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Czech startup Lakmoos secures €300k in a pre-seed round from Presto Ventures

Brno-based AI market research startup Lakmoos has secured €300,000 in a pre-seed round from Presto Ventures. The investment will be used to scale sales with test kits to 5 industries: banking, automotive, telco, energy, and healthcare.  Imagine you are a company, you have a great

EU fines Apple for nearly $2B following Spotify’s complaint

The European Union Commission has fined Apple €1.84 billion ($2 billion) for abusing its dominant position in the market for the distribution of music streaming apps to iPhone and iPad users through its App Store. This is the first EU fine

Czechia gets its third unicorn after Mews raises $110M in funding

Prague-based hotel management software provider Mews has raised an additional $110 million in funding led by Kinnevik, with participation from Revaia, Goldman Sachs Asset Management, Notion Capital, and LGVP. Following the round, the company’s valuation has reached €1.1 billion in total. Continuing the great work from 2023

Slovak medtech Powerful Medical receives €7.5M from EIC

Bratislava-based medical device manufacturer Powerful Medical has received a €2.5 million grant and a follow-on €5 million investment from the European Innovation Council (EIC). The funding will help the startup to revolutionize its heart attack diagnostics with AI. The impact of our technology

Ukraine’s BRAVE1 allocates $3M for defense innovation

Since its inspection in April 2023, the BRAVE1 Defense Technology Cluster has allocated $3,045,000 for developers creating defense innovations. The cluster has distributed a total of 173 grants, according to Mykhailo Fedorov, Minister of Digital Transformation. TOP-8 directions for grants:

The Ministry of Digital Transformation of Ukraine selects 8 Ukrainian startups for Latvian TechChill

The Ministry of Digital Transformation of Ukraine together with the Ukrainian Startup Fund, YEP Accelerator, Startup Wise Guys, and Techosystem has announced the selection of 8 startups for the Ukrainian delegation to TechChill in Riga. The winners will receive syndicate

Ukrainian startup studio Empat Launches Third Iteration of its Tuition-Free School

Empat School is a totally free online learning platform for students studying technical subjects, launched by Empat. The programme trains skilful and adaptable Full Stack experts who are well-rounded in Frontend, Backend, and Flutter.  This course targets IT students with

Estonian CognitiweAI OÜ secures $1.05M to expand its retail solutions

The Tallinn-based CognitiweAI OÜ has secured $1.05 million funding round led by TechOne VC, Eleven Ventures, Flat6Labs, Domino VC, and Caucasus VC. The investment will accelerate the global expansion of its AI-driven retail solutions. Throughout our journey, while perfecting our product, we have also focused

EIC Accelerator invests €285M in deeptech startups — several are from CEE

European Innovation Council has selected 42 companies to receive funding following the final 2023 EIC Accelerator cut-off in November. Among selected startups are Bulgarian Smart Farm Robotix, Finnish IQM Finland, Slovakian Powerful medical, and more. About the fresh EIC Accelerator program 242

Grammarly co-founders’ net worth drops to $1.9B — Forbes

Forbes has updated the net worth of Grammarly co-founders Oleksiy Shevchenko and Maksym Lytvyn. According to Real Time Billionaires, their shares in the company have fallen by nearly 14%, and each now owns $1.9 billion in assets. Grammarly was founded