Firms
Prague/Krakow venture firm founded in 2009 backing technical founders from Central and Eastern Europe and its diaspora. Current mandate emphasizes pre-seed first investments before product/revenue; official website advertises USD 1m–5m checks. Historical later rounds demonstrate follow-on capacity, not new later-stage mandate.
Founded 2009
Type Venture capital Funds4 Credo Stage V 2026-03-23 2026-03-23 $88M Announced new USD 88m fifth fund, reported raised/closed. Precise first-versus-final close unresolved; not target or AUM.
Credo CS4 2022-10 2022-10 €75M Final close EUR 75m, October 2022; EUR currency corroborated in Tech.eu 2022-10-14 weekly report. Pre-seed through Series A.
Credo Fund II 2015-04-27 2015-04-27 €34M 2015 close; fundraising continued.
Credo Fund I 2010 2010 €18M Debut fund.
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Team$5M $50K – $10M Czechia $5M $50K – $10M Poland $5M $50K – $10M Prague, Czech Republic — $50K – $10M Prague, Czech Republic — $50K – $10M Prague, Czech Republic — $50K – $10M Prague, Czech Republic — $50K – $10M Prague, Czech Republic — $50K – $10M Prague, Czech Republic — $50K – $10M Prague, Czech Republic — $50K – $10M Prague, Czech Republic — $50K – $10M Prague, Czech Republic — $50K – $10M Prague, Czech Republic — — – — — — – — — — – — — — – — — — – — — — – — — — – — — — – — — — – — — — – — — — – —
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Investments$2M 2026-06-24 SuperPlane Credo Ventures $4M 2026-03-18 Ezra Credo Ventures $3M 2026-01-15 Modeinspect Partech , Credo Ventures $9M 2025-09-30 Supernova.io Taiwania Capital , Y Combinator , EQT Ventures , Kaya VC , Credo Ventures , J&T Ventures , Reflex Capital , Wing Venture Capital $10M 2025 Kontext Credo Ventures $12M 2024-03-26 Picogrid Credo Ventures $4M 2024-03-06 Kurs Orbital OTB Ventures , Credo Ventures , Inovo.vc , Maciej Małysz $80M 2024-01-22 ElevenLabs Sequoia , BroadLight Capital , Credo Ventures , SV Angel , Smash Capital $4M 2023-11-07 1337 (Leet) Credo Ventures $4M 2023-10-26 1337 (Leet) Credo Ventures $10M 2023-09-25 Continuum Industries Credo Ventures $19M 2023-06-20 ElevenLabs Credo Ventures , Bryan Kim , Anjney Midha , Justine Moore , Jennifer Li $2M 2023-01-23 ElevenLabs Credo Ventures $40M 2023-01-17 Photoneo Taiwania Capital , Credo Ventures , Earlybird Venture Capital $4M 2022-11-16 Supernova.io Credo Ventures , Wing Venture Capital , Kaya VC $1M 2022-10-13 Munch Credo Ventures , Notion Capital $18M 2022-07-21 Better Stack Creandum , Kaya VC , Credo Ventures , K5 Global , Susa Ventures $4M 2022-05-31 Culina Health Credo Ventures $35M 2022-05-26 MANTA Credo Ventures , Alex Ferrara , Aleš Ducháč €7M 2022-04-05 Mindgram Credo Ventures , PortfoLion Capital Partners $125M 2022-02-02 Productboard Sequoia , Kleiner Perkins , Credo Ventures , Dragoneer Investment Group , Index Ventures , Tiger Global Management, LLC , Bessemer Venture Partners $20M 2022-01-31 Deepnote Y Combinator , Credo Ventures , Accel , Index Ventures , Kindred Ventures , Andrej Kiska $— 2022 Goodlegal Credo Ventures , Earlybird Venture Capital $6M 2021-12-10 Tiggy Founders Fund , FJ Labs , Credo Ventures , Heartland Ventures $16M 2021-10-20 Resistant AI Credo Ventures $— 2021-08-17 Bitpanda Credo Ventures $6M 2021 3DLOOK Credo Ventures $3M 2020-09-22 Simpleway Credo Ventures $1M 2020-07-13 3DLOOK Credo Ventures $18M 2020-06-01 Ezra Credo Ventures $2M 2020-04-30 Resistant AI Credo Ventures $3M 2020-02-06 Deepnote Y Combinator , Credo Ventures , Figma Ventures , Accel , OpenAI Startup Fund , Index Ventures $12M 2020-02-05 Bravo Sierra Founders Fund , Redpoint Ventures , Credo Ventures , Grace Beauty Capital , Canaan Partners , Mousse Partners $12M 2020-02-05 Bravo Sierra Founders Fund , Redpoint Ventures , Canaan Partners , Credo Ventures , Grace Beauty Capital , Mousse Partners $11M 2019-08-15 Commsignia Samsung Catalyst Fund , Credo Ventures , Day One Capital , Partech , Romain Lavault $1M 2019-07-24 Liv Credo Ventures $3M 2019-06-27 Segron Credo Ventures , OTB Ventures , Marcin Hejka , Vladislav Jez $10M 2019-02-04 Productboard Credo Ventures , Ondrej Bartos $2M 2019-01-10 Caper First Round , Y Combinator , Instacart , HCVC , Credo Ventures , Precursor Ventures , Sidekick Partners $— 2018-11-14 UI Path Credo Ventures $153M 2018-03-06 UI Path Accel , Credo Ventures , Earlybird Venture Capital $1M 2016-10-19 Productboard Credo Ventures $— 2015-08-19 Teskalabs Credo Ventures $2M 2013 TV Beat Credo Ventures $— Unknown date Theorema Credo Ventures $— Unknown date Kubeark Credo Ventures $2M Unknown date Gamee Credo Ventures $3M Unknown date Fiat Republic Credo Ventures $10M Unknown date EquiLibre Credo Ventures $10M Unknown date Codasip Credo Ventures $— Unknown date Bloomcoding Credo Ventures , Inovo.vc , Karol Lasota $2M Unknown date Archbee Y Combinator , Credo Ventures , Inovo.vc , Global Founders Capital $9M Unknown date SuperNova Y Combinator , EQT Ventures , Kaya VC , Credo Ventures , J&T Ventures , Reflex Capital $7M 2025 Axoflow Credo Ventures $1M 2019-08-06 Spaceflow Credo Ventures , Day One Capital $— 2018-12-19 Price f(x) Credo Ventures $3M 2016-12-15 Explain Everything Credo Ventures $2M 2016-02-10 Gjirafa Credo Ventures $800K 2013-11-11 Futurelytics Credo Ventures , Ondrej Bartos $2M 2012-01-01 Brainient Credo Ventures $10M Unknown date CODASIP GMBH Credo Ventures $12M Unknown date Brightpick Credo Ventures
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team@apexlogos.ai · 5 hours ago
Investment-fund research reviewed 2026-10-06. Publicly identified funds, dates, amounts and fundraising status are below. Undisclosed commitments remain unknown; this is not a complete register of private SPVs or parallel entities.
