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report 1q top cee founding rounds by vestbee
02 June 2022·9 min read

Konrad Koncerewicz

Head of VC & Startups, Vestbee

Top 50 CEE Funding Rounds Closed in 1Q 2022

The report summarizing VC Funding in CEE in 1Q 2022 is already available - Total funding exceeded the amount of 1.6B EUR during 233 investment rounds compared to 1B EUR in Q4! Now, it’s high time to get to know regional startups standing behind these numbers - let’s meet the TOP 50 ones!

  • Bolt - Estonian mobile app offering transportation and food delivery services. (Series F - €628M from D1 Capital Partners, Fidelity Management and Research Company, G Squared, Ghisallo Partners, Owl Rock Capital, Sequoia Capital, Tekne Capital, Whale Rock Capital Management)
  • ICEYE - Polish startup revolutionizing satellite imaging by operating a synthetic-aperture radar satellite constellation designed to deliver monitoring capabilities for any location on earth. (Series D - $136M from Seraphim Space, BAE Systems, Kajima Ventures)
  • ProductBoard - Czech product management system that helps organizations get the right products to market faster. (Series D - $125M from Tiger Global Management, Dragoneer Investment Group, Sequoia Capital, Kleiner Perkins, Index Ventures, Credo Ventures, Bessemer Venture Partners)
  • Veriff - Estonian online identity verification company that protects businesses and their customers from online identity fraud. (Series C - $100M from Accel, Alkeon Capital, Institutional Venture Partners, Tiger Global Management)
  • Skeleton Technologies - Estonian manufacturer and developer of high energy and power density ultracapacitors. (Series D - €37,6M from InnoEnergy, Nidoco, Startup Wise Guys, business angels)
  • Tenderly - Serbian ethereum developer platform that enables users to build innovative blockchain products; (Series B - $40M from Abstract Ventures, Accel, Coinbase Ventures, Daedalus Partners, Point Nine, Spark Capital, business angels)
  • SPARK Bulgaria - Bulgarian car rental agency that provides electric car-sharing services bringing future transportation to the cities. (Series Unknown - €30M from The Global Emerging Markets Group)
  • Glia - Estonian digital customer service provider connecting online retailers with customers through voice, video, and collaborative browsing. (Series D - $45M from Insight Partners, RingCentral Ventures, Wildcat Capital Managment)
  • Tuum - Estonian cloud-native banking platform that allows businesses to establish a new banking business or digitally transform an existing one. (Series A - €15M from BlackFin Capital Partners, Karma Ventures, Portage Ventures)
  • Stonly - Polish software company that helps improve user satisfaction, activation, and retention while reducing support costs. (Series A - $22M from Northzone, Accel)
  • Workee - Ukrainian/Lithuanian back-office platform for freelancers that helps with appointing led professionals (such as coaches, health experts, tutors, lawyers) to manage their accounting, invoices, client and work management in one place. (Pre-seed Round - $12M from Lighthouse Ventures, BRISE Capital, Startup Wise Guys)
  • Binalyze - Estonian digital forensic tools for enterprises that help in understanding the full extent of a cyber breach. (Seed Round - $10M from Earlybird Venture Capital, OpenOcean)
  • LIV - Czech startup creating technology to share Virtual Reality experiences. (Series A - $8,5M from Amazon Alexa Fund, BITKRAFT Ventures, Credo Ventures, Olive Tree Capital, Samsung NEXT, Sony Innovation Fund, business angel)
  • mediately - Slovenian platform, making information about drugs more accessible for doctors. (Series A - €7,2M from LAUNCHub Ventures, Piton Capital, Silicon Gardens, VentureFriends)
  • Sounder - Serbian platform that helps audio creators manage, market, and measure their audio content. (Series A - $7,7M from TechNexus, Diverse Angels, iHeartMedia, Adventure Fund, Xoogler)
  • eAgronom - Estonian startup aiming toward carbon-free agriculture with AI Consulting. (Series A - €6,4M from Iron Wolf Capital, Trind Ventures, United Angels VC, Yolo Investments, ZGI Capital)
  • MyCointainer - Estonian “piggy bank” platform, using blockchain and crypto to generate incomes. (Seed Round - $6M from Bixin Ventures, Bybit, Digital Finance Group, Jsquare, LD Capital, Mapleblock Capital, Mirana Ventures, Prime Ventures, Shima Capital, The Spartan Group, ViaBTC Capital, ZBS CAPITAL)
  • Omnipack - Polish full-stack fulfillment platform for eCommerce. (Debt Financing - €2M from Flashpoint)
  • CybExer Technologies - Estonian cybersecurity startup working on specific cyber security platforms and exercises. (Funding Round - €5M from First Fellow Partners, Karma Ventures, United Angels VC)
  • uPacjenta - Polish healthcare startup with a goal to popularize preventive laboratory tests. (Seed Round - 21M PLN from 10X Founders, Inovo Venture Partners, Mam Startup, YZR Venture Capital)
  • Wert - Estonian top-up module, that can be integrated to any website or mobile app and enables seamless purchasing of crypto. (Seed Round - $5M from Digital Horizon, Element Ventures, Jdac, Tagus Capital, Tezos Foundation, VR Ventures)
  • Linker Cloud Fulfillment Network - Polish tech startup that connects local 3PL players to the international e-commerce business, providing transparent fulfillment services in the whole of Europe. (Seed Round - €3,5M from ff Venture Capital, Kogito Ventures, Market One Capital, Street Smart capital)
