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Financial Model of a Startup – Investors’ Outdated Legacy Requirement or an Effective Management Tool? — guest column

Oleksandr Matsiuk, Founder & CEO of RiseGuide by venture builder SKELAR, in a guest column for AIN, talked about why startups and investors need a financial model, how to draw it up correctly, and what to avoid while doing it.

Bulgarian startup Krik.bg raises €350k in funding

Krik.bg, a Sofia-based dealer in second-hand auto parts, has raised approximately €350,000 in funding from Sofia Angels Ventures and Vitosha Venture Partners Fund I. Krik.bg aims to accelerate its expansion into new international markets. Our partnership signifies our confidence in the company’s

Finnish foodtech Onego Bio secures €37M in a Series A round

Onego Bio, a Helsinki-based food-biotech company, has announced its fresh €36.5 million Series A funding round. The investment was led by the Japanese-Finnish NordicNinja VC, and included equity investments from Tesi and EIT Food, as well as existing investors Agronomics,

Russian military companies use cryptocurrency to avoid sanctions — the WSJ

Russian military companies manage to circumvent Western sanctions and purchase weapons and drone parts for their war in Ukraine using cryptocurrency. The Wall Street Journal has reported on the matter. Key points Meanwhile, the U.S. Treasury Department pressures Congress to pass

In February 2024, the volume of Ukrainian IT export reached $518M

In February 2024, the volume of IT export from Ukraine amounted to $518 million, according to the report of the National Bank of Ukraine. The number is the second lowest in two years. Partner country The volume of IT services

Best Countries for Export: Which Markets Ukrainian Manufacturers Choose in 2024 — guest column

In a guest column for AIN, Andrii Matiash, Managing Partner at the 4B Law Company, that specializes in supporting Ukrainian entrepreneurs abroad, discusses which countries our manufacturers most frequently choose to expand their businesses. Ukrainian businesses are currently facing challenging

Finland’s Benjamin Capital Partners raises $5.5M for its cash rewards app

New York and Oulu-based Benjamin Capital Partners has raised $5.5 million to invest in its cash rewards business built around the Benjamin app. The seed round was co-led by Play Ventures and F4 Fund, and others angel investors. We are delivering audience to these

Inven Capital co-leads a $14M investment for Scottish company Ember

Ember, a Scottish company building all-electric intercity bus networks in the UK, has raised $14 million (£11 million) in a Series A round to expand across the entire country. The investment was led by the Czech VC firm Inven Capital, 2150, and AENU, with participation

Startup of the Day: Dataisland, a Ukrainian assistance for CRM systems

Dataisland was founded in 2023 by Ukrainian Mykola Dorofii, later joined by Pavlo Pikulin as an advisor. Currently, the startup team has 15 employees, with its headquarters located in London. The startup develops a virtual AI assistant that integrates with CRM systems

Finnish startup Lumoa is acquired by Netigate

Lumoa, a Finnish customer experience platform, has announced its acquisition by Netigate, a Swedish company developing management solutions. The unity of two companies will transform experience management in Europe. The amount of the deal is undisclosed. The deal amount was