functions as the flagship portfolio company and laboratory for TCF portfolio innovation.
• Töpfer Babywelt German organic baby and children's food manufacturer with over 115 years of tradition, acquired by TCF Capital and TPAG from insolvency. Focuses on functional nutrition, cosmetics innovation, and global expansion with production in Bavaria.
• QuantumSpring AI-native software development studio combining software development with research capabilities, integrating agentic technologies and generative AI for rapid prototyping to production solutions.
• Echota.ai AI-powered voice simulation platform for customer support training. Provides realistic AI voice simulations, instant call evaluation, and faster operator onboarding across 29 languages.
• Pilulka Daily Pilulka's private-label dietary supplement brand with approximately 40 products covering vitamins, minerals, and specialized substances. Positioned with clean composition, no unnecessary fillers, and GMP manufacturing standards.
• NutraRating Pilulka's supplement quality evaluation system that rates products based on form, absorbability, concentration, standardization, and unnecessary additives, providing consumers with objective scores for informed purchasing decisions.
• MAIA AI Shopping Assistant AI shopping assistant integrated into Rohlik's platform that helps customers with meal inspiration, product selection, order modifications, and complaint resolution through conversational chat. Can also analyze photos of receipts to suggest online alternatives.
• Pilulka Pro Premium membership program offering prioritized access to Macromo blood tests, with basic measurement set included in subscription and premium 56-marker panel available for additional payment.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability11 records

Partnerships

Two partnerships are on record, tiered core.

• TPAG (Tomislav Procházka)coreStrategic or Co-development Partner · 25 April 2025TPAG (Tomislav Procházka) co-invested with TCF Capital in the acquisition of Töpfer Babywelt from insolvency. This partnership combines TCF's technology and ecosystem expertise with TPAG's operational capabilities for business turnaround investments.
• AmazoncoreStrategic or Co-development Partner · 16 April 2025Rohlik Group partnered with Amazon for its Germany operations under the Knuspr brand. This partnership is significant as Rohlik fills the gap left after Amazon Fresh exited the German market, and Amazon provides operational support for logistics and market access.

Scale indicators7 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• Index Ventures: Global venture capital firm that co-invested with TCF Capital in Duvo's $15M seed round. Index is a direct peer as a tech-focused VC backing European and global companies across stages, with overlapping investment activity in AI and consumer technology.
• Credo Ventures: Central European VC firm focused on early-stage technology companies that co-invested in Duvo alongside TCF. Direct peer given shared CEE geography, similar stage focus, and overlapping portfolio companies.
• Speedinvest: European tech VC with deep CEE/DACH presence investing across fintech, consumer, and enterprise software. Comparable to TCF as a sector-focused European tech investor with operational support and a portfolio approach.
• Atomico: European technology investment firm founded by Skype's Niklas Zennström, focusing on growth-stage tech companies across Europe. Peer given comparable European tech focus, founder-led model, and stage breadth.
• Northzone: European venture capital firm investing from seed to growth in technology companies that co-invested in Duvo. Direct peer given shared early-to-growth stage European tech focus.
• Earlybird Venture Capital: One of Europe's largest venture capital firms with strong DACH focus, investing across technology stages. Comparable to TCF in European tech investing with operational support models.
• Target Global: European technology investment firm backing tech companies across stages with strong presence in DACH and Israel. Peer given comparable European tech focus and stage flexibility.

Broad incumbents

• EQT Ventures: European growth-stage venture firm backed by EQT, investing broadly in European technology companies. Comparable as a large-scale European tech investor though with broader portfolio and longer history than TCF.
• Lakestar: European venture capital firm focused on technology-enabled companies across stages. Comparable as a European tech-focused investor with founder-friendly operating approach.
• General Catalyst: Global venture capital firm with strong European presence investing in technology companies from seed to growth. Peer as a large-scale tech investor with global reach and operational support similar to TCF's ecosystem approach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/tcfcap

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments5 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TCF Capital