Countries - page 53

Estonian startup Elmo raises €2.6M to develop remote EV technology

Tallinn-based startup Elmo has raised €2.6 million in a fresh funding round to develop remotely controlled electric vehicle technology. Highgoal Capital Management, FlyCap, Barolo Invest, and SAGGIS provided the funds. “It is a great recognition to the current work of

Finland’s platform for electric vehicle charging Virta secures €85M growth funding

The Helsinki-based Virta, a global company that develops smart electric vehicle charging services, has announced a new €85 million funding led by Jolt Capital. The company plans to accelerate its growth in Europe and Asia-Pacific region.

Finland’s mobile game studio Cosmic Lounge raises €4M in a seed round

The Helsinki-headquarted mobile puzzle game startup Cosmic Lounge has raised €4 million in a seed funding round led by Transcend. The fresh investment will allow Cosmic Lounge to continue the expansion of its team and launching the first game. “We

One of the biggest tech events in CEE, Infoshare 2023, will be held on May 24-25 in Gdansk

Infoshare Conference in one of the biggest tech and startup conferences in the Central and Eastern European region. This year, it will be the 17th edition of the event, and it will take place on May 24-25 at AmberExpo in

Finnish influencer marketing startup Boksi acquires Monochrome

The Helsinki-based company Boksi, that provides influencer marketing platform, has announced the acquisition of Finnish creative influencer agency Monochrome for an undisclosed amount. The deal will allow Boksi to expand its management services. “Together with Boksi, we want to offer

Finnish startup Epicbrief secures €1M for its customer relationship management platform 

The Helsinki-based startup Epicbrief that develops an AI-based solution for automation of administrative tasks in sales has secured €1 million to optimize its platform and expand the user base. Dutch VC firm Curiosity led the round.  “By automating administrative tasks,

Israel IT wants to buy several small Ukrainian outsourcers

Mergewave Capital signed an agreement with the software developer Israel IT, which will allow to search for companies for a merger in the IT sector in Ukraine for the latter. Taras Bachynskyi, the co-founder of Mergewave Capital, told AIN.Capital about

Finland’s Butterfly Ventures participates in a €970k round for Swedish biotech Retein

The Gothenburg-based company Retein, the developer of a technology for water separation, has closed its €970,000 financing round co-led by Industrifonden, Butterfly Ventures, Navigare Ventures, and business angels. The investment will help to increase the startup’s production volume. “We are

Polish VC funds form a coalition to invest €15 million in Polish startups. How it works

Tar Heel Capital Pathfinder, Knowledge Hub, Freya Capital, and Accelero Ventures have recently announced to join their investor forces as a VC funds’ coalition. The funds plan to offer Polish startups financing of up to €3.5 million (PLN 16 million),

Corruption scandal in Poland puts dozens of startups on the verge of bankruptcy

More than 100 Polish companies, including dozens of startups, haven’t received €175 million in EU grants they were awarded at the end of last year. The reason is anti-corruption investigation of one of the National Center of Research and Development