Discover November's funded startups in Central and Eastern Europe, spanning diverse industries. Want to know more? Let's dive into the article!
Aether Biomedical
Location: Poznan, Poland
Launch date: 2018
Funding Round: Series A, €5.3M
Funding Source: Chiratae Ventures, J2 Ventures, Story Ventures
Total funding received: €10.4M
Aether Biomedical is a startup developing bionic prosthetics. The company secured €5.3M in Series A round led by J2 Ventures and Story Ventures. The funds will expand manufacturing efforts for their cutting-edge bionic limb called Zeus hand, as well as support research for human-centred healthcare technology. Aether aims to provide their innovative solutions, including the Zeus hand, to individuals impacted by conflict, especially in Ukraine.
LiveKid
Location: Cracow, Poland
Launch date: 2017
Funding Round: Series Undisclosed, €3.1M
Funding Source: Inovo VC
Total funding received: €3.3M
LiveKid has raised €3.1M in its recent round led by Inovo.vc, facilitating its expansion in Latin America. The company solution streamlines preschool and nursery management, providing tools for operations and parent communication. With over 400,000 parents and 3,500 kindergartens using the platform, LiveKid processes €150M in payments annually. LiveKid also plans to introduce Portuguese language support and expand to Portugal and Brazil.
Prop.com
Location: Vilnius, Lithuania
Launch date: 2021
Funding Round: Seed, €2.7M
Funding Source: Undisclosed
Total funding received: €2.7M
Prop.com is a real estate investment platform driven by blockchain technology. It empowers users to participate in fractional ownership of premium real estate properties. Their marketplace offers a convenient platform for users to oversee, administer, and receive rental returns from their investments seamlessly. The company has now closed it’s recent seed round rising €2.7M.
nPloy
Location: Sofia,Bulgaria
Launch date: 2018
Funding Round: Seed, €2M
Funding Source: BlueOcean Ventures, Morningside Hill Capital Management
Total funding received: €4.1M
Sofia's nPloy secures €2M in a seed round led by Morningside Hill VC and Blue Ocean Ventures. The funding will support expansion into Romania. nPloy connects job seekers with employers based on preferences, streamlining the application process. The platform plans to develop further, expecting significant candidate base growth in Bulgaria and Romania over the next two years.
Rainbow Weather
Location: Warsaw, Poland
Launch date: 2021
Funding Round: Seed, €1.8M
Funding Source: Kolas Ventures, Melnichek Investments, Verras Capital
Total funding received: €1.8M
Rainbow Weather secures €1.8M, outperforming Apple and AccuWeather in rain prediction accuracy. Their AI backed solution, with 500K+ downloads, aids preparedness and participates in EBRD’s Star Venture program. DeepMind's GraphCast model, released recently, boosts AI-driven weather forecasting with a 99.7% higher accuracy than traditional models. Utilising deep learning and Graph Neural Networks, it excels in predicting extreme weather events. The startup received support from Kolas Ventures, Melnichek Investments and Verras Capital.
Kardi AI
Location: Olomouc, Czech Republic
Launch date: 2022
Funding Round: Seed, €1.5M
Funding Source: BrightCap Ventures, Cleverage VentureCapital, DEPO Ventures, Garage Angels, Purple Ventures, Soulmates Ventures
Total funding received: €2M
Kardi AI raised €1.5M in a seed round led by Purple Ventures and DEPO Ventures. The company utilises wearable heart monitors and mobile phones for early health diagnosis, employing Artificial Neural Network technology. The funds will support KARDI AI's goals, including product enhancement, and market expansion.
Blindspot Technologies
Location: Prague, Czech Republic
Launch date: 2023
Funding Round: Seed, €1.4M
Funding Source: Presto Ventures, PRO-ZETA, Angel Investors
Total funding received: €1.5M
Blindspot Technologies secured €1.4M in seed round from Presto Ventures, Angel Investors, and IT company Prozeta. Founded in 2023 by David Cermak, the company specialises in DDoS protection, Web Application, and API security for the B2B segment. The raised funds will be used to scale operations and expand into new markets, with a focus on areas vulnerable to cyberattacks.
