Top 8 Venture Capital Firms in Hungary in 2026
Having around 3,000 startups, Hungary is home to some of the most famous unicorn companies including Prezi and LogMeIn. The country is exceptionally active when it comes to the startup scene, and this guide covers the top 8 venture capital firms actively investing in Hungarian startups, including Hiventures, Euroventures, Heartcore Capital, PortfoLion, and Day One Capital.
Can your startup also secure funding by pitching to these venture capital firms?
Well, let's wait no longer and jump onto the list of the top angels and VCs in Hungary.
Top 8 Venture Capital Firms in Hungary
Following is the list of some of the top-ranked venture capital investors in Hungary according to their investments and active involvement.
Hiventures
Hiventures is one of the most active VC firms in Hungary, a state-owned fund manager under the Hungarian Development Bank (MFB) Group. The firm supports a wide range of businesses, including start-ups, and small, medium, and large enterprises.
Hiventures invests in companies with innovative solutions and significant growth potential across various life stages, from incubation and seed through growth. It also runs a dedicated startup rescue program for companies facing short-term difficulties.
The investment range of Hiventures lies between €50,000 to €3,000,000.
Website: Hiventures
Founded: 1999
Preferred Industries: Media, Gaming, Big Data & Analytics, Consumer, Education, Fintech, InsurTech, Food & Beverage, Supply Chain & Logistics, Marketplace, Healthcare, Travel & Hospitality, Agriculture, SaaS
Total Investments: 900+
Exits: 220+
Notable Investments: Chameleon Smart Home and JayStack Technologies
Heartcore Capital
Heartcore Capital is a premier European venture capital firm that focuses on supporting early-stage technology companies. It aims to invest in companies that are re-enchanting the world through technology and believes in the power of technology to create a positive impact.
Investors take an interest in startups that are producing something unique and solving real-time problems. They do not invest in startups that have high competition or ideas with low growth potential.
Website: Heartcore
Founded: 2007
Preferred Industries: Travel & Hospitality, Education, Entertainment, Food & Beverage, Health & Wellness, Productivity, Consumer, Gaming, InsurTech, Energy
Total Investments: 260+
Exits: 75+
Notable Investments: Tink, Neo4j, GetYourGuide, TravelPerk, and Boozt
Euroventures
One of Central Europe's longest-established VC firms, Euroventures is headquartered in Budapest and actively invests in Hungarian startups. It is a founding member of the Hungarian Venture Capital Association.
Euroventures specializes in software companies, with a focus on SaaS, marketplaces, big data, and IT security, as well as the milk and wine industries. The investors fund startups while the mentors empower founders to lead, ensuring they remain at the steering wheel.
The investment range of Euroventures is between €1M to €5M.
Website: Euroventures
Founded: 1989
Preferred Industries: MedTech, big data, security, and IoT, as well as the milk and wine industries
Total Investments: 50+
Exits: 40+
Notable Investments: Tresorit, Pactic, and EPAM Systems
Solus Capital
Solus Capital is a venture capital fund manager and member of the MKB financial group that actively invests in Hungarian-based startups. The fund is currently managing assets of around EUR 40 million and primarily invests in early-stage companies. Startups must be offering innovation through their products/services and demonstrate strong return potential.
Solus Capital primarily invests in innovative Hungarian start-ups and scale-ups applying intelligent technologies in their respective industries.
The investment range of Solus Capital is around €3M.
Website: Solus Capital
Founded: 2018
Preferred Industries: Artificial Intelligence, Machine Learning, IoT, Edtech, Sports Tech, Fintech, Health Tech, Agtech, E-Commerce, Cybersecurity, SaaS
Total Investments: 45+
Notable Investments: Quino, Skonto Platform, and Duelbox
Day One Capital
Founded in 2011, Day One Capital is an active VC firm that backs early-stage B2B software startups from Central and Eastern Europe.
The investors support technology-driven founders and back them with entrepreneurial, corporate, and investor experience. Day One Capital also arranges additional events including startup accelerators and mentorship programs.
The investment range of Day One Capital lies around €300,000 to €1.5M.
