Sectors
Where we invest
At Slovak Investment Holding, we believe that EU funds can make a real difference in Slovakia when deployed in a strategic and targeted way. We support projects that deliver clear value to both society and the economy. With deep expertise in investment management, we know how to direct capital where it can generate the greatest impact and long-term benefit.
Competitiveness and business growth
Discover more about investments and financial instruments
Finance for ideas, innovation and company growth
Our goal is to help Slovak companies strengthen their competitiveness, create jobs and deliver innovative solutions to today’s and future challenges.
We support companies in accessing capital for growth, expansion and technological development through modern and accessible financial instruments – from preferential loans and guarantees to equity and quasi-equity investments.
We support small, medium-sized and larger companies at different stages of development – from start-ups to established companies with growth ambitions.
By combining public resources with an expert-driven approach, we work closely with banks, investment funds and other partners to ensure that capital is directed where it can deliver the greatest benefit to the Slovak economy.
Commercial banks participate in guarantee and loan financial instruments. In both cases, bank clients benefit from financing on more favourable terms than those available under standard lending arrangements, whether through lower interest rates or reduced collateral requirements.
PARTNERS
Tatra banka currently participates in the implementation of a Slovak Investment Holding guarantee instrument designed to support SMEs and other selected policy priorities.
Through this instrument, eligible clients can access preferential financing, including the possibility of combining financing with a grant component.
The instrument is implemented by the partner bank; clients can obtain information on financing conditions and application procedures directly from Tatra banka.
Previous Cooperation between SIH and Tatra banka
Slovak Investment Holding has long cooperated with Tatra banka in the implementation of guarantee and loan instruments supporting SMEs. Through these instruments, financing was provided for business investment projects implemented through the banking sector.
The cooperation also included the bank’s participation in SIH COVID-19 response guarantee schemes, which helped preserve access to finance during challenging economic conditions.
Všeobecná úverová banka (VÚB) currently participates in the implementation of a Slovak Investment Holding guarantee instrument designed to support small and medium-sized enterprises (SMEs) and other selected policy priorities.
Through this instrument, eligible clients can access preferential financing, including the possibility of combining financing with a grant component.
The instrument is implemented by the partner bank; clients can obtain information on financing conditions and application procedures directly from VÚB.
Previous Cooperation between SIH and VÚB
Slovak Investment Holding has maintained a long-standing partnership with VÚB in the implementation of guarantee instruments supporting SMEs. The bank participated in both COVID-19 response guarantee schemes and subsequent crisis-response guarantee instruments, through which financing for business projects was provided via the banking sector.
SIH guarantee instruments have played an important role in the cooperation between SIH and VÚB, contributing to improved access to external financing for Slovak enterprises.
Československá obchodná banka (ČSOB) currently participates in the implementation of a Slovak Investment Holding guarantee instrument designed to support SMEs and other selected policy priorities.
Through this instrument, eligible clients can access preferential financing, including the possibility of combining financing with a grant component.
The instrument is implemented by the partner bank; clients can obtain information on financing conditions and application procedures directly from ČSOB.
Previous Cooperation between SIH and ČSOB
Slovak Investment Holding has maintained a long-term partnership with ČSOB in the implementation of financial instruments supporting SMEs. This cooperation also builds on the previous participation of OTP Banka Slovensko in SIH instruments prior to the merger of the two institutions.
The bank has participated in both guarantee and loan instruments, including risk-sharing facilities, as well as COVID-19 response and crisis-response guarantee schemes supporting businesses at various stages of development.
Slovak Investment Holding has cooperated with J&T BANKA in the implementation of guarantee instruments supporting business development and investment projects. The bank participated in SIH COVID-19 response guarantee schemes, which facilitated access to financing for enterprises during a period of heightened economic uncertainty.
Slovenská záručná a rozvojová banka (SZRB) currently participates in the implementation of a Slovak Investment Holding guarantee instrument designed to support SMEs and other selected policy priorities.
Through this instrument, eligible clients can access preferential financing, including the possibility of combining financing with a grant component.
The instrument is implemented by the partner bank; clients can obtain information on financing conditions and application procedures directly from SZRB.
Previous Cooperation between SIH and SZRB
Slovak Investment Holding has long cooperated with SZRB in the implementation of guarantee and loan instruments supporting SMEs. Through these instruments, financing was provided for business projects through Slovakia’s development banking sector.
The cooperation also included SZRB’s participation in SIH COVID-19 response guarantee schemes, which expanded financing opportunities for businesses during a challenging economic period.
UniCredit Bank currently participates in the implementation of a Slovak Investment Holding guarantee instrument designed to support SMEs and other selected policy priorities.
Through this instrument, eligible clients can access preferential financing, including the possibility of combining financing with a grant component.
The instrument is implemented by the partner bank; clients can obtain information on financing conditions and application procedures directly from UniCredit Bank.
Previous Cooperation between SIH and UniCredit Bank
Slovak Investment Holding has maintained a long-standing partnership with UniCredit Bank in the implementation of guarantee instruments supporting SMEs. Through these instruments, financing was provided for business projects via the banking sector.
