$32m · Series A · AI · Prague, Czech Republic
Prague-based Duvo has raised $32m in Series A funding led by Balderton Capital, with existing investors Index Ventures, Northzone and Credo Ventures participating. The company says the round brings total funding to $48m and will support US expansion, beginning with retailers and consumer-goods companies.
Duvo describes its product as an “Enterprise Execution OS”: software that maps how operational work actually happens and then lets people and AI agents run approved processes across ERPs, supplier portals, spreadsheets, inboxes and legacy applications. Its Clarity product gathers process knowledge through staff interviews, screen recordings and existing documents. Agents execute the agreed steps, while decisions and exceptions remain with the responsible employee and each change is recorded.
From process mapping to repeatable execution
The commercial proposition is broader than automating one task. Duvo wants each new workflow to reuse the same system connections, approval rules and record of results, reducing the cost of moving from a successful pilot to another production process. That matters in retail, where finance, supply-chain and commercial work often crosses systems that were not designed to share data.
The company points to a supplier-bonus reconciliation at beauty retailer Notino as evidence of the model. Duvo says the process covers about $45m a year in supplier bonuses and was reduced from 70 days to 15, while specialist time per cycle fell from roughly 120 hours to fewer than 10. Its customer materials also describe deployments with Morrisons, Holland & Barrett, Boden and Allegro. These are company and customer claims, but they show the kind of high-value, exception-heavy work Duvo is targeting rather than a generic productivity assistant.
Expanding from a retail operating base
Founded in 2025 by a team from online grocer Rohlik Group, Duvo says it has almost 60 employees and has produced more than $100m in impact for clients. The Series A will fund a US push led by Michael Green, a former Salesforce senior vice-president who joins as chief commercial officer, and Spencer Insolia, a former Kmart president and Accenture managing director who recently became Duvo’s US managing director.
Balderton partner Rob Moffat said the investment case rests on Duvo’s ability to capture how enterprise work happens and automate those processes in one integrated system. The execution test is whether that approach can travel beyond its founders’ retail experience without turning deployments into bespoke integration projects. Duvo’s model-agnostic architecture and human approval controls may help with that, but expansion will still depend on converting measured customer outcomes into repeatable sales and implementation playbooks.
Sources checked:
Duvo announcement · Duvo product site · Duvo customer stories · Duvo company page · Duvo company profile · Tech.eu Funding Explorer
