# KayakFirst Kft.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/kayakfirst-kft

- Industry: Travel & Leisure
- Headquarters: Debrecen, Hungary
- Website: www.kayakfirst.com
- Total disclosed funding: $1.1M
- Latest round: Seed (May 17, 2018)
- Investors on record: 1

## About

KayakFirst Kft. is a Hungarian company that designs and manufactures advanced paddle machines for various water sports, enhancing athletes' training experiences with innovative technology.Founded in 2017 in Debrecen, Hungary, KayakFirst Kft. specializes in producing paddle ergometers for water sports training. The company has not pivoted from its original strategy and operates independently. Jozsef Weimper serves as the CEO. In May 2018, KayakFirst Kft. raised EUR 0.97 million in Seed funding from Hiventures, which constituted the total amount raised by the company. The firm has conducted a total of one deal.KayakFirst Kft. specializes in designing and manufacturing paddle machines, specifically ergometers that cater to various water sports such as kayaking, stand-up paddling (SUP), outrigger canoeing (OC1), dragon boat racing, and traditional canoeing. These machines enhance the training experience for athletes by providing a realistic simulation of paddling motion while ensuring the safety and durability of the equipment. A notable feature of these ergometers is the incorporation of multiple shaft holders, designed to prevent damage during workouts. Additionally, the company offers a monitor holder that can be attached to its flagship product, known as the "horn of the BULL," allowing users to engage with visual content while training. KayakFirst Kft. serves a diverse clientele including athletes, fitness enthusiasts, and sports organizations primarily in European markets and also caters to international customers seeking high-quality training solutions.In 2017, KayakFirst Kft. generated revenue of EUR 109,172 with an EBITDA amount of EUR -46,544 for the same year.Following its most recent investment in May 2018, which raised EUR 0.97 million, KayakFirst Kft. plans to leverage these funds for product development and market expansion. The company is focused on designing new paddle machines aimed at enhancing user engagement and training effectiveness. There are specific plans to expand into additional European markets, with a target completion date for these expansions set for the end of 2023. The funding will be instrumental in supporting these initiatives, enabling the company to boost its product offerings and reach a broader customer base.

## Funding rounds

- Seed, May 17, 2018, $1.1M — Hiventures

## Investors

- Hiventures (https://capitalatlas.ai/funds/hiventures) — Seed