UniCredit Bank also participated in SIH COVID-19 response and crisis-response guarantee schemes, which broadened financing opportunities for enterprises.
Slovak Investment Holding has cooperated with Oberbank in the implementation of financial instruments supporting SMEs. The bank participated in both COVID-19 response and crisis-response guarantee schemes, through which financing for business projects was delivered via the banking sector.
BKS Bank currently participates in the implementation of a Slovak Investment Holding guarantee instrument designed to support SMEs and other selected policy priorities.
Through this instrument, eligible clients can access preferential financing, including the possibility of combining financing with a grant component.
The instrument is implemented by the partner bank; clients can obtain information on financing conditions and application procedures directly from BKS Bank.
Previous Cooperation between SIH and BKS Bank
Slovak Investment Holding has cooperated with BKS Bank in the implementation of guarantee instruments supporting SMEs.
The bank participated in both COVID-19 response and crisis-response guarantee schemes through which financing for business projects was provided via the banking sector.
Slovak Investment Holding cooperated with Prima banka Slovensko, formerly operating in this area as Sberbank Slovensko, in the implementation of financial instruments supporting SMEs.
The cooperation focused on risk-sharing loan instruments, specifically Portfolio Risk Sharing Loans, through which financing was provided to business projects across Slovakia.
Slovenská sporiteľňa (SLSP) currently participates in the implementation of a Slovak Investment Holding guarantee instrument designed to support SMEs and other selected policy priorities.
Through this instrument, eligible clients can access preferential financing, including the possibility of combining financing with a grant component.
The instrument is implemented by the partner bank; clients can obtain information on financing conditions and application procedures directly from Slovenská sporiteľňa.
Previous Cooperation between SIH and Slovenská sporiteľňa
Slovak Investment Holding has maintained a long-standing partnership with Slovenská sporiteľňa in the implementation of guarantee instruments supporting SMEs. Through these instruments, financing was provided for business projects, including projects focused on research, development and innovation (RDI).
The bank also participated in SIH COVID-19 response and crisis-response guarantee schemes, which expanded financing opportunities for enterprises and responded to increased market demand during periods of economic disruption.
Businesses and entrepreneurs may also access equity or quasi-equity financing through investment funds.
PARTNERS
Slovak Investment Holding is an investor in the fund managed by CB Investment Management, which holds full responsibility for the fund's management and the execution of its investment strategy. The fund was established as a fixed-term investment vehicle with an anticipated duration of 10 years, commencing its operations in 2020 and concluding its active investment period in December 2023.
During its investment phase, capital was deployed into early-stage startups—specifically companies within five years of incorporation—as well as micro and small enterprises with robust growth potential. The fund's investments actively contributed to the advancement of innovative business projects and supported the emergence and development of new entrepreneurial initiatives across Slovakia.
The fund is currently its divestment phase, with the manager progressively winding down holdings and returning capital to its investors.
Slovak Investment Holding is an investor in the fund managed by Vision Ventures, which bears sole responsibility for its management and the execution of its investment strategy. The fund was designed as a fixed-term investment vehicle with an anticipated duration of 10 years; it launched operations in 2020 and finalised its investment period in December 2023.
Over the course of the investment period, capital was aimed at supporting early-stage startups, particularly enterprises up to five years post-incorporation, alongside micro and small businesses with strong scaling potential. The deployed investments drove the development of innovative business projects and unlocked new opportunities within the entrepreneurial ecosystem.
The fund is currently its divestment phase, with the manager progressively winding down holdings and returning capital to its investors.
Slovak Investment Holding is an investor in the fund managed by Zero Gravity Capital, which carries full responsibility for its governance and the implementation of its investment strategy. The fund was established as a fixed-term investment vehicle with an expected 10-year term, initiating its activities in 2020 and closing its investment window in December 2023.
Throughout the investment period, capital was directed primarily toward early-stage startups, focusing on companies within five years of their launch, as well as growth-oriented micro and small enterprises. The fund's allocations enhanced the development of innovative solutions and catalysed new entrepreneurial activities in Slovakia.
The fund is currently its divestment phase, with the manager progressively winding down holdings and returning capital to its investors.
Slovak Investment Holding was an investor in a fund managed by Limerock Investment Holding (formerly Limerock Fund Manager), which was responsible for the fund's management and the implementation of its investment strategy. The fund's investment period ran from 2014 to 2016 and focused on supporting small and medium-sized enterprises (SMEs) through equity investments made alongside private investors on a pari passu basis.
During the investment period, capital was invested in SMEs to support their growth, business development and the implementation of investment projects. The co-investment of public and private capital broadened access to financing for businesses and created favourable conditions for their further development.
The fund has completed its divestment process and is currently undergoing liquidation.
Slovak Investment Holding is an investor in a Luxembourg-based fund managed by Neulogy Ventures, which has full responsibility for the fund's management and the implementation of its investment strategy. The fund comprises two investment compartments supporting start-ups and growth-oriented small and medium-sized enterprises (SMEs), one of which also includes private investors. The fund's investment period ran from 2014 to 2016.
During the investment period, capital was deployed to early-stage start-ups as well as SMEs with strong growth and expansion potential. The investments supported the development of innovative projects, strengthened the competitiveness of businesses and created favourable conditions for their continued growth in the Slovak market.
