Countries - page 5

Lithuanian VC firm Raft Capital Management launches €50M fund for Baltic companies

Raft Capital, a Vilnius-based investment fund set up by private equity fund manager Raft Capital Management, has launched its fresh €50 million fund to invest in companies across the Baltic States. The fund will also look for acquisitions in the

Finnish AI startup ConfidentialMind raises €1.5M in a pre-seed funding

ConfidentialMind, an Espoo-based generative AI software startup has raised €1.5 million in a pre-seed funding round to revolutionize how enterprises and governments deploy generative AI applications. The funding round was led by Failup Ventures, with participation from Angel CoFund. About ConfidentialMind

Ukraine has over 240 AI companies and 307,000 IT specialists — the second highest number among CEE countries

Over the past ten years, the number of AI/ML specialists in Ukraine has grown fivefold, reaching 5,200 professionals as of January 2024. Despite the ongoing war, Ukraine ranks second in the number of AI companies in Central and Eastern Europe.

Estonian startup Bisly raises €6.2M Series A to expand its smart building platform

Bisly, a Tallinn-based startup providing smart building automation solutions, has raised a Series A round totaling €6.2 million. The list of investors includes Foxway founders, joined by Aconterra, SmartCap Green Fund, Pinorena Capital, and several angel investors. The round will

Poland’s Radix Ventures closes €41M fund to support CEE startups

Warsaw-based VC Radix Ventures has announced the first closing of its €41 million fund. The capital came from the European Investment Fund (EIF), PFR Ventures GreenHub, and several tech angels from the CEE region. The details: The fund is supported by the

Finnish startup Droppe raises €3.9M in funding to build its supply chain platform

The Helsinki-based startup Droppe has raised €3.9 million in funding led by OpenOcean, with participation from Lifeline Ventures and Illusian Family Office. The funding will help Droppe to develop its source-to-order platform. About Droppe Investment details For brands, Droppe offers

NATO selects the first AI, robots, and space tech companies to invest in as part of its €1B fund

The consortium of NATO allies has approved the first group of companies that will receive financing within the framework of the NATO Innovation Fund in the amount of €1 billion euros. The fund is aimed at supporting European technology companies

Czech firm KAYA VC is launching €80M fifth investment fund

The Prague-based venture capital firm KAYA has announced to AIN that it is preparing to launch its fifth private investment fund, which will have €80 million at its disposal and will focus on Czech, Slovak, and Polish early-stage startups. Currently,

Startup Wise Guys invests up to €100k in 15 startups

The Estonian accelerator Startup Wise Guys has announced its investment of up to €100,000 in 15 SaaS, sustainability, and cybersecurity startups. The program takes place in Bilbao, Spain and lasts three months. Within 6-8 months the startups can also receive follow-up

Finland’s Wolt launches Wolt Capital, a new financing service for merchants in the Nordics and Poland

The Helsinki-based delivery company Wolt has announced the launch of Wolt Capital, a new service promising an easy access to additional financing for merchants. The service is developed in partnership with the German fintech company finmid, with negotiations having started