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Scanderia Venture invests €725k in three projects

The Polish venture capital fund Scanderia Venture has invested €725,000 (3.44 million złotys) in three R&D projects: JustBee, ProSpeed ​​Energy, and AlterBioTech. Each of them operates in life science and healthtech industries, MamStartup reports. Starting in 2018, Scanderia Venture Fund

Grid Dynamics opens a new office in Warsaw

Grid Dynamics strengthens its presence in Poland with a new office in Warsaw. This is the company’s fourth location in the region after Krakow, Wroclaw, and Gdansk. In Warsaw, the company plans to hire several hundred specialists by the end

Estonian GuestJoy acquired by SideMinder

The Estonian hospitality tech startup GuestJoy has been acquired by the Austrian company SideMinder. It is one of the world’s premier open hotel e-commerce platforms. The companies do not disclose the amount of the deal, Silicon Canals informs. Founded in

Fintech startup from Ukraine Fairo attracted €2M

Fairo, an international fintech startup that develops financial management and accounting services, has raised €2 million from its existing investor Raiffeisen Bank International. The team developed a mobile application and launched it in Ukraine in 2020, and is now expanding

Inovo VC launches new €100M third fund

The Warsaw-based investor company Inovo Venture Partners has launched a third fund with €100 million in assets. The fund is aimed at supporting CEE-based tech companies with global potential, Silicon Canals writes. “We see an increasing interest of international investors

Estonian Ready Player Me gets €56.4M from a16z

Ready Player Me, a Tallinn-based cross-game avatar platform, has secured €56.4 million in a Series B funding round led by Andreessen Horowitz. Other notable investors include David Baszucki (co-founder of Roblox) and Justin Kan (co-founder of Twitch), Silicon Canals reports. Founded

Polish railway tech SP Tech Solutions receives €1M

The Poland-based railway technology startup SP Tech Solutions has received around €1 million (5 million złoty) in a new financing round. SpeedUp Bridge Alfa and Pomerangels participated in the investment to improve rail transport, MamStartup writes. Founded in 2019 by

Unfold.vc invests €210k in AgronetPRO

Unfold.vc has invested over €210,000 in a Polish agritech startup AgronetPRO. The funding will help to develop a system allowing to control crops in large areas with sensors reporting data to mobile devices every two minutes, MamStartup reports. Founded in

Top 15 most active Baltic VC funds in H1 2022

The Baltics — Estonia, Latvia, and Lithuania — is one of Europe’s most exciting startup regions. For the last ten years, its startup ecosystem has grown from nonexistence to over 5,000 startups, including 12 unicorns. The story is the same with the regional

Ukraine’s meta lending protocol Everlend raises €2.5M

Everlend, the Ukrainian meta lending protocol, has raised €2.5 million in a strategic round of funding. The investors include GSR, Serum Foundation, Everstake Capital, Portico VC, and several angel investors, Silicon Canals reports. Founded in 2021, Everlend is a decentralised