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Startup of the Day: Liledu, a Lithuanian toy subscription service

Liledu was founded in 2021 by Laurynas Pamparas. The startup provides a toy subscription service that delivers age-appropriate toys for children between 6 months and 7 years old. The startup claims its solution was developed for parents who seek to revolutionize

Estonian SensusQ raises €3.8M for its defense intelligence software

The Tallinn-based defense tech SensusQ has raised €3.8 million from the US-based VC firm New North Ventures and angel investors. The investment will enable SensusQ to expand its team and meet growing market demand, according to Tech.eu. About SensusQ Details of the

Czech VC fund Soulmates Ventures leads a €2.4M round for UK’s Signapse

Prague-based VC fund Soulmates Ventures has announced AIN’s team of its lead position in a a €2.4 million seed round for Signapse, a UK-based Sign Language translation software company. Other investors include Deeptech Seed Fund, the Royal Association for Deaf people, Empirical

Ukrainian IT company Digis merges with Scalamandra — the deal is estimated at $1M

Odesa-based IT company Digis has announced a merger with the outsourcing firm Scalamandra under the name Digis Group, according to Forbes. The deal is estimated between $500,000 and $1 million. About Digis and Scalamandra Acquisition details This decision was driven

Canadian armored vehicle manufacturer Roshel to build new factory in Ukraine

Canadian manufacturer of armored vehicles Roshel is planning to build a defense factory in Ukraine. According to ePravda, “tens of millions of dollars” will be invested in it. The factory will be focused on the Ukrainian and European markets. When

Angels for Ukraine investment fund launches to support startups in Ukraine

The investment fund called Angels for Ukraine has been launched aiming to Ukrainian startups in the early stages of their development: pre-seed and seed. This was announced to AIN.UA by the co-founder of the initiative Olena Kleiner. The fund is

Lithuanian startup Joiner App raises over €500k in funding, experiencing 10-fold growth

Joiner App, a Lithuanian startup managing a socialization platform, has raised over €500,000 in a fresh investment round. The startup’s major investors are angels from Lithuania, marketing advisors and co-investors from Ogilvy Vilnius. About Joiner App Joiner App already has

Lithuanian healthtech startup Spike secures €3.2M in seed funding to enhance AI-based health products

Spike, a Lithuanian-founded and Silicon Valley-headquartered B2B data technology and AI startup, has secured €3.2 million in a seed funding round. The investment was co-led by Practica Capital and TheVentureCity, according to Tech.eu About Spike In December 2022, Spike received

How to Web announces the return of Spotlight in 2024, connecting Eastern European founders with Top investors

How to Web Conference, one of the most prominent startup and tech event in Eastern Europe’s, has announced the return of its flagship startup competition, Spotlight. The competition will take place alongside How to Web Conference 2024 on October 2-3

Analytics in Ukraine’s IT Industry, a Study