Predict your next investment

Venture Capital
hiventures.hu

See what CB Insights has to offer

Investments

333

Portfolio Exits

1

Funds

1

About Hiventures

Hiventures invests in and support pre-seed, seed and growth stage companies through our venture capital programs, thus helping pre-established or young, R+D+I focused companies to succeed. The firm offers a completely unique combination of venture capital programs, flexible investment conditions, and a quick and modified decisions-making structure.

Hiventures Headquarter Location

Kapas u. 6-12

Budapest, 1027,

Hungary

308800370

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Hiventures News

Low-Code Platform Oriana Raises €484,000 in Second Seed Round

Feb 28, 2021

Low-Code Platform Oriana Raises €484,000 in Second Seed Round Low-Code Platform Oriana Raises €484,000 in Second Seed Round The company has recently attracted a €484,000 seed investment from Hiventures, its second seed investment overall. There are probably more entrepreneurs than there are atoms in the universe right now, so it’s important to have the upper hand when you’re starting off. That’s at least partly the idea, anyway, behind low-code development platforms, where developers use a graphic user interface to build websites, apps, databases, and more. Oriana is one such platform that allows you to start building code with minimal actual programming and boost your workflow’s efficiency. The core of the platform itself is the  “Studio” component, designed to fit into an enterprise environment by allowing users to define complex workflows, screens, and other modules – all without coding – while the “Engine” section gives users the tools to code everything else. Oriana also provides what they call “Blocks” as part of the platform, which are prebuilt application components, such as calendars, timelines, as well as implementations for managing customer data, knowledge, documents, workdays, and contacts. The system is mainly used for the development of fairly large enterprise or government core applications like contact center and enterprise service management systems, procurement systems, complex document and process management applications, and so on. Richard Basa , the company’s CEO, explains. Richard Basa, Oriana’s CEO “Low-code is a very versatile segment, with quite a few players. Within that, our system is for the purpose of large enterprise core software development (so not for webpage or simple workflows). We have an immensely powerful workflow engine built into it, very handy screen designer, pre-built application blocks and several other functions all aiming to facilitate the creation of large enterprise core applications. Our fucus is Enterprise Service Management where we are building application templates as well, to even further reduce time to completion for an Enterprise Service Management project”. The company’s main focus is the construction of said Enterprise Service Management software, applications that usually oversee the entirety of a call center’s internal processes. That software is meant to help customer service representatives work through complex operations in order to resolve usually complex tasks. Oriana has already landed a huge win by creating the application used by Hungary’s largest Government Hotline service, the 1818 number, regularly handling an influx of millions of calls per year. As of December, the company has earned its second seed round from investors Hiventures . Deák Enikő , Deputy Investment Director at the investment firm, comments. Deák Enikő, Deputy Investment Director at Hiventures “Businesses need a lot more software nowadays and they need it fast. It means that changes in markets and customer needs put ever increasing pressure to adapt, improve and innovate quickly. Oriana’s low-coding platform offers simpler, faster and cheaper ways for building software. The comprehensive process automation and case management capabilities intertwined with the low-code capabilities offer a competitive technology in a very high growth segment of the market”. Deák notes that each member of Oriana’s management team has 20+ years of experience in their respective fields, making them a truly attractive clientele. They also mention that for Oriana specifically, their near-future plans include a Series A fundraising round meant to fund the company’s next growth stage. Hiventures will, of course, also be participating. It’s expected that low-code platforms will account for 65% of all code being written within the next 5 years. Going into 2021, projections for the low-code development technologies market are estimated to be $13.8 billion, an increase of 22.6% from the previous year. Whether those predictions turn out to be correct remains to be seen, but technological adoption tends to fall onto simpler and more elegant solutions that require less specialized skills to create and take less time to deploy. Much like Oriana’s platform itself, the industry is likely to become even more modular and granular with time, finally demystifying coding and significantly removing barriers between idea and implementation.

Hiventures Investments

333 Investments

Hiventures has made 333 investments. Their latest investment was in RECnGO as part of their Seed VC on September 9, 2021.

CBI Logo

Hiventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/21/2021

Seed VC

RECnGO

$0.83M

No

2

3/1/2021

Seed VC

Oriana

$0.58M

Yes

1

9/15/2020

Incubator/Accelerator

PharmaVision

$0.07M

Yes

1

9/15/2020

Incubator/Accelerator

Subscribe to see more

$99M

Subscribe to see more

10

9/15/2020

Incubator/Accelerator

Subscribe to see more

$99M

Subscribe to see more

10

Date

9/21/2021

3/1/2021

9/15/2020

9/15/2020

9/15/2020

Round

Seed VC

Seed VC

Incubator/Accelerator

Incubator/Accelerator

Incubator/Accelerator

Company

RECnGO

Oriana

PharmaVision

Subscribe to see more

Subscribe to see more

Amount

$0.83M

$0.58M

$0.07M

$99M

$99M

New?

No

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

2

1

1

10

10

Hiventures Portfolio Exits

1 Portfolio Exit

Hiventures has 1 portfolio exit. Their latest portfolio exit was Makery on April 08, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/8/2021

Acquired

2

Date

4/8/2021

Exit

Acquired

Companies

Valuation

Acquirer

Sources

2

Hiventures Fund History

1 Fund History

Hiventures has 1 fund, including SME Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

SME Fund

1

Closing Date

Fund

SME Fund

Fund Type

Status

Amount

Sources

1

Hiventures Team

5 Team Members

Hiventures has 5 team members, including current Chief Executive Officer, Kornel Kisgergely.

Name

Work History

Title

Status

Kornel Kisgergely

Chief Executive Officer

Current

Csaba Barath

Senior Director

Current

Akos Benke

Chief Executive Officer

Former

Varady Zoltan

Chief Executive Officer

Former

Nemeth L Aicos

Controller

Former

Name

Kornel Kisgergely

Csaba Barath

Akos Benke

Varady Zoltan

Nemeth L Aicos

Work History

Title

Chief Executive Officer

Senior Director

Chief Executive Officer

Chief Executive Officer

Controller

Status

Current

Current

Former

Former

Former

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.