Rockaway Capital

Heureka has concluded its first startup acquisition in the Czech Republic by investing in Testuj.to

Heureka Group a.s., the operator of the Heureka.cz comparison shopping site, has purchased a share of Testuj.to s.r.o., which has developed and successfully established the Testuj.to marketing tool on the Czech market. Testuj.to is a simple software tool that works actively with customer communities and makes it possible to obtain quick and accurate feedback in the form of reviews. After two years of the project’s existence, Heureka is purchasing 15 % of the project with the option to increase this share to 40 % within two years. Heureka invested in the company when its valuation was CZK 35 million.

Jakub Havrlant: Why the state should support young tech companies with private sector investors

The Czech Republic lags behind Western and Central European leaders in supporting new tech companies. Venture capital investments are 1/10 to 1/12 (per capita) of those in Germany or the Netherlands, and even half of those in Poland. Yet we have no shortage of either human capital or potential – companies like Seznam.cz or Avast are proof we are absolutely in the same league as global groups. For the time being, however, the Czech Republic lacks sufficient financial support or the requisite mind-set. And yet, reform of the current state of affairs could help our economy react to the COVID-19 crisis.

Rockaway launches blockchain fund: a $100 million target and Michael Arrington as investor

After several months of preparations, Rockaway Capital Investment Group has completed all formal steps to launch a new fund dedicated purely to blockchain projects. One of the first investors in the new Rockaway Blockchain Fund is TechCrunch founder Michael Arrington. The fund aims to raise $100 million over the next two years and become the largest blockchain fund in Europe.

Rockaway has sold its stake in the German start-up Voya to Volkswagen Financial Services

The venture division of Jakub Havrlant’s investment group Rockaway has recently completed the sale of its stake in the Hamburg-based start-up Voya. Volkswagen Financial Services from the Volkswagen Group has become the new owner of the German start-up, which provides a comprehensive digital solution to business travel.

Košík.cz and Kaufland have entered into an alliance to offer a broad range of range of private labels countrywide

The Kaufland grocery chain is joining forces with on-line supermarket Košík.cz. Through this alliance, Košík will offer selected Kaufland brand products for the very first time. Košík recently added new services, allowing orders from households throughout the Czech Republic. Košík is thus adding more high-quality and available groceries to its portfolio.

Milana Vašina’s 6+1: how to guide a company through a global crisis

Six key ideas Milan Vašina formulated during the Anti-Panic Conference, plus a seventh as a bonus. They all revolve around how to manage a business that has been taken over by the pandemic.

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