Limerock Fund Manager

What Limerock Fund Manager does

Limerock Fund Manager is a Bratislava-based, privately held boutique that combines transaction advisory services with venture capital fund management. Founded in 2013 as a transaction advisory firm, it offers M&A advisory, capital raising and financing, and project advisory services (including public-private partnerships and financial modeling) to corporate clients, business owners, and growth-stage companies in the Czech and Slovak market. Its venture capital arm operates through Limerock Investment Holding, s.r.o., a registered Alternative Investment Fund Manager (AIFM registration #004 with the National Bank of Slovakia), which manages the JEREMIE Co-Investment Fund under a mandate from the European Investment Fund.

The JEREMIE Co-Investment Fund is a closed-ended alternative investment fund holding a historical portfolio of eight companies (including Runecast, Jaspravim, Zlty Melon, Maxsport, Gevorkyan, Amena Displays, and Aykiro), with multiple exits and one public-market listing (Gevorkyan). The fund has not made a new investment decision since November 1, 2016, and is in a harvesting/distribution phase. Revenue therefore derives from two streams: episodic transaction advisory fees on M&A, capital raising, and financing mandates, and ongoing carried interest distributions from the legacy JEREMIE portfolio.

The firm employs 1–10 people anchored by three principals — Michal Jablonka (co-founder), Roman Čmelík (partner, 27 years corporate finance/M&A advisory), and Igor Kottman (partner, 29 years corporate banking at Citi and PPF) — whose combined 20–35-year track records across Citi, PPF Bank, and prior VC investing constitute the principal competitive asset. The firm has publicly signaled it is pursuing new Late Seed and Series A investment opportunities in Industrial Tech and B2B companies in the Czech and Slovak region, but no successor fund vehicle has been disclosed.

Name

Limerock Fund Manager

Legal name

Limerock Advisory, s.r.o.

Website

https://limerock.sk

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1–10 employees

Short description

Limerock Fund Manager is a Bratislava-based boutique offering transaction advisory (M&A, capital raising, project finance) and venture capital fund management via the closed-ended JEREMIE Co-Investment Fund, serving corporate clients and growth-stage companies in the Czech and Slovak region.

Ownership category

akta.pro rank

Product category

Investment Banking and Transaction Advisory

NAICS

Portfolio Management and Investment Advice (523940), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Investment Advice (6282), Services-Management Consulting Services (8742)

akta.pro primary industry

Corporate Finance & Capital Advisory (BPAHADAB)

akta.pro secondary industries

Capital Raising Advisory (Debt/Equity/Private Capital) (BPAHADAG), Venture Capital Fund-of-Funds / Multi-Manager Platforms (FSANAAAJ)

Keywords

• Mergers acquisitions advisory
• Venture capital management
• Capital raising advisory
• Project financing consulting
• Transaction advisory boutique

Headquarters

HQ city

Bratislava

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Transaction Advisory Fees: Fees earned from providing M&A advisory services to companies interested in acquisitions or business owners selling their firms or raising capital.
2. VC Fund Management / Carried Interest: Ongoing distribution of carried interest from historical investments in JEREMIE Co-Investment Fund. The fund is closed-ended and has not taken new investment decisions since November 1, 2016.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Limerock Fund Manager provides transaction advisory services (M&A advisory, capital raising and financing, and project advisory including PPP and financial modeling) to corporate clients in Central Europe, alongside venture capital fund management through the JEREMIE Co-Investment Fund targeting Late Seed and Series A investments in revenue-generating Industrial Tech and B2B companies primarily in the Czech and Slovak region.

Product overview

Limerock Fund Manager is a dual offering platform combining transaction advisory services and venture capital fund management. The advisory services include Mergers & Acquisitions Advisory, Capital Raising and Financing, and Project Advisory Services—each a distinct service module addressing different transaction and financing needs. The venture capital arm manages the JEREMIE Co-Investment Fund, a closed-ended alternative investment fund targeting Late Seed and Series A investments in revenue-generating firms in the Czech and Slovak region with a focus on Industrial Tech and B2B businesses.

Differentiator

Problem solved

Functional benefit

Products and services

• Mergers & Acquisitions Advisory Transaction advisory for companies seeking growth through acquisitions and for business owners selling their firms or raising capital.
• Capital Raising and Financing Advisory on financing businesses using various instruments, including feasibility assessment, financing mix proposals, and deal execution support for companies raising capital.
• Project Advisory Services Comprehensive financial advisory covering project financing, public-private partnerships (PPP), financial modeling, and project implementation for sponsors and counterparties.
• JEREMIE Co-Investment Fund (Managed Fund) Closed-ended alternative investment fund managed by Limerock Investment Holding, s.r.o., focused on early growth-stage investments in Central and Eastern European companies, primarily Industrial Tech and B2B businesses in the Czech and Slovak region. Registered as an AIFM (registration number 004) with the National Bank of Slovakia.

Quantifiable outcome

• Successful exits achieved with portfolio companies including Runecast, Jaspravim, Zlty Melon, Amena Displays, Aykiro, and Gevorkyan (which was also listed)

Named customers7 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Center for Innovative Healthcare (HealthHub)minorStrategic or Co-development PartnerIn cooperation with Center for Innovative Healthcare, Limerock assists businesses and operators active in health-related domains to accelerate their business ideas, innovations, and digitalization. HealthHub is a digital innovation hub co-funded from Slovakia's Recovery and Resilience Plan.

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Credo Ventures: Prague-based early-stage venture capital firm investing across CEE, including the Czech and Slovak markets. Directly comparable to Limerock's VC arm in geography, stage focus (pre-seed to Series A), and B2B/tech orientation.
• ZAKA VC: Slovak/Czech early-stage venture capital firm investing in tech-enabled businesses. Comparable regional positioning and stage, with overlap on Industrial Tech and B2B deal flow.
• J&T Ventures: Slovak-origin VC firm investing in Central European tech startups at Seed and Series A. Comparable regional remit and stage focus, with similar B2B/tech tilt and Slovak-Czech cross-border deal sourcing.
• Rockaway Capital: Czech-based investment platform with both venture and growth capital exposure across CEE. Comparable as a CEE-focused multi-strategy investor; overlaps with Limerock's Industrial Tech / B2B deal sourcing universe.
• Depo Ventures: Bratislava-based early growth-stage VC fund targeting CEE startups. Directly comparable in geography (Slovakia), stage (Late Seed/Series A), and B2B/tech focus.

Broad incumbents

• Earlybird Venture Capital: Established European venture capital firm with a CEE-facing presence. Comparable in providing early-growth capital to CEE tech, but operates at significantly larger scale and broader European mandate.
• KPMG Slovakia: Big Four advisory firm with corporate finance and M&A advisory practice in Slovakia. Comparable as a competitor for M&A and capital-raising mandates, but operates at much larger scale and broader service portfolio.
• PwC Slovakia: Global professional services firm with deal advisory (M&A, capital raising) practice in Slovakia. Comparable advisory offering targeting similar mid-market clients, though at materially larger scale.

Others

• European Investment Fund: Pan-European fund-of-funds and mandate provider that entrusted Limerock with JEREMIE Co-Investment Fund management. Relevant as both a counterparty and a potential LP / co-investor for any successor CEE vehicle.

Regional players

• JIC (South Moravian Innovation Centre): Brno-based innovation hub with venture-style investments and acceleration support for early-stage tech companies in the Moravia region. Comparable in supporting early growth-stage CEE companies, with overlapping Czech deal sourcing.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/limerockfund
• LinkedInlinkedin.com/company/limerock-fund-manager

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments2 records

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

Frequently asked questions about Limerock Fund Manager