Reflex Capital

Reflex Capital invests into people, their ideas, and their personalities. Industries are second.

4.0
(8)
Recommend to another founder 71%

Independent rating of Reflex Capital VC fund

Overall rating:
4.0
(8)
Recommend to another founder: 71%
Team quality
3.8
Professionalism
Personal qualities
Integrity
Respect and decency
Experience
Relevant expertise
Investment process
4.1
Approachability
Clarity of the process
Speed of the process
Responsiveness
Ease of the process
Due diligence
Value add
3.4
Supportiveness
Value add beyond financing
Board activity
Terms
Founder friendly
Help with follow-up rounds

About Reflex Capital VC fund

Founded:
2012
Number of funds:
2
Number of investments:
43
Number of exits:
8
Headquarters:
Organization type:
Micro VC

Portfolio - latest investments by Reflex Capital VC fund

Founders' reviews of Reflex Capital VC fund

Team quality
5.0
Professionalism
Personal qualities
Integrity
Respect and decency
Experience
Relevant expertise
Investment process
5.0
Approachability
Clarity of the process
Speed of the process
Responsiveness
Ease of the process
Due diligence
Value add
5.0
Supportiveness
Value add beyond financing
Board activity
Terms
Founder friendly
Help with follow-up rounds
Recommend to another founder 100%
Within a year by portfolio founder
Verified by BOUND
fair, professional and helpful investors
Pros
Ondrej and his team at Reflex Capital are fair, professional and always ready to help. What I appreciate is the fact that they always keep their word. We signed a non-binding term sheet in March 2020, a week before the Covid19 crisis began in Europe. In the following weeks, our customers got affected, and our revenues unexpectedly dropped. But investors kept their word and did not abuse the situation to re-negotiate a better deal for them. We closed the transaction in May 2020, and the investment process was very smooth and professional. They have been helpful since then. I highly recommend them.
Advice for management
keep up the good work
Team quality
Not reviewed
Investment process
Not reviewed
Value add
Not reviewed
Recommend to another founder 90%
Older than a year by non-portfolio founder
Verified by BOUND
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Team quality
Not reviewed
Investment process
Not reviewed
Value add
Not reviewed
Recommend to another founder 80%
Older than a year by non-portfolio founder
Verified by BOUND
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Team quality
4.2
Professionalism
Integrity
Respect and decency
Experience
Relevant expertise
Investment process
4.8
Approachability
Clarity of the process
Speed of the process
Responsiveness
Ease of the process
Due diligence
Value add
4.0
Supportiveness
Value add beyond financing
Board activity
Terms
Founder friendly
Recommend to another founder 90%
Older than a year by portfolio founder
Verified by BOUND
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One of the two best Czech VC funds
Pros
Founder mindset - Ondra is a founder himself, who kept is enterprenurial senses, and can give great insights into various aspects of the business. And he keeps his word. Power team - you have access to experts who are ready to give valuable guidance in various business areas.
Cons
Ondra is a hardline businessman, who is a strong negotiator and can be even a bit harsh at times, which some people might not like very much. But I'm not sure this is really a Con :)
Team quality
4.2
Professionalism
Integrity
Respect and decency
Experience
Relevant expertise
Investment process
3.8
Approachability
Clarity of the process
Speed of the process
Responsiveness
Ease of the process
Value add
Not reviewed
Recommend to another founder 50%
Older than a year by non-portfolio founder
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Driven by the GP - successful founder himself - which can be both good and bad
Pros
Relatively easy to approach. Will listen to you and give professional attention to your case (inviting domain experts to review your idea/product for instance)
Cons
The fund is extremely driven by the GM/CEO Ondrej Fryc. He's the kind of guy who makes up his mind quickly but once it's made he won't give you second chances or more of his attention to try to argue your case. If he dislikes anything about your case/story/product etc. you're out of luck. Also, I know from other founders to whose companies he invested that if they don't grow fast enough, he loses his patience with them, giving them very little of his time or advice. He's very good in creating PR about his personality and the fund but be careful to judge him on his actions rather then the media image. In any case, I would talk to founder's in his portfolio before doing business with him.
Advice for management
Get more professional structure to the fund - depersonalise it
Team quality
3.3
Professionalism
Personal qualities
Integrity
Respect and decency
Experience
Relevant expertise
Investment process
3.7
Approachability
Clarity of the process
Speed of the process
Responsiveness
Ease of the process
Due diligence
Value add
3.5
Supportiveness
Value add beyond financing
Board activity
Terms
Founder friendly
Help with follow-up rounds
Recommend to another founder 80%
Older than a year by portfolio founder
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Boutique VC with founder mindset
Pros
Founder mindset Small team
Cons
Emotional managing partner
Advice for management
Hire more A-class investment partners
Team quality
3.7
Professionalism
Personal qualities
Integrity
Respect and decency
Experience
Relevant expertise
Investment process
2.4
Approachability
Clarity of the process
Speed of the process
Responsiveness
Ease of the process
Value add
Not reviewed
Recommend to another founder 50%
Older than a year by non-portfolio founder
Verified by BOUND
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Don't go for Reflex if you don't know them personally
Pros
Brand and initial professinoal session
Cons
Said they are going to come back next week back never came back
Advice for management
Try to add some transparency to the process
Team quality
2.3
Professionalism
Personal qualities
Integrity
Respect and decency
Experience
Relevant expertise
Investment process
4.5
Approachability
Clarity of the process
Speed of the process
Responsiveness
Ease of the process
Due diligence
Value add
1.2
Supportiveness
Value add beyond financing
Board activity
Terms
Founder friendly
Help with follow-up rounds
Recommend to another founder 30%
Older than a year by portfolio founder
Verified by BOUND
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A complicated person. Definitely do your own background check with his (ex)portfolio companies.
Cons
A very moody and complicated person with a big ego. Presents himself as founder-friendly, yet he is actually creating situations when the founder will need his help. He loves to be in a situation he is the hero saving the company or founders.
Advice for management
Underpromise, overdeliver. Don't hurt his ego :)
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