The Széchenyi Venture Capital Fund has invested 431 million HUF in three innovative Hungarian startups: Boardy, Vet for Pet, and VIS Ltd.

Target Information

The Széchenyi Venture Capital Fund (SZTA) has recently made a significant investment of 431 million HUF across three innovative projects. One of the notable targets is Boardy, a uniquely designed skateboard characterized by its customizability and patent protection. This product is notable for its use of high-quality materials, such as maple, mahogany, or bamboo wood, combined with a fiberglass frame and high-diameter inflatable Continental wheels. This combination allows the Boardy to perform well on various surfaces—be it cobblestones, dirt roads, gravel, or grass—reaching speeds of up to 30 km/h, while also being easily portable via public transport.

Another key investment of 101.35 million HUF is directed towards Vet for Pet, a pet clinic that emphasizes technological innovations and a unique design approach aimed at reducing the stress often experienced by animals during visits, commonly known as 'white coat syndrome.' This clinic utilizes thoughtful design elements, including specific colors, shapes, lighting, soundproofing, and accommodations for pets' comfort. Finally, the SZTA is investing 220 million HUF into VIS Ltd., which is developing a pay-per-view (PPV) based video-sharing platform designed to financially incentivize content creators, consumers, and referrers alike, creating a holistic ecosystem for content engagement.

Industry Overview in Hungary

Hungary’s startup ecosystem has witnessed remarkable growth over the past decade, spurred by a combination of government initiatives, increased venture capital availability, and a rise in entrepreneurial spirit among the youth. The Széchenyi Venture Capital Fund, established in 20