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Hungarian sustainability startup Denxpert raises €1M from Sofia Angels Ventures

Sofia Angels Ventures, backed by EIF for angel and private co-investments, has announced the investment in the Budapest-based sustainability startup Denxpert to scale and expand it internationally. Obuda Uni Venture Capital also participated in the financing. About Denxpert Denxpert plans

Ukrainian-founded startup Allset is acquired by SoundHound

SoundHound, a company providing voice artificial intelligence, has announced the acquisition of Allset, a Ukrainian-founded online ordering platform that connects restaurants and local customers. The acquisition will strengthen the company’s capabilities and commitment to innovations. About Allset Allset has offices

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

Ukrainian AI startup Dynamiq secures a pre-seed investment from 4 funds

Dynamiq has secured a pre-seed investment round from TA Ventures, which led the funding, with participation from Geek Ventures, u.ventures, Diaspora Ventures. Although the exact amount is undisclosed, AIN shares other investment details. About Dynamiq At Dynamiq, we are committed

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

Polish-founded startup Proofs secures $2.6M pre-seed round from Earlybird Venture Capital

Polish-founded startup Proofs has raised $2.6 million in a pre-seed funding round led by Earlybird Venture Capital, with participation from Expeditions Fund, Step Function Ventures, RTP Global, and business angels. This investment will accelerate its product development and expand the team,

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.

Polish medtech Quantum Innovations secures nearly €10M investment

The Warsaw-based medtech startup Quantum Innovations has secured nearly €10 million (PLN 41 million) in its second funding round to develop cardiac surgery technology. Vinci IQ ASI led the investment round, the startup shared the details with AIN via press

Czech startup Zerops raises $500k in a pre-seed investment round

Zerops, a Prague-based developer of a cloud platform that builds, deploys, and manages apps, has raised $500,000 in a pre-Seed investment round backed by Presto Ventures and Gi21 Capital. The investment will help accelerate the integration and global expansion of

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