12.12.22 Countries Latvia Idea Cup 2022 awards 12 startups with €40k. Latvian Suhona AI took first place Riga-based Suhona AI, an autonomous railway maintenance startup, has won €10,000 in the Idea Cup 2022 competition. A total of €40,000 was awarded to the 12 finalists who wanted to develop their business ideas, Labs of Latvia reports. “There will
09.12.22 Countries Estonia Estonian Fusebox raises €2.5M to bring energy flexibility software to Europe Tallinn-based technology company Fusebox has raised €2.5 million as part of its European expansion funding round. The investment came from the Dutch energy giant Eneco and the largest Polish bank PKO. “We are very proud of our latest investment in Fusebox. We are
09.12.22 Tech1 Investments Polish laser manufacturer Fluence secures €1M from JR Holding Warsaw-based startup Fluence has secured €1 million from JR Holding in exchange for 7.07% of its shares. The company is a manufacturer of specialized high-precision femtosecond lasers used in innovative industries, MamStartup reports. “We have a wide range of products that we
08.12.22 Tech1 Investments Lithuanian Iron Wolf Capital and Angels Fund invest €1.3M in Speiz, a Norwegian proptech Lithuanian funds Iron Wolf Capital and Angels Fund have invested in the Norwegian proptech startup Speiz during its €1.3 million seed round. German fund F-LOG Ventures, a VC specialised in logistics and logtech investments, led the round, Tech.eu reports.
08.12.22 Countries Finland Finnish fintech Membrane Finance raises €2M in a seed funding Membrane Finance, a Helsinki-based fintech startup, has raised €2 million in seed funding, as well as received an Electronic Money License by the country’s regulator. With the license secured, Membrane’s product EUROe becomes the first regulated, full-reserve stablecoin in the
07.12.22 News CEE startups funding report: €1.3B over 264 investments in Q3 of 2022 Despite the harsh geopolitical and economic climate, the CEE startups funding scene shows solid resilience. However, Q3 was the first quarter in 2022 showing a notable deviation from the growths seen earlier this year, as the amount of capital deployed
06.12.22 Tech1 Startups Startup of the Day: Bulgarian online marketplace Swipe.bg Founded in October 2021 by Mihail Dimitrov, Ognyan Popov, and Nikola Pavlov, Swipe.bg is the first Bulgarian platform for buying and selling second-hand mobile phones. It refurbishes and puts these devices back to market with 2-year warranty, flexible payment methods, full-scale
06.12.22 Tech1 Investments Polish gaming company Elympics wins $100k at NBX Pitch Contest 2022 Warsaw-based blockchain gaming startup Elympics has won the main prize of $100,000 in a pitch contest at the Next Block Expo festival. The company received recognition from leading European VC funds for its innovative approach to creating Web3 play-to-earn games, MamStartup
01.12.22 Tech1 Investments Polish startup Restimo raises €255k to develop its platform RestHub Warsaw-based startup Restimo has raised €255,000 (1.2 million PLN) to develop its platform for catering industry RestHub. EIT Digital joined angel investors Małgorzata Sitkowska, Nicolas Jedraszak, and Michał Zawiasa to support the company, MamStartup informs. “While working at the Glovo
01.12.22 Tech1 Investments Polish startup Ecobean raises over €2.1M in seed funding Warsaw-based ecotech startup Ecobean has secured seed funding to make the coffee industry more sustainable. The company does not reveal the exact amount of the deal, but according to COBIN Angels it is worth over €2.1 million (10 million PLN).