Influence That Matters
Location: Warsaw, Poland
Launch date: Undisclosed
Funding Round: Seed, €925K
Funding Source: Arkley Brinc VC, LP Group One, PFR Ventures
Total funding received: €925K
Warsaw-based adtech startup Influence That Matters, raised €925,000 from Arkley Brinc VC, LP Group One and PFR Ventures. Their digital influence marketing tool, ITM, automates billing, enhances accessibility for online creators, and offers real-time campaign statistics. Despite being pre-launch, the ITM platform has already attracted nearly 4,000 digital creators.
Icanpreneur
Location: Sofia, Bulgaria
Launch date: 2021
Funding Round: Pre-Seed, €830K
Funding Source: MFG Invest, Sofia Angels Ventures, Angel Investors
Total funding received: €1.1M
Sofia-based startup Icanpreneur closes its pre-seed round at €830K. The round was led by Sofia Angels Ventures, with participation from MFG Invest and Angel Investors, Icanpreneur develops an Accelerator-as-a-Software platform to guide tech entrepreneurs from idea to product-market fit. The funding will accelerate product development and support future expansion.
Flowstep
Location: Tallinn, Estonia
Launch date: 2023
Funding Round: Pre-Seed, €755K
Funding Source: Specialist VC, Tera Ventures, Angel Investors
Total funding received: €801K
Estonian startup Flowstep secured €755K in a pre-seed funding round led by Tera Ventures, with participation from Specialist VC and Angel Investors. Flowstep offers a UX library for analysing and designing products faster. Its users include Meta, Nubank, Paramount+, Spotify, and DoorDash. The funding will fuel further product development with a focus on community-led growth.
Holi
Location: Warsaw, Poland
Launch date: 2023
Funding Round: Pre-Seed, €690K
Funding Source: Heartfelt Capital, YZR Capital, Angel Investors
Total funding received: €690K
Polish digital metabolic health clinic, Holi, raised €691K in a pre-seed round led by YZR Capital with participation from Heartfelt Capital and Angel Investors. Holi offers holistic health programs for treating obesity, incorporating strict menus, workout plans, and the latest pharmacological treatments under specialist care. The funding will fuel market expansion and technology development for the startup.
Eway
Location: Warsaw, Poland
Launch date: 2020
Funding Round: Seed, €690K
Funding Source: Rubicon Partners
Total funding received: €690K
Polish electric car charging station operator Eway raised €675K from Rubicon Partners. Eway develops and maintains stations featuring integrated contactless payment systems. The funds will help install 50 stations this year, with plans for several hundred more across the EU in 2024.
Evidose
Location: Warsaw, Poland
Launch date: 2023
Funding Round: Seed, €464K
Funding Source: 500 Emerging Europe, Inovo VC
Total funding received: €464K
Polish wellness tech startup Evidose raises approx. €464K in funding from Inovo VC and 500 Emerging Europe. Evidose's platform scientifically validates the impact of dietary supplements and wellness products on consumer well-being. The funds will support platform development, automation, and expansion into functional foods, cosmetics, and wellness devices and apps.
Getpin
Location: Kyiv, Ukraine
Launch date: 2019
Funding Round: Seed, €365K
Funding Source: Presto Ventures
Total funding received: €398K
Ukrainian SaaS startup Getpin secures €464K in Seed funding from Presto Ventures to scale its online marketing tool for businesses with physical points of sale. The platform, used by over 100 SMEs in Central and Eastern Europe, enables users to manage business locations on digital maps, handle customer reviews, and publish news and offers. The funds will support team expansion and entry into Latin American markets.
Liledu
Location: Vilnius, Lithuania
Launch date: 2019
Funding Round: Pre-Seed, €125K
Funding Source: FIRSTPICK, Angel Investors
Total funding received: €136K
Vilnius-based toy subscription startup Liledu secures €125K from FIRSTPICK VC and Angel Investors. Liledu provides bespoke sets of educational "play and swap" toys for children. The funding will support the startup's growth and market testing in the UK under the updated brand name.