The fund is currently in its divestment period, during which the fund manager is progressively exiting investments and returning capital to investors.
Slovak Investment Holding also supports businesses through direct investments.
Both established companies seeking to accelerate their growth and innovative enterprises in the early stages of development may obtain capital financing.
To this end, SIH deploys a range of financial instruments, including equity and quasi-equity investments, loans and bespoke guarantee facilities.
Since June 2024, under the Recovery and Resilience Plan, we have also been providing direct equity investments and convertible loans to innovative enterprises.
OVERVIEW OF INVESTMENTS
TEIBL, s.r.o., is a Slovak technology start-up developing a platform for the digital transformation of grocery shopping. Its objective is to combine inspirational content with practical purchasing solutions, transforming the way consumers plan and execute food-related purchases worldwide. The company aims to operate both a global B2C application and a B2B community platform that simplifies grocery purchasing through engaging video recipes, expands customer reach for food suppliers, provides valuable market insights, and enables chefs to showcase recipes and market their services.
Investment (2025): EUR 700,000
Investment type: Convertible loan
resitech s.r.o. develops a digital platform for property managers, homeowners’ associations and real estate developers that enables process automation, electronic voting, document management and efficient communication. The solution is designed to simplify residential property management, improve transparency and streamline decision-making processes among property owners.
Investment (2025): EUR 250,000
Investment type: Convertible loan
Eatster is an all-in-one solution for cashless and contactless food ordering in food court environments. Its digital terminal integrates offerings from multiple vendors, helping operators reduce operating costs, address labour shortages and strengthen customer loyalty. The solution is suitable for shopping centres, airports, stadiums and large-scale events, supporting the digitalisation of the food service industry.
Investment (2024): EUR 350,000
Investment type: Convertible loan
GA Drilling is a technology development company focused on advanced plasma drilling technologies capable of reaching depths of five kilometres and beyond, enabling more efficient utilisation of geothermal energy as a renewable energy source. The company combines proprietary manufacturing capabilities with a strong technological base and a team of specialised experts to develop innovative solutions with international market potential, contributing to competitiveness in advanced energy technologies.
Investment (2018 and 2020): EUR 6.6 million
Investment type: Equity financing + Convertible loan
INO-HUB Energy, j.s.a., is a Slovak company established in October 2019 to create an R&D cluster and accelerator focused on the development of redox flow battery solutions for stationary energy storage systems. The company develops technologies in cooperation with international partners seeking to expand their global footprint into the European market, particularly across Central and Eastern Europe.
Investment (2023): EUR 4.7 million
Investment type: Equity financing
InoBat Slovakia is a European battery cell manufacturer providing tailor-made solutions through the integration of research and development, manufacturing and recycling capabilities. The company is building fully integrated battery R&D and production facilities in Slovakia, followed by large-scale manufacturing operations. Through these activities, it supports the development of the e-mobility market and strengthens technological competitiveness in advanced battery solutions.
Investment (2023): EUR 12 million
Investment type: Equity financing
Qres Technologies develops, manufactures, and markets large-format digital UV inkjet printers for the sign & graphics segment and a range of industrial applications. The company aims to capture and actively lead the transition from analogue to digital printing technologies by delivering solutions with a strong return on investment for its customers. Through in-house research and development and continuous technological innovation, Qres Technologies enhances the competitiveness of its clients and contributes to the modernisation of industrial production.
Investment (2019 and 2022): EUR 2.5 million
Investment type: Equity financing + Convertible loan
Sensoneo provides cities and businesses with smart waste management solutions that enable efficient lifecycle management of waste streams. By combining sensor technologies with advanced data analytics, the platform optimises waste collection operations, reduces operating costs and emissions, and contributes to improving the quality of life in urban environments. Sensoneo’s solutions enhance the competitiveness of municipalities and businesses in the field of sustainable resource management.
Investment (2021): EUR 0.6 million
Investment type: Convertible loan
GreenWay Holding S.A. develops and operates a network of electric vehicle charging stations across Central Europe. The company supports the growth of e-mobility and the expansion of charging infrastructure, contributing to the wider availability of sustainable transport solutions throughout the region.
Investment (2018): EUR 5 million
Investment type: Long-term loan (7-year maturity)
Exit: Investment exited through full repayment of obligations (2026)
TapGest s.r.o. operates a network of intelligent digital displays that enable efficient planning and management of advertising campaigns through data-driven tools and online software. The solution allows campaigns to be launched rapidly and targeted precisely, improving the effectiveness of digital advertising and supporting clients’ growth in the marketing sector.
Investment (2021): EUR 212,110
Investment type: Convertible loan
Streamstar developed software and hardware solutions for video production and live broadcasting. Its technologies enabled professional-grade television-quality transmission and supported the digital transformation of media production and content distribution.
Investment (2021): EUR 645,000
Investment type: Convertible loan
Status: Investment terminated following insolvency proceedings (2025)
Omnia KLF, a.s., manufactures precision-engineered and highly complex forgings used primarily in the automotive, bearing and railway industries. The company manages the entire production process, from design and engineering through final processing and export to multiple European markets. Its high level of technological expertise and vertically integrated production model strengthen its international market position and contribute to industrial competitiveness.
