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German UAV manufacturer Quantum-Systems opens a production facility in Ukraine

Munich-based unmanned aerial vehicle developer and manufacturer Quantum-Systems has announced the launch of the second production facility in Ukraine. Over the next two years, the manufacturer will invest €6 million in the plant. About Quantum-Systems and its operation in Ukraine

SoftServe integrates generative AI into its work — predicts a 45% increase in productivity

SoftServe, an American IT company founded by Ukrainians Taras Kytsmey and Yaroslav Lubinets in Lviv, Ukraine, has informed AIN that it starts integrating generative AI into the work of its teams on client projects. Thanks to this, the company expects

Lithuanian fintech Softloans closes a €1M pre-seed investment round led by FIRSTPICK

Vilnius-based fintech startup Softloans has announced to AIN that it has closed a €1 million pre-seed investment round led by FIRSTPICK. The round also saw participation from undisclosed business angels. This investment will support Softloans’ approach to working capital constraints

Poland’s RKKVC joins $40M Series C round for Bcomp, a Swiss cleantech

Bcomp, a Swiss provider of natural fiber composites for the mobility, recreational, and mass transportation sectors, has announced the closure of a $40 million Series C funding round. The round was led by EGS Beteiligungen AG. Verve Ventures, Zürcher Kantonalbank, and

Serbian startup Collabwriting raises €1.1M to expand its collaborative research platform

Collabwriting, a Belgrad-based developer of a collaborative research platform, has raised €1.1 million, according to the Recursive. The round was led by SMOK Ventures and joined by a syndicate including Underline Ventures, Credo, Fiedler, Forthech, Startup Wise Guys, and V7

UAH 25 million for Da Vinci Wolves. A massive fundraising for the battalion of the future

AIN in partnership with KOLO and Shields is launching a massive fundraising campaign to collect UAH 25 million for the purchase of technological equipment for the separate “Da Vinci Wolves” battalion. Our goal is to provide the battalion with night

“The Nordics are our home, but we take on a global front in spotting the unexpected.” Interview with Venla Väänänen, Maki.vc

Founded in 2018 by Ilkka Kivimaki and Pirkka Palomäki, Maki.vc is one of the most active Nordic seed-stage VC firms. The fund focuses mainly on deeptech, commercial products, commercial services, consumer food products, healthcare technology systems, AI, ML, and technology

Poland’s bValue closes its €90M Growth Fund

bValue, a Polish growth equity firm, has announced the closure of a new €90 million Growth Fund focused on investments in scaleups from Poland and the CEE region. bValue Growth Fund (BVG) was supported by the European Investment Fund (EIF). bValue’s

Latvian fintech inGain raises €650k from Trind VC and Fiedler Capital

Riga-based startup inGain has informed AIN about raising €650,000 in a funding round from venture capital funds Trind VC and Fiedler Capital, as well as from the Latvian Business Angels network and several business angels. Let’s take one of our clients as an example. It is

Nova Post opens a new office in Czechia — investments in the country amount to €400,000

Nova Post has opened its fourth branch office in the Czech Republic, which will be located in the city of Liberec. This is the third Czech city where an office was opened, the press release states. In a comment to