Hungary’s tech ecosystem reflects a complex yet promising landscape shaped by global headwinds, regional resilience, and targeted national strategies.
Although startup funding stagnated in 2024, early-stage ventures demonstrated notable strength, attracting top-tier international investors to Hungary for the first time. Meanwhile, the innovation environment is steadily shifting toward a more market-driven model, supported by initiatives like the Startup Factory and new financial instruments such as innovation vouchers and venture capital schemes.
Despite ongoing challenges, Hungary's tech ecosystem continues to evolve in step with global trends and is laying strong foundations for future growth.
Here are 10 companies driving innovation and helping to shape the future of Hungary’s tech landscape.
PastPay
Amount raised in 2024: €12M
PastPay is a fintech company revolutionizing B2B commerce through its Buy Now, Pay Later (BNPL) platform tailored for small and medium-sized enterprises (SMEs) across Europe.
Operating in multiple European countries, PastPay has facilitated over €33 million in financing, supporting more than 170 merchants and processing over 15,000 deferred payment transactions. The platform seamlessly integrates with both online and offline sales channels, providing a centralised solution for multichannel B2B transactions.
In 2024, PastPay secured €12 million in Series A funding to accelerate its expansion across the EU.
Parkl
Amount raised in 2024: €4M
Parkl is a technology company transforming urban mobility through its integrated digital platform for smart parking and electric vehicle (EV) charging.
Founded in 2017, Parkl offers a seamless, cashless experience for drivers by combining on-street and off-street parking, EV charging, and e-vignette purchases—all within a single mobile application.
With a focus on sustainability and user-centric design, Parkl is redefining the urban driving experience by making parking and charging smarter, more efficient, and environmentally friendly.
In 2024, the company raised €4 million to support the scaling of its digital mobility service.
Scoutlabs
Amount raised in 2024: $2M
Scoutlabs is an agritech startup that specialises in AI-powered remote insect monitoring systems designed to optimise pest management for farmers.
Their affordable and scalable digital trap network enables precise field-specific pesticide application, reducing unnecessary spraying and improving cost efficiency. By providing actionable data through a user-friendly platform, Scoutlabs helps farmers combat crop-eating insects more effectively, contributing to sustainable agriculture and enhanced food security.
The company secured $2 million in 2024 for AI-powered remote insect monitoring.
Vizzu
Amount raised in 2024: $1.5M
Vizzu is a startup revolutionising data storytelling through its cinematic data visualisation platform.
Vizzu empowers users to transform complex datasets into engaging, animated narratives without requiring advanced technical skills. Its intuitive interface and smart suggestions simplify chart creation, enabling seamless transitions between data exploration and presentation. By integrating data analysis and visualisation, Vizzu enhances audience engagement and facilitates a deeper understanding of data-driven insights.
In 2024, Vizzu secured $1.5 million in funding to support the beta launch of its innovative tool and the integration of AI-driven functionalities to democratise data storytelling further.
Denxpert
Amount raised in 2024: €1M
Denxpert is a company specialising in innovative digital solutions for environment, health, safety, and sustainability (EHS&S) management.
The company offers user-friendly, modular software designed to streamline compliance, reporting, and sustainability processes for organisations worldwide. Denxpert's platform addresses various aspects of EHS&S, including legal compliance, chemical management, waste tracking, air and water monitoring, and ESG reporting. The company's solutions are recognised for their ease of implementation and are supported by a global network of experts, ensuring localised support and expertise.
The company secured €1 million in 2024 to scale and expand internationally.
Qneiform
Amount raised in 2024: €700K
Qneiform is a startup that offers an AI-powered talent intelligence platform designed to assist headhunters and recruitment professionals in identifying ideal candidates.
By leveraging proprietary datasets and advanced search technology, Qneiform enables organisations to analyse talent markets and make informed hiring decisions.
In 2024, Qneiform secured €700,00 funding, while in March 2025, it closed €3 million to expand beyond Europe and the US.
Captiwate
Amount raised in 2024: $600K
Captiwate is a real-time sales engagement platform that transforms websites into live sales channels.
Captiwate enables businesses to connect with high-intent website visitors through instant, browser-based video calls, live chat, and screen-sharing—eliminating the need for forms or scheduling.
The platform offers advanced features such as visitor identification, behavioural tracking, and data enrichment, allowing sales teams to prioritise and engage prospects at peak interest. Captiwate integrates seamlessly with existing CRM systems and communication tools like Slack, ensuring efficient lead management and faster conversions.
In 2024, Captiwate secured $600,000 in seed funding to support its mission to redefine B2B sales by facilitating genuine, real-time conversations that drive growth.
Voovo
Amount raised in 2024: €500K
Voovo is an edtech startup revolutionising the study experience with AI-powered flashcards and adaptive learning tools.
Designed for students across disciplines—from medicine to languages—Voovo enables rapid creation of flashcards using voice input, image recognition, and AI-assisted question generation.
The company secured €500,000 pre-seed funding in 2024.
Turbine
Amount raised in 2024: Undisclosed
Turbine is a biotech startup pioneering the world’s first open simulation platform for patient biology.
The company leverages artificial intelligence to create its Simulated Cell technology, enabling researchers to conduct predictive in silico experiments that capture human cellular behaviour more accurately than traditional models.
In 2024, Turbine received an undisclosed strategic investment from Accenture to extend its capabilities to global biopharma companies further.
Munch
Amount raised in 2024: Undisclosed
Munch is a sustainability startup that operates as a platform connecting food providers, such as restaurants, bakeries, cafes, and supermarkets, with consumers to sell surplus food at discounted prices.
Through the Munch app, users can purchase "surprise packages" of unsold but high-quality food, contributing to a circular food economy.
In 2024, Munch closed a Series A round and launched in Romania.
Munch's mission is to make food rescue accessible to as many people as possible, ensuring that no good-quality food goes to waste and helping to prevent the emission of tons of greenhouse gases.
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