Investment (2020 and 2022): EUR 3.6 million
Investment type: Equity financing + Guarantee
KOOR is the largest purely Slovak energy services company. Since its establishment, it has focused on projects aimed at improving the efficiency of district heating infrastructure and reducing the energy intensity of buildings. Financing was provided to support the company’s continued expansion within a growing market and to accelerate the implementation of innovative solutions that improve operational efficiency and enhance the competitiveness of its clients.
Investment (2019): EUR 2 million
Investment type: Convertible loan
Exit: Investment exited through full repayment of obligations (2022)
Filmzie a.s. operates an online streaming platform providing free access to audiovisual content supported by advertising revenue. The company’s objective is to expand digital content distribution and develop an advertising-based monetisation model that responds to growing demand for online viewing while increasing content accessibility for a broad audience.
Investment (2021): EUR 714,000
Investment type: Convertible loan
Exit: Investment exited through full repayment of obligations (2025)
ENSTRA a.s. specialises in the operation of local distribution systems, electricity distribution and the construction of power infrastructure. The company provides comprehensive energy solutions focused on energy consumption optimisation, regulatory management, operational efficiency and innovative approaches to energy flow management. Through these activities, ENSTRA contributes to greater competitiveness and the modernisation of energy services.
Investment (2019): EUR 2.8 million
Investment type: Equity financing
Exit: Contractual share buyback (2023)
GymBeam is a fitness e-commerce platform operating throughout Central and Eastern Europe, specialising in sports nutrition, healthy food products, fitness apparel and accessories. Founded in Slovakia in 2014, the company has built a strong online platform and logistics infrastructure, enabling expansion into multiple international markets and continuous development of its product and service offering for a broad community of health-conscious and active consumers.
Investment (2020): EUR 2 million
Investment type: Convertible loan
Exit: Exit through option exercise (2023)
Boataround.com developed and operates an online booking platform for recreational yachts, motorboats and catamarans. The platform enables customers to search for and reserve vessels across a wide range of destinations while creating opportunities for continued growth through portfolio expansion, service enhancement and the strengthening of its position within the global digital travel services market.
Investment (2018–2022): EUR 0.74 million
Investment type: Equity financing + Convertible loan
Exit: Disposal of shareholding as part of an investment round (2024)
PeWaS s.r.o. develops Aquaholder, a polymer-based hydrostimulation seed treatment solution. Treated seeds are capable of retaining moisture from the soil, increasing drought resistance and improving germination and planting success rates. The technology supports the competitiveness and resilience of the agricultural sector in the context of climate change.
Investment (2021): EUR 301,800
Investment type: Convertible loan
NEXINEO s.r.o. has been providing cloud-based virtual desktop infrastructure solutions since 2014. The company primarily serves schools and organisations with a large number of workstations, replacing traditional desktop-based computing models with scalable client-based solutions. Under this model, users connect peripherals to lightweight client devices, while all computing and graphics processing power is delivered from a central server hosted either on-premises or in the cloud.
Investment (2021): EUR 639,000
Investment type: Convertible loan
Pygmalios is a technology company specialising in the collection and analysis of customer behaviour data within brick-and-mortar retail environments. Its solutions enable retailers to better understand purchasing patterns, optimise store layouts and improve operational efficiency. The company brings the level of data-driven insight available in physical retail closer to the standards of online commerce.
Investment (2021): EUR 600,000
Investment type: Convertible loan
Ecocapsule s.r.o. develops and markets mobile, energy-independent micro-homes powered by renewable energy sources. The product combines contemporary design, advanced technology and sustainability, finding applications in tourism, residential use and temporary accommodation. The company contributes to the development of innovative and competitive housing solutions.
Investment (2021): EUR 223,600
Investment type: Convertible loan
AID s.r.o. develops AI:Dental, an artificial intelligence-powered solution for the analysis of dental X-ray images. The system is designed to improve diagnostic accuracy, reduce the risk of misinterpretation, and increase operational efficiency in dental practices. The product is intended for dental clinics, universities and health insurance providers and represents an innovative digital health solution with significant growth potential.
Investment (2025): EUR 400,000
Investment type: Convertible loan
Definic (formerly Nordics.io) develops an AI-powered platform for IT services procurement management. The platform automates the request-for-proposal (RFP) process, connects clients with suitable suppliers, and provides cost and performance benchmarking capabilities. The solution enhances transparency and efficiency in selecting IT service providers while supporting the digitalisation of procurement processes within the technology sector.
Investment (2026): EUR 600,000
Investment type: Equity financing
Veslo develops a comprehensive operating system for the distribution of financial services aimed at merchants, fintech companies and sales networks. The platform covers the entire sales cycle, from lead generation and onboarding to contract management, reporting and salesforce incentive management. The solution streamlines the distribution of financial products and services while supporting the digital transformation of the sector.
