VC & Startup Weekly News From CEE, December 24 - January 6, 2022

New VC Funds

Milan-based VC P101 SGR claims the first, €150M close of its new fund, aiming to reach €250M by 2023. The firm will back early to growth stage B2B, B2C companies across fintech, proptech, edutech, cybersecurity, putting anywhere from €1M to €10M into each opportunity.
Building materials corporation CRH announces the creation of a $250-big CRH Ventures. The firm will invest in construction and climate technology companies operating across the construction value chain.

Latvian robotic wind turbine maintenance startup Aerones raises $38.9M series A to scale up its operations. The investors of the company remain undisclosed.
Czech fairytale narration app Readmio gets Kč 25M investment. The round was led by Zero Gravity Capital and joined by Depo Ventures.
Post-quantum encryption startup ResQuant raises an undisclosed round for further product development. The round was led by Invento VC.
Hand tremor device company Vilimed raises a €300K round to expand the business. The round was led by CoInvest Capital and followed by a number of angels from LitBAN.
Non-invasive health diagnostics platform NutriBox raises 1,17M PLN for product development. The round was led by Scanderia Ventures.
Carbon management platform Redigo Carbon receives a 1.2M PLN investment to further develop the product. The round was led by Invento VC.
Walking app Walk15 obtains a €600K investment to further develop the platform and enter the German market. The round was led by EIT Urban Mobility.

European Space Agency announces the creation of another business incubator in Lithuania. Those accepted into the program will get access to business and technical advice, €50K from the ESA and eligibility to receive an additional €25K from Vilnius City Municipality.
Polish Centre for Testing and Certification partners up with the US state of Nevada in launching an acceleration program. The program is open to startups no older than 3 years. Registration is open till the 18th of January.
The EIT Food opens up registrations for the EIT Jumpstarter accelerator. The program is open to sustainable agriculture and food production companies and those accepted into the program will obtain 6 months of the acceleration program, expert advice, and up to €12K in equity-free grants. To learn more and register, you can go to the program's website.

VC & Startup News From CEE, December 3-9, 2022 (by Ilya Mikhalchyk-Kananenka, Community Builder, Vestbee)