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Family HoldingPuts its own capital into companiesLAST VERIFIED Oct 2026 · 2 SOURCES

Arbol Capital

Also known as Arbol Capital a.s.

Prague family investment holding of Martin Havrda, Václav Audes and close friends, investing in clean energy, mountain residential real estate, e-mobility, aviation and software.

USEFUL FOR Founders · Co-investors

Family & background

HEADQUARTERS
Prague, Czechia

Investment approach

STAGES
Seed
ROUTES
Companies (own capital)
STRATEGIES
Direct investmentsReal estate

Overview

Arbol Capital a.s. (IČ 08108188, Prague 4) calls itself the family investment holding company of Martin Havrda, Václav Audes and their closest friends. Its founders have run businesses since 1991 in pharmaceuticals, telecoms, IT, real estate and advisory. Its references include small hydro plants on the Elbe (Labit), electric skid-steer loaders (First Green Industries), ultralight aircraft (Ellipse Aero) and mountain apartment projects run by its Arbol Real Estate unit. An advisory arm, Arbol Advisory, helps family businesses with restructuring and succession.

Investment thesis

Invests only where it can add value, preferring early-stage projects with a strong product, growth potential and motivated management, and only projects with a positive environmental impact; team members share in the ownership or profit of each project.

Holdings & investments (10)

INVESTMENT ARMS & VEHICLES

  • Real estate unit building mountain apartment houses
  • Arbol Advisory
    Shares know-how with family businesses on restructuring, management processes and succession

HOLDINGS & INVESTMENTS · MOST RECENT FIRST

  • Labit
    Climate & Energy
  • Bydlení v Krkonoších
    Real Estate & PropTech
  • First Green Industries
    Mobility & Logistics
  • Ellipse Aero
    Industrial & Manufacturing
  • Rokytná resort
    Real Estate & PropTech
  • blob team
    Software & SaaS
  • Konírna Apartments
    Real Estate & PropTech
  • Dřevona Apartments
    Real Estate & PropTech
  • Planet A
    Exited
  • Česká lékárna
    HealthTech · Exited

People

  • Tomáš Fuks
    Investment Manager · source
  • Martin Havrda
    Founder / Managing Partner · source
  • Václav Audes
    Founder · source
  • Hana Holubová
    Partner · source
  • Veronika Filipová
    Partner · source
  • Karel Ryška
    Partner · source
  • Jan Chochola
    Finance / Controlling · source

Frequently asked questions

Arbol Capital is a family holding based in Prague, Czechia.

Arbol Capital invests its own capital into companies. Its stated asset mix includes direct investments and real estate.

Arbol Capital invests at Seed stage in Climate & Energy, Real Estate & PropTech, Mobility & Logistics, Industrial & Manufacturing and Software & SaaS.

Key people at Arbol Capital include Martin Havrda (Founder / Managing Partner), Václav Audes (Founder), Hana Holubová (Partner) and Veronika Filipová (Partner).

Arbol Capital's holdings and investments include Labit, Bydlení v Krkonoších, First Green Industries, Ellipse Aero, Rokytná resort, blob team, Konírna Apartments and Dřevona Apartments, among others.