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War in Ukraine / May 3

The Molfar team sends a daily newsletter about the war in Ukraine. The editorial staff of AIN.Capital publishes the full version of the digest. You can subscribe to the newsletter here. Oil embargo against Russia The European Commission has developed a sixth package

Estonian fintech platform Reiterate raises €1.25M

The Tallinn-based fintech startup Reiterate has raised €1.25 million from Hummingbird Ventures. It aims to automate cost and revenue intelligence for transactional businesses, Tech.eu reports. Founded by the engineering-sales duo Jonathan Samuel and Jaan-Aaron Vahlberg, Reiterate develops a platform that visualises

Ciklum opens a new delivery center in Bulgaria

Ciklum, global digital product development and digital services company, has opened a new delivery hub in Bulgaria. The development center in Sofia expands the company’s presence in Eastern Europe. “Eastern Europe talent is a key cornerstone in the global digital

Lithuanian fintech kevin. raises $65M in Series A funding

The Vilnius-based fintech startup kevin. has raised $65 million in Series A funding. The round was led by Accel, with participation from Eurazeo and all existing investors, including OTB Ventures, Speedinvest, Open Ocean, and Global Paytech Ventures, FinSMEs reports. Founded

War in Ukraine / May 2

The Molfar team sends a daily newsletter about the war in Ukraine. The editorial staff of AIN.Capital publishes the full version of the digest. You can subscribe to the newsletter here. May 9 is an important day for Putin Ukraine and the world

Estonian startup Vocal Image App receives €160K

The Tallinn-based Vocal Image App has won €160,000 in the TechChill 2022 pitch competition called Fifty Founders Battle. The startup got €150,000 funding from Depo Ventures and €10,000 in cash from TechChill, Silicon Canals reports. Founded in 2021, Vocal Image

Alphamoon raises €2.1M to help companies automate document processing using AI

Alphamoon, a Wroclaw-based startup developing an AI-based platform for document automation, has raised €2.1 million in seed investment led by Sunfish Partners.  Launched in 2017 by Adam Gonczarek, Paweł Świątek, and Norbert Raus, Alphamoon’s platform helps companies extract data from documents in

Riga-based robotic technology company Aerones raises $9M in seed funding

The Latvian robotic technology developer Aerones has raised $9 million in seed funding round. The company plans to use the proceeds further accelerate the global scaling of robotic wind turbine maintenance and inspection. Founded in 2015 by Dainis Kruze and

War in Ukraine / May 1

The Molfar team sends a daily newsletter about the war in Ukraine. The editorial staff of AIN.Capital publishes the full version of the digest. You can subscribe to the newsletter here. More than 20,000 civilians were killed in Mariupol During the two months

Intetics to open SoftDev office in Armenia

The outsourcing tech company Intetics has announced the opening of a new office in the capital of Armenia, Yerevan. The opening is planned for June 2022. Meanwhile, the premises are under renovation. The office will be located in the city