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Startup of the Day: Digicust, digital customs clearance platform provider

Founded in 2020, Vienna-based Digicust develops machine learning and AI-based systems for the digitalization and automation of customs documents processing for freight forwarders and other enterprises. The startup also offers its virtual customs robot, Dexter IDP, which builds on companies’

Nova Post launches in Czechia: two new branches are set to open in June

The Ukrainian delivery company Nova Post is entering another foreign market. The Czech Republic is the next on the line, Babel reports.

Finnish Doublepoint raises €3M for its gesture recognition technology 

The Helsinki-based company Doublepoint that offers the technology for detecting touch-based microgestures, surface interactions and more, has raised €3 million round. The funding came from FOV Ventures, Superangel VC, Superhero Capital, Business Finland, and angels. 

Atomic Heart, Escape from Tarkov, and Wagner Groups: how Steam tolerates the war sympathizers

Valve Corporation, the owner of Steam, is currently facing the community backlash as several groups were found on the platform named after the Wagner Group, an internationally-recognized and banned terrorist organization rooted in Russia. However, the company doesn’t seem to

Four CEE funds receive €80M from Romanian Recovery Equity Fund

Romanian Recovery Equity Fund will invest €80 million in four local investment funds —  Innova/7, Booster Capital, GapMinder II, and Morphosis Capital I, in the frames of the EU Recovery and Resilience Program. Four funds will invest in at least

Finnish company Aibidia raises €13M in Series A to upgrade global transfer pricing

Helsinki-based company Aibidia has raised €13 million Series A funding round. DN Capital and FPV Ventures co-led the round, with existing investors Icebreaker.vc and Global Founders Capital also participating. “The diligent and steady way Hannu-Tapani and his team have approached the growth of Aibidia,

Aristocrat acquires NeoGames with office in Kyiv for $1.8B

Australian developer of online games and slot machines Aristocrat Leisure Limited has announced its intention to acquire NeoGames S.A. studio, which has a representative office in Kyiv, as well as open job positions there. The amount of the deal is

Polish spacetech Liftero secures pre-seed round to revolutionize orbital transportation

Poland-based spacetech company Liftero has successfully closed a pre-seed funding round. Sunfish Partners, Freya Capital, bValue, and several angel investors participated in the round set to revolutionize orbital transportation. “Super-heavy and reusable launchers are coming to the market, with SpaceX

Ukrainian Nova Post launches new office in Kaunas, the second one in Lithuania 

Nova Post has launched its second post office in Lithuania, Kaunas, as the company informed AIN.Capital. The first one appeared in March in Vilnius.

The European Innovation Council allocates €20M to support Ukrainian startups

The European Innovation Council (EIC) has announced the project called Seeds of Bravery aimed at providing €20 million of support funding for Ukrainian startups, technology entrepreneurs, and the ecosystem. The EIC also announced the consortium of more than twenty organizations