Investment (2026): EUR 1.4 million
Investment type: Convertible loan
CloseRocket is an AI-powered B2B sales outsourcing platform that helps companies efficiently build and manage their sales pipelines. Through automation and advanced data analytics, the platform streamlines sales processes and improves conversion performance. The solution supports business growth and scalability, particularly within technology-driven companies.
Investment (2026): EUR 300,000
Investment type: Convertible loan
BeiT develops a comprehensive digital building management platform covering accounting, invoicing, tenant communication, energy management and access control. The solution enables centralised and efficient management of both residential and commercial real estate assets. The project contributes to the digitalisation and professionalisation of property management.
Investment (2026): EUR 450,000
Investment type: Convertible loan
TrollWall develops an AI-based solution for the automated detection and removal of hateful, abusive and otherwise inappropriate comments across social media platforms and online discussion forums. Available in multiple languages, the platform enables scalable content moderation and contributes to the creation of a safer and higher-quality digital environment.
Investment (2026): EUR 450,000
Investment type: Convertible loan
AeroMobil was a technology project focused on the development of a hybrid vehicle combining road and air mobility. The company operated in the field of innovative transportation solutions and collaborated with partners from both the automotive and aviation industries.
Investment (2019–2020): EUR 3.1 million
Investment type: Convertible loan + Direct loan
Status: Investment terminated following insolvency proceedings (2023)
PERRY SOFT a.s. is preparing the launch of Simplicity, a digital platform designed to serve as a personalised travel assistant for individual travellers. The platform integrates trip planning, accommodation and transport booking, restaurant and attraction recommendations, and artificial intelligence tools to create tailored travel experiences. The project responds to growing trends in personalisation and automation within the tourism sector while supporting the development of high-value digital services.
Investment (2025): EUR 2 million
Investment type: Convertible loan
Energy efficiency
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Energy for the future
We finance savings that make a real difference – for public budgets, people and the planet.
We support projects ranging from the renovation of residential buildings to improvements in the energy efficiency of public infrastructure – including insulation, modernisation of lighting and heating systems, as well as comprehensive solutions delivered in cooperation with ESCO companies.
We help cities, municipalities and other public institutions reduce energy consumption, operating costs and greenhouse gas emissions.
Our investments contribute to the achievement of national and European climate targets and to the sustainable development of regions. To this end, we use both loan and guarantee-based financial instruments in cooperation with banks, as well as direct investments.
Commercial banks participate in loan and guarantee financial instruments. In both cases, bank clients benefit from financing on more favourable terms than those available under standard lending arrangements, whether through lower interest rates or reduced collateral requirements.
PARTNERS
Slovenská sporiteľňa is actively involved in implementing an SIH guarantee financial instrument aimed at supporting investments in energy efficiency and the utilisation of renewable energy sources.
Through this facility, clients benefit from preferential financing tailored for projects within micro, small, medium, and large enterprises, as well as for public buildings owned by the central government and local government entities. This instrument also offers the flexibility of combining financing with a grant component.
The instrument is implemented by the partner bank; clients can obtain information on financing conditions and application procedures directly from Slovenská sporiteľňa.
Previous Cooperation between SIH and Slovenská sporiteľňa
Slovak Investment Holding collaborates with Slovenská sporiteľňa on implementing a debt financial instrument focused on enhancing the energy efficiency of residential buildings. The bank participated in an SIH loan program that provided preferential financing dedicated to the comprehensive deep renovation of residential properties.
These SIH loan instruments have significantly improved the accessibility of capital for apartment owners, enabling projects aimed at reducing energy consumption and modernizing the country's housing stock.
Československá obchodná banka (ČSOB) is actively engaged in the implementation of an SIH guarantee financial instrument designed to back investments in energy efficiency and renewable energy integration.
This instrument delivers preferential financing to clients for project execution across micro, small, medium, and large enterprises, as well as for buildings under the ownership of state administration and local self-government bodies, with an added option to combine the funding with a grant facility.
The instrument is implemented by the partner bank; clients can obtain information on financing conditions and application procedures directly from ČSOB.
Previous Cooperation between SIH and ČSOB
Slovak Investment Holding partners with Československá obchodná banka to implement a debt financial instrument aimed at upgrading the energy efficiency of multi-family residential buildings. The bank is involved in an SIH lending facility through which preferential financing was distributed for the comprehensive refurbishment of residential housing.
These SIH credit instruments have enhanced financing availability for homeowners, driving forward initiatives focused on lowering energy intensity, boosting living comfort, and modernizing the housing sector.
Tatra banka is actively involved in implementing an SIH guarantee financial instrument designed to foster investments in energy efficiency and renewable energy infrastructure.
The instrument provides clients with preferential financing tailored for projects across micro, small, medium, and large enterprises, as well as for facilities owned by state administration and municipal/regional authorities, featuring the option to combine financing with a grant mechanism.
The instrument is implemented by the partner bank; clients can obtain information on financing conditions and application procedures directly from Tatra banka.
Slovenská záručná a rozvojová banka (SZRB) is currently engaged in deploying an SIH guarantee financial instrument focused on investments in energy efficiency and the adoption of renewable energy sources.
Through this mechanism, clients receive preferential financing intended for projects within micro, small, medium, and large corporate segments, as well as for public infrastructure owned by central and local government entities, with the possibility of blending the financing with a grant component.
