Today, we are going deep into interesting CEE funding rounds that took place in May, the last month of Q2 2022. This time, Delivery services, E-commerce, Financial Services, SaaS and AI/ML attracted investors' interests.
Let’s discover TOP June startup funding rounds in CEE!
Rohlik
Location: Prague, Czech Republic
Launch date: 2014
Funding Round: Series D €220M
Funding Source: Index Ventures, ORBIT Capital, Sofina, business angel
Total funding received: €580M
Founded in 2014, Czech Rohlik is a grocery delivery startup that is offering up to 90 minutes same-day delivery services. Amid worsening global economic conditions, the startup secured a series D round in the amount of €220M from well recognized investors like Sofina, Index Ventures or ORBIT Capital. Tomas Cupr, the founder of the startup, also participated in the round, which is to support greater automation and electrification of its operations and enter new markets.
NFTPort
Location: Tallinn, Estonia
Launch date: 2019
Funding Round: Series A €25M
Funding Source: Atomico, First Fellow Partners, IDEO CoLab Ventures, Protocol Labs, Sparkle Ventures, Taavet+Sten, and various business angels
Total funding received: €25M
Estonian NFTPort, founded in 2019, is a startup developing an NFT platform aimed at providing NFT developers with one-stop and developer-friendly NFT infrastructure and APIs. And the startup's recently secured €25M series A round, which is another sign that the NFT space is not cooling down. The mentioned round was led by Atomico and a Taavet+Sten (a partnership of founders backing founders) with the participation of First Fellow Partners, IDEO CoLab Ventures, Protocol Labs, Sparkle Ventures, and various business angels. According to the founders, the funding will be used to scale the core product, and to bring a decentralized NFT infrastructure protocol to market.
Lemonero
Location: Prague, Czech Republic
Launch date: 2019
Funding Round: Seed €12M
Funding Source: KomercnI Banka
Total funding received: €12M
Prague-based Lemonero is a fintech startup that works on an AI-driven lending tool for small and middle-sized online businesses. According to the startup, it has already provided loans worth tens of millions of euros to various marketplaces and online shops.
Lemonero has recently been backed by Komerční banka, a Czech bank and a member of the French financial group Société Générale, in a €12M-worth seed round that will support the European expansion.
The Batteries
Location: Jasionka, Poland
Launch date: 2015
Funding Round: Series A €7.6M
Funding Source: Aper Ventures, InnoEnergy, JR Holding, UAB Electronics System
Total funding received: €14M
Poland-based The Batteries, founded in 2015, is a startup that answers the needs of modern electronics, which sets increasingly high requirements onto rechargeable batteries. That’s why the company introduced innovative manufacturing technology to produce thin and durable film batteries at a reasonable cost. A recently secured seed round in the amount of €7.6M, led by Aper Ventures and accompanied by InnoEnergy, JR Holding, and UAB Electronics System, will be allocated to further product development.
4Trans Factoring
Location: Prague, Czech Republic
Launch date: 2018
Funding Round: Seed €3M (+ €15M in debt funding)
Funding Source: Atmos Ventures, Lighthouse Ventures, Tera Ventures and Advance Global Capital (in debt part)
Total funding received: €18M
Prague-based 4Trans Factoring, founded in 2018, is a fintech startup that’s core service is to provide factoring in logistics and supply-chain sectors. While doing so, the company Leverages the power of AI making the risk analysis process practically instant, and cutting invoice payment time from usual 3 months to even 5 minutes. Recently, 4Trans Factoring has been supported by Atmos Ventures, Lighthouse Ventures, and Tera Ventures, while the round consisted of two parts - €3M equity part, and €15M debt funding (Advance Global Capital). Secured funding will be used for strengthening domestic operations and expanding to Poland.
Pergamin
Location: Wroclaw, Poland
Launch date: 2017
Funding Round: Seed €1.15M
Funding Source: FundingBox Deep Tech Fund, Sunfish Partners
Total funding received: €1.9M
Pergamin is a Polish legaltech startup that works on an online draft & sign platform that makes it easy to create, negotiate and manage contracts. Among offered features are also automatic verification of contractors’ data in external databases or a built-in electronic signature that makes the contracting process completely digital. The recently secured seed round in the amount of €1.15M was led by Sunfish Partners with the participation of FundingBox Deep Tech Fund. Obtained funding will be allocated to extending the products offering and to handle even more complex documentation.
ZeroFy
Location: Tallinn, Estonia
Launch date: 2022
Funding Round: Pre-seed €1.15M
Funding Source: Union Labs Ventures
Total funding received: €1.15M
Estonia-based ZeroFy is a greentech startup simplifying a zero-carbon lifestyle for households. Its app solves the problem of households being a huge contributor to big emissions. It constantly measures carbon emissions and, based on these insights, app advises households how to cut them and maintain a zero-carbon lifestyle. The startup has secured a €1.15M pre-seed round from Union Labs Ventures, with plans to use the funding for further application development.
Fyrtel
Location: Poznan, Poland
Launch date: 2020
Funding Round: Seed €850K
Funding Source: CofounderZone, Movens Capital, business angels
Total funding received: €1.1M
Poznan-based Fyrtel is an e-commerce startup working on a platform and an app that simplifies and enables easy online shopping from local retailers. What’s more, it allows customers to place orders from multiple stores in one cart. The startup has raised €850K seed round led by Movens Capital with the participation of CofounderZone. Business angels have also joined the round. The funding will support scaling the operations in Poland, and also help the startup with its expansion plans (in Berlin).
Profluo
Location: Bucharest, Romania
Launch date: 2016
Funding Round: Seed €500K
Funding Source: Early Game Ventures
Total funding received: €500K
Founded in 2016, Romanian Profluo is a machine learning startup building a complete, ML-based technology to automate the processing of accounting documents. In a few words, Profluo’s solution reads every detail of the documents and validates them exactly like a human accountant, and therefore helps accountants with their repetitive tasks. Recently secured funds (€500K seed round) from Early Game Ventures will further support the startup’s efforts to significantly simplify the accountants’ work.
The Outfit
Location: Bucharest, Romania
Launch date: 2021
Funding Round: Seed €770K
Funding Source: TSG Capital, business angels
Total funding received: €1M
Founded in 2021, Bucharest-based startup The Outfit is an online personal styling service helping customers discover & buy the right clothes for their body, style and occasion. What’s more, thanks to a so-called matching index, The Outfit is able to predict the probability of a product being loved and enjoyed by the client. The company has recently closed a seed round in the amount of €770K from TSG Capital, and business angels, while raised funds will be allocated to grow a data science capabilities.
Sources: Vestbee VC & startup community, startup press releases, web & social media monitoring, Crunchbase.
Related Posts:
TOP CEE Funding Rounds Closed In May 2022 (by Konrad Koncerewicz, Head of VC & Startups, Vestbee)
TOP CEE Funding Rounds Closed In April 2022 (by Konrad Koncerewicz, Head of VC & Startups, Vestbee)
TOP CEE Funding Rounds Closed In March 2022 (by Konrad Koncerewicz, Head of VC & Startups, Vestbee)
