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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

Polish foodtech Fresh Inset secures €2.1M in Series A round

Torun-based foodtech startup Fresh Inset has secured €2.1 million (10 million PLN) during its Series A round of funding. The company develops a technology that extends the shelf-life of fresh fruit and vegetables, MamStartup reports. “If food waste were a

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

Vienna-based Speedinvest raises €500M to back European tech startups

Austrian Speedinvest, one of the Europe’s most active seed investors, has raised €500 million to invest in early-stage tech startups. To date, 90% of the funds’ target amount is committed, Sifted reports.

Austrian Asset Operations Platform ToolSense closes €8M Series A round

Vienna-based startup ToolSense announced the closing of a new €8 million Series A round led by investment company of PwC that specializes in industrial IoT.

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

Сzech-Slovak consulting startup Acreom receives €620k to expand to the US

Slovak-founded provider of professional technical and management support services Acreom has received €620,000 for further software development. The round was co-led by Nation 1 and Expedite Ventures.

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