Fund sizes and investment stages
| Vehicle/metric | Amount and status | Evidence and qualification |
| --- | --- | --- |
| Credo Stage V / Stage 5 (fifth fund, 2026) | $88m announced fund; reported closed, precise first-versus-final close unresolved | [Credo's own launch post](https://www.linkedin.com/posts/credo-ventures_were-launching-credo-stage-v-a-new-88m-activity-7441861356544335872-I0NW ) calls it a new $88m fund. [Tech.eu, 2026-03-23](https://tech.eu/2026/03/23/credo-ventures-raises-88m-fund-5-to-double-down-on-pre-seed-in-cee-and-its-global-diaspora ) reports the launch/raise; [CzechCrunch, 2026-03-23](https://cc.cz/zazivame-nejvetsi-pokrok-za-20-let-elitni-cesti-investori-maji-dalsi-dve-miliardy-pro-startupove-rakety/ ) reports closure. Use announced/raised fund, not target or AUM, without claiming verified final close. |
| CS4 / fourth flagship fund (2022) | €75m final close, October 2022 | [Credo announcement](https://www.linkedin.com/posts/credo-ventures_we-have-some-amazing-news-very-happy-to-activity-6985508528903847936-Zk56 ) explicitly says final closing of 75m, though the visible post does not spell out currency; [Tech.eu weekly report, 2022-10-14](https://tech.eu/2022/10/14/this-week-in-european-tech-14-october-2022 ) establishes €75m. First close was earlier in 2022 and nine investments had already been made. |
| Historical funds managed | €170m in undated association listing | [CVCA member profile](https://cvca.cz/en/credo-ventures-2/ ). This older listing is an aggregate managed-funds figure, not size of Stage 5 or verified current AUM. |
| Current check size | $1m–$5m | [Official homepage](https://www.credoventures.com/ ), undated. Check size is separate from vehicle capital and deal totals. |
The official homepage identifies pre-seed leadership and first checks before product/revenue; the [2026 manifesto](https://www.credoventures.com/manifesto ) supports sourcing aspiring founders, engineers and students throughout CEE and its diaspora. Stage 5 reporting reinforces pre-seed emphasis. CS4's official announcement specifies pre-seed through Series A. Historical seed/Series A/Series B portfolio transactions demonstrate follow-on capacity; they do not prove that Stage 5 seeks new late-stage entrants. No later fund announcement was identified in searches through the research date. Official website displays five funds, corroborating the count, without detailing each fund's capital.
Additional fund evidence checked in the final pass:
- Credo Fund I: [source](https://techcrunch.com/2015/04/27/credo-2/ ).
- Credo Fund II: [source](https://techcrunch.com/2015/04/27/credo-2/ ).
Funds recorded in Adex after this review:
| Fund | Disclosed amount | Announcement / filing date |
| --- | --- | --- |
| Credo Fund I | EUR 18000000 | 2010 |
| Credo Fund II | EUR 34000000 | 2015-04-27 |
| Credo CS4 | EUR 75000000 | 2022-10 |
| Credo Stage V | USD 88000000 | 2026-03-23 | SHOW MORE
team@apexlogos.ai · 6 hours ago
Match research 2026-10-06 / CredoVentures / sha256:7485f77b5404a47e2deaec46ce8c6f1b739bf5c61714e150e41ff2b8e2d92b31 / part 2 of 2
Imported completed research. Baseline Adex/Signal statements describe prior state, not independent verification. Retain cited attribution, date, currency and classification caveats.
| ElevenLabs | In-house speech synthesis deep-learning models and voice research; qualifies as AI research/deep-tech rather than ordinary SaaS | Official company release names Credo lead of $2m pre-seed on 2023-01-23. Credo also explicitly participated in $19m Series A (2023-06-20) and $80m Series B (2024-01-22); no lead attribution in those later rounds. | [Official pre-seed announcement, 2023-01-23](https://elevenlabs.io/blog/elevenlabs-raises-2m-pre-seed-and-announces-ai-speech-platform-promising-to-revolutionize-audio-storytelling ); [official Series A, 2023-06-20](https://elevenlabs.io/blog/elevenlabs-launches-new-generative-voice-ai-products-and-announces-19m-series-a-round-led-by-nat-friedman-daniel-gross-and-andreessen-horowitz ); [official Series B, 2024-01-22](https://elevenlabs.io/blog/series-b ) |
Fabrica AI is an additional robotics lead: Habermann's Signal record reports a September 2023 seed; [Credo's official portfolio job board](https://jobs.credoventures.com/ ), undated, includes company-supplied text naming Credo among funders, and [Nordic9, 2023-09-07](https://nordic9.com/news/fabrica-ai-to-raise-12m-seed-with-hoxton-ventures-and-credo-ventures/ ) reports a planned $1.2m seed with Credo/Hoxton. This supports historical exposure but does not settle closing date or exact round proceeds; do not treat Signal's rounded $1m as a firm check. Zuri is not attributed to the firm here because the Signal entry may be Habermann's angel investment.
## Neurotech and adjacent investments
**No verified neurotech investment found in the sources checked.** Reviewed the saved portfolio, official strategy/portfolio, NFX and targeted searches for Credo with neurotech, neuroscience and brain-computer interface terms. Coverage is not a proof of portfolio-wide absence; stealth investments, undisclosed transactions and current fund positions may be missing.
