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5. 11. 2024, Marianna Zapotilová

Michal Šmída Named CEO of RockawayQ, Aims to Drive Digitalization and Tech Growth

The RockawayQ division, which was created with financial support from Petr Otava’s MTX Group, was launched by the investment group this summer. The first stage of the project is to target Czech and Slovak profitable companies with growth potential thanks to the implementation of advanced technologies – including AI. “We believe that the modernisation of traditional companies is just the beginning and will be a key factor for their competitiveness in the next decade. RockawayQ helps both financially and through direct implementation of technology solutions. We want to be an active investor and partner working side by side with management or business owners on their way to successful transformation and growth, ” explains the new CEO of RockawayQ Michal Šmída.

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Petr Šmíd, joining from Google, becomes new investment partner of Rockaway Ventures

Prague, October 16, 2024 – Rockaway Ventures, the venture capital fund of the Rockaway Capital group, continues to expand its presence on the startup scene in Central and Eastern Europe. The new investment partner of Rockaway Ventures Fund is former Google executive Petr Šmíd, who brings a wealth of experience in digital technology and expansion into foreign markets. His aim is to build innovative, confident and competitive companies that can compete globally.

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Jakub Krůta and Jakub Ryba: Finance and Law in Rockaway work best in tandem

A lawyer well-versed in taxes and a director of finance with deep knowledge of law? At Rockaway, that’s standard practice – that’s because the “fin-legal” departments here work in close symbiosis – something that’s not completely common in all companies. According to lawyer Jakub Krůta and Rockaway Venture Fund CFO Jakub Ryba, it is the natural culmination of many years of operation. Have a peek at their work in the next issue of our Insider.

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Crypto Market Sell-off: A Deeper Look into August 5th’s Decline

Ethereum has plunged over 45% from the 2024 high of $4 090 in March, including a sharp 38% drop in the past 15 days. Bitcoin also faced a substantial correction, losing 30% in just a week, exacerbated by a significant sell-off on Monday, August 5th. In this commentary, we’ll explore the primary causes of this notable market decline and its specific impact on the crypto markets.

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