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Czech startup Duvo raised a $32M Series A led by Balderton Capital on October 14, 2026, to take its enterprise automation platform into the US retail market.
Key Takeaways
- Duvo raised $32M in a Series A led by Balderton Capital, announced October 14, 2026.
- Total funding reaches $48M, ten months after a $15M seed round.
- Proceeds go mainly to sales, marketing and partnerships for a US launch.
Lead
Duvo, a Czech enterprise software startup founded by Rohlik Group chief executive Tomáš Čupr, announced a $32M Series A on October 14, 2026. Balderton Capital led the round. Existing backers Index Ventures, Northzone and Credo Ventures also took part. The company has now raised $48M in total and has not disclosed its valuation.
The money arrives about ten months after Duvo's $15M seed round in December 2025. That is a quick turnaround for a company founded in 2025, and the investor list shows the seed backers chose to stay in rather than let a new lead take the round alone.
What Does Duvo Actually Sell?
Duvo sells an "Enterprise Execution OS", software that lets employees and AI agents run business processes together across systems a company already owns. These include ERPs, supplier portals, spreadsheets and email inboxes. The product is model-agnostic, so customers are not tied to a single AI provider.
A component called Duvo Clarity uses AI to find and map workflows that exist only in employees' heads. The idea came from Čupr's experience deploying AI agents at Rohlik, where undocumented operational knowledge made automation stall. Duvo's pitch is that its platform captures that knowledge first, then automates it.
Co-founders Marek Paris and Martin Pecha work alongside Čupr. The company had about 15 employees at the seed stage and now employs roughly 60 to 70 people, depending on the count cited.
Who Is Paying for It?
Customers include Notino, Morrisons, Holland & Barrett, Boden and Allegro, along with Rohlik itself. Duvo says its customers have captured more than $100M in value across finance, supply chain, commercial, customer care, marketing and HR. That figure is the company's own and is not tied to disclosed revenue.
The most concrete example comes from Notino. Supplier bonus reconciliation there fell from 70 days to 15, and specialist time per cycle dropped from about 120 hours to under 10. Duvo has not published revenue or annual recurring revenue, so the scale of the business remains unclear.
Why Is Duvo Heading to the US Now?
Duvo is entering the US because its European retail references give it a credible entry point, and the Series A pays for the go-to-market build. Most of the capital will fund sales, marketing and partnerships, starting with retailers and consumer goods producers.
Two senior hires accompany the round. Michael Green, previously at Databricks and Salesforce, joins as SVP of Go-to-Market. Spencer Insolia, a former Kmart president who also worked at Accenture, becomes Managing Director for the US.
How Does the Round Compare With the Market?
The round is mid-sized for enterprise AI in 2026, where much larger Series A cheques have become common for US-based competitors. Balderton's lead suggests a bet on a founder with operating credibility, since Rohlik is valued at roughly $2B and gives Čupr a live testbed. Duvo's pitch also targets a specific complaint: enterprise AI projects that stall at the pilot stage rather than reaching production.
The skeptical reading is that no valuation or revenue figure accompanies the announcement. Customer-value claims are harder to verify than ARR, and the US enterprise automation market already includes well-funded incumbents. Duvo will have to show that a retail-specific starting point is an advantage and not a limit.
What Comes Next?
The next test is conversion of US pilots into paid contracts. Duvo's own comments point to a market where, as Čupr has framed it, winners will be those who deliver the most value at a sustainable cost. That implies pricing and margins will matter as much as model quality.
Outlook
Duvo has $48M in total funding, a recognizable European customer base and a US hiring push led by two experienced executives. The company has yet to disclose valuation or revenue, so the Series A reads as a bet on the founder and early deployments rather than on published financials. A Series B would likely hinge on US customer wins in 2027.