- **Mindgram:** Official company release confirms Credo led a €7m seed round, with employee psychological care, therapy access and data-driven mental-health personalization. [Official announcement, visible publication date absent](https://mindgram.com/en/blog/mindgram-closes-seed-round/ ); [Nordic9, 2022-03-31](https://nordic9.com/news/mindgram-raised-7-million-in-a-seed-round-led-by-credo-ventures/ ); [Europa Press, 2022-04-07](https://www.europapress.es/economia/finanzas-00340/noticia-mindgram-desembarca-espana-cerrar-ronda-inversion-siete-millones-20220407122747.html ). Mental-health services and digital phenotyping do not establish neural recording, stimulation or BCI technology.
- **Ezra:** Existing-investor Credo participated in an $18m Series A led by FirstMark, announced 2020-06-01. The company applies MRI and AI to early cancer screening; this is medical imaging/diagnostics, not verified neural technology. [Company-issued PRNewswire release, 2020-06-01](https://www.prnewswire.com/news-releases/ezra-raises-18m-series-a-led-by-firstmark-capital-301068246.html ).
- **Brainient:** The name alone is not neurotech evidence. Saved Adex source concerns interactive TV advertising/gesture interaction. Likewise, ElevenLabs neural networks and Photoneo robot intelligence are machine-learning terms, not biological neural interfaces.
## Conflicts, missing information and later Adex review
1. Prioritize dated Stage 5 $88m and CS4 €75m over Signal's unnamed €100m fund claim. Precise Stage 5 first/final close and legal vehicle documents remain missing. Current audited AUM, earlier fund sizes and deployment remaining are unverified.
2. Replace null check-size fields only after review of the official $1m–$5m current strategy; preserve Signal's broader historical partner range separately. Stage evidence should emphasize current pre-seed rather than importing all historical later rounds as entry mandate.
3. Codasip appears twice in the baseline (`Codasip` and `CODASIPGMBH` exact company IDs); review entity identity and deduplicate cautiously. The $10m 2018 article confirms earlier Credo backing, not an unambiguous new Credo Series A participation. Company history's $4.5m seed differs from older reporting of a $2.8m first public round; these may describe different totals/timing and should not be silently merged.
4. Baseline Photoneo $40m dated 2023-01-17 is cumulative Series B after an additional $19m. The [official 2023 Brightpick group release](https://brightpick.ai/photoneo-brightpick-group-raises-additional-19-million-to-complete-40-million-series-b/ ) does not name Credo among that extension's investors. Verified Credo participation is the 2021 $21m component, not automatically the 2023 extension.
5. Baseline Brightpick $12m cites the [2024-11-12 official release](https://brightpick.ai/brightpick-raises-12-million/ ), which names EBRD and individuals including Maximilian Kolowrat-Krakowsky, but not Credo Ventures. A Credo partner's individual investment cannot be assigned to the firm. Keep group investment exposure distinct.
6. Baseline Mindgram's 2024 date is inconsistent with the linked company's €7m seed story reported in March/April 2022. Baseline Ezra $4m marked 2026-03-18 links to a 2018 article; treat that row's date as suspect, and use the verified 2020 Series A here.
7. Founded 2009 is supported by the official manifesto; some 2026 reporting says 2010, plausibly reflecting investment operations starting then. Do not erase the distinction. NFX London location is not proof of current headquarters; official contact locations are Prague and Kraków.
8. Review duplicate partner identities and historical titles in the snapshot before any personnel update. No database, Adex, MCP Patch or manifest modifications were made for this research. SHOW MORE
team@apexlogos.ai · 6 hours ago
Match research 2026-10-06 / CredoVentures / sha256:7485f77b5404a47e2deaec46ce8c6f1b739bf5c61714e150e41ff2b8e2d92b31 / part 1 of 2
Imported completed research. Baseline Adex/Signal statements describe prior state, not independent verification. Retain cited attribution, date, currency and classification caveats.