The instrument is implemented by the partner bank; clients can obtain information on financing conditions and application procedures directly from SZRB.
VÚB banka is actively involved in implementing an SIH guarantee financial instrument designed to foster investments in energy efficiency and renewable energy infrastructure.
The instrument provides clients with preferential financing tailored for projects across micro, small, medium, and large enterprises, as well as for facilities owned by state administration and municipal/regional authorities, featuring the option to combine financing with a grant mechanism.
The instrument is implemented by the partner bank; clients can obtain information on financing conditions and application procedures directly from VÚB banka.
Direct investments in energy efficiency deliver modern solutions that reduce energy consumption in public buildings and industrial facilities. Projects are implemented by specialised ESCO companies through Energy Performance Contracting (EPC), ensuring guaranteed energy savings and long-term sustainability.
Long-term financing-of up to 20 years for public buildings and up to 10 years for industrial projects - makes it possible to implement large-scale investments while enabling off-balance-sheet financing for businesses and municipalities. This model combines public and private capital, mobilises additional investment and incentivises ESCO companies to deliver efficient long-term project operation.
OVERVIEW OF INVESTMENTS
Systeming provides technology infrastructure and energy efficiency solutions, primarily for facilities with critical operational requirements. Its projects focus on optimising operational performance and reducing energy consumption.
Investment (2021): EUR 0.16 million
Investment type: Direct Loan
e-Dome provides energy solutions focused on the construction and refurbishment of buildings with an emphasis on sustainability. The company implements projects aimed at improving the energy performance of buildings and increasing the use of renewable energy sources in the construction sector.
Investment (2022): EUR 3.74 million
Investment type: Direct Loan
ESCO Slovensko provides energy services to both private enterprises and the public sector, with a focus on energy savings, heat generation and supply, and facilities management. Through integrated solutions, the company contributes to the systematic reduction of energy consumption and the modernisation of infrastructure.
Investment (2022): EUR 2.8 million
Investment type: Direct Loan
EKOTERM operates in the district heating and energy services sector, providing comprehensive solutions ranging from project design to the operation of energy infrastructure. The company focuses on projects that reduce energy consumption and promote the use of renewable energy sources. The financing supported the implementation of projects in both the private and public sectors.
Investment (2022): EUR 8 million
Investment type: Direct LoanKOOR is a Slovak energy services company focused on improving the performance of energy infrastructure and buildings. It implements projects primarily in the district heating sector and public buildings through guaranteed energy savings under Energy Performance Contracting (EPC) schemes. The investment supported the development of the energy services market and the implementation of energy-efficient solutions.
Investment (2020): EUR 22.5 million
Investment type: Direct Loan
Enprotech Project operates in the field of electrical installations and energy solutions, including photovoltaic systems. The financing supported projects aimed at improving the energy performance of buildings and expanding the company's energy services.
Investment (2022): EUR 3 million
Investment type: Direct Loan
Exit: Investment successfully exited through full repayment of obligations (2025)
The investment supports the implementation of energy-saving measures in public buildings owned by the Košice Self-Governing Region. The project aims to improve energy efficiency, reduce operating costs and enhance the technical condition of the region's public infrastructure.
Investment (2023): EUR 18.29 million
Investment type: Direct Loan
The investment supported the implementation of energy-saving measures in public buildings administered by the Banská Bystrica Self-Governing Region. These projects contribute to improved energy efficiency and the long-term sustainability of public infrastructure operations.
Investment (2023): EUR 1.4 million
Investment type: Direct Loan
Social economy
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Investing in an inclusive and sustainable future
We support projects that deliver a genuine social impact – from affordable housing to social enterprises.
We finance initiatives that address pressing societal challenges, including affordable housing, the development of community services, social care facilities, and businesses with a clear social purpose.
These projects are expected to generate value for society while remaining financially sustainable.
In delivering support, we use repayable financial instruments – either through direct investments or via banks and investment funds – helping to translate public resources into tangible social impact.
We support solutions that combine social impact with financial sustainability, because only then can their benefits be lasting.
In cooperation with commercial banks, we support the social economy through guarantee and loan financial instruments. In both cases, bank clients benefit from financing on more favourable terms than those available under standard lending arrangements, whether through lower interest rates or reduced collateral requirements.
PARTNERS
Slovenská sporiteľňa is currently participating in the implementation of an SIH debt financial instrument designed to support the social economy and projects that deliver substantial societal impact.
Through this facility, clients can obtain preferential financing designed for social economy entities, including initiatives focused on providing affordable housing for vulnerable and disadvantaged groups. This financing may also be complemented by a grant component.
The instrument is implemented by the partner bank; clients can obtain information on financing conditions and application procedures directly from Slovenská sporiteľňa.
Previous Cooperation between SIH and Slovenská sporiteľňa
Slovak Investment Holding maintains a long-term partnership with Slovenská sporiteľňa in implementing guarantee and debt financial instruments aimed at supporting the social economy and affordable social housing. The bank is actively involved in SIH schemes that provide preferential financing for social economy projects and affordable housing solutions, including community-led self-help construction initiatives. These instruments have significantly improved access to capital for target groups, enabling the implementation of high-impact social projects that would otherwise have limited viability under conventional market conditions.
