Mariia Denysiuk

Latitude59 announces the winners of Pitch Competition 2023 with €1.25M prize fund

Estonian fund Tera Ventures and Estonian syndicate of business angels EstBAN have selected the winners of Latitude59 Pitch Competition 2023 — Flowstep was awarded with €600,000, Cino with €500,000, and ÄIO Tech got €150,000.

Finnish energy tech Vensum raises €3.8M funding round

The Helsinki-based startup Vensum that is focused on energy technology has raised €3.8 million to develop its power converter technology. The round was led by Lifeline Ventures, joined by Grid.vc, Harjavalta Oy, and Business Finland, Tech.eu reports. 

VC funding in CEE in Q1 2023 decreased almost by half, to €600M — Vestbee’s report

The global funding in the first quarter decreases to $76 billion, reflecting a 53% decline compared to the same period in 2022, which recorded $162 billion in funding, Vestbee’s report states. In the first quarter of 2023, venture capital investments in the

Equiem acquires Polish proptech spaceOS

Global proptech company, Equiem, has announced the acquisition of the Warsaw-based spaceOS, which offers a complete workplace experience platform. The terms of the deal were not announced. It will provide capital for further acquisitions and the integration of spaceOS to

Lithuanian marketplace Traxlo closes €1.1M in a pre-seed round

Vilnius-based startup Traxlo which created and operates a grocery retail-specific tasks marketplace has raised €600,000 and closed at €1.1 million, Arcticstartup reports. The round was co-led by Iron Wolf Capital, Antler, Black Pearls VC, Red Pill VC. Traxlo aims to

Startup of the Day: Polish gamedev studio Sundog 

Sundog was founded by Aleksandra Bieluk, Carlos Castanon, Zbyszko Fingas, and Mateusz Blaszczyk. Currently, the company is working on its first title, Ibru, based on Olga Tokarczuk’s book “Anna in the Tombs of the World”. The game is expected to

Romanian insurtech FlowX.ai raises $35M in a Series A round

The Bucharest-founded FlowX.ai that helps businesses to digitize their internal processes, has raised a $35 million in a Series A, the largest Series A in the history of the Romanian startup ecosystem. The round was led by Dawn Capital, with

Lithuanian startup ColibrisODM secures €300k for its on-demand manufacturing platform

The Kaunas-based startup ColibrisODM, which works in the metal industry, has secured an investment of €300,000. The round was co-led by CoInvest Capital and LitBAN.

Lithuanian regtech AMLYZE raises $1M pre-seed round

The Vilnius-based firm AMLYZE, specializing in anti-financial crime solutions, has raised $1 million of investment led by Practica Capital. The funding will be used to scale AMLYZE’s SaaS business and accelerate international expansion. “As our mission is to help the