Credo Ventures

Profile

Credo Ventures is a venture capital firm based in Prague, Czech Republic, and Krakow, Poland. It was founded in 2010 by Ondrej Bartos and Jan Habermann. The firm is managed by a team of six partners, including General Partners Maciej Gnutek, Jakub Krikava, and Matej Micek. Credo Ventures is known for its focus on the Central and Eastern European (CEE) region and its diaspora, aiming to be the first-check partner for pre-seed investments. They differentiate themselves by leveraging their deep understanding of the CEE tech ecosystem and diasporic networks.

The firm focuses on pre-seed investments in technical founders aiming to build global companies from or connected to the CEE. Credo Ventures typically invests between $1M and $5M per venture. Their target geography includes the CEE region and its global diaspora, particularly in tech hubs like San Francisco and London. The firm manages assets including its latest fund, Credo Stage 5, which raised $88 million in a single close. Credo Ventures does not disclose its LPs but emphasizes significant backing driven by successful investments like those in UiPath and ElevenLabs.

Credo Ventures' portfolio includes over 100 companies, with notable investments in UiPath - a category-leading RPA company that had a $35B IPO, and ElevenLabs - a voice AI tech company that rapidly scaled to a decacorn. Other investments include Replika AI, an AI companion app, and several others in domains like retail AI and IT services. Credo Ventures stands out for its high engagement with founders and a strategy anchored in regional technical talent and global reach.