Jet Investment Launches Venture Fund with €50 Million Target for Industrial B2B Start-ups in Central Europe; First Commitment to Czech Start-up PARTORY

Prague, September 28, 2024

Jet Investment, a leading Central European investment firm, has announced the launch of Jet Ventures, a new venture capital fund targeting €50 million to drive innovation in industrial B2B start-ups across Czechia, Germany, Austria, Poland, and Slovakia over the next decade. As part of its initial activities, Jet Investment has already invested €1.25 million in PARTORY, a Czech digital factory.

Jet Ventures marks Jet Investment’s first foray into venture capital. With assets under management totaling €600 million and nearly 30 years of experience managing mature industrial companies and industrial real estate, Jet Investment is a major player in the region’s alternative asset market.

Led by seasoned managers and angel investors Kamil Levinský and Roger Dorsch, the international Jet Ventures team invests into early-stage start-ups with an established market presence and proven traction through growing customer base and revenue. Jet Ventures will focus on the industrial sector like its parent company, Jet Investment, specifically targeting industrial-tech / B2B start-ups. These start-ups, leveraging cutting-edge technologies, are positioned to enhance the competitiveness of industrial companies in production, supply chains, and distribution. The fund will invest in the industrial heartland of Europe, i.e Czechia, Slovakia, Poland, Austria, and Germany, aiming to raise €50 million from individual and institutional investors.

Igor Fait, managing partner of Jet Investment, shared his vision: “With nearly three decades of experience transforming mature industrial companies, we see supporting young industrial innovators—whose breakthrough technologies can drive further modernisation and growth across the European economy—as a natural extension of our investment strategy. Our mission is to boost European industry, which has fallen behind the U.S. in integrating high-tech innovations into traditional sectors and is losing its competitive edge. Central Europe, the industrial heart of the continent, boasts a vast pool of technical and IT talent, combined with lower operational costs, making it the perfect incubator for innovative technologies."

First Step Towards Innovation: Jet Investment Invests in PARTORY

Alongside the Jet Ventures fund launch, Jet Investment has made its first investment of €1.25 million in the pre-Series A round of the Czech start-up PARTORY (formerly Factoree.online), founded by brothers Milan and Jakub Málek.

PARTORY is a B2B platform utilising AI and machine learning to streamline the procurement process for low-cost metal parts purchased in high volumes.

Milan Málek, co-founder of PARTORY, highlights the platform’s benefits: “The procurement of custom metal parts—such as beams, frames, brackets, or fasteners—often places an unnecessary burden on companies. The associated logistics, communication, and warehouse management are frequently inefficient in terms of time and cost. PARTORY is a digital factory with unlimited machinery. Customers upload a simple technical drawing, and our algorithm selects the most suitable technology and machinery from our network of audited European suppliers, provides real-time pricing within 24 hours, verifies, and secures available machine capacity, and takes into account manufacturers’ experience with the requested materials. With PARTORY, customers can reduce costs by up to 15%, and onboarding new suppliers is reduced from months to days. The onboarding process covers everything from samples to packaging and quality control approvals.“

Kamil Levinský, partner at Jet Ventures, comments: "PARTORY is a perfect fit for our investment strategy, rooted in the industry and built on two decades of industrial experience of its founders. With a solid customer base and year-on-year revenue growth of 300%, PARTORY helps European industrial companies enhance supplier efficiency and significantly reduce costs. We see great potential in PARTORY, thanks to its deep market knowledge, strong customer references, and validated product success as demonstrated by its accelerating revenue growth—not only in Europe but also globally."

Jakub Málek, co-founder of PARTORY, adds: “This investment will allow us to develop our software platform further and expand into international markets. We will focus on hiring native speakers in target countries and onboarding new suppliers and transform them into ESG-compliant businesses. At the same time, we will improve the use of AI-driven pricing and procurement management, which will increase the efficiency of the entire supply chain.”

