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Ukrainian entrepreneur Yaroslav Azhnyuk is launching a company to produce FPV drones

Ukrainian entrepreneur and chairman of the board of Petcube Yaroslav Azhnyuk has announced the launch of Odd Systems. It is a manufacturing company specializing in sports FPV quadcopters and components. “As many of us know, the Ukrainian sports FPV copter

Polish mental care app Mindgram raises €2.5M in new funding

Mindgram, a Warsaw-based startup, offering support for employees’ mental health, has raised a €2.5 million round from Smartlink Partners, Market One Capital, Credo Ventures and Portfolion. The financing will allow Mindgram to focus on implementing its global vision. Investment details:

Poland gets a new VC fund, WUT IF. It will support early-stage deeptech startups

In January 2024, Warsaw University of Technology launched a new venture capital fund, WUT IF, to support early-stage deeptech startups in Poland. The fund plans a first close of $5 million, Sifted.eu reports. How will WUT IF operate? We’re offering

Czech-founded Omnetic raises €100M from Kartesia and CVI

Omnetic, a Czech-founded provider of digital tools to boost car dealership, has raised €100 million from Kartesia and CVI. The fresh round will be used for its further growth and European expansion. In this investment round, which was organized by

A new investor is on the way. Interview with Choice co-founder Volodymyr Olyanitsky

Choice (formerly ChoiceQR) is a startup founded by Volodymyr Olyanitsky and Alex Ilyash during the COVID-19 pandemic. It is a platform that develops solutions for HoReCa, a segment of the catering and restaurant businesses. Choice helps to create custom apps,

Lithuanian startups raised €292M and are worth €13.7B in 2023 — Dealroom report

Between 2018 and 2023, the Lithuanian ecosystem’s value grew by an impressive 7.1 times, surpassing both the Baltics and the wider Central and Eastern Europe region. In 2023, Lithuania’s startup ecosystem continued to grow steadily, establishing itself as one of

Tech companies have already laid off 34,000 employees in 2024 due to AI development

Technology companies have already laid off 34,000 employees since the beginning of this year due to the to focus on the development of artificial intelligence. The Financial Times writes about the wave of layoffs in the global tech industry. Microsoft,

Poland’s Aleet raises $1.25M in a pre-Series A round

Aleet, a Warsaw-based technology company specializing in the management of fleet operations, has raised $1.25 million (PLN 5 million) in a new investment round. This funding will accelerate the company’s commercialization across the CEE region. Aleet told the details to

Russians are buying Starlink in the Arab countries – Ukrainian Intelligence

Russian military personnel are purchasing the Starlink terminals in the Arab countries to use them in the war against Ukraine. This is evidenced by radio intercept records published by the Defense Intelligence of the Ministry of Defence of Ukraine. In

“We’re very pro-Ukrainian. Now, I’m in Lviv. This is my choice. And building a company in Ukraine is also my choice”. Interview with Yuriy Zaremba from AiSDR

AiSDR was co-founded by two brothers Oleg and Yuriy Zaremba in August 2023. The startup develops an AI-powered tool that will create personalized email marketing campaigns and arrange meetings with potential customers. At the end of November, the startup received $3 million in