PortfoLion

PortfoLion is a Budapest-based venture capital and private equity fund management firm (established in 2010), focusing on companies in IT and digitalization of traditional sectors with scalable business models and growth potential in CEE.

Miklos Bonis

Controlling and Analysis Director

Bence Gergely

Investment Manager

EG

Elemér Gidofalvy

Partner

Tibor Gyorbiro

Partner

Mihály Horváth

Investment Director

Zsolt Mihály

Principal

András Molnár

CEO

Péter Naszrai

Investment Associate

Jeno Nieder

Deputy CEO

Botond Németh

Investment Associate

Aurel Pasztor

Partner

Gabor Pozsonyi

Partner

Csaba Páczai

CFO

Márk Pálfalvi

Principal

KS

Kinga Szocs

Investment Associate

Past deals in Hungary

OneSoil

Series A in 2021
OneSoil develops soil analysis tool for agricultural fields. The company uses the satellite photo of the field to identify artifacts about the field which it shows on its mobile application and platform. It serves geographies of the United States and Europe. It was founded in 2017 and is headquartered in Minsk, Belarus.

edrone

Series A in 2020
Edrone is an autonomous e-commerce CRM platform that provides advanced marketing automation solutions. Edrone collects, processes, and triggers customer data to help understand customers' behavior (Customer Intelligence) and engage them (Marketing Automation) with an all-in-one e-commerce marketing cloud, allowing businesses to automate their marketing activities and engage store visitors to increase sales. Edrone's customers include major European online stores as well as developing eStores. Among the Edrone customers are: x-Kom, Eastend, CitySport, Agent Provocateur, Tous, Wojas, Muve, and over 500 other stores. Each month Edrone handles Internet transactions worth over 3 billion Euros.

Mindgram

Seed Round in 2022
Mindgram is a science-based platform and mobile app for complete mental wellness.

SEON - Fraud Prevention

Series B in 2022
At SEON, we’re fraud fighters. Our products are designed around two core goals: deliver effective risk prevention, and give businesses complete freedom in how they fight fraud. Above all, we build strong relationships with all our clients to share powerful insights on better fraud management, whether you use our lightweight modules or full end-to-end solution: SEON Intelligence Tool: the unique and innovative data enrichment solution. Collect all accessible data points about a customer's digital footprint from open, social sources. Use it as a one-click Chrome plugin or via API to speed up manual reviews and accelerate your risk management process. SEON Sense Platform: our flagship end-to-end solution. Analyze users’ online behaviour with velocity rules, software and hardware configuration with device fingerprinting, and enrich data in real-time through email, phone and IP analysis combined with social media profiling. Data feeds into our automated, machine-learning driven system, which uses predictive risk scoring to automate decisioning and speed up manual reviews. All accessible and fully customizable via API, or a stunning GUI with full team management features.

Intellio Ltd.

Series A in 2011
Intellio is a privately held technology company developing a new generation of advanced video surveillance systems. Started in 2004 by a group of software and hardware engineers from the security industry. The Intellio system is designed especially for medium and large, multi-site surveillance environments. By automating the recognition of an increasing number of events posing a security risk the Intellio system is designed to enable security providers to take immediate action in case of potential and actual risk-events.

Oradian d.o.o.

Seed Round in 2015
Oradian d.o.o. operates as a Software-as-a-Service provider that develops software solutions that enable financial inclusion. The company offers Instafin, a management information system that delivers core banking needs. It serves microfinance banks, credit unions, and corporations in Africa, Asia, Latin America, and internationally. The company was incorporated in 2011 and is based in Zagreb, Croatia.

Packhelp sp. z o.o.

Series B in 2021
Packhelp sp. z o.o. designs and manufactures packaging products. It offers mailer and shipping boxes made of corrugated cardboard; and small and flat boxes used for shipping small items, such as cosmetics or jewelry. The company also provides a web application that enables users to design their own boxes online. It serves online stores, physical stores, agencies, and companies. The company was founded in 2015 and is based in Warsaw, Poland with an additional office in Piaseczno, Poland.

