New VC Funds
- Schneider Electric announces the closing of its 2nd, $500M-large CVC fund SE Ventures. The firm will back startups building within climate-tech, industrial AI, mobility, prop-tech and cybersecurity around the globe.
- Polish deeptech VC OTB Ventures announces a €150M fund. The firm will invest across enterprise AI automation, spacetech, fintech, cybersecurity and climatetech around Europe.
AI-focused VC Alpha Intelligence Capital announces the first $100M closing of its $300M fund. The firm will back series A-B startups across the globe. - A Polish impact VC Simpact raises its second, 100M PLN-large fund.
- Polish VC bValue announces a first €72M closing of its €100M fund. The firm will back mature CEE companies with €5M to €15M size tickets.
- Female-led UK VC Pact announces closing of its £30M to invest in seed-stage startups. The firm will back companies building solutions around economic inclusion, personal and professional well-being, and climate solutions, putting £1M to £1.5M into each opportunity.
Ukrainian Catholic University announces the creation of Angel One Fund to support country's academia spinouts. The firm will back pre-seed to seed stage startups, investing $50k to $200k across FinTech, SaaS, EdTech, AI/ML.
CEE Startup Funding Rounds & Acquisitions
- Sports betting data provider LSports buys a Polish B2B sports data provider STATSCORE to expand in the US, LATAM and Asia.
- Czech DataOps platform Keboola raises $4.5M seed round to expand in Europe and North America and business expansion. The round was led by Presto Ventures, joined by Reflex Capital and a number of angel investors.
- Czech food box startup NutritionPro raises 74M Kč to expand in Germany and other European countries. The round was co-led by Nation1 and LEVERAGE.
- Creator marketing platform Modash nabs $2M seed for further business expansion. The round was led by Change Ventures and joined by a number of business angels.
- Legal infrastructure platform Goodlegal grabs a €1.2M pre-seed round to launch the product. The round was led by Earlybird Digital East Fund.
- Polish web3 game monetization startup Insert Stonks gets 2.5M PLN in pre-seed funding for further business and product development. The round was led by FunFair Ventures.
- PKO VC sells its stake in AI document automation solutions startup Applica to Snowflake. The size of transaction remains undisclosed.
- Lithuanian Business Angels Fund sells out an optical thin film coating company Optonas. The full size of the transaction remains undisclosed but the fund claims to have a 3,4 return multiple on its initial investment.
- Hypra fund acquires 25% of a web3 development company Boosty Labs from its previous owner - NetSolid Investments. The size of transaction remains undisclosed.
- Czech voice assistant VOCALLS receives 20M Kč to fuel its foreign expansion. The round was raised from V# Venture Studio and a number of business angels.
Lithuanian suspension testing provider LABA7 raises its second, €640k investment to further develop the company. The investment was co-funded by CoInvest Capital and LitBAN syndicate. - Polish data-analysis startup Checly graduates from an Eco-On acceleration program and gets 20k PLN in funding.
Startup Calls
- Huawei announces call for its healthcare-focused Startup Challenge. The first three winners will get a hefty cash prize and recognition in front of venture investors and a wider tech community. The applications are open till the 31st of December.
- Ukraine hosts a European Startup Conference 2022 in early December. The participants will be able to help fundraise for local charities and connect with venture investors as well as local entrepreneurs. The event will occur both live and offline on the 7th of December.
- A retail chain Żabka seeks foodtech startups for its Foodtech Lab. The program will give a chance of testing and piloting the solution across the group as well as mentorship for aspiring entrepreneurs. Applications for the program close on the 30th of November.
- A Polish Institute of Regional and Local Development (IRMiR) launches an Urban Lab initiative. A number of selected cities and towns will give an easy way of implementing micro-innovation close to people's home.
Related Posts:
VC & Startup News From CEE, November 12-18, 2022 (by Ilya Mikhalchyk-Kananenka, Community Builder, Vestbee)
VC & Startup News From CEE, November 5-11, 2022 (by Ilya Mikhalchyk-Kananenka, Community Builder, Vestbee)
VC & Startup Weekly News From CEE, October 29 - November 4, 2022 (by Ilya Mikhalchyk-Kananenka, Community Builder, Vestbee)
