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weekly news by
15 April 2024·4 min read

Lisa Palchynska

Editor-in-Chief, Vestbee

VC & Startup weekly news from CEE, April 6-12, 2024

Notable funding rounds across Europe:

  • Barcelona-based HR unicorn Factorial has raised $80M go-to-market investment from General Catalyst.
  • Spanish startup Onum, which develops a data observability platform, has raised a $28 million Series A funding round.
  • Helsinki-based Basemark, a developer of computer vision software and AR technology, has raised €22 million in Series B funding. 
  • Proxima Fusion has raised €20 million in seed funding. The round came after the startup’s €7.5 million pre-seed investment that it raised less than a year ago. The leading investor this time by redalpine.
  • Danish labtech startup Reshape has raised $20 million Series A investment. Astanor Ventures led the funding round.
  • UK-based Mimo, a financial management startup, has raised £15.5 million in a fresh round led by Northzone.
  • UK-based digital architect for private markets, Pactio, has raised $14 million in a Series A round led by EQT Ventures.
  • Swedish financing platform Gilion has raised a €10 million equity funding round, bringing its total equity raised to €40 million.
  • UK-based fintech with Lithuanian roots, TransferGo, has secured a $10 million growth funding round to expand and develop in the Asia-Pacific region. The round was funded by Taiwania Capital, a Taiwan-based investor.
  • German agritech Weenat has raised $8 million in a Series C round for its meteorological sensors to expand across Europe.
  • London-based deeptech navigation startup Waymap completed a £7 million funding round. The investment was led by the TELUS Pollinator Fund for Good.

CEE startup funding rounds & acquisitions:

  • Tallinn-based energy company Elcogen has closed a funding round, raising overall €140 million for scaling its leading solid oxide technology for hydrogen. 
  • Vienna-based WeAreDevelopers has secured a 7-figure investment from Round2 Capital to expand in the UK and the Netherlands.  
  • Vilnius-based Blackswan Space has secured €760,000 to expand its engineering team, accelerate product development, and scale its commercial activities. The round was led by Scale Wolf.
  • Captiwate, a company with offices in Budapest and San-Francisco, has raised a $600,000from Interactive Venture Partners, Oktogon Ventures, Fiedler Capital, Cloudbreak VC, and angel investors.
  • Ukrainian AI platform Mantis Analytics joined the US-based Alchemist Accelerator, and raised an investment of $30,000 from it. 
  • Ukrainian Competera, which develops an intelligent price optimization platform for retailers, has raised funding from The details of the round were not disclosed.
  • ZAKA VC, a venture capital family office that supports early-stage tech startups, has invested in a New York-based biotechnology company, Lime Therapeutics. 
  • Ukraine-founded recruitment tech startup JobCannon, which uses AI to simplify job searches, has acquired Ukrainian marketing company Adsme. The amount of the deal is undisclosed. 
  • Bulgarian e-commerce startup Rush has been acquired by London-based Shop Circle. The financial details of the deal were not disclosed.

New venture capital funds and VCs’ news:

  • Investment firm Lakestar closed its latest funds, Lakestar Early IV and Lakestar Growth II, for around $600 million to support the European startups, working in sectors such as AI, digitalization, deep tech, healthcare, and fintech.
  • Austrian Elevator Ventures launched EV II, a €70 million venture capital fund to support startups that are developing their solutions in the fields of fintech and beyond banking. 
  • French Quantonation Ventures has closed its second early-stage fund dedicated to quantum technologies, Quantonation II, at €70M of its €200M target.
  • Interactive Venture Partners launched €50 million inaugural fund, Interactive Venture Partners Fund LP. It is supported by the family office of Thomas Peterffy and will provide capital to pre-seed, seed, and Series A startups founded in CEE.

Startup calls & Events:

  • Angel Labs, Silicon Valley based accelerator for VCs, and Imaguru Ventures invite VCs, fund managers, GPs/LPs to a one-day session (+1 day for CVCs) in Warsaw and Vilnius to delve into the inner workings of the venture capital landscape, drawing insights from the heart of Silicon Valley.

Come join a piece of practical knowledge base and an exclusive networking. More information and registration is on
Take 50% discount for Vestbee community with a promocode VESTBEE.

  • The 15th AWE USA event, happening in Long Beach, California from June 18-20, will bring together thousands of innovators, developers, executives, and enthusiasts in the AR/VR industry.

Featuring over 500 speakers from tech giants, Fortune 500 companies, and startups, alongside 350+ sponsors and exhibitors, this conference offers unparalleled insights and networking opportunities. Explore enterprise case studies, discover the latest developer tools, and engage with technologies such as AR Cloud and WebXR, while discussing topics like 5G, AI, haptics, privacy, and entertainment.

Take 20% off with code: 24VESTBEED.

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