Kentico wins investment of CZK 1.5bn

Published: 21.07.2022 Related countries:  United Arab Emirates United Arab Emirates

Brno-based software developer Kentico has raised CZK 1.5bn from Expedition Growth Capital.

Roughly CZK 1bn will go to the newly spun-off company, the rest may go to Kentico within a year. plans to use the investment to strengthen its teams, with staff numbers rising to 220 from 120. It plans to recruit product specialists from among developers and designers in the Czech Republic. It will strengthen sales and marketing in New York, Amsterdam, and London. Kentico plans to hire more than 60 people and increase investment in development and product innovation, including in its new cloud platform Xperience. It plans to use the promised investment to grow in the US and Western European markets over the next 12 months. 

Source: CIA NEWS