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weekly news by vestbee.com
19 February 2024·3 min read

Lisa Palchynska

Editor-in-Chief, Vestbee

VC & Startup weekly news from CEE, February 10-16, 2024

Notable funding rounds across the EU:

  • Dutch SME banking provider Finom has closed a €50m Series B funding round co-led by existing investor General Catalyst and new backer Northzone.
  • Helsinki-based hospitality operator Bob W has closed a €40 million Series B funding round led by Evli Growth Partners, joined by the growth capital investors and several European angels.
  • Vapaus, a Helsinki-based mobility benefits provider, secures €15 million from Norion Bank.
  • Madrid-based digital pharmacy network LUDA Partners has raised €12 million from private equity investment firm Moira Capital Partners. 
  • Dutch provider of decision-making software, data, and intelligence for the offshore wind sector Aegir Insights has raised €8.5 million in Series A funding, led by Seaya Andromeda, with the participation of Climentum Capital.
  • French music promotion startup Groover has raised $8 million in Series A funding led by OneRagtime, Trind, Techmind, and MozzaAngels, and with the participation of existing investors, Partech, Bpifrance's Tech & Touch fund, Verve Ventures, and Frenchfounders. 
  • Copenhagen-based logistics startup Portchain raises $5 million in a funding round led by Angular Ventures.
  • The UK healthtech generative AI startup TORTUS announced today $4.2 million in seed funding led by Khosla Ventures. Entrepreneur First also joined the round.

New venture funds:

  • Swiss pre-seed venture capital firm Founderful has announced the raise of €78 million for its new fund, aiming to reach a final close at €110 million in the upcoming months. 
  • Full Speed Ventures, a European VC firm co-founded by Polish investors, has launched its second €50 million technology fund. The fund will invest €1-2 million as a first ticket and continue supporting the company across CEE with a strong connection to Poland.
  • In January, Warsaw University of Technology Investment Factory (WUT IF) was launched. It is the first Polish VC, created by the public university. The fund is targeting $5 million, aiming to back 18 deeptech startups originating from universities across Poland.

CEE startup funding rounds & acquisitions:

  • Omnetic, a Czech-founded provider of digital tools to boost car dealership, has raised €100 million from Kartesia and CVI. 
  • Poland and the US-based developer of an open-source headless e-commerce platform for building online shops, Saleorhas raised $8 million in a seed-extension round led by Zalando and Target Global.
  • Polish platform and mobile app for mental wellness Mindgram has raised a €2.5 million round from Smartlink Partners, Market One Capital, Credo Ventures and Portfolion. 
  • Warsaw-based startup Aleet, specializing in the management of fleet operations, has secured over €1 million (PLN 5 million) funding co-led by CofounderZone and FundingBox Deep Tech Fund.
  • Vilnius-based wellness tech startup Walk15 has secured a €1 million investment from Coinvest Capital, and the NGL syndicate.
  • Lithuanian cybersecurity startup CyberUpgrade has raised €650,000 in a pre-seed investment. The round was led by business angel syndicate NGL, FIRSTPICK, and several other angels.

Startup calls:

  • AceON Accelerator opens its gates for European founders to join their Spring Accelerator 2024 for idea and pre-seed stage startups. It is an international 2-month intensive program for founders, which is full of lectures with experts, on valuation, finance, developing MVP, pitching tips, term sheet, marketing, ESOP and more. 

    Those interested in joining the Spring Accelerator program can apply no later than March 7, 2024 by filling out the application form on the AceON Accelerator’s website.

Related Posts:

VC & Startup weekly news from CEE, February 3 - 9, 2024 (by Lisa Palchynska, Vestbee)

VC & Startup weekly news from CEE, January 20-26, 2024 (by Lisa Palchynska, Vestbee)

VC & Startup weekly news from CEE, January 13-19, 2024 (by Lisa Palchynska, Vestbee)



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