Today, we are going deep into interesting CEE funding rounds that took place in January, the first month of Q1 2022. This time, the Sharing Economy, Cyber Security, AI, SaaS, Healthcare, and Banking attracted investor's interests.
Now, let’s discover TOP January startup funding rounds in CEE!
Veriff
Location: Tallinn, Estonia
Launch date: 2015
Funding Round: Series C €89M
Funding Source: Accel, Alkeon Capital, Institutional Venture Partners, Tiger Global Management
Total funding received: €170M
Founded in 2015, Estonian Veriff is a cyber security startup working on AI-powered identity verification and Know Your Customer solutions that allow companies to increase customers’ trust and transparency. The startup has secured an impressive series C round in the amount of €89M from world-famous investors like Accel, Alkeon Capital, Institutional Venture Partners and Tiger Global Management. Recently secured round valued the company at $1.5B making Veriff the sixth Estonian unicorn. Acquired financing will be used to support further R&D activities and the hiring process.
MyCointainer
Location: Poland/Estonia
Launch date: 2018
Funding Round: Seed €5.3M
Funding Source: Bixin Ventures, Bybit, Digital Finance Group, Jsquare, LD Capital, Mapleblock Capital, Mirana Ventures, Prime Ventures, Shima Capital, The Spartan Group, ViaBTC Capital, ZBS CAPITAL, and business angels
Total funding received: €5.3M
Polish-Estonian MyCointainer, founded in 2018, is a digital wallet that allows users to earn rewards from the decentralized economy through staking, masternodes and airdrops. The startup compares itself to a piggy bank that makes money work for clients by allowing users to buy or transfer selected tokens to the wallet and generate passive income thanks to the staking process. MyCointainer has recently secured a seed round in the amount of €5.3M 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 and business angels. These funds will be used for further solution development.
Skeleton Technologies
Location: Tallinn, Estonia
Launch date: 2009
Funding Round: Series D €37.6M
Funding Source: EiT InnoEnergy, Nidoco, Taavet Hinrikus (founder and CEO of Wise)
Total funding received: €205M
Estonian Skeleton Technologies, founded in 2009, is a manufacturer of high energy and power density ultracapacitors. The company delivers high-power, high-energy, reliable, and long-life storage solutions across various industries, and by producing the ultracapacitor cells, modules, and systems, Skeleton Technologies aims to help companies to reduce CO2 emissions and save energy. Startup has recently been supported by Taavet Hinrikus (founder and CEO of Wise), EIT InnoEnergy and Nidoco, while secured funds during series D round in the amount of €37.6M will be used to develop new technologies and to scale up the production in order to meet customer demand.
Bolt
Location: Talinn, Estonia
Launch date: 2013
Funding Round: Series F €628M
Funding Source: D1 Capital Partners, Fidelity Management and Research Company, G Squared, Ghisallo Partners, Owl Rock Capital, Sequoia Capital, Tekne Capital, Whale Rock Capital Management
Total funding received: €2B
Estonia-based Bolt, is a well recognized provider of transportation and food delivery services. The startup secured largest to date funding in the amount of €628M during series F round from D1 Capital Partners, Fidelity Management and Research Company, G Squared, Ghisallo Partners, Owl Rock Capital, Sequoia Capital, Tekne Capital, Whale Rock Capital Management. with a It plans to contribute into sustainability by building a future in which cities need fewer parking spaces, have less congestion and lower emissions. Bolt will use this funding for expanding and improving the current suite of their mobility and delivery services.
Tuum
Location: Tallinn, Estonia
Launch date: 2019
Funding Round: Series A €15M
Funding Source: BlackFin Capital Partners, Karma Ventures, Portag3 Ventures
Total funding received: €19M
Tuum is an Estonian core banking startup that develops an API-first, cloud-agnostic and modular banking platform that allows businesses to easily launch new financial products and services. Recently secured funding in the amount of €15M during series A round led by Portag3 Ventures and accompanied by BlackFin Capital Partners, and Karma Ventures will be allocated to supporting the operations in the UK, increasing teams capacity and also expanding products and services portfolio.
Salesbook
Location: Rzeszow, Poland
Launch date: 2016
Funding Round: Late Seed - undisclosed amount
Funding Source: Level2 Ventures
Total funding received: undisclosed amount
Poland-based Salesbook is a sales acceleration platform operating in the SaaS model, which supports and automates the work of sales representatives increasing their efficiency. Additionally to structuring the sales process, the platform includes CRM functionalities, extensive reporting and analysis features and the possibility of signing a contract online. The startup has been recently supported by newly-launched Polish VC - Level2 Ventures, while secured funds will be allocated to executing the expansion strategy and further product development.
Finmap
Location: Kiev, Ukraine
Launch date: 2018
Funding Round: Seed €1M
Funding Source: BRISE Capital, Petr Baron, Presto Ventures, SID Venture Partners, Startup Wise Guys, Sturgeon Capital
Total funding received: €2.8M
Founded in 2018, Ukrainian Finmap, is a fintech startup developing a cash flow management service that allows small and medium-sized businesses to better understand the amounts of money being generated and consumed, and therefore make the business operations more efficient. Recently secured funds in the seed round of €1M from BRISE Capital, Petr Baron, Presto Ventures, SID Venture Partners, Startup Wise Guys, and Sturgeon Capital will be used for hiring process and marketing purposes.
SpotBrowser
Location: Rzeszow, Poland
Launch date: 2016
Funding Round: Seed €220k
Funding Source: Czysta3.vc, MamStartup
Total funding received: €220k
Polish SpotBrowser, founded in 2016, is an online tool for real estate sales or rental using virtual walks with built-in communication and presentation functions. Except the virtual walks, users have access to online chat, real estate presentation and tracking of “viewer” option. SpotBrowser has recently secured a seed round in the amount of €220k from Czysta3.vc, and MamStartup, while raised funds will support the further development of the product and equipping it with AI features.
Monq Lab
Location: Riga, Latvia
Launch date: 2018
Funding Round: Seed €1M
Funding Source: New Nordic Ventures and business angel
Total funding received: €1.3M
Latvian Monq Lab is a topology-based AIOps incident control and automation platform. Solution analyses data from a variety of monitoring input systems, discover topologies, and control application and infrastructure health. Therefore startup helps companies to decrease customer downtime, minimize the customer complaints, and decrease the time IT teams spend on investigating various issues. Monq Lab has recently secured €1M during a seed round from New Nordic Ventures and business angel, that will be allocated to expanding sales and marketing activities.
walk15
Location: Vilnius, Lithuania
Launch date: 2019
Funding Round: Pre-seed €270k
Funding Source: 70Ventures, DOJUS group, Lithuanian Business Angel Network, and business angels
Total funding received: €510k
Lithuania-based walk15, founded in 2019, is a climate tech startup working on a health and fitness app that encourages people to be more active. While protecting the environment by encouraging people to walk more and drive less, the app is counting the steps of its users, and providing them with unique features like being able to get discounts from walk15 partners in exchange of step points. Startup has recently closed the pre-seed round in the amount of €270k from 70Ventures, DOJUS group, Lithuanian Business Angel Network, and business angels. Secured funds will be used for supporting further product and sales teams development.
Sources: Vestbee VC & startup community, startup press releases, web & social media monitoring, Crunchbase
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