Rostyslav Sobachynskyi

Romanian fintech Finqware raises €2M, targets further €1M on SeedBlink

Bucharest-based open banking fintech company Finqware has raised €2 million from an unnamed investment fund in Luxembourg. Targeting further €1 million, the company launches a crowdfunding campaign on SeedBlink, Romania-Insider reports.

Hungarian biotech Turbine raises €25.5M in Series A funding round

Budapest-based biotechnology company Turbine has just added €5.5 million from MassMutual Ventures to its €25.5 million Series A funding round. The company is trying to uncover new cancer therapies using cell stimulation and machine learning, EU-Startups informs. “Turbine’s platform overcomes

Romanian sports tech ESX raises €2M from Catalyst Romania

Bucharest-based fitness subscription startup ESX has raised a €2 million investment round aimed at scaling its platform. Catalyst Romania Fund II provided the funds, Start-up.ro reports. “This capital infusion will allow us to take ESX to the next level of

Polish game developer Klabater raises over €125k

Warsaw-based game developer and publisher Klabater has raised over €125,000 (PLN 566,500) in a fresh round of funding led by the Pure Alpha Investments fund. The studio is currently working on 30 projects, planning to add another seven thanks to

Poland’s Orlen VC invests in Circunomics, a German cleantech

Polish corporate venture capital fund Orlen VC has invested in Circunomics, a German renewable energy company that facilitate the reuse of batteries from electric cars. The details of the deal are undisclosed, MamStartup reports. However, it’s Orlen VC’s eighth startup

Intel to invest $4.6B in new chip factory in Poland

Intel, a multinational technology company, has just announced the investment of $4.6 billion to build a new semiconductor plant in Poland. The investment is part of Intel’s vision to create a first-of-its-kind end-to-end leading-edge manufacturing semiconductor value chain in Europe.

European Parliament passes AI Act draft: what is it about and why startups are worried

On June 15, 2023, The European Parliament, a main legislative branch of the European Union, adopted the draft law known as the AI Act by an overwhelming majority. The world’s first law on AI ensures full compliance with the EU laws and values, including

Poland’s Contec secures additional €5M, totalling €15M in raised funds

Szczecin-based startup Contec has announced the raise of additional €5 million for its funding round, totalling at €15 million. Blachy Pruszyński backed the round which became one of the 2023’s largest investments in Europe.

Emerging Ecosystem ranking 2023: Estonia is up 28 positions, Riga enters the list

Startup Genome has published its annual Global Startup Ecosystem Report 2023 that traditionally include Emerging Ecosystem 2023 ranking of 100. It is intended to reflect startup ecosystems at earlier stages of growth, which showcase high potential to be top global performers