SEON - Fraud Prevention

Series A in 2021
At SEON, we’re fraud fighters. Our products are designed around two core goals: deliver effective risk prevention, and give businesses complete freedom in how they fight fraud. Above all, we build strong relationships with all our clients to share powerful insights on better fraud management, whether you use our lightweight modules or full end-to-end solution: SEON Intelligence Tool: the unique and innovative data enrichment solution. Collect all accessible data points about a customer's digital footprint from open, social sources. Use it as a one-click Chrome plugin or via API to speed up manual reviews and accelerate your risk management process. SEON Sense Platform: our flagship end-to-end solution. Analyze users’ online behaviour with velocity rules, software and hardware configuration with device fingerprinting, and enrich data in real-time through email, phone and IP analysis combined with social media profiling. Data feeds into our automated, machine-learning driven system, which uses predictive risk scoring to automate decisioning and speed up manual reviews. All accessible and fully customizable via API, or a stunning GUI with full team management features.

NovaKid Inc.

Series B in 2021
NovaKid is a next-generation early English learning platform that allows kids around the world to learn English through remote practice with native-speaking teachers and through engagement with AI-powered games and training apps that promote English speaking and comprehension based on the use of authentic content in the English language. It also offers individual lessons with native speaking certified teachers for children with AI-assisted data extraction and analysis. Incorporated in the US, it has students in over 30 countries, focussing on Europe and MENA with major customer base in Poland, Spain, Italy, Turkey, Russia. NovaKid was founded in 2017 and is based in San Francisco, CA, USA.

edrone

Series A in 2022
Edrone is an autonomous e-commerce CRM platform that provides advanced marketing automation solutions. Edrone collects, processes, and triggers customer data to help understand customers' behavior (Customer Intelligence) and engage them (Marketing Automation) with an all-in-one e-commerce marketing cloud, allowing businesses to automate their marketing activities and engage store visitors to increase sales. Edrone's customers include major European online stores as well as developing eStores. Among the Edrone customers are: x-Kom, Eastend, CitySport, Agent Provocateur, Tous, Wojas, Muve, and over 500 other stores. Each month Edrone handles Internet transactions worth over 3 billion Euros.

Codecool Kft.

Series C in 2021
Codecool Kft. owns and operates a chain of coding schools in Hungary. The company provides programming and technical courses consisting of 12 months of practice and 6 months of on-the-job training, primarily for people in the age group of 18 to 40 years. Codecool Kft. was founded in 2014 and is based in Miskolc, Hungary. The company operates educational centers in Budapest and Miskolc, Hungary and Krakow, Poland.

Yieldigo, s.r.o.

Seed Round in 2020
Yieldigo helps retailers such as supermarkets, drugstores, and pharmacies to set optimal non-promotional prices to increase profitability. This is done by a proprietary machine learning algorithm that creates a model of consumer’s purchasing behavior, combines it with retailers’ business objectives and creates optimal prices based on both perspectives. As a result, Yieldigo creates a profit uplift for their customers of 5-15% while preserving their revenues and price index.

NovaKid Inc.

Series A in 2020
NovaKid is a next-generation early English learning platform that allows kids around the world to learn English through remote practice with native-speaking teachers and through engagement with AI-powered games and training apps that promote English speaking and comprehension based on the use of authentic content in the English language. It also offers individual lessons with native speaking certified teachers for children with AI-assisted data extraction and analysis. Incorporated in the US, it has students in over 30 countries, focussing on Europe and MENA with major customer base in Poland, Spain, Italy, Turkey, Russia. NovaKid was founded in 2017 and is based in San Francisco, CA, USA.

