Reflex Capital is a real, active Prague-based VC (est. 2012, additional San Francisco office). Investment is driven primarily by founder quality rather than a fixed sector thesis, though the portfolio (~48 companies, ~EUR 150M invested) skews heavily toward B2B SaaS, e-commerce and deep tech in the Czech Republic/CEE (e.g. Apify, Productboard, Smartlook, Smartsupp, Keboola). No specific 'hospitality' focus was found.