We also support the social economy through two investment funds providing equity and quasi-equity financing to social enterprises. The objective of this financing is to promote activities and businesses whose primary mission is to generate a positive social impact. The investment funds commenced operations in the summer of 2022 and are currently in their divestment phase.
PARTNERS
Slovak Investment Holding is an institutional investor in the fund managed by CB ESPRI, which retains full responsibility for its governance and the implementation of its investment strategy. The fund was structured as a fixed-term investment vehicle with a projected 10-year lifespan; it began operations in 2022 and completed its investment period in December 2023.
It specifically targeted investments in social economy entities and projects with a high social impact. Capital was allocated through equity, quasi-equity, and debt investments to accelerate the growth of social enterprises and support initiatives addressing affordable housing or the employment of marginalised groups. This tailored approach allowed the fund to better accommodate the specific financing needs of the social economy and expand the implementation of projects generating long-term societal value.
The fund is currently in its divestment phase, with the manager progressively winding down holdings and returning capital to its investors.
Slovak Investment Holding is an investor in the fund managed by Sociálni Inovátori Impact Capital, which retains full responsibility for its management and the implementation of its investment strategy. Established as a fixed-term investment vehicle with a projected 10-year duration, the fund began operations in 2022 and concluded its active investment period in December 2023.
The fund allocated its capital to social economy projects and initiatives generating positive social returns, irrespective of the enterprise’s size or stage of development. Investments were made through equity, quasi-equity, and debt instruments, with the aim of strengthening the sustainable growth of social enterprises and creating structural conditions for projects in sectors such as affordable housing and targeted solutions for disadvantaged populations.
The fund is currently in its divestment phase, with the manager progressively winding down holdings and returning capital to its investors.
Within the social economy, our direct investments focus on developing affordable housing projects that deliver measurable social impact.
In partnership with SLSP Social Finance, Slovenská sporiteľňa and the Nadácia Slovenskej sporiteľne, we develop unique and innovative solutions that improve access to housing for vulnerable, disadvantaged and low-income groups, as well as for people with specific mobility and accessibility needs.
Our projects address the shortage of social housing by integrating affordable housing with social services, housing management and the renovation of residential properties. The affordable housing model delivers measurable social impact while ensuring the long-term sustainability and economic viability of each project.
OVERVIEW OF INVESTMENTS
Dostupný Domov is a project focused on the development of affordable rental housing for disadvantaged and low-income population groups. The company acquires and manages residential units, which are subsequently leased under conditions that are more accessible than those typically available on the commercial housing market. The project contributes to the development of social housing and improves housing affordability across regions in Slovakia.
Investments (2020–2023): EUR 25 million
Investment type: Equity financing
Dostupný Nájom builds on the affordable housing model with an increased emphasis on social inclusion. The project supports housing for disadvantaged population groups, while a portion of its housing capacity is specifically allocated to individuals from marginalised communities. The investment contributes to reducing social inequalities and supports the development of a stable and sustainable rental housing sector.
Investment (2023): EUR 42 million
Investment type: Equity financing
MUNICIPALITIES AND REGIONAL DEVELOPMENT
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Investment in regional development and strong local governments
We help cities and municipalities grow. We deliver long-term sustainable solutions that improve the quality of life for citizens.
We support the economic development of regions through repayable financing aimed at improving public services, modernising infrastructure, supporting education and skills development, community projects, and preserving cultural heritage.
This sector is financed through direct investments.
OVERVIEW OF INVESTMENTS
Litterra n.o. is undertaking the revitalisation of the historic building of the First Slovak Literary Grammar School in Revúca with the objective of creating a modern cultural and educational institution that supports the development of culture, tourism and the wider region.
Investment (2022): EUR 2.4 million
Investment type: Direct loan
MKK Grössling, s.r.o. was established to reconstruct and operate the Grössling City Baths and Library in Bratislava as a joint venture between the Capital City of the Slovak Republic Bratislava and Slovak Investment Holding.The project contributes to the revitalisation of public spaces and the development of the city’s cultural infrastructure.
Investment (2021): EUR 4.1 million
Investment type: Equity financingThe financing supported the rehabilitation of Class II and Class III road infrastructure with the objective of improving transport service quality and reducing the number of road sections in unsatisfactory technical condition.
Investment (2023): EUR 10 million
Investment type: Direct loan
The financing supported the rehabilitation of road infrastructure with the objective of reducing the infrastructure investment gap and improving the quality of transport services across the capital city.
Investment (2023): EUR 13.3 million
Investment type: Direct loan
The investment focused on the modernisation of Class II and Class III roads and the improvement of connections to higher-level transport infrastructure networks.
Investment (2023): EUR 26.6 million
Investment type: Direct loan
The investment was aimed at the rehabilitation and modernisation of Class II and Class III roads and bridges with the objective of reducing the infrastructure investment gap and improving regional transport accessibility.
