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Polish gamedev Gruby welcomes Tencent as its minority shareholder

The Warsaw-based independent game developer Gruby Entertainment has welcomed Tencent as its shareholder. The company offered a minority equity stake to the holding for an undisclosed amount, Games Press reports. Founded in 2020 by Grzegorz Michalak, Kamil Misiowiec, Paweł Siech,

Polish e-cargo bike startup Urvis.Bike raises €410k

The Poland-based startup Urvis.Bike has raised €410,000 (2 million PLN) in a fresh funding to rent electric cargo bikes. The capital acquired by the startup comes from several business angels in Poland, MamStartup reports. Founded in 2020 by Paweł Raja

Polish game studio Plot Twist raises €580k to develop The Last Case of Benedict Fox title

The Kraków-based game studio Plot Twist has successfully completed a private subscription round, under which the company raised additional €580,000 (2.8 million PLN). The Series E round will fund the development of its game title — The Last Case of

Lithuanian startup Doup scores €200k for a new generation of business cards

The Lithuania-based startup Doup has scored a €200,000 investment to develop a new generation of business cards. The company does not disclose the name of the investor, but it is known that it is a Malta-based company that will enable

Romanian deeptech OxidOS raises €1.2M in a seed funding

The Bucharest-based deeptech startup OxidOS has raised €1.2 million in a seed funding led by Early Game Ventures, Romania Insider informs. OxidOS was founded in 2022 by Alexandru Radovici, Bogdan Genis, Vlad Rădulescu, Ioana Culic, and Daniel Rosner. OxidOS develops

Polish Black Pearls VC makes an exit from Nomi Biotech Corporation

The Gdańsk-based Black Pearls VC fund has made an exit from Nomi Biotech Corporation. The fund was the first investor in the company and supported it for three years. Black Pearls VC is a Gdańsk-based fund with a focus on deeptech

Austrian LIVIN Farms raises €6M in a Series A

The Vienna-based sustainable technology startup LIVIN Farms has raised €6 million in a Series A round to develop the alternative protein sector. The round was co-led by multi-millionaire Peter Luerssen and the hardware accelerator HAX, Sifted.eu reports. LIVIN Farms was

Lithuanian company Solvo launches a new app to help invest in crypto

The Vilnius-based fintech company Solvo launches a new app to provide access to quality crypto investments in a seamless and transparent way. Early in 2022, it raised $3.5 million in a seed funding round from Index Ventures to fund this

IT Arena announces winners of Startup Competition 2022

On October 1, as a part of IT Arena, one of Eastern Europe’s largest annual professional tech conferences, the finals of the Startup Competition 2022 took place at the Lviv National Opera House. This year, the total prize pool grew

A breakthrough of 10 million downloads — How does CharStudio from Lviv develop games for the US and the UK

How could a small game development studio reach 10 million downloads in the App Store and Google Play? What are the main steps in creating a casual game for the U.S. and UK markets? Why are mobile games now competing