Startup Fondee wins investment of EUR 1m

Published: 29.08.2021 Related countries:  United Arab Emirates United Arab Emirates

Czech startup Fondee has raised EUR 1m for its further development, regional expansion, staff growth, marketing support, and mobile app.

The startup is funded by a group of private investors around Leoš Navrátil, who has been investing in the capital markets for more than twenty years. J&T Banka is also part of the investment round, which supported the startup with CZK 10m in the fall of 2020. The investment is subject to the approval of the Czech National Bank (ČNB). Fondee now has 4,000 clients and in mid-July the startup received a securities trader license from the ČNB. Along with it, it has also obtained the so-called EU passport right, which it intends to use to expand abroad.