Oktogon Ventures

Oktogon Ventures is a Budapest-based venture capital investment firm founded in 2019. It specializes in supporting early-stage startups in Central and Eastern Europe, focusing on technology-driven sectors across Hungary, Slovakia, Czech Republic, Poland, Croatia, Romania, Slovenia, and Bulgaria. The firm aims to help startups with significant growth potential, leveraging its local expertise, operational knowledge, and extensive global network. Oktogon Ventures seeks companies with a strong foundational team and core technology that can achieve extraordinary growth and possess global market appeal from inception. Its portfolio includes notable companies such as Bitrise, Recart, and Enduraid. The firm benefits from strong connections to prominent venture capitalists, angel investors, and a network of local technical and management talent, enhancing its ability to foster successful ventures in the region.

Gyula Fehér

General Partner

Peter Parragh

Principal

Veronika Pistyur

General Partner

13 past transactions

Deligo

Seed Round in 2022
Developer of AI checkout kiosks designed for on-site caterers to eliminate lines and save cost. The company's kiosks offer proprietary AI product recognition and dual image capture systems that offer superior accuracy for food checkout, enabling on-site caterers to offer easy automated checkout and save on cashier staffing costs.

AEY Metaverse Gaming

Seed Round in 2022
We firmly believe that the value of virtual economies will surpass that of the current “real” economies and we will all work there in the future. This is why we started building the community, whose salaries are paid from activities in the metaverse. AEY is a gaming guild and a web3 company, where we grant ownership to our community over NFT gaming assets and let them use these to earn crypto currencies. We are constantly investing in play-to-earn titles and bringing our players into these games.

Bitrise

Series C in 2021
Bitrise is a mobile app development platform that facilitates continuous integration and delivery (CI/CD) for developers. It enables users to automate integration, testing, and deployment processes through a variety of tools and services, featuring over 300 steps and integrations. By offering a visual workflow editor and automatic repository scanning, Bitrise enhances productivity and accelerates the development lifecycle, allowing developers to build, test, and deploy applications efficiently across both native and hybrid mobile platforms. With a diverse client base that includes startups and large enterprises, Bitrise has established itself as a leading solution in the mobile development space, empowering tens of thousands of developers to improve their workflows and achieve better results.

Linear Labs

Series A in 2021
Linear Labs, Inc. manufactures electric motors for electric vehicle, micro-mobility, robotics, wind turbine and heating, ventilation and air conditioning (HVAC) industries. The company offers its product under the name Hunstable Electric Turbine, which uses multiple rotors for various conditions in motion. The product has its application for autonomous robots, forklifts, light electric motorcycles, golf carts, e-bikes, e-scooters, and industrial applications. The company was incorporated in 2012 and is based in Fort Worth, Texas.

Recart

Seed Round in 2021
Recart Technologies Limited Liability Company develops an ecommerce software application. It offers Recart, a messenger marketing tool to recall abandoned carts, send discount offers, shipping notifications, get follow up after sales feedback, and deliver coupon codes. The company was founded in 2015 and is based in Budapest, Hungary.

Scaleflex

Series A in 2021
Scaleflex is a B2B SaaS company developing Digital Asset Management and Media Acceleration solutions. Our mission is to load, store, organize, optimize, publish and accelerate all media assets (images, videos, static files such as JS and CSS files, etc.) for website or mobile application acceleration. We help R&D teams, marketers and content managers collaborate better and simplify recurring tasks involved in managing, optimizing and delivering media around the world. Our expertise: Media Optimization, Digital Asset Management (DAM), CDN Delivery, Media Performance Monitoring Our two scalable solutions Cloudimage and Filerobot catalyze team collaboration, simplify the management of the media content cycle and eventually boost SEO, user satisfaction and conversion. Cloudimage is the easiest way to optimize and accelerate images for the web. Cloudimage automates the transformation and optimization of images on the fly and accelerates their distribution via the Content Delivery Network (CDN). Thanks to Cloudimage, web pages are faster and lighter, which improves both SEO and the user experience of the web or mobile application. Filerobot is a collaborative, scalable and performant Digital Asset Management software. Filerobot helps your teams store, process, share and accelerate images, videos and static content on any web and mobile applications across the World.

Cleango

Pre Seed Round in 2020
Cleango provides an innovative car wash service for both business and individual customers through a user-friendly application. Customers can order a car wash, and trained washers arrive at their location using electric scooters. The service employs a waterless technology that allows for efficient cleaning even in crowded urban areas. This environmentally friendly approach significantly reduces water usage while ensuring that vehicles are serviced promptly, typically within an hour. By offering convenience and sustainability, Cleango caters to customers who seek flexible car wash solutions in various settings.

MATSUKO

Seed Round in 2019
MATSUKO s.r.o. is a technology company based in Košice, Slovakia, founded in 2016. It specializes in developing 3D telepresence mixed reality technology that allows for face-to-face interactions through live streams of people as 3D holograms. MATSUKO's innovative solutions enhance remote collaboration, addressing the limitations of traditional video conferencing by delivering a more realistic and immersive communication experience. The technology is applicable in various sectors, including medical and skin care analysis, as well as the cosmetics industry. By utilizing a single camera and mixed reality glasses, MATSUKO provides a cross-device holographic experience that aims to minimize environmental impact while fostering a sense of presence and connection among users.

BitNinja.io

Seed Round in 2019
BitNinja is an easy-to use server security tool, which can be installed on your server within a couple of minutes and requires virtually no maintenance. It is a mixture of an on-premise and cloudbased solution. It is an agent which sits on your infrastructure and sends the attack information to the central server which is in the cloud. We have a new technology called defence network, which means that every BitNinja protected server learns from each attack and shares the learned information with the central server and with all the other BitNinja enabled servers, so the shield just gets stronger and stronger with every single attack.

Recart

Seed Round in 2019
Recart Technologies Limited Liability Company develops an ecommerce software application. It offers Recart, a messenger marketing tool to recall abandoned carts, send discount offers, shipping notifications, get follow up after sales feedback, and deliver coupon codes. The company was founded in 2015 and is based in Budapest, Hungary.

Enduraid

Angel Round in 2019
Enduraid is a MOBILE APPLICATION which tells an athlete exactly what to eat and drink and when DURING the race and in training. Athletes use energy while exercising, and at the same time they also lose a large amount of water and electrolytes via sweating. Enduraid can accurately count on these losses.

Bitrise

Series B in 2019
Bitrise is a mobile app development platform that facilitates continuous integration and delivery (CI/CD) for developers. It enables users to automate integration, testing, and deployment processes through a variety of tools and services, featuring over 300 steps and integrations. By offering a visual workflow editor and automatic repository scanning, Bitrise enhances productivity and accelerates the development lifecycle, allowing developers to build, test, and deploy applications efficiently across both native and hybrid mobile platforms. With a diverse client base that includes startups and large enterprises, Bitrise has established itself as a leading solution in the mobile development space, empowering tens of thousands of developers to improve their workflows and achieve better results.

Bitrise

Series A in 2017
Bitrise is a mobile app development platform that facilitates continuous integration and delivery (CI/CD) for developers. It enables users to automate integration, testing, and deployment processes through a variety of tools and services, featuring over 300 steps and integrations. By offering a visual workflow editor and automatic repository scanning, Bitrise enhances productivity and accelerates the development lifecycle, allowing developers to build, test, and deploy applications efficiently across both native and hybrid mobile platforms. With a diverse client base that includes startups and large enterprises, Bitrise has established itself as a leading solution in the mobile development space, empowering tens of thousands of developers to improve their workflows and achieve better results.
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