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Bulgarian VC firm BrightCap leads the seed round in RobosizeME

The Sofia-based venture capital firm BrightCap Ventures has led the seed investment round in RobosizeME, a Czech process automation specialist for the global hospitality industry. The deal is the first investment out of the freshly closed Fund II. About RobosizeME Investment

American bank Mercury stopped services for Ukrainian entrepreneurs — the bank explains the decision

Ukrainian entrepreneurs who have accounts in the American bank Mercury have received letters of termination of service. Ukrainian entrepreneur and founder of Petcube Yaroslav Azhnyuk shared the news on his LinkedIn page. The letter from the bank states that the

Phyron closes €10M Series B investment led by Round2 Capital

Austrian Round2 Capital has announced its further investment in Phyron, expanding its existing relationship with the company. Phyron has closed its Series B round at €10 million, which was led by Round2 Capital and joined by the existing shareholders and

Austrian edtech FoxEducation acquired by German company Sdui

The Vienna-based digital education solutions provider FoxEducation has been acquired by the German edtech company Sdui. With the acquisition of FoxEducation, Sdui strengthens its position as a leading provider of educational technology in German-speaking countries in Europe. About FoxEducation Acquisition

Polish martech startup Digital First AI raises $3.8M to develop AI-powered marketing

The Krakow-based martech startup Digital First AI has secured $3.8 million in funding to enhance its AI-powered platform, which automates the creation of marketing strategies for online campaigns. The funding round was spearheaded by 4growth VC and joined by Plug n Play,

Turkish Metis Ventures enters CEE and appoints Romanian Principal

The Istanbul-based Metis Ventures has entered CEE to invest in 8-10 startups within the next 12 months. Its ticket is up to €3 million for AI-based startups in cybersecurity, finTech, climate tech, and digital health. The fund also appointed Mircea Ghita,

US WP Engine acquires Bulgarian company NitroPack

The Austin-based WP Engine, a global web enablement company providing WordPress products and solutions, has announced its acquisition of the Sofia-based NitroPack, an all-in-one SaaS solution for improving site speed and performance metrics, including Google’s Core Web Vitals. The deal amount was

Romanian .lumen raises €5M from private investors via SeedBlink

The Bucharest-based startup dedicated to enhancing the mobility of the blind and visually impaired, .lumen has raised €1 million from private investors via SeedBlink. Co-investors, including the European Innovation Council and Venture to Future Fund, contributed €4 million. This record

MaPanda, a Ukrainian startup for gamified learning and therapy for children, receives $1.3M

MaPanda, a Ukrainian online tool for gamified learning and therapy for children three to nine years old, has received $1.3 million in investment, AIN reports. This funding was provided by the founder of Bini Games in several rounds of venture

Latvian Merito Partners acquires international e-commerce company Adaptive Media

The Riga-based Merito Management Target Fund II managed by investment company Merito Partners has acquired a controlling interest in international e-commerce company Adaptive Media. The amount of the deal was undisclosed. Adaptive Media is local success story– in ten years, expanding from local projects