# Credo Ventures
Research completed: 2026-10-06. Exact Adex ID: `CredoVentures`. Canonical record: https://adex.page/firms/CredoVentures . Official website: https://www.credoventures.com/ . All sources below accessed 2026-10-06; publication dates are stated where available.
## Summary
Credo is a Prague/Kraków venture firm backing technical founders from Central and Eastern Europe and the CEE diaspora. Its current first-investment emphasis is pre-seed, before product or revenue, with official advertised checks of $1m–$5m. Latest-known fund evidence is the $88m Credo Stage V/Stage 5 launch announced on 23 March 2026. Verified deep-tech history includes processor IP, robotic vision and automation, connected-vehicle communications, space rendezvous systems, autonomous defense integration and proprietary speech AI. No verified neurotech investment found in the sources checked. Mindgram is verified mental-health adjacency, and Ezra is imaging/AI diagnostics adjacency; neither is evidence of direct neural technology. [Official strategy, undated](https://www.credoventures.com/ ), [Stage 5 reporting, 2026-03-23](https://tech.eu/2026/03/23/credo-ventures-raises-88m-fund-5-to-double-down-on-pre-seed-in-cee-and-its-global-diaspora ).
## Starting evidence: Adex and NFX Signal
The exact-ID saved Adex snapshot is `data/research/_sources/CredoVentures.adex.json`, retrieved 2026-10-06T19:29:35.802Z via read-only MCP Search. It describes early-stage CEE investing in IT, internet and health, lists founded 2009 and locations including London/Czechia/Poland/Prague, and has null check minimum/maximum/sweet spot. Its sources include NFX Signal and Goldi; these are leads, not independent verification. Investments include Codasip twice under separate company IDs, Photoneo, Brightpick, Commsignia, Kurs Orbital, Picogrid, ElevenLabs, Ezra and Mindgram, plus general software businesses. Individual round totals are not Credo's own investment amounts.
[NFX firm profile](https://signal.nfx.com/firms/credo-ventures ) was directly read. It repeats the baseline early-stage IT/internet/health description, founded 2009 and multiple locations. The accessible page exposes a co-investor list but no populated team detail; it does not validate every underlying investment or a current fund vintage. [Jan Habermann's Signal profile](https://signal.nfx.com/investors/jan-habermann ), also directly read, states $50k–$10m range, $5m sweet spot and €100m current fund size; its stage tags include seed and Series A, and personal investment records include Fabrica AI, Zuri and Continuum Industries. The €100m is undated and lacks a named vintage, conflicting with dated fund amounts below, so it should not be imported as a current firm fund size. Partner-profile entries also do not establish institutional attribution for every personal transaction.
## Fund sizes and investment stages
| Vehicle/metric | Amount and status | Evidence and qualification |
| --- | --- | --- |
| Credo Stage V / Stage 5 (fifth fund, 2026) | $88m announced fund; reported closed, precise first-versus-final close unresolved | [Credo's own launch post](https://www.linkedin.com/posts/credo-ventures_were-launching-credo-stage-v-a-new-88m-activity-7441861356544335872-I0NW ) calls it a new $88m fund. [Tech.eu, 2026-03-23](https://tech.eu/2026/03/23/credo-ventures-raises-88m-fund-5-to-double-down-on-pre-seed-in-cee-and-its-global-diaspora ) reports the launch/raise; [CzechCrunch, 2026-03-23](https://cc.cz/zazivame-nejvetsi-pokrok-za-20-let-elitni-cesti-investori-maji-dalsi-dve-miliardy-pro-startupove-rakety/ ) reports closure. Use announced/raised fund, not target or AUM, without claiming verified final close. |
| CS4 / fourth flagship fund (2022) | €75m final close, October 2022 | [Credo announcement](https://www.linkedin.com/posts/credo-ventures_we-have-some-amazing-news-very-happy-to-activity-6985508528903847936-Zk56 ) explicitly says final closing of 75m, though the visible post does not spell out currency; [Tech.eu weekly report, 2022-10-14](https://tech.eu/2022/10/14/this-week-in-european-tech-14-october-2022 ) establishes €75m. First close was earlier in 2022 and nine investments had already been made. |
| Historical funds managed | €170m in undated association listing | [CVCA member profile](https://cvca.cz/en/credo-ventures-2/ ). This older listing is an aggregate managed-funds figure, not size of Stage 5 or verified current AUM. |
| Current check size | $1m–$5m | [Official homepage](https://www.credoventures.com/ ), undated. Check size is separate from vehicle capital and deal totals. |
The official homepage identifies pre-seed leadership and first checks before product/revenue; the [2026 manifesto](https://www.credoventures.com/manifesto ) supports sourcing aspiring founders, engineers and students throughout CEE and its diaspora. Stage 5 reporting reinforces pre-seed emphasis. CS4's official announcement specifies pre-seed through Series A. Historical seed/Series A/Series B portfolio transactions demonstrate follow-on capacity; they do not prove that Stage 5 seeks new late-stage entrants. No later fund announcement was identified in searches through the research date. Official website displays five funds, corroborating the count, without detailing each fund's capital.