Investment (2023): EUR 30 million
Investment type: Direct loan
The investments included the modernisation of transport infrastructure, particularly the rehabilitation of Class II and Class III roads and bridges, with the objective of reducing the infrastructure investment gap and improving regional connectivity. A separate project focused on the reconstruction and modernisation of selected vocational secondary schools to improve conditions for vocational education and strengthen practical training opportunities.
Investments (2023): EUR 20 million
Investment type: Direct loans
Infrastructure and transport
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Building infrastructure for the 21st century
We support strategic projects that improve quality of life and accelerate regional development. We help finance modern, integrated solutions that move Slovakia forward.
In the infrastructure sector, we primarily focus on direct implementation, which allows us to efficiently support a smaller number of projects with higher investment volumes.
We use financial instruments in the form of preferential long-term loans, as well as equity and quasi-equity investments.
In recent years, we have supported key projects, primarily in road and railway infrastructure.
OVERVIEW OF INVESTMENTS
The D4 motorway and R7 expressway project represents one of the most significant transport infrastructure investments in the Bratislava metropolitan area. Implemented as a public-private partnership (PPP), the project has improved regional connectivity and significantly reduced transit traffic passing through the capital.
Investment (2016): EUR 27.9 million
Investment type: Mezzanine loan
The project involved the acquisition of specialised diagnostic train sets designed to monitor the technical condition of the railway infrastructure. The investment contributes to improving the safety, reliability and operational efficiency of the railway network.
Investment (2019): EUR 30.43 million
Investment type: Direct loanThe investment financed the reconstruction of railway platforms at Košice Railway Station, improving passenger comfort, accessibility and safety.
Investment (2022): EUR 12.77 million
Investment type: Direct loanThe project includes the modernisation of railway stations and signalling systems to enhance the technical standard, reliability and safety of railway transport.
Investment (2023): EUR 14.9 million
Investment type: Direct loan
Waste management
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Sustainable solutions for a cleaner Slovakia
We support modern waste management projects that help reduce environmental pressures and increase recycling rates.
We finance waste management and renewable energy projects either directly or through investment funds. Our objective remains the same: to support the development of infrastructure for waste sorting and processing, while fostering innovation in recycling and resource recovery.
Through our investments, we help municipalities and businesses adopt more sustainable and efficient approaches to waste management, contributing to a cleaner environment and a more circular economy.
The waste management and renewable energy sector is financed through three investment funds that provide equity and quasi-equity instruments in cooperation with private investors. This partnership enables us to leverage available capital and channel it into projects that form the foundation of a greener future.
The investment funds are currently in their divestment phase, which commenced in 2024.
PARTNERS
Slovak Investment Holding acts as an investor in the fund managed by Wasteland Investment Management, which carries complete responsibility for its administration and investment strategy execution. The fund was set up as a fixed-term investment vehicle with an anticipated 10-year term, embarking on its operations in 2020 and closing its investment period in December 2023.
It prioritized investments in the waste management sector, without constraints regarding the company's age or operational scale. Deployed via equity or quasi-equity structures, all transactions were executed alongside a co-investor on a pari passu basis at the individual asset level. This framework allowed for the efficient mobilization of private capital to back critical infrastructure development and modern waste management solutions.
The fund is currently its divestment phase, with the manager progressively winding down holdings and returning capital to its investors.
Slovak Investment Holding is an investor in the fund managed by CEE Capital Management, which assumes full responsibility for its corporate governance and the roll-out of its investment strategy. Formed as a fixed-term investment vehicle with a projected 10-year duration, the fund launched in 2020 and completed its active investment period in December 2023.
The fund focused on backing waste management projects regardless of the enterprise's maturity or size. Capital was deployed through equity and quasi-equity instruments, invariably in tandem with a co-investor under a pari passu mechanism at the individual investment level. This operational model effectively crowded in private capital, supporting projects dedicated to infrastructure expansion and advanced waste management technologies.
The fund is currently its divestment phase, with the manager progressively winding down holdings and returning capital to its investors.
Slovak Investment Holding is an investor in the fund managed by IPM Avanea Eco Management, which holds absolute responsibility for its management and the delivery of its investment strategy. The fund was created as a fixed-term investment vehicle with a projected 10-year term, initiating its market activities in 2020 and terminating its investment window in December 2023.
The fund's mandate focused on waste management projects, free from any restrictions regarding corporate age or size. Investments were channeled through equity and quasi-equity structures in close cooperation with a co-investor on a pari passu basis at the individual transaction level. This strategic approach ensured the effective mobilization of private capital, thereby advancing infrastructure development and sustainable waste management solutions.
The fund is currently its divestment phase, with the manager progressively winding down holdings and returning capital to its investors.
Through direct investments, we aim to support innovative projects that contribute to improved waste management, expanded recycling capacity, waste prevention and the development of a circular economy in Slovakia.
Given the expected limited number of capital-intensive projects in this area, the financial instrument is implemented through direct investment. This approach allows us to tailor financing structures to the specific needs of individual projects while streamlining the assessment and execution process.
We focus on companies and projects investing in modern waste management and circular economy solutions that actively contribute to the achievement of Slovakia’s and the European Union’s environmental objectives. Support will be provided through equity and quasi-equity investments (including convertible loans), as well as long-term investment loans, including subordinated debt financing.