Stringbike

Series A in 2011
It all started at the beginning of the 1990s, when a couple of students at the Technical University of Budapest began brainstorming over alternative possibilities of bicycle drives. As it usually happens, ideas and project work gave birth to even more ideas. In the course of a university practice session bicycles came up as a topic, and the students agreed that they were one of the most efficient means of transport in the world, apart from the technical and practical issues relating to them. The main problems proved to be the chain becoming loose with time, geometric ageing, efficiency impairing due to dirt, and of course the vulnerability of the drive. The team eventually came up with an idea to put an end to all these “difficulties”.

LeoPoly Ltd.

Seed Round in 2016
Leopoly offers easy to use 3D and VR software solutions for digital asset creation, customization and assembly, a new generation, multiuser and cross platform CAD software. Leopoly's software solution were used in the first 2 years by over 100 thousand users and were licensed by 20 enterprises, including HP, Orchard, zSpace and others. Leopoly is the only company offering a cross platform (web, native and VR/AR) and social CAD software that can be used by end users and recently introduced its API so companies and developers can also take advantage of the technology and create their own application using easy to use editing capabilities.

Cursor Insight

Venture Round in 2021
Cursor Insight, a software development company, is changing the cybersecurity market by world-class movement analysis solutions. The company develops a human motion analysis algorithm capable of processing data recorded with various movement capturing devices from electronic signature pads to computer mouse. Cursor Insight is a U.K.-based company that was founded in 2013 by Tamas Zelczer and Bence Golda.

Codecool Kft.

Series B in 2019
Codecool Kft. owns and operates a chain of coding schools in Hungary. The company provides programming and technical courses consisting of 12 months of practice and 6 months of on-the-job training, primarily for people in the age group of 18 to 40 years. Codecool Kft. was founded in 2014 and is based in Miskolc, Hungary. The company operates educational centers in Budapest and Miskolc, Hungary and Krakow, Poland.

3G Multimedia Kft

Series A in 2012
3G Multimedia Ltd provides turnkey white label music streaming solutions. Turnkey includes legal services, content provision and end-to-end technology solutions. Its main markets are the CEE and EMEA regions.

Gravity R&D, Ltd.

Series A in 2011
Gravity R&D is a fast-growing company that helps customers with its state-of-the-art recommendation solutions. These solutions enable Gravity's customers to increase revenues by providing personalized recommendations to their current user base. Their goal at Gravity is to determine the best relationship between personal taste and other user group preferences through sophisticated mathematical algorithms, taking customers beyond the obvious to new discoveries. This results in additional sales and increased user satisfaction. The high quality recommendations Gravity solutions make are proven to generate additional revenues for their clients. Gravity was founded in 2007 as a spinoff of Team Ensemble from Budapest University of Technology and Economics, which achieved the highest overall score (and ranked 2nd) in the Netflix Prize Competition, the most important competition for recommendation engines.

Starschema Ltd

Private Equity Round in 2018
Starschema is a data warehousing, business intelligence and big data service provider and technology innovator located in Hungary. Stuffed with the smartest data tech guys our team enjoys solving the most complex data management related challenges.

3G Multimedia Kft

Series A in 2011
3G Multimedia Ltd provides turnkey white label music streaming solutions. Turnkey includes legal services, content provision and end-to-end technology solutions. Its main markets are the CEE and EMEA regions.

Cellum Group

Series A in 2011
Cellum is a leading multinational mobile wallet provider based in Europe, enabling banks, mobile operators, card scheme systems and other providers to offer mobile commerce services, including payments, couponing and loyalty schemes as new ways to access customers. The company's banking-grade solutions make transactions via smartphones easier and more secure and cover all areas of m-commerce.