## Verified previous deep-tech investments
Amounts below are investee round sizes, unless explicitly described otherwise. No source checked specifies Credo's own dollar contribution for these transactions.
| Company | Technology rationale | Credo attribution, round and date | Supporting source |
| --- | --- | --- | --- |
| Codasip | Custom processor IP and design automation, including RISC-V; substantial semiconductor R&D | Official company history says a $4.5m seed round was secured with Credo. The 2018 release explicitly identifies Credo as initial-investment lead and an existing venture backer; do not infer it led or necessarily subscribed to that $10m Series A. | [Official company history, undated](https://codasip.com/company/ ); [official $10m Series A release, 2018-12-04](https://codasip.com/2018/12/04/codasip-secures-10m-in-series-a-financing-to-expand-risc-v-processor-technology-offerings/ ) |
| Photoneo / Brightpick group | Patented 3D robotic vision and autonomous warehouse picking; hardware/software robotics | Credo explicitly named in Photoneo's $21m Series B on 2021-12-07, financing 3D sensors and its Brightpick business. This establishes group exposure, not a separate Credo check into every Brightpick financing. | [Official Photoneo press release PDF, 2021-12-07](https://www.photoneo.com/wp-content/uploads/2022/07/PR_Photoneo-raises-a-21-million-Series-B-funding.pdf ) |
| Commsignia | Vehicle-to-everything communications using sensor data, embedded hardware/software and cooperative intelligent transport | Company-issued release names existing investor Credo participating in the $11m round closed on 2019-08-15, led by Karma and Samsung Catalyst. Release does not itself attach Series A label. | [Commsignia release via PRWeb, 2019-08-15](https://www.prweb.com/releases/commsignia-announces-funding-of-11m-to-extend-its-leadership-in-v2x-connectivity-852587561.html ); [official technology/history, undated](https://www.commsignia.com/about-us/ ) |
| Kurs Orbital | Rendezvous/docking module for in-orbit satellite servicing, relocation and debris removal; aerospace engineering | Credo participant in March 2024 seed, €3.7m (approximately $4m). Company news index dated 2024-03-07 supplies the €3.7m seed claim; direct current index rendering omits dynamic news details. European Space Policy Institute's March 2024 report independently names Credo and technology. Its text groups investors as leads, so lead allocation remains uncertain. | [Official news index, item 2024-03-07; search-index content accessible](https://kursorbital.com/news ); [ESPI March 2024 report](https://www.espi.or.at/wp-content/uploads/2024/04/ESPI-Insights-Issue-March-2024.pdf ); [official product site, undated](https://kursorbital.com/ ) |
| Picogrid | Platform integrating autonomous systems and defense sensors; applied systems engineering rather than a proven novel scientific platform | Company explicitly names Credo as participant in $12m seed led by Initialized, 2024-03-26. Deep-tech inclusion is an analytical classification grounded in autonomy/system integration, not an official category claim. | [Company-issued PRNewswire release, 2024-03-26](https://www.prnewswire.com/news-releases/defense-startup-picogrid-raises-12m-to-connect-defense-systems-302099219.html ) | SHOW MORE
team@apexlogos.ai · 22 days ago
MATCH