Slovakia's Nordics Rebrands as Definic, Raises $2.6M for Vendor Intel

Jan de Vries · 2026-06-12

Definic, a vendor intelligence platform formerly known as Nordics, has emerged from stealth with a fresh identity and $2.6 million in seed funding. The Košice-based company is transforming how enterprises choose IT vendors, moving beyond outdated referral-based decisions to a data-driven approach. ### From Regional IT Marketplace to Global Intelligence Hub Founded in 2020, Definic started as a regional IT marketplace in Slovakia. Now, it's a full-blown vendor intelligence platform that helps procurement teams make smarter, faster decisions. The rebrand to Definic signals a shift in focus: it's no longer just about connecting buyers and sellers—it's about providing definitive, data-backed insights. CEO Lukáš Řezanina put it bluntly: "Vendor selection today is largely a social process built on relationships, referrals, and reputation. That worked when projects were slower, and the stakes were lower. It doesn't work anymore. Definic is the name that reflects what we are building: a definitive layer of intelligence between enterprises and the vendors they trust with their most critical projects." ### What the Funding Means The $2.6 million round (converted from €2.5 million) was led by J&T Ventures, with participation from Seed Starter ČS (Česká spořitelna) and Slovak Investment Holding (SIH). The company plans to use the capital to accelerate expansion across the DACH region (Germany, Austria, Switzerland), the UK, and the United States. Co-founder Robert Dečman, who now serves as CEO of North America, shared the backstory: "I first met Martin Kešner from J&T Ventures at Vodafone Nápad Roku back in 2023. At that time, we were still early and not yet ready for venture funding, but we stayed in touch and focused on execution. Having J&T Ventures lead this round now is a strong reflection of the trust built over time and the progress the whole team has made." ### How Definic Fixes IT Procurement Enterprises face huge risks when picking the wrong IT vendor. The company states that a bad choice can cost 3 to 5 times the original contract amount. Yet many procurement teams still rely on reputation, hourly rates, and past relationships—a recipe for costly mistakes. Definic solves this by assessing vendors through thousands of data points, including: - Delivery track records - Case studies - Live market pricing This approach has already delivered real results. One major banking group in Central Europe used Definic to identify over 90 relevant vendors aligned with their project requirements. That improved visibility shortened their tender cycles from 6 weeks to just 2 weeks, saving $1.3 million (converted from €1.2 million) on $5.8 million (converted from €5.4 million) in IT vendor spending during the first five months of 2026. ### The Bigger Picture Definic claims enterprise clients using the platform have shortened tender cycles from months to weeks and decreased IT vendor expenses by as much as 20%. That's a game-changer for companies that spend millions annually on technology services. Jan Sova of J&T Ventures summed up the investor enthusiasm: "Definic's proprietary Vendor Intelligence technology creates a clear and defensible moat in a market long overdue for disruption. Having followed Robert, Lukáš, and Michal for several years, we have seen firsthand the execution discipline and relentless commitment that distinguish exceptional founders. We are convinced Definic is set to redefine the standard for the industry." ### Why This Matters for U.S. Readers While Definic is a European company, its expansion into the United States means U.S.-based enterprises will soon benefit from the same intelligence platform. For procurement teams tired of relying on gut feelings and Google searches, Definic offers a structured, data-driven alternative. The company's success in reducing costs and cycle times in Europe suggests it could have a similar impact stateside. As Definic scales, it's worth watching how this vendor intelligence model disrupts traditional IT procurement. The days of choosing vendors based on who you know might finally be numbered.