Apply To Startups Of The Month

01 May 2023·4 min read

Ilya Mikhalchyk-Kananenka

Community Builder, Vestbee

VC & Startup Weekly News From CEE, April 22 - 28, 2023

New Venture Funds:

Horizon Capital raises $254M for its fourth growth fund. The firm will back Ukrainian and Moldovan growth-stage companies.

Startup Funding Rounds & Acquisitions:

Polish deeptech investor OTB Ventures joins a €20M Series A of a geospatial crop health platform Hydrosat. The funding will be used to support the company's satellite launches.

Polish-found offline retail analytics platform Cosmose AI obtains a strategic investment from NEAR Foundation to adopt the platforms' blockchain payment solutions. The size of the investment remains undisclosed.

Polish molecular diagnostics startup Genomtec raises 13.1M PLN from the public sale of its shares to fund further research.

Tallinn-based EV tech platform for remotely controlled cars Elmo gets €2.6M in funding to license the solution across new markets. The round was made possible with investment from Highgoal Capital, FlyCap, Barolo Invest, and SAGGIS.

Polish LED lightning software and hardware producer LED Labs raises a 10M PLN investment to invest in team/business expansion. The investment was made by Bank BNP Paribas.

Polish SpeedUp Energy Innovation backs German battery rental / charging infrastructure platform Swobbee. The startup has raised €2M series A to scale up its operations.

Romanian anti-food waste platform raises €600k crowdfunding round to accelerate the platform's growth and reach profitability. The funding was procured through Seedblink.

Latvian aim-planning app Aimy gets €250k round to growth its presence across the region and builds its first tech center in Riga. The round was led by VNTRS.

Estonian fleet care wash service platform UpSteam raises €150k angel round.

Lithuanian shipping platform Swotzy obtains €90k investment to launch its platform and grow its software development team. The round was led by FIRSTPICK.

Latvian construction tech startup Adventum Tech wins the TechChill competition and €11k cash prize.

Startup Calls:

Ukrainian state agencies team up in launching BRAVE1 —defence tech cluster to launch and support the country's military tech innovation. The platform will provide access to investment, on-the ground pilots for technology, connections to all relevant stakeholders, and other perks to build and accelerate the defence industry. The initiative has been supported by Ministry of Digital Transformation, Ministry of Defense, the General Staff of the Armed Forces of Ukraine, National Security and Defense Council of Ukraine, the Ministry of Strategic Industries, and the Ministry of Economy.

Czechia's oldest startup competition, Vodafone Idea of the Year calls for submissions from local startups. The winner of the competition will get a 400k Kč equity-free prize, a chance to pitch in front of prominent investors, as well as an opportunity of winning a trip to Huawei R&D center in Shenzhen. The applications for the challenge close on 6th of April 

GovTech Lab Lithuania is hosting a GovTech Leaders 2023 conference on the 9th of May in Vilnius. The event will feature prominent GovTech leaders including Lithuanian Vice-Minister of the Economy and Innovation Eglė Markevičiūtė, Taiwanese Minister of Digital Affairs Audrey Tang, Ukrainian Deputy Minister for Eurointegration at the Ministry of Digital Transformation Valeriya Ionan and many more. To reserve a spot, just apply on this evenbrtite page.

A team led by Ilya Mikhalchyk - Kananenka and sponsored by Jacek Migdał is about to host a GPT-4Warsaw Hackathon on Friday 5th of May. The event will provide an opportunity to build a small app/service using Replit's latest features, receive mentorship from experienced tech leaders, as well as the opportunity to meet and connect with new people in a real work environment. The amount of spaces is limited and the applications are reviewed on a first-come, first-served basis.


Subscribe to our newsletter
Join Vestbee
Join the leading matchmaking platform for startups, VC funds, angels, accelerators and corporates
Join Now