D-ÉG Thermoset

Private Equity Round in 2012
D-ÉG Thermoset Kft. is a defining player in the building engineering market in Hungary. On the one hand, the company owns the widely recognized panel radiator factory in Dunaújváros, which represents top manufacturing quality in the region and is the only Hungarian-owned company operating in the field. On the other hand - based on its radiator production activities - the company has established a commercial retail chain of 23 stores located around the country. Today, the turnover of these stores is several times greater than D-ÉG Thermoset's turnover from the manufacturing and sale of radiators. During the recession in the construction sector after 2008, the company lost significant markets both in its commercial and in its manufacturing divisions. Its relative market share, however, did not decrease: in fact, D-ÉG Thermoset increased its presence in some segments. Since the beginning of the financial crisis, the firm has implemented several important programs to improve efficiency. As a result, it was able to maintain operational profitability, even though lower turnover has led to proportionally increasing financial expenditures, necessitating the help of outside investors. The common aim of both OTP Turnaround Capital Fund and the majority owner of D-ÉG Thermoset Kft. is to return the company to a path to growth. Since the medium-range prospects of Hungary's construction industry do not indicate any real market expansion, the business plan developed jointly focuses primarily on improving efficiency, entering new market segments while exploiting the company's current network, and increasing the export of radiators.

LeoPoly Ltd.

Angel Round in 2015
Leopoly offers easy to use 3D and VR software solutions for digital asset creation, customization and assembly, a new generation, multiuser and cross platform CAD software. Leopoly's software solution were used in the first 2 years by over 100 thousand users and were licensed by 20 enterprises, including HP, Orchard, zSpace and others. Leopoly is the only company offering a cross platform (web, native and VR/AR) and social CAD software that can be used by end users and recently introduced its API so companies and developers can also take advantage of the technology and create their own application using easy to use editing capabilities.
Developing self-driving software, proprietary simulation tools and neural network acceleration hardware IP, AImotive is building an ecosystem to aid the deployment of automated driving. To catalyse industry collaboration our products are scalable, modular and hardware agnostic. We build on our team’s expertise in artificial intelligence, sensor fusion, 3D graphics and real-world automated driving workloads, to support partners in realizing their self-driving goals.

Samebug, Inc.

Seed Round in 2017
Samebug is a software startup company that builds a platform to help developers to find and share solutions to software problems. Simply take a stack trace from a crash, plug it into Samebug (either via a browser or plugin to IntelliJ IDEA or Android Studio) and it will search across over a Million (and growing) solutions to determine if the problem causing the crash has been solved by another engineer or not. If it has, Samebug will present the solution, if the problem has not been solved, Samebug will connect you with experts who can help.

Szallas.hu Kft.

Private Equity Round in 2015
Szallas.hu operates as an online service for booking commercial accommodation, annually delivering bookings in value of €60 million for it’s accommodation partners.

Oradian d.o.o.

Series A in 2016
Oradian d.o.o. operates as a Software-as-a-Service provider that develops software solutions that enable financial inclusion. The company offers Instafin, a management information system that delivers core banking needs. It serves microfinance banks, credit unions, and corporations in Africa, Asia, Latin America, and internationally. The company was incorporated in 2011 and is based in Zagreb, Croatia.

SEON - Fraud Prevention

Seed Round in 2019
At SEON, we’re fraud fighters. Our products are designed around two core goals: deliver effective risk prevention, and give businesses complete freedom in how they fight fraud. Above all, we build strong relationships with all our clients to share powerful insights on better fraud management, whether you use our lightweight modules or full end-to-end solution: SEON Intelligence Tool: the unique and innovative data enrichment solution. Collect all accessible data points about a customer's digital footprint from open, social sources. Use it as a one-click Chrome plugin or via API to speed up manual reviews and accelerate your risk management process. SEON Sense Platform: our flagship end-to-end solution. Analyze users’ online behaviour with velocity rules, software and hardware configuration with device fingerprinting, and enrich data in real-time through email, phone and IP analysis combined with social media profiling. Data feeds into our automated, machine-learning driven system, which uses predictive risk scoring to automate decisioning and speed up manual reviews. All accessible and fully customizable via API, or a stunning GUI with full team management features.

Codecool Kft.

Series A in 2017
Codecool Kft. owns and operates a chain of coding schools in Hungary. The company provides programming and technical courses consisting of 12 months of practice and 6 months of on-the-job training, primarily for people in the age group of 18 to 40 years. Codecool Kft. was founded in 2014 and is based in Miskolc, Hungary. The company operates educational centers in Budapest and Miskolc, Hungary and Krakow, Poland.

