#58 all-time
Exit · October 2021
Avocode
→ Ceros 🇺🇸
€12M≈ CZK 300M
Instant noodles swapped for caviar.
Avocode was sold to Ceros (USA) in October 2021 for €12M (about CZK 300M). It ranks #58 among Czech tech exits with a disclosed price. Founded in 2014, it took 7 years to get there. The company was founded by Anh Vu Hoang, Martin Ďuriš and Petr Brzek. It raised €1.57M from investors and sold for 7.6× that. Investors: Wisemont Capital, Reflex Capital, Kima Ventures, 500Startups, Phase and The Hustle Fund.
- Buyer
- Ceros
- Buyer country
- 🇺🇸 USA
- Founded
- 2014
- Founding to exit
- 7 years
- Founders
- Anh Vu Hoang, Martin Ďuriš, Petr Brzek
- Investors
- Wisemont Capital, Reflex Capital, Kima Ventures, 500Startups, Phase, The Hustle Fund
- Raised from investors
- €1.57M
- Multiple
- 7.6×
- Revenue
- 2 mil. EUR
Converted
4.29 millionbeers
1.2 millionplates of svíčková
400Škoda Octavias
40Lamborghinis
33Prague flats
0.3superyachts
0.08tickets to the Moon