Today, we're taking a deep dive into the most interesting CEE fundraising rounds in January 2023, the first month of the new year. This time around, investors were particularly interested in software, artificial intelligence, fintech, healthcare, information technology and SaaS.
Let's take a look at the top ten startup funding rounds in Central and Eastern Europe in January!
AMPECO
Location: Sofia, Bulgaria
Launch date: 2018
Funding Round: Series A €12.1M
Funding Source: BMW i Ventures, Cavalry Ventures, LAUNCHub Ventures
Total funding received: €12.1M
AMPECO, founded in Bulgaria in 2018, offers a white-label and hardware-agnostic EV charging management platform that allows big EV charging providers to establish and develop their business operations under their brand. AMPECO works with approximately 110 charging network operators in 45 markets. BMW i Ventures, Cavalry Ventures, and LAUNCHub Ventures just invested €12.1M during their series A round.
Oxipit
Location: Vilnius, Lithuania
Launch date: 2017
Funding Round: Venture round €4.5M
Funding Source: Coinvest Capital, Practica Capital, Taiwania Capital Management Corporation
Total funding received: €6.1M
Oxipit, a Vilnius-based firm founded in 2017, is a computer vision software startup specialising in medical imaging. Using artificial intelligence, they aim to address the global shortage of radiologists and improve diagnostic quality. With a team of award-winning data scientists and physicians, the company aims to bring innovative Artificial Intelligence/Deep Learning breakthroughs to everyday clinical practice. They recently secured €4.5M in funding from Coinvest Capital, Practica Capital and Taiwania Capital Management Corporation.
3Soft
Location: Katowice, Poland
Launch date: 2003
Funding Round: Venture round €4.2M
Funding Source: Cezary Smorszczewski, Warsaw Equity Group
Total funding received: €4.2M
Founded in 2003, Poland-based 3Soft helps companies implement a data-driven business approach by providing artificial intelligence, data management and business automation solutions. The company designs and implements IT platforms for collecting, processing and analysing large amounts of data. They specialise in providing solutions for clients in the financial and retail sectors. They recently raised €4.2M from Cezary Smorszczewski, Warsaw Equity Group.
Salv
Location: Tallinn, Estonia
Launch date: 2018
Funding Round: Seed €4M
Funding Source: Andrew Prozes, ff Venture Capital, Fly Ventures, Giesecke+Devrient Ventures, Maximilian Tayenthal, Passion Capital, Rain Lõhmus, Seedcamp, Sten Tamkivi, Superangel, Taavi Kotka, United Angels
Total funding received: €7.6M
Founded in Tallinn in 2018, Salv is developing an anti-money laundering platform that uses smart technology to reduce non-compliance and financial crime. It enables financial institutions to collaborate on investigations by opening a direct line of communication. Salv covers screening, monitoring, and risk assessment to detect criminal behaviour and streamline internal processes. The company recently raised €4M in its seed round from Andrew Prozes, ff Venture Capital, Fly Ventures, Giesecke+Devrient Ventures, Maximilian Tayenthal, Passion Capital, Rain Lõhmus, Seedcamp, Sten Tamkivi, Superangel, Taavi Kotka and United Angels.
Filuta AI
Location: Prague, Czech Republic
Launch date: 2022
Funding Round: Pre-seed €2.3M
Funding Source: Czech Founders VC., EIC Fund, Nation 1, SPM Invest
Total funding received: €2.3M
Filuta AI is a company founded in Prague in 2022 that provides full lifecycle intelligent automation services with observability, scalability, A/B testing, continuous deployment and out-of-the-box testing. The company operationalises composite artificial intelligence to democratise the intelligent automation market. Czech Founders VC, EIC Fund, Nation 1 and SPM Invest recently invested a total of €2.3M in the company during their pre-seed round.
Grünfin
Location: Tallinn, Estonia
Launch date: 2020
Funding Round: Seed €2M
Funding Source: Alvar Lumberg, Honey Badger Capital OÜ, Karin Nemec, Lemonade Stand, Norrsken VC, Sie Ventures, Specialist VC, Triin Hertmann
Total funding received: €4M
Grünfin, a Tallinn-based company founded in 2020, is a sustainable investment platform for people who care about their impact. They want to make sustainable investing easy so that everyone can invest according to their values. They recently raised €2M in their seed round from Alvar Lumberg, Honey Badger Capital OÜ, Karin Nemec, Lemonade Stand, Norrsken VC, Sie Ventures, Specialist VC and Triin Hertmann.
Vatis Tech
Location: Bucharest, Romania
Launch date: 2020
Funding Round: Seed €650K
Funding Source: Early Game Ventures, Malin-Iulian Stefanescu, Sparking Capital
Total funding received: €850K
Vatis Tech is a Romanian startup founded in 2020 with the mission to provide the most accurate and easy-to-use speech recognition API ever, for multiple domains, in multiple languages. At the same time, they're working to enable anyone to build custom speech recognition models. Recently, is raised €650K in seed funding from Early Game Ventures, Malin-Iulian Stefanescu and Sparking Capital.
Co-one
Location: Tallinn, Estonia
Launch date: 2020
Funding Round: Seed €640K
Funding Source: DOMiNO Ventures, Emrah Gultekin, Leap Investment, Lima Ventures, Maxis, Siret Unsal, TechOne VC
Total funding received: €817K
Founded in Tallinn in 2020, Co-one is an AI-based, gamification-supported, crowdsourced data annotation and enrichment platform that provides fast and accurate data annotation for AI teams. It recently raised €640K in a seed round from DOMiNO Ventures, Emrah Gultekin, Leap Investment, Lima Ventures, Maxis, Siret Unsal and TechOne VC.
Repsense
Location: Vilnius, Lithuania
Launch date: 2021
Funding Round: Pre-seed €500K
Funding Source: Coinvest Capital, Iron Wolf Capital
Total funding received: €500K
Founded in 2021 in Vilnius, Repsense is a fast-growing data company that predicts reactions to content found on search results pages. The Repsense Index helps clients quickly assess their reputation and compare it to competitors across different geographies and user intents. It has secured €500K in its pre-seed round led by Coinvest Capital and Iron Wolf Capital.
INKsearch.co
Location: Wroclaw, Poland
Launch date: 2018
Funding Round: Seed €200K
Funding Source: EKIPA Investments, Startup Wise Guys
Total funding received: €1.1M
INKsearch.co, founded in Poland in 2018, is a SaaS-enabled CRM and marketplace with AI for the tattoo industry. It accelerates the connection between the best artists and clients. Clients can book sessions, recommend or get ideas for their tattoos within one comprehensive platform. Artists can promote themselves, meet clients, get hired by new studios, travel and tattoo around the world. The firm recently secured €200K in seed funding from EKIPA Investments and Startup Wise Guys.
Sources: Vestbee VC & startup community, startup press releases, web & social media monitoring, Crunchbase
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