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Ukrainian employers to be fined $2,400 for specifying gender in job openings

From January 8, 2022, amendments to the advertising legislation will come into effect, according to which employers may be fined for specifying a certain gender in their job openings (for women only or for men only). Where does this change

Estonian Ridango acquires LIT Transit, Slovenian firm providing IT solutions for public transport

Ridango, a Tallinn-based company specializing in the development of systems for public transport ticketing as well as payments solutions, has acquired a 100% stake in Slovenian LIT Transit. The parties do not disclose the financial details of the deal. Now the

Richard Branson’s Virgin Orbit invests $30M in Polish nanotech SatRevolution

SatRevolution, a Polish developer and manufacturer of nanosatellite technologies, has secured a $30 million Series B round from Virgin Orbit, pushing its valuation to approximately $150 million. The deal is expected to complete by the end of the first quarter of

Tax authority fines startup for $95.4k forcing company to move to the UK

The Ukrainian startup MySales Labs, the developer of retail sales forecast solutions, announced a ₴2.6 million (approx. $95,400) penalty from the State Fiscal Service of Ukraine. The founder Alexey Ivasyuk said the Fiscal Service made a mistake, and this penalty

Lokalise, a Latvian localization and translation management platform, secures $50M in Series B

Lokalise, a platform for continuous localization and translation, has raised $50 million in Series B funding led by the venture capital firm CRV. Creandum, Dawn Capital, as well as existing investors including Chalfen VC, 3VC, S16VC, and several business angels

Estonian fintech startup Raison raises $900k seed round

Raison, an Estonian late venture investment marketplace, has raised $900,000 during a seed round. The company is now valued at $11.5 million. Server Partners led the round, The Baltic Times reports. Founded in 2017 by Alexander Zaytsev, Andrey Berezin, and Andrey Kononykhin,

Lithuanian lending marketplace for farmers HeavyFinance raises $1M

The Vilnius-based startup that creates a fintech marketplace connecting farmers to investors called HeavyFinance has raised $1 million. The seed round was led by Poland’s Black Pearls VC with participation from bValue, Startup Wise Guys, as well as business angels, Tech.eu

Lithuanian game developer Nordcurrent acquires Ukrainian game studio RinGames

The largest Lithuanian game developer and publisher, Nordcurrent, has acquired a Ukrainian Dnipro-based mobile game studio, RinGames. The companies have not disclosed the amount of the deal, but it is known that this is the second Ukrainian studio acquired by

Warsaw-based healthtech Higo Sense raises €5M

Higo Sense, a Polish digital healthcare provider, has raised €5 million in Series A investment. The round was led by Cogito Capital Partners, as well as existing early-stage investors, EU-Startups reports. Founded in 2017 by Lukasz Krasnopolski, Higo Sense develops

Ajax Systems to open R&D office in Lviv

Ajax Systems, a Ukrainian developer and manufacturer of security systems, will open its fourth R&D center in Lviv. The company plans to create a team of 20-25 professionals in the new office in a year, Ajax reports. The new office