Reflex Capital

Reflex Capital is a prominent venture capital fund based in Prague, Czech Republic, established by seasoned entrepreneur Ondřej Fryc, known for founding Mall.cz. The firm primarily targets promising startups and growth companies within the Czech Republic and Central Europe, though it also pursues global investment opportunities. Reflex Capital distinguishes itself with a sector-agnostic approach, placing significant emphasis on the quality of the founding team, their ideas, and individual personalities, rather than strictly adhering to specific industries. This philosophy underpins their investment decisions, seeking out visionary entrepreneurs with scalable concepts.

The fund typically engages with companies at the seed to Series A stages of their development. Reflex Capital's initial investment checks generally range from €0.5 million to €5 million, providing crucial capital for early-stage growth and scaling operations. This flexible cheque size allows them to support a diverse range of ventures, from nascent ideas requiring initial traction to more established startups poised for significant expansion.

Since its inception, Reflex Capital has demonstrated a robust investment pace and scale. The firm has deployed over €100 million across more than 20 companies, building a portfolio that includes some of the region's most successful ventures. Notable investments include the online grocery giant Rohlik.cz and the fintech innovator Twisto, showcasing their ability to identify and back high-potential businesses that achieve significant market impact. Their strategic support extends beyond capital, leveraging Ondřej Fryc's extensive entrepreneurial experience to guide portfolio companies through critical growth phases.