Countries - page 68

Lithuanian firm Baltic Sandbox Ventures raises €10M for its first fund

Freshly founded Lithuanian firm Baltic Sandbox Ventures has raised €10 million for its first deeptech fund. For its closure, the firm targets to raise a total of €13 million. The fund is the first in the Baltics focusing on early-stage

IT company Dev.Pro laid off 100 employees. What happened?

IT company Dev.Pro laid off 100 employees in Ukraine. The company explained that they were forced to take such a step due to the loss of a regular client. AIN.Capital tells the details. “As part of our cooperation at the beginning of the

Finland’s Upright Project raises €5M to make net impact data more available

Helsinki-based deeptech-driven open data analysis startup Upright Project has raised €5 million in a seed round. The greentech VC Planet A Ventures alongside First Fellow Partners led the funding round, Tech.eu reports. “Upright’s goal is in their name: make impact assessments more

Playtika lays off 15% of its staff in Ukraine, globally — 800 people

Playtika, a game developer company, is making massive layoffs. According to Globes, about 800 employees around the world will be fired. According to AIN.Capital‘s sources, the cuts will also affect the Ukrainian R&D offices, where a total of over 100

Finnish startup Statzon raises €400k in a seed round

Lahti-based market intelligence startup Statzon has raised €400,000 during a seed round. It consisted of the equity funding from Gorilla Capital and Sofokus Ventures, and an R&D loan from Business Finland. “We have confidence in the team’s capabilities and their passion to

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

Estonian-founded negotiation startup Pactum raises €19M

The California-based business negotiation technology pioneer Pactum has raised Estonian-founded negotiation startup Pactum raises €19 million in additional funding for further expansion in the US and Europe. The investment was led by 3VC.

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

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

In 10 months of 2022, the export of Ukrainian IT services exceeded $6B — research

According to the statistics on 10 months of 2022, the export of IT services grew by 9.9% compared to last year, and brought in more than $6 billion in revenue, surpassing the 2021 figure by $542 million. The export of