Genio Studio Ltd

Seed Round in 2014
Genio is a web and mobile development studio.

Replise

Series A in 2013
Replise provides social media analysis services. Their experts include Internet gurus, developers, market researchers and managers. Over the past four years, their company, shaped by the evolving market, has developed into a major player in the marketplace. Their primary research and development center is based in Budapest, with a regional center operating out of Warsaw. Their West European office in Frankfurt and market research facilities in London provide essential services to their growing clientele worldwide. Their research covers most European countries and languages, while their solutions are also available to fast-growing markets like China, South America and the Middle East. Vast amounts of data are generated for each of these markets daily, waiting to be transformed into market advantage. They analyze social media content in over 40 languages with classic market research methodologies, qualitative and quantitative analyses, based on their experience accumulated in Europe, the culturally and linguistically most diverse part of the world.

Talk-A-Bot

Seed Round in 2019
Talk-A-Bot is an information technology company that provides a chatbot enterprise solution for corporate, company, and brand. The company specializes in messenger bot, online marketing, business development, and chat marketing. Talk-A-Bot was founded in 2016 and headquartered in Budapest, Hungary.

Applied Cell Technology

Series A in 2013
Applied Cell Technology develops and distributes a patented platform technology which enables significantly better survival of stem cells, gametes, embryos after any interventions like cryopreservation. They provide solutions for research labs or businesses. They believe in giving more chance to cells will result a more predictable outcome in stem cell interventions or in assisted reproduction procedures.

Banzai Cloud Ltd.

Seed Round in 2018
Bringing Cloud Native to the Enterprise

Cryo-Innovation

Series A in 2010
Cryo-Innovation Ltd., as an R&D company focuses on accommodating stable and innovative solutions into Assisted Reproductive Technologies, both animal and human.

CloudStorm

Seed Round in 2018
CloudStorm provides robotic process automation solutions. It offers CloudStorm, a process automation software toolkit that connects the systems that employees use and automate their repetitive tasks using software robots. The company’s toolkit is also used for automating tasks, connecting software, excel integration, creating complex workflows, data entry and reporting, and remote workforce applications. CloudStorm was founded in 2016 and is based in Budapest, Hungary with additional offices in Vienna, Austria; and Kraków, Poland. It has cloud datacenters in Germany, Ireland, and the United States.

Commsignia Ltd.

Seed Round in 2016
Commsignia Ltd. researches, develops, manufactures, and distributes cooperative intelligent transportation systems. It offers vehicle-to-vehicle and vehicle-to-infrastructure communication technologies; and various connected car solutions; Commsignia V2X Software Stack, an embedded solution that provides a modular framework and small footprint for various resource-constrained target platforms. The company was founded in 2012 and is based in Budapest, Hungary.

VCC Live Group Inc.

Series A in 2020
Provider of a cloud-based technology platform intended to offer call center software services. The company's cloud-based technology platform offers call center and telecommunication technology for both in-house and outsourced call centers, enabling them to efficiently handle communication with their customers in a wide variety of channels.

Graboplast

Private Equity Round in 2015
Graboplast Zrt. manufactures interior floor decoration products. Its products include vinyl sports flooring and sports parquets; residential and commercial flooring, including sheet vinyl floor coverings; show floorings, such as artificial leather and floor productions for use in the construction of dance studios, theatres, film and photo studios, performance halls, fashion shows or clubs, and rooms of casinos; parquets; wall coverings; transport flooring; and accessories. The company serves customers worldwide. Graboplast Zrt. was founded in 1905 and is based in Gyõr, Hungary.

Statzup Kft.

Seed Round in 2015
Statzup project is all about the passion of being a real football fanatic. With their apps and sites you will be able to follow your favorites to an extent you could not before: You get all the important news, statistics, records, pictures, you can guess the result of the games and compete with your friends using their brand new scorezup game. And on the top of that, you can set up and manage your own team using real players in their The Fantasy Football (TFF) game.