Keboola
Location: Prague, Czech Republic
Launch date: 2007
Funding Round: Series A, €29.6M
Funding Source: Viking Global Investors, TCF Capital, Presto Ventures, Angel Investors,
Total funding received: €33M
Czech data operations platform Keboola secured €29.6M in a Series A round led by Viking Global Investors with participation of TCF Capital, Presto Ventures and Angel Investors. Keboola's cloud-based data preparation platform, built on Snowflake, serves various industries, helping clients capture, analyse and surface crucial information for their internal analytics projects and data products. The company’s clients include Firehouse Subs, Publicis Groupe, Deloitte, Erste Group, BNP Paribas, and Allegro. This secured funding is currently the largest Series A round in Central Europe in 2023.
Envirly
Location: Warsaw, Poland
Launch date: 2020
Funding Round: Seed, €1.6M
Funding Source: Aligo Venture Capital, Tangent Line Ventures, Bnp Paribas, Angels 4 Impact
Total funding received: €1.6M
Polish platform Envirly, focusing on carbon footprint management, raised approximately €1.38M in a recent round. Envirly's SaaS solution aids organisations in ESG and carbon footprint management, supporting compliance, automation, and non-financial reporting. The funds will be used for technology development and team expansion, marking one of the largest seed investments in Central and Eastern Europe for ESG compliance products. The company is backed by Aligo Venture Capital, Tangent Line Ventures, Bnp Paribas and Angels 4 Impact.
Spectre
Location: Valpovo, Croatia
Launch date: 2016
Funding Round: Seed, €350K
Funding Source: ZAKA VC, Startup Wise Guys
Total funding received: €550K
Croatian startup Spectre XR secured €350K investment from ZAKA VC and Startup Wise Guys. Spectre XR specialises in developing real-world hand interactions for virtual and augmented reality through their cross-platform framework, OctoXR, offering a no-code solution for VR and AR projects.
LucidLink
Location: Bulgaria/USA
Launch date: 2016
Funding Round: Series C, €69.5M
Funding Source: Headline, Baseline Ventures, Brighton Park Capital Logo Brighton Park Capital, Adobe Ventures
Total funding received: €106M
US-Bulgarian cloud storage startup LucidLink raised €69.5M in Series C, the largest round in Bulgaria for 2023 and one of the largest in CEE. Lead investor is Brighton Park Capital, joined by investors such as Headline, Baseline Ventures, and Adobe Ventures. LucidLink's SaaS solution facilitates secure collaboration on large media projects with fast file access, used by teams at Adobe, Netflix, VICE, A+E Networks, WebMD, and more. The funds will accelerate company’s product development.
cast ai
Location: Lithuania/USA
Launch date: 2019
Funding Round: Series B, €33M
Funding Source: Vintage Investment Partners, Uncorrelated Ventures, Creandum, Web Summit, Ventures SAV (Szale Asia Ventures)
Total funding received: €67.5M
CAST AI, based in Miami/Vilnius, closes a €33M million Series B round led by Vintage Investment Partners, with participation from Creandum and Uncorrelated Ventures, as well as Web Summit and Ventures SAV. The cloud-native automation platform for Kubernetes aims to cut cloud bills in half and has been utilised by companies like NielsenIQ, OpenX, Branch.io, ShareChat, Akamai, and Yotpo.
fractory
Location: Estonia/USA
Launch date: 2017
Funding Round: Series Undisclosed, €4.8M
Funding Source: Kvanted, Superhero Capital, OTB Ventures, Trind Ventures, United Angels VC, Startup Wise Guys, and Verve Ventures
Total funding received: €14.5M
Estonian manufacturing tech firm Fractory secures €4.8M for expansion in the UK and Scandinavia. The round was led by Kvanted with participation from Superhero Capital, OTB Ventures, Trind Ventures, United Angels VC, Startup Wise Guys, and Verve Ventures. Fractory focuses on increasing production capacity to strengthen customer relationships. The company connects engineers with production capacity and operates in Scandinavia and the UK.
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