Hi! Welcome to the place with the latest updates on CEE Startup & VC Scene. Here, exclusively for you, we have prepared a monthly overview of closed funding rounds, new VC funds from the region, and other interesting startup events definitely worth your attention.

Ready? Let’s dig into the regional startup and venture capital happenings from the twelfth month of 2022!

Leading CEE Funding Rounds Closed In December

Treblle - Croatian startup that offers an API monitoring and analytics tool that assists DevOps in consolidating and scaling their APIs and APIOps, presently supporting 16 languages. It enables engineering and DevOps teams to design, distribute, and manage REST-based APIs more quickly. (Series A - €6.6M from Nauta Capital)
Apeiron Synthesis - Poland-based company that provides catalytic olefin metathesis technology to agrichemicals, fine chemicals, perfumes, plastics, and pharmaceutical companies. They create catalysts that have a wide range of applications in medicine, tastes, and perfumes, as well as the synthesis of polymers and rubber. (Seed - €4.5M from Adamed Group, Aper Ventures, and Polski Koncern Naftowy Orlen).
Flinn Comply - Bulgarian startup offers medical device makers to automate quality and regulatory processes, making compliance work 10 times more efficient. They are driven to improve the health of millions of people across the world by making it easier for medical firms to develop and run products. (Pre-seed - €1.8M from N26, Speedinvest, and SquareOne).
Pathway - Polish-French programming tool for business clients that enables real-time machine learning on live event feeds. In logistics and other industries, the organisation serves as a consolidated source of truth from raw data. (Pre-seed - €4.2M from Market One Capital, Inovo Venture Partners, Roger Crook, and Lukasz Kaiser).
Undelucram - Bucharest-based platform that offers companies unique solutions for employer branding and targeted recruiting, allowing them to communicate with current, potential, and past employees. Companies may develop a top employer brand by responding to feedback, posting new opportunities, and promoting their corporate culture as creatively as possible. (Seed - €200K from Gapminder VC).
Fluence.technology - Polish startup that is focused on environmentally stable femtosecond fiber laser technology. The mission of the company is to deliver maintenance-free femtosecond lasers with an exceptionally long lifetime. (Seed - €1M from JR Holding).
TheGepek - Croatian platform for package delivery based on a carpooling model. The platform has security features to ensure safe delivery like driver ratings and identity check through social platform login. (Seed - €900K from John Lilic).
Stepapp - Poland-based application that offers professional apartment cleaning services. With the application, you can also order cleaning supplies or car washing. (Seed - €200K from Freya Capital, SMOK Ventures)
Smart Touch Technologies - Romanian startup redesigning the B2B conversations and data exchange, creating an intelligent data ecosystem that is AI-driven and uses machine learning, enhancing companies' performance and growth. (Seed - €300K from Celer Capital)
AskTheCP - a Bulgarian software solution that helps healthcare practitioners improve the outcome of antibiotic prescriptions in hospitals. ATCP also provides valuable insights into antibiotic usage for hospital management and saves economic resources. (Pre-seed - €100K from Sirma Venture Lab).

VC Funds Investing In CEE

Practica Capital - Lithuanian firm announces its third, €70M fund to back Baltic founders. The firm is interested in the early-stage founders building marketplace, SaaS, and deeptech startups.
0100 Ventures - Slovak VC aims for a €60M fund to fund CEE-based ventures. The firm will focus on seed to series A startups across sectors and industries.
Speedinvest - Pan-European VC announces a close of a €500M fund to back pre-seed and seed-stage startups. The firm will focus on deeptech, fintech, health tech, industrial tech, marketplaces & consumer, as well as SaaS & infrastructure companies.
Baltic Sandbox - Pan-Baltic deeptech fund announces the first closing of its €13M fund. The firm will put anywhere from €25k to €400k in pre-seed and seed stages startups building deeptech and/or life sciences.
BlackRock - firm announces plans to launch two new PE funds focused on Europe. The firms will focus on three core trends - digitalization, decarbonization, and decentralization.
One Peak - London-based VC raises its third, $1B-large growth fund. The firm will invest in European and Israeli B2B software companies, putting anywhere between $15M to $100M in each startup.
Cavalry Ventures - European early-stage VC announces a close of its new, €160M fund to invest in European early-stage startups. The firm will focus on seed and pre-seed consumer and enterprise segments while putting between €500k to €2M in each opportunity.
Partech - global tech investment company announces the close of its 4th, €120M-big seed and pre-seed fund. The firm will put between €300k to €3M across sectors in industries throughout Europe and sometimes in the US and Southeast Asia.

Interesting Events For CEE Startup Community

European Blockchain Convention - One of the most influential blockchain & crypto events in Europe. More than 3.000 attendees and 200 speakers are plan to attend the 3-day event hosted in Barcelona, Spain. The conference is focused on Blockchain, Crypto, DeFi, NFTs, Metaverse and Web3. (February 15-17, 2023, hybrid model)
4YFN - World’s largest exhibition for the mobile industry, GSMA and MWC. The event is hosted in Barcelona, Spain. During 4 days filled with keynotes, panels, fireside chats and startup competitions you will have a chance to gain knowledge, learn about current trends and expand the network. (February 27 – March 2, 2023, hybrid model)

Other Interesting News Worth Your Attention

Meta’s Ad Practices Ruled Illegal Under E.U. Law. Irish regulators hit Facebook parent Meta with hundreds of millions in fines for online privacy violations and banned the company from forcing European users to agree to personalized ads based on their online activity

Stay tuned for the next overview of interesting happenings in CEE VC and Startup ecosystem!

#21 CEE Startup & VC News - December 2022

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