April, the first month of Q2 2021, was much less active than its predecessor March, in terms of the amount of financing secured on the market, which was more than 4 times lower. Disclosed funding in CEE exceeded €85M, mainly thanks to the impressive investment into Estonian Veriff, which series B funding reached €57M while among the top areas that attracted investors’ attention were cyber security, big data, energy, advertising, banking and personal health.
Now, let’s have a look into TOP April startup funding rounds in CEE!
Veriff
Location: Tallinn, Estonia
Launch date: 2015
Funding Round: Series B €57.2M
Funding Source: Accel, IVP (Institutional Venture Partners)
Total funding received: €77,5M
Tallinn-based, Veriff is an online identity verification company focused on protecting businesses and their clients from online identity fraud. In order to help companies with staying compliant and maintaining online trust, the startup provides them with AI-powered solutions. The company already serves a global portfolio of organizations and has recently secured €57M in the April series B round. The investment round was led by Accel and IVP, the proceeds will be spent on accelerating the growth on the U.S. market.
SunRoof
Location: Warsaw, Poland
Launch date: 2013
Funding Round: Seed €4.5M
Funding Source: Inovo Venture Partners, LT Capital, SMOK Ventures, KnowledgeHub, EIT InnoEnergy, FD Growth Capital.
Total funding received: €6.5M
Polish-Swedish SunRoof is a roof-tile and energy startup, which came up with the idea of making its own roof-tile technology that replaces traditional roofs and generates solar power. It also enables homeowners to sell surplus energy via the marketplace. Company has recently closed a €4.5M seed extension round led by Inovo Venture Partners and accompanied by SMOK Ventures, LT Capital, KnowledgeHub, EIT InnoEnergy and FD Growth Capital. Raised funds will be allocated to accelerate expansion in Europe & USA and further development of the marketplace.
Craft
Location: Budapest, Hungary
Launch date: 2019
Funding Round: Series A €6.6M
Funding Source: Creandum, InReach Ventures, business angels
Total funding received: €6.6M
Budapest-based Craft is a software company that specializes in the fields of mobile apps and productivity tools. Currently Craft is available on iOS, iPadOS and MacOS, and allows its users to easily create structured and linked content, as well as, share documents to collaborate with whoever they want to. It is also planned to launch a browser-based documents’ editor soon. The startup has recently secured a series A round in the amount of €6.6M led by Creandum and accompanied by InReach Ventures and various business angels connected to “Skyscanner” mafia. The proceeds will be used for further solution development.
Sundose
Location: Lublin, Poland
Launch date: 2018
Funding Round: Series A €5M
Funding Source: ARIA Fund, Atmos Ventures, DX Ventures, Investible, KnowledgeHub, Polipo Ventures
Total funding received: €7M
Founded in 2018, Polish Sundose is a direct-to-consumer personalized supplements platform allowing to order a nutrient mix fully tailored to each client’s individual needs, lifestyle or even medical history. Recently, the startup’s efforts have been noticed by ARIA Fund, Atmos Ventures, DX Ventures, Investible, KnowledgeHub and Polipo Ventures, that participated in a series A investment round in the amount of €5M. Secured funds will be used for scaling the business on european markets and further development of the personalization engine.
Spoko
Location: Warsaw, Poland
Launch date: 2017
Funding Round: Series A €5M
Funding Source: Fintech Ventures
Total funding received: €6M
Polish Spoko, founded in 2017, is a fintech operating in the international money transfer market. While regular banks charge clients at 7-8% of each transfer, the startup offers its customers to exchange money instantly at fair exchange rates. The company also allows sending money via application and even receiving the cash transfer at any agent location. The startup has recently secured €5M in a series A round from Fintech Ventures, the obtained financing will be invested in boosting growth, expanding services into next markets and further application development.
Product Lead
Location: Constanta, Romania
Launch date: 2017
Funding Round: Seed €600K
Funding Source: Eleven Ventures, Founders Bridge, Sparking Capital
Total funding received: €600K
Founded in 2017, Romanian Product Lead is a marketing startup developing a content creation automation platform allowing customers to create meaningful customer journeys. The platform helps companies with boosting sales, gaining the knowledge of the market, building better sales funnels and improving omnichannel strategy. Recently secured funds during a seed round in the amount of €600K led by Sparking Capital and accompanied by Eleven Ventures and Founders Bridge will be allocated to growing the team, further solution development and expanding activities into new markets - especially CEE, DACH and Nordics.
Mindgram
Location: Warsaw, Poland
Launch date: 2021
Funding Round: Pre-seed €1.87M
Funding Source: Market One Capital, Pamoja Capital Group
Total funding received: €1.87M
Poland-based Mindgram is a science-based platform and mobile application for mental well-being and self-development of employees. The startup is a great match for employers looking for a way to offer a new kind of valuable perk. Among platform features, there are consultations with specialists and workshops conducted by experts in psychology, coaching, and self-development. Mindgram has recently secured a pre-seed round in the amount of €1.87M (one of the largest pre-seed rounds secured by Polish-founded company) led by Market One Capital and accompanied by Pamoja Capital Group. The funds will be allocated to support fast-paced expansion in the region and scaling up in its home market - Poland.
Avatao
Location: Budapest, Hungary
Launch date: 2014
Funding Round: Venture series €1M
Funding Source: 212, 500 Startups, FastVentures, Speedinvest, business angels
Total funding received: €2M
Hungary-based Avatao, founded in 2014 is a provider of job-related security training that generates real-life scenarios of security best practices for security and development teams, so that they can improve their coding skills and prevent common mistakes. The startup has recently closed the Venture round in the amount of €1M led by 212 and accompanied by 500 Startups,FastVentures, Speedinvest, and various business angels. Secured funds will be allocated to the platform development and accelerating the further growth of the company.
inSTREAMLY
Location: Warsaw, Poland
Launch date: 2018
Funding Round: Seed €1.1M
Funding Source: Colopl Next, Paul Bragiel, PKO BP, PKO VC, SMOK Ventures, Supernode Global
Total funding received: €1.1M
Polish inSTREAMLY, founded in 2018, is a streamer management platform allowing streamers to cooperate with the brands they like and monetize their activity in a way enjoyable for the viewers. The startup has recently secured €1.1M in a seed round led by British Supernode Global and was accompanied by Colopl Next, Paul Bragiel, PKO BP, PKO VC, and SMOK Ventures. Secured funds will be used to enter new markets and further development of inSTREAMLY platform.
VideoCV
Location: Talinn, Estonia
Launch date: 2017
Funding Round: Pre-seed €410K
Funding Source: Zenith Family Office, EstBAN, Startup Wise Guys, various business angels
Total funding received: €410K
VideoCV is an Estonian startup revolutionizing the recruitment process by offering an AI-powered all-in-one video screening tool that allows employers to increase hiring productivity and spend more time on finding the best fit for their company. The startup has recently secured €410K in a pre-seed round led by Zenith Family Office, EstBAN, Startup Wise Guys and various business angels. The proceeds will be allocated to expanding the number of features offered by the platform and further enhancing the user interface.
Sources: Vestbee VC & startup community, startup press releases, web & social media monitoring, Crunchbase
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