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weekly news by
26 February 2024·4 min read

Lisa Palchynska

Editor-in-Chief, Vestbee

VC & Startup weekly news from CEE, February 17-23, 2024

Notable funding rounds across the EU:

  • French Planity, a SaaS platform for beauty industry bookings, has secured $50 million in Series C funding led by InfraVia Capital Partners, with participation from existing shareholders Crédit Mutuel Innovation, Revaia, and Bpifrance Digital Venture.
  • French medtech startup AZmed has raised €15 million Series A investment from Maison Worms, Techstars, and Tempact Ventures.
  • IsomAb, a University of Nottingham spin-out pioneering a new treatment for people with diabetes at risk of amputation, has raised £7.5 million in funding led by Broadview Ventures. MEIF Proof of Concept & Early Stage Fund and SCVC also joined the round.
  • London startup Climate Policy Radar has raised $6.8 million from the Environmental Defence Fund,, Open Society Foundations, The Patrick J. McGovern Foundation, Sequoia Climate Foundation, Schmidt Futures among others.
  • Berlin-based fintech Monite has raised an additional $6 million in funding from Peter Thiel's VC fund, Valar Ventures and existing investor Third Prime.
  • Copenhagen-based spektr, a fintech company dealing with due diligence processes in the financial sector, has raised €5 million from Northzone, PSV Tech01, and Seedcamp. 
  • Eindhoven-based medtech startup Scinvivo has closed an investment round of €4.7 million from Santec OIS Corporation, The NLC Health Impact fund, and current shareholders. 
  • UK provider of at-home EV charging solutions, Evios, has secured £4 million in Series A funding led by Beringea.

New venture funds and VCs’ news:

  • Horizon Capital, a US and Ukraine-based private-equity firm, has closed its Ukraine-focused fund, Horizon Capital Growth Fund IV, that has reached $350 million in commitments. The final closing boosted the firm’s AUM to $1.6 billion.
  • Romanian-foundеd GapMinder has launched a €80M venture capital fund, GapMinder Fund II. It will invest in seed and late seed stages tech companies from Romania, Moldova, Serbia, Croatia, Slovenia, and Bulgaria.
  • VC fund SMG Capital was launched earlier this year in Ukraine. It is expected to raise around $10 million to invest in 100 early-stage tech startups with Ukrainian founders, focused to scale and develop in the US market.
  • London's Molten Ventures acquires 19% of SeedCamp's third fund for €8.5 million. €30 million Fund III was launched in 2014, and it has already invested in Revolut, Pleo, Grover, WeFox, Thriva, and Curve.
  • PFR Ventures has announced its €35 million (PLN 150 million) investments in four Polish venture capital funds: Inovo VCMarket One CapitalSMOK Ventures, and undisclosed one. The finding is a part of the PFR VC Hub program.

CEE startup funding rounds & acquisitions:

  • Croatian-founded biotech longevity startup GlycanAge has secured €3.9 million in a round led by LAUNCHub Ventures and Kadmos Capital. 
  • Vilnius-based AI-powered B2B sales platform Evergrowth has secured a $2.2 million funding led by Impellent Ventures and Practica Capital.
  • Ukrainian all-in-one HR platform PeopleForce has secured $2 million in a seed funding round led by Pracuj Ventures.
  • Kyiv carbon climatetech startup Carbominer has signed a grant agreement with the EIC Accelerator Fund, securing a €1.5 million grant.
  • Croatian startup Prolaz that supports banks and merchants by enabling faster time to market for new checkout products has raised up to €1.3 million from New Vision 3 and business angels.
  • Tallinn-based AI-driven retail solutions provider Cognitiwe has secured €1 million from venture capital firms, including TechOne VC, Eleven Ventures, Flat6Labs, Domino VC, and Caucasus VC, and business angels.

Startups calls:

  • Mits Capital, in collaboration with the American University Kyiv, has recently announced the launch of the Military Accelerator, primarily aimed at enhancing the production capacity of companies developing innovative products prioritized for the Armed Forces of Ukraine.

The accelerator is looking for teams that have already developed a functional MVP in categories such as ground robotic systems, communications, optical and acoustic reconnaissance equipment, and unmanned aerial vehicles among others. It offers a $200,000 funding package, comprising a $100,000 direct investment in the company and $100,000 worth of acceleration expertise provided by MITS and the American University Kyiv. The application deadline is March 14.

Related Posts:

VC & Startup weekly news from CEE, February 10-16, 2024 (by Lisa Palchynska, Vestbee)

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)

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