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Lithuanian customer loyalty startup Boomio raises €550k for European expansion

The Vilnius-based startup Boomio has raised €550,000 in a follow-up funding round to improve the customer loyalty market. Lighthouse Ventures is the lead investor, EU-Startups informs. Boomio was founded in 2021 by Jonas Davalga and Adomas Urbanavicius. It develops a sales growth,

Estonian blockchain startup Redstone secures $7M from Lemniscap 

Redstone, the Estonian decentralized finance oracle provider, has secured $7 million in a seed funding. The investment firm Lemniscap is the lead investor in this round, The Block reports. Founded in 2021 by Jakub Wojciechowski, Redstone is a Web3 startup

ELEKS launches a new office in Croatia

Global software provider ELEKS has launched its first delivery center in Split, Croatia. As the company claims, a new office will strengthen its regional presence and boost partnerships with new clients in South Eastern Europe.  The decision to expand our

Polish e-commerce startup Digital First AI raises $1.1M for global expansion

The Rzeszów-based e-commerce startup Digital First AI has raised $1.1 million in pre-seed funding for the further global expansion. Its platform helps marketers to execute digital strategies, using the AI technology, MamStartup reports. Grzegorz Gracz, Rafał Tromczyński, and Michal Tokarski,

No bullshit culture at a startup – how it works for Ukrainian Mate academy during wartime

Mate academy is an ed-tech start-up which aims to help people learn coding via its own technological platform. Before the full-scale Russian invasion, the company’s total headcount was about 60 people; after February 24, it has been doubled. No bullshit

Startup of the Day: Lithuanian influencer marketing automation tool Agenic

The Vilnius-based startup Agenic develops the influencer marketing campaign automation platform. It was launched in August 2022 by Tomas Vasiliauskas and Viačeslavas Ruckis, and has already raised €120,000 investment for the product’s functionality expanding. In the Startup of the Day column, co-founder and

Finnish circular economy startup Innomost secures €1M

Innomost, the Helsinki-based circular economy pioneer, has secured a €1 million in a bridge funding to take its global growth plan to the next level. The company ethnically produces raw ingredients for cosmetics and pharmaceutics. Founded in 2016 by Sami

Polish fintech BLIK acquires VIAMO, Slovak mobile payment platform

The Warsaw-based fintech company BLIK has acquired VIAMO, a mobile payment platform from Slovakia. It is a 100% purchase agreement for an undisclosed amount. The deal is an important step in international development for BLIK, MamStartup reports. Founded in 2014,

Finnish Tracegrow gets new funding from Nordic Foodtech VC

The Finnish cleantech startup Tracegrow has secured a new funding round from Nordic Foodtech VC to fuel the expansion of its operations. The companies do not disclose the amount of funding, but it brought the total sum to €2.5 million,

Polish foodtech startup Planeat raises new €230k funding

Planeat, a Polish foodtech startup, has raised a €230,000 investment from business angels, to produce meat alternatives. With the funding, the startup will increase its production capacity and expand its distribution network, MamStartup reports. Founded in 2020 by Andy Staniek