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Finland, Estonia, and Lithuania are in top 20, Ukraine ranks 49th — Startup Ecosystem Report 2023

StartupBlink has prepared this year’s iteration of its Startup Ecosystem Report. The report explores the world’s top 100 countries and 1,000 cities, ranked by startup ecosystem strength. Finland, Estonia, and Lithuania managed to get in top 20 and Ukraine got

Estonian TextMagic acquires a website-building platform Voog in a €1.1M deal

The Tallinn-based SMS company TextMagic has announced the acquisition of Voog, the website-building and e-commerce platform. The amount of the deal was €1.1 million. It will allow TextMagic to build, buy, and manage a diverse B2B SaaS products portfolio. “The

Intellias plans to hire an additional 700 engineers

The Ukrainian IT company Intellias plans to hire several hundred engineers in 2023. It is hiring about 700 specialists, 50-60% of them from abroad, according to NV. Why is this interesting? During the full-scale war in Ukraine, Intellias continued its

Startup of the Day: Lithuanian ColibrisODM, an online manufacturing platform for metal parts

ColibrisODM was founded by Justinas Bielskis and Karolis Gaidys, and offers an online on-demand manufacturing platform for automatic quoting and ordering of custom-made & serial metal parts in quantities required. Recently, the startup secured its first investment of €300,000. Its target

Russians continue to make UAVs using Western tech from Intel, Raspberry, and other companies

Ukrainian soldiers has captured a Russian UAV of non-serial production. The photos published by DS8044 Kyiv show that the Russians continue to use Western tech components from American manufacturers, such as Intel and Taoglas. Why is it important? After the

Latitude59 announces the winners of Pitch Competition 2023 with €1.25M prize fund

Estonian fund Tera Ventures and Estonian syndicate of business angels EstBAN have selected the winners of Latitude59 Pitch Competition 2023 — Flowstep was awarded with €600,000, Cino with €500,000, and ÄIO Tech got €150,000.

Finnish energy tech Vensum raises €3.8M funding round

The Helsinki-based startup Vensum that is focused on energy technology has raised €3.8 million to develop its power converter technology. The round was led by Lifeline Ventures, joined by Grid.vc, Harjavalta Oy, and Business Finland, Tech.eu reports. 

Polish security tech EBS is acquired by Alarm.com

A prominent Polish security communicator manufacturer EBS has been acquired by Alarm.com, a Virginia-based platform for home and businesses property security. This acquisition amplifies Alarm.com’s capabilities in delivering advanced security technologies. The details of the deal are not revealed. “By

Game Rant calls Ukrainian game series S.T.A.L.K.E.R. and Metro “Russian fiction”

The publication Game Rant called the S.T.A.L.K.E.R. and Metro game series a continuation of “a rich tradition in Russian fiction”. However, the developer of Metro is the Ukrainian studio 4A Games, and the developer of S.T.A.L.K.E.R. is another Ukrainian studio

Austrian startup Shopstory raises €1M for its e-commerce automation platform

Vienna-based SaaS startup Shopstory has raised €1 million to further develop its no-code online shops automation platform. Two new Austrian funds Hardlymountain Capital and Calm/Storm joined the existing investors in the round, EU-Startups reports. “We see a huge opportunity for