Slovak cloud phone services startup attracts millions in investment

CloudTalk plans to expand its operation and hire new people in Slovakia.

Illustrative stock photoIllustrative stock photo (Source: Unsplash)

A new Slovak telecommunications start-up has received an investment of €6 million.

The startup, CloudTalk, focuses on solutions for call centres, where high-quality calls, automated business processes and system configuration are all necessary, the Aktuality.sk reported.

The start-up is the first Slovak company to receive investment from the respective Dutch and German funds, henQ and Point Nine Capital.

This is the second major investment in the company after an initial seed investment of 1.3 million euros from Presto Ventures in 2019.

The company currently employs a team of 60 in Bratislava and Prague and has plans to double its size. These new investments will allow the team to hire 50 more members of staff in Slovakia, chiefly researchers, product managers and IT specialists.

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