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weekly business news by vestbee
21 February 2022·3 min read

Ilya Mikhalchyk-Kananenka

Community Builder, Vestbee

VC & Startup News February 12-18, 2022

 New VC Funds 

  • Munich-based HV Capital raises a new €430M continuation fund to support its portfolio companies’ growth.
  • A new angel network and community Fund Fellow Founders (FFF) has arisen in Estonia to support Nordic and Baltic Founders.
  • LEGO is launching a $143M fund to support innovative companies addressing “global early childhood emergency”.
  • Specialist (formerly United Angels VC) raised a new €50M fund to support pre-seed and seed-stage startups from Baltics and beyond.

CEE Startup Funding Rounds

  • Polish logistics startup Linkercloud attracted 16M PLN from ffVC Poland, Street Smart Capital, Market One Capital and Kogito Ventures to start its European expansion.
  • NATO-awarded cybersecurity company CybExer attracts €5M to support its global growth.
  • Romania’s first payday fintech Salarium attracts €500.000 in financing from Neogen Capital.
  • Estonian team building autonomous store technology Grab2Go has raised €750.000.
  • Pracuj Ventures invested in Polish silvertech SeniorApp.
  • Romania’s product documentation platform Archbee closed a €3M seed round led by Global Founders Capital and Credo Ventures.
  • Polish Agritech startup Hydropolis has raised a 2.1M PLN from LT Capital.
  • Romania’s fintech Pago has been acquired by Mozaik Investments to scale throughout Europe.
  • Bulgarian e-commerce startup CloudCart is finalizing an investment from NV3 and Eleven Ventures to expand across CEE.
  • Varna-based medtech CoLumbo closed a €2.1M investment for European expansion.

Open Calls For Startups

  • CEE Startups Of The Month by Vestbee is collecting applications till March 10th. Startups can get featured among leading CEE companies and be introduced to a wide network of investors.
  • Poland Prize Accelerator powered by Space3ac is dedicated to support the startups' growth within the Polish market. The winner will get a prize of 650 000 EUR.
  • Start it K&H Incubation is looking for early-stage startups to offer them an access to the network of professionals & mentors and free office spaces.
  • Startup Lithuania has just opened applications to its Startup Guide Pre-accelerator program for early-stage founders.
  • Applied Data incubator has opened up applications for European data startups
  • Estonian Prototron has announced a launch of a green tech program.
  • EIT Food Hub Romania is looking for pre-seed tech startups to join one of its four agri-food programs!
  • Only few days left to register your AgriTech startup for Nextcelerator’s accelerator.

Other News

  • Startup Wise Guys expand into Africa on its 10-year anniversary.
  • Ukraine passes legislation legalizing and regulating the management of cryptocurrencies. Find out more here.
  • Estonian government is in discussions about the legal framework regulating the local Gig economy. Find out more here.
  • The city of Riga is about to double its local investments in developing innovation and entrepreneurship. Find out more here.

Related Posts:

TOP European Funding Rounds Closed In January 2022 (by Konrad Koncerewicz, Community Builder, Vestbee)

New VC Funds Investing In European Startups - Overview 2021 (by Olga Chechłacz, Editor,  Vestbee)

New VC Funds From Central & Eastern Europe - Overview 2021 (by Olga Chechłacz, Editor,  Vestbee)



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