Today, PARTORY collaborates with 1,500 European manufacturers of engineering parts, with clients such as Honeywell and Thyssenkrupp. The company is also beginning to work with businesses within Jet Investment's portfolio. Levinský further remarks: "With the Jet Ventures fund, we aim to provide start-ups not only with capital and industrial expertise but also synergies with other Jet Investment companies, business collaboration, or the opportunity to test technologies in the real environment of our manufacturing companies.”

Jet Venture 1 SICAV Fund

Fund for qualified investors

• Regional focus: Czechia, Germany, Austria, Poland, Slovakia

• Industry focus: Industrial-tech /B2B, advanced manufacturing systems, deep tech, Internet of Things (IoT), artificial intelligence and machine learning (AI & ML), cybersecurity, robotics and drones, 3D printing, and supply chain technologies.

• Planned fund size: €50 million

• Planned return for investors: 20% p.a. net

• Company stage: pre-Series A, Series A, and potentially Series B

• Expected number of portfolio companies: 16-20

Jet Ventures Leadership Team

Kamil Levinský, Partner As former CEO of České Radiokomunikace, a.s., he was responsible for the business transformation of České Radiokomunikace and led the transition to digital television broadcasting in Czechia, which led to the successful sale to Macquarie Group. As Process and Quality Integration Director, he collaborated on the merger of Český Telecom and Eurotel into Telefónica. As an experienced angel investor, he was involved in projects such as Disivo, Good Access, Acreom, Atomontage, Creal, 24Vision, and Cerebrica.

Roger Dorsch, Partner As former CFO of MARS Inc. Central Europe he was responsible for the complete re-structuring of Mars Inc.s’ business in Central Europe from six business units into one after having led the Swiss business unit through the CHF/EUR market turbulences for 2.5 years Build broad and international business and finance acumen via senior management roles at Procter & Gamble for nine years. Built a strong B2B venture portfolio with Gigahertz Ventures, including companies such as Semron, Pydro, SLN, and Antacon, and helped establish and grow ZenOwn, after having led sale of Agilion GmbH to Siemens.

About Jet Investment

Established in 1997, the Czech-based investment company Jet Investment a.s. specialises in investments in the Central European industrial sector. The company manages assets, including uncalled capital, totaling €600 million (15 billion CZK) across its four qualified investor funds.
The private equity funds Jet 2 and Jet 3 invest in medium-sized Central European manufacturing companies with strong growth potential. Their portfolio includes companies such as 2JCP, TEDOM, ROCKFIN, FIBERPREG, EDS GROUP, and LIKOV, employing approximately 4,000 people. In the past, Jet Investment has successfully managed and divested industrial manufacturing companies such as KORDÁRNA Plus, MSV Metal Studénka, Benet Automotive, PBS Power Equipment, and LESS&TIMBER.
The real estate fund Jet Industrial Lease, launched in 2021, invests in industrial properties, managing a portfolio of 9 real estate projects in Germany, the Czech Republic, and Poland.
Founded in 2024, the Jet Ventures fund invests in rapidly growing start-ups in the industrial-tech / B2B sector.
Jet Investment is co-owned by four partners—Igor Fait, Lubor Turza, Libor Šparlinek, and Marek Malík—and operates with a team of over 30 investment experts from offices in the Czech Republic (Prague, Brno) and Poland (Warsaw).
For more information, visit www.jetinvestment.eu

About PARTORY
PARTORY is a Czech tech-engineering startup founded by entrepreneurs with a long history in the engineering industry. The platform helps engineering and manufacturing companies improve the efficiency of their procurement processes and digitalise their supply chains. In 2018, the Málek brothers launched the Kooperace.cz project, a catalogue of available engineering capacities. Their customers wanted a turnkey service, including samples, packaging, and inspections according to their specifications, leading to the creation of the project under the name Factoree which nowadays operates under the name PARTORY. In 2022, they expanded their services to international clients. Now, the platform offers complete manufacturing solutions for the engineering industry across Europe. PARTORY‘s solution reflects the inefficiencies in the real-world supply chain process. Their clients include Honeywell, Thyssenkrupp, Wanzl, Trumpf, Bobcat, and Dražice.
For more information, visit https://partory.com