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Videoflot received a 30 million CZK investment from Y Soft Venture Capital and is planning to expand

VP, Product Communications
Brno’s spin-off, Videoflot, first came to public attention with the viral video "Rider on the Highway", released soon after their formation, in the spin-off accelerator, Starcube, in 2012. This was only the start of their success. They then won third place in the Vodafone competition – The Idea of the Year 2012 – which guaranteed them participation in the prestigious biannual spin-off accelerator in Chile, South America. In 2013, Videoflot built up a stable platform of customers. An investment of 30 million CZK from Y Soft Venture Capital, which systematically supports promising spin-offs, will help Videoflot to open up to new opportunities in other markets around the world.

"This investment isn’t just a substantial financial injection, but also a chance to gain know-how, development tools and company management experience, resulting in a really strategic partnership. After years of operation based just on the personal enthusiasm of a few people, we can significantly expand the team and focus on foreign markets," says David Spáčil, the founder and CEO of Videoflot, describing the new collaboration. "Simply said, thanks to Y Soft, Videoflot got a rocket engine. Now, it is necessary to maintain and manage the right direction," he adds.

"David represents an enormous energy, a clear vision, knowledge and years of professional work in the video production industry. Videoflot also meets all four key criteria by which we evaluate spin-offs: vision and an idea, a product that has been well accepted by the market with the potential for global expansion, and ultimately management that has a great chance of starting the project successfully. This last criteria leads to the rejection of up to 40% of the projects evaluated. Everyone has great ideas, but that is often not enough. You have to be able to bring these ideas to reality too," says Václav Muchna, Y Soft’s CEO and investor.

Videoflot is currently undergoing big changes. The team is expanding – new programmers, UX designers and marketing staff – both in the Czech Republic and abroad. "A professional video = an agency video = an expensive video: This is the generally-accepted rule that we want to change. Within two years, we would like to build a global video production "ecosystem" that will open the door for young talents to enter the market. Without an intermediary, efficiently and freely." concludes David Spáčil.

Karen Lachtanski
Karen is part of Y Soft’s marketing team heading up PR, Analyst Relations and Content Marketing. Based in San Jose, California, she’s up early in the morning with a cup of coffee in one hand and a phone in the other in order to stay connected with teams in the Czech Republic and around the world.
View all posts by Karen Lachtanski

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