Tresorit

Series B in 2018
Tresorit Ltd. provides solutions to encrypt and share files in the cloud. The company offers Tresorit, a security solution for distributed storage systems that enable users to store and share files in a secure way using the cloud. It offers its solutions for client-side encryption, secure storage, secure transfer, secure sharing, authenticated transactions, and access control. The company was founded in 2011 and is based in Budapest, Hungary.

Synetiq Kft.

Seed Round in 2014
Synetiq helps brands & media producers create high performing video ads from based on biometric data from their target audience and machine learning. Short video: https://www.youtube.com/watch?v=hfO1rtCTGPw Clients include BBC, HBO, RTL, Viacom, AMC Networks, Belgian Television, Tesco, CBA, Spar, Telekom, Telenor, Vodafone, Egis, Merck, Heineken, IKEA, Raiffeisen Bank, CIB Bank, Auchan, EON Energy, MOL Oil, Béres, OTP Bank, K&H Bank, Molson Coors, Teva, Richter, MediaMarkt, Kantar TNS, Young & Rubicam, Havas Media, Mito among others.

SEON - Fraud Prevention

Seed Round in 2018
At SEON, we’re fraud fighters. Our products are designed around two core goals: deliver effective risk prevention, and give businesses complete freedom in how they fight fraud. Above all, we build strong relationships with all our clients to share powerful insights on better fraud management, whether you use our lightweight modules or full end-to-end solution: SEON Intelligence Tool: the unique and innovative data enrichment solution. Collect all accessible data points about a customer's digital footprint from open, social sources. Use it as a one-click Chrome plugin or via API to speed up manual reviews and accelerate your risk management process. SEON Sense Platform: our flagship end-to-end solution. Analyze users’ online behaviour with velocity rules, software and hardware configuration with device fingerprinting, and enrich data in real-time through email, phone and IP analysis combined with social media profiling. Data feeds into our automated, machine-learning driven system, which uses predictive risk scoring to automate decisioning and speed up manual reviews. All accessible and fully customizable via API, or a stunning GUI with full team management features.

Now Technologies

Seed Round in 2014
Gyroset™ Glory headset is a proportional head control, enabling tetraplegic or other heavily injured users to control the wheelchair, the environment, computers etc. with a nod of their head instead of having to use all kinds of cumbersome solutions blocking their vision. Now Technologies has been founded to undertake the development, design, marketing, manufacture and support of the GyroSet solution. Paralysis can be a life-changing condition, especially if the injury prohibits the person from going about their daily routine or job as maybe they previously did. Their goal is to provide these people with an affordable solution that can make them independent and enable them to live their lives with mobility and through providing a way to interact with computers again, providing them with the potential to work, create and communicate.

Nanushka

Series A in 2012
Nanushka is an internationally recognized Hungarian women's fashion label. A family-run business, the brand has seen steady growth in annual sales and has found fans from New York to Tokyo, including celebrities like Charlize Theron, Lucy Liu, Selma Blair and Angelina Jolie. The brand was founded by designer Szandra Sandor after her graduation from the London College of Fashion. It started out with funding and assistance from the family, which was sufficient to return solid results and establish a strong brand name. To sustain and increase growth, however, and to create a truly international label, changes were needed. Nanushka International Zrt. was founded thanks to venture capital investment as a new vehicle for the brand's expansion into the global market and to realize the full potential of the designer's talent. The primary focus of the brand is the US market and Asia, but similarly essential French, Italian and Hungarian markets are also targeted.

Leonar3Do

Series A in 2011
Leonar3Do’s technology transforms the 2D flat dimension of desktop computers and other devices into a real 3D work environment and promises real interaction with your computer and with any 3D objects. It provides the easiest way to create, demonstrate and visualize virtual 3D objects in real space. Explore a truly immersive VR experience!