Website: Day One Capital
Founded: 2011
Preferred Industries: B2B Software, SaaS, Healthcare, Deep Tech.
Total Investments: 50+
Exits: 7 (including Gamee and Tresorit)
Notable Investments: Gamee, OnRobot, AImotive, and Tresorit.
PortfoLion
PortfoLion, the venture capital and private equity arm of OTP Bank Plc, was founded in 2010. Their focus extends across the CEE region, actively investing in small and medium enterprises across various industries.
When it comes to startup funding, PortfoLion prefers startups at the early and seed stages, and its flexible fund structure lets it back companies all the way through to later growth rounds.
The investment range of PortfoLion is between €500,000 to €5M.
Website: PortfoLion
Founded: 2010
Preferred Industries: Fintech, Cybersecurity, Education, Internet & Mobile, Developer Tools, Supply Chain & Logistics, E-Commerce, Agriculture
Total Investments: 60+
Notable Investments: Packhelp, Tresorit, and Novakid
Oktogon Ventures
Oktogon Ventures is also a VC firm that invests in early-stage startups in Central and Eastern Europe. They fund businesses in Hungary, Slovakia, Czech Republic, Poland, Croatia, Romania, Slovenia, and Bulgaria.
The firm aims to help CEE startups realize their fullest potential. It is led and partially funded by the entrepreneur behind one of the region's most significant startup exits, and has strong connections to US and Western European tier 1 VCs, angels, and partners.
The investment range of Oktogon Ventures spans from €150,000 to €1.5M.
Website: Oktogon Ventures
Founded: 2019
Preferred Industries: SaaS, AI, Fintech, Deep Tech, and Digital Health
Total Investments: 30+
Notable Investments: Bitrise, Recart, and Mitzu.io
Lead Ventures
Lead Ventures was founded by Ábel Galácz and is on a mission to support the region's most promising ventures with capital, experience, and a wide-ranging professional network.
The venture capital firm invests in startups through different fundraisers and focuses mainly on businesses related to software with decent growth potential. Aside from investing, Lead Ventures also has networks with experienced mentors and helps its portfolio companies scale.
The investment range of Lead Ventures is around €2M to €10M.
Website: Lead Ventures
Founded: 2017
Preferred Industries: sector agnostic with preferences in mobility, energy, b2b services, and software
Total Investments: 30+
Notable Investments: GoRamp, GoodVision, and CloudTalk.
What Are The Funding Rounds For Startups?
Before you appear at a pitching competition, it helps to understand the basics of how startup funding works.
Startups need funding because they need to survive their initial stages, and investors want to understand why a round is needed before they commit. This is where funding rounds come in.
Generally, the funding rounds for startups are:
Series A
Series B
Series C
Series D
To understand each stage, read this detailed guide and do additional research to confirm what funding round your startup needs.
Being well informed will make it easier to convince angel investors and VCs to fund your startup.
Wrap-Up
So, we are done with the list of the top VC firms in Hungary. Before you start pitching some of these firms, here are a few final tips.
First, be confident and believe in your startup idea. Many early-stage startups with great ideas fail to secure investment because of hesitant behavior.
And most importantly, add real-time statistics to your pitch deck about market competition and estimated growth. Your main goal is to show investors how your startup can become the next category leader, and how they can be part of it.
Frequently Asked Questions
How to make your startup investable?
To make a startup investable, focus on a scalable business model, a strong team, a well-defined market opportunity, and evidence of market validation.
What is the difference between Venture Capital Firms and Individual Angel Investors?
Venture capital firms are organized setups that aggregate capital from various investors and deploy it into startups at a larger scale, offering expertise and guidance.
In contrast, angel investors are private individuals who invest personal funds directly into startups, typically at an early stage, using a more personalized approach and hands-on involvement in the startup's growth.
Do Angel Investors Provide Mentorship Programs?
Yes, many angel investors provide mentorship programs and financial support. They leverage their experience to offer strategic insights, assist in critical decision-making, and facilitate introductions to their network connections. This mentorship is pivotal for startups, aiding them in overcoming obstacles and expediting their growth trajectory.
