First Monday with Riptides (Kaya VC & PortfoLion)
Fireside Chat
2nd of June 2025 @CREATE26
We got the behind-the-scenes of Hungary’s headline pre-seed round and what it takes to raise big in a technical, early market.

Speaker(s)

Zsolt Varga

Co-founder of Riptides

Marton Sereg

Co-founder of Riptides

Karol Zheng

Investor at KAYA VC

Daniel Kiss-Kiraly

Principle at PortfoLion Capital Partners

Zsolt Varga

Co-founder of Riptides

Marton Sereg

Co-founder of Riptides

Karol Zheng

Investor at KAYA VC

Daniel Kiss-Kiraly

Principle at PortfoLion Capital Partners
event description

We were happy to host Márton Sereg and Zsolt Varga, Co-Founders of Riptides, plus Karel Zheng (KAYA VC) and Dániel Kiss-Király (PortfoLion Capital Partners).

​Riptides raised €3.3M in Hungary’s largest-ever pre-seed round to solve a huge cybersecurity challenge: managing non-human identities — service accounts, API keys, tokens, certificates, and more. In a world where machines outnumber humans in production, their platform helps enterprises securely govern it all.

​The round, led by PortfoLion and Czech-based KAYA VC, fuels product dev, security research, and early design partnerships.

​The founding team knows the game: They have two exits under their belts, previously built Banzai Cloud (acquired by Cisco) and SequenceIQ (acquired by Hortonworks).

The convo was joined by two of their investors:
Karel Zheng, investor at KAYA VC, a leading early-stage fund backing bold, founder-led startups in CEE and beyond—including Kifi.hu, BetterStack, E2B or Docplanner
Dániel Kiss-Király, Principal at PortfoLion, the CEE-focused VC investing in ambitious B2B software companies with global traction.

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