  • Spellfire - Lithuanian card-based NFT game powered by Ethereum. (Series Unknown - $3,8M from Autonomy Capital, DAO Maker, Faculty Group, Genblock Capital, IBA, International Blockchain Consulting, Shima Capital, Terranova ventures, X21 Digital)
  • Salesbook - Polish  sales acceleration platform operating in the SaaS model, which supports and automates the work of sales representatives increasing their efficiency. (Series A - $3,5M from Level 2)
  • FoodDocs - Estonian platform that helps to create and maintain food safety management systems more easily. (Series Unknown - £1,8M from Bonnier Ventures, Forward Venture Capital, Spring Capital, United Angels VC)
  • Ogre AI - Romanian data science company specializing in machine learning and artificial intelligence solutions. (Seed Round - €2M from Early Game Ventures, MMC Ventures)
  • EyeVi Technologies - Estonian provider of road network intelligence with AI-powered on-demand mapping technologies. (Seed Round - €1,8M from Decacorn Capital, ff Venture Capital, Iron Wolf Capital, RKKVC, Spring Capital, Superangel)
  • Secfense - Polish provider of advanced authentication technology. (Series Unknown - $2M from Presto Ventures, RKKVC, Tera Ventures, business angels)
  • MX Labs - Estonian camera-based platform for acquisition and analysis of vital signs. (Seed Round - $2M from SMOK Ventures, Superhero Capital, Verge HealthTech Fund, business angels)
  • Amano - Polish startup improving consumer-merchant communication. (Pre-seed Round - €1,5M from big_bets, KAYA, Kogito Ventures, Next Road Ventures, business angels)
  • Naco - Latvian provider of parts for hydrogen production. (Seed Round - €1,5M from Buildit Accelerator, The Untitled Venture Company)
  • Pointee - Czech startup for automated analyses of RPA processes. (Seed Round - €1,3M from Earlybird Venture Capital, Tensor Ventures, Verissimo Ventures, business angel)
  • Finmap - Ukrainian financial management tool that allows business owners to see the condition of their firm without having any financial expertise. (Seed Round - $1,2M from BRISE Capital, Petr Baron, Presto Ventures, SID Venture Partners, Startup Wise Guys, Sturgeon Capital)
  • Monq Lab - Latvian AIOps incident control and automation platform. (Seed Round - €1M from New Nordic Ventures, business angel)
  • CENOS - Latvian platform for computer modeling that redefines engineering simulation software category for mass adoption. (Seed Round - €1M from Baltic Business Angels, Capitalia, Startup Wise Guys, business angel)
  • XVision - Romanian automated x-ray analysis application that assists radiologists by providing accurate interpretations of medical images. (Seed Round - €1M from bValue Venture Capital, Cleverage Venture Capital, Gapminder VC, ResQMed, Roca X)
  • Deligo Vision - Hungarian application for self-checkout restaurants. (Seed Round - €1M from Oktogon Ventures, PortfoLion Capital Partners, business angel)
  • Bonapp.eco - Romanian company offering an app that allows retailers to sell their goods nearing the expiration date to consumers. (Seed Round - €800k from Early Game Ventures, Impact Ventures Hungary, Roca X, Up)
  • SessionStack - Bulgarian interactive co-browsing, session replay, reporting, and analytics tool for support teams. (Seed Round - €750k from BrightCap Ventures)
  • Alpha AR - Estonian company creating 3D models for AR, VR, NFTs, Games, and marketing. (Seed Round - €723k from Curiosity VC, ZAKA Startups)
  • Hyperhuman - Romanian omnichannel video content platform for the health & fitness industry. (Seed Round - €550k from Early Game Ventures, SeedBlink, Sparking Capital)
  • PixBlocks - Polish education app that teaches coding to individuals of all ages. (Pre-Seed Round - $500k from Movens Capital)
  • Scramjet - Polish serverless cloud computing service provider. (Seed Round - $500k from Sunfish Partners)
  • SpotBrowser - Polish startup using virtual walks and built-in communication tools to  present real-estate. (Seed Round - 1M PLN from Czysta3.vc, Mam Startup)
  • Cloudcart - Bulgarian All-in-One SaaS eCommerce platform to create and launch an online store in no time. (Unknown Series - Unknown amount from Elevator Ventures, NV3 Fund)
  • Payhawk - Bulgarian financial company that integrates credit cards, payments, expenses, and cash into one experience. (Series B - €89M from QED Investors, Sprints Capital, Jigsaw VC, HubSpot Ventures, Greenoaks Capital, Endeavor Catalyst, Earlybird Venture Capital, Lightspeed Venture Partners)
  • Nethansa - Polish AI-driven platform that boosts profits and sales on Amazon. (Series A - €4M from Warsaw Equity Group, Movens VC)
  • Silent Eight - Polish technology company leveraging AI to create custom compliance models for the world's leading financial institutions. (Series B - $40M from HSBC, Wavemaker Partners, OTB Ventures, Aglaia, SC Ventures, TYH Ventures, business angel)
  • Deepnote - Czech data science notebook built for better collaboration. (Series A - 20M from Accel, Index Ventures, Y Combinator, Credo Ventures, business angels)
  • Zowie - Polish developer of chatbots for eCommerce companies. (Seed Round - $5M from Inovo Venture Partners, 10x, Gradient Ventures, business angels)

Related Posts:

VC Funding In CEE Report - 1Q 2022 (by Konrad Koncerewicz, Head of VC & Startups, Vestbee)

TOP 100 CEE Startups That Closed Funding Rounds In 2021 (by Konrad Koncerewicz, Head of VC & Startups, Vestbee)

TOP 100 European Startups That Closed Funding Rounds In 2021 (by Aleksandra Wirth, Vestbee)



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