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Serbia-founded HTEC Group acquires software company Mistral Technologies

HTEC Group, a Serbia-founded technology consulting and development company, has acquired Sarajevo-based Mistral Technologies. With the Mistral’s team of 300, HTEC became the largest tech company in Bosnia and Herzegovina, with more than 600 employees there, The Recursive reports. The

Estonian insurtech Insly raises €1.1M in a bridge funding

Insurtech Insly has completed a €1.1 million bridge funding round, bringing a total of €5.8 million in investments. The existing investors Concentric, Uniqa Ventures, and the angel syndicate Fund Fellow Founders co-financed the startup, Insurance Times reports. Founded in 2014

“One day, Russian APCs came to our village.” Entrepreneur on his life under occupation in Kyiv suburbs

On the first day of the full-scale invasion, the founder of a performance-marketing agency Roman Rybalchenko together with his wife Olga, a friend and their labrador left Kyiv. And found themselves… on a territory which was not under the control

Romanian e-commerce company evoMAG raises €2M from Catalyst Romania

EvoMAG, one of the biggest marketplaces in Romania, has raised €2 million from Catalyst Romania, a local tech venture capital firm, to support its accelerated development, The Recursive reports. Launched in 2005 by Mihai Pătrașcu, evoMag was an IT&C store,

Ukraine ranks third in the world for crypto use

Chainalysis published its third annual Global Crypto Adoption Index, which is aimed to measure where the most people are putting the biggest share of their money into cryptocurrency. This time, Ukraine took third place out of 146 countries due to

Bulgarian job matching platform nPloy raises €2M in funding

The Sofia-based HRtech startup nPloy has raised €2 million in a fresh seed round of funding by the Bulgarian VC firm Morningside Hill. The company develops an online platform for job seekers and recruitment teams, Tech.eu reports. Founded in 2018

Climate startup Arbonics raises €1.8M in a pre-seed funding

The Estonian-based climate startup Arbonics has raised €1.8 million in a pre-seed funding from Taavet Hinrikus and Plural. The startup makes calculating the carbon income of land quicker and easier to help landowner fight climate change, PR Newswire reports. Founded

Ukrainian fintech NovaPay opens a new office in Lithuania

Ukrainian fintech company NovaPay, which is a part of postal operator Nova Poshta group of companies, has opened a new office in Vilnius. As reported by NovaPay, the expansion to Lithuania will allow it to develop financial products not only

Polish startup 1M TRACK raises €211k to make training devices

The Polish sportstech startup 1M TRACK has riased €211,000 (1 million PLN) to create a modular training support device. It is an investment under the Bridge Alfa project conducted by National Center for Research and Development, MamStartup reports. 1M TRACK

Top 10 most active Hungarian VC funds in H1 2022

AIN.Capital has created a ranking of the most active Hungarian VC funds in H1 2022. The ranking includes 10 local backers that together made 28 investments during January 2022-June 2022. Hiventures, Day One Capital, Oktogon Ventures, and PortfoLion topped the list by