Two Wayra CEE startups announce a total of EUR 278,000 investment four months into the programme
- OrderLord announces an investment of EUR 200,000 from Neulogy Ventures
- Polish startup Telemedi.co also announced an angel investment of EUR 78,000 from VGP to start their regional expansion into the Romanian market
Prague, 17th September 2014: Wayra CEE, the Prague-based academy of Telefonica’s global startup accelerator programme, has announced a major success at its Investor Day. Two of the nine projects in the current wave of innovative startups have already received their first external investment.
Orderlord, a startup offering a solution for food delivery systems, and Telemedi.co, which currently offers Polish users access to Doctors and specialists at any time without restriction have successfully raised their seed level funding during their time with Wayra. Orderlord has raised EUR 200,000 from Slovakia-based Neulogy Ventures, and Telemedi.co has raised EUR 78,000 from VGP to fund its expansion into Romania.
Wayra CEE Director, Jarmila Placha, said: “At Wayra we help deliver innovative and technologically unique projects that have the potential to be successful around the world. The fact that two projects from the current phase of the Wayra CEE programme have already, after just four months, received external funding totalling 7.7 million crowns is a great success, which we believe proves the ability of CEE-based businesses to develop unique technologies and projects that have the potential to succeed globally.”
OrderLord has entered the online food delivery market, which is growing 20 per cent annually. It offers a solution to restaurants delivering food, with a streamlined process that restaurant operators can use to reduce delivery time, cut costs and generally improve customer satisfaction. Customers can track delivery of their meals in real-time.
Jaro Luptak, investment manager at Neulogy Ventures, which has invested in the start-up, said: “Online food delivery orders are nothing new. However, OrderLord looks at this young and dynamic market from a different perspective. The chaos and messy processing of customer orders is replaced by a clear system with streamlined processes and a number of innovations. The global potential of the OrderLord solution and the progress made by the still developing team over the four months spent in the Wayra acceleration programme encouraged us to invest EUR 200,000 in the continued development and growth of this project.”
The Polish startup Telemedi.co developed an application that allows patients to access their doctors and specialists at any time without restriction. This service is offered not just to private customers but also to B2B clients such as insurance companies or private medical facilities.
“We expect the global telemedicine market to show two-digits annual growth and we decided to invest EUR 78,000 in the Telemedi.co to help them embark on the fast growth path of becoming an important player. After Poland, Romania will be the next market in our regional expansion plans where Telemedi.co will test the functionality of their business model,” said Mircea Draghici, investor and representative of the Venture Growth Partners (VGP) Fund, which invested in Telemedi.co.
Besides the two projects to have successfully secured funding so far, the Wayra CEE Academy in Prague supports another seven startups, which are successfully developing their businesses and attracting new clients.
These startup companies also introduced themselves at yesterday’s meeting with investors and are waiting for external investment.
“All the startups involved in this Wayra CEE startup accelerator programme are given office space in the centre of Prague and receive an investment of up to EUR 40,000. They also benefit from access to coaches and mentors, as well as opportunities to make use of the global network of Wayra Academies and thereby to address investors and business partners at a global level,” added Jarmila Plachá, Wayra CEE Director.
Wayra is one of the largest startup accelerators in the world. It operates 14 Wayra Academies in twelve countries in Latin America and Europe. Wayra has already invested in more than 415 new companies throughout the world. On the global scale, startups from the Wayra accelerator have already received investments of more than EUR 43.6 million from external investors; Wayra itself has invested EUR 14.3 million.
Wayra is part of Telefónica Open Future, an open innovation platform that integrates all Telefónica Group’s investment vehicles and initiatives to foster entrepreneurship and digital innovation.