Nation 1 VC

Nation 1 VC, now branded as N1, is an early-stage venture capital firm founded in 2019 and headquartered in Prague, Czech Republic, with a registered presence in Luxembourg. The firm positions itself as a 'Day 0' investor — the first choice as a first investor and partner — backing AI and healthtech founders primarily across Europe and the United States. N1 is led by founding Managing Partners Marek Moravec and Jaroslav Trojan, alongside partner Petra W. Konceli kova, and manages approximately $60 million across two funds: an original Nation 1 Fund of EUR 35.1 million and a successor vehicle currently being deployed. N1 writes checks from EUR 20,000 to EUR 1.5 million per company as a minority investor at pre-seed and seed stages, and has deployed EUR 23 million or more across 30-plus startups in its first five years of operation. As of late 2025 the active portfolio stands at 35 companies, with 4 new investments made in 2025 alone. The portfolio spans AI, fintech, insurtech, healthtech, e-commerce, travel, and environmental technologies. Notable portfolio companies include Snuggs, a period-underwear brand; Daytrip, a platform connecting travelers with local-knowledge drivers; Vrgineers, a VR training simulator for aviation; DuoCards, a language-learning app; TrueClaim, an insurtech platform; and Myriad AI, a Czech-founded AI startup that raised a $2 million pre-seed as a recent follow-on. N1 operates with conviction at the earliest stages, accepting the highest uncertainty in exchange for the most meaningful ownership and founder relationships. The firm's approach is built on long-term partnership rather than board oversight alone, with partners engaging actively on product, hiring, and early commercial strategy.