Main - page 61

The total value of Ukrainian startups is estimated at €23.3B

The total value of all Ukrainian startups is estimated at €23.3 billion as of November 2022. This is €4 billion less than in 2021, as stated in the Global Innovation Development Strategy from the Ministry of Digital Transformation of Ukraine.

Polish Black Pearls VC exits from Telemedi, selling its stake to Mavie

Black Pearls has announced its third exit this year. The majority stake in one of its portfolio companies, Telemedi, was acquired by Mavie, Austrian healthcare provider. The company will provide strategic support to Telemedi. “I am pleased that with Mavie

Ukrainian IT export revenue can reach up to $7.18B in 2023 — IT Research Ukraine

There are around Ukrainian 307,6k IT specialists, with nearly 242 thousand currently located in Ukraine. In general, Ukrainian IT industry provides for 4.9% of the country’s GDP, according IT Research Ukraine. Lviv IT Cluster conducted and shared the report with

Austrian EnliteAI raises €2M in a seed round

EnliteAI, Vienna-based technology provider for Artificial Intelligence specialized in Reinforcement Learning and Computer Vision/geoAI, has raised €2 million. Breeze Invest, Speedinvest, and Floyd Ventures were among investors. “In 2020, just when the first Сovid wave hit, we decided to do a

Czech startup Digitoo raises €2.3M in a seed round from Reflex Capital

Prague-based fintech startup Digitoo has raised €2.3 million in a fresh seed investment round led by Relfex Capital. This partnership will empower the company to further innovate and elevate its services to a new level. “We’re excited to announce a

Estonian-based Woola raises €2.5M in funding

Woola, an Estonian company that makes protective wool packing, has announced the raising of €2.5 million. The investment led by Metaplanet, joined by Future Ventures and Lemonade Stand. ““We founded Woola to help stop the use of fossil fuels. We

Polish HR tech Staffly raises additional funding from Freya Capital

Warsaw-based HR tech startup Staffly has raised an additional round of financing from the US-based VC fund Freya Capital. The amount of the deal is undisclosed. However, after the round, Staffly valuation has reached €3 million (PLN 13 million), My

GlobalLogic acquires Katzion, an Australian company

GlobalLogic, a Hitachi Group company, has announced the successful completion of the acquisition of Katzion, an engineering firm specializing in applications for the automotive industry. The value of the deal has not been disclosed.

Ride Colibri, Romanian electric mobility company, secures $220k in a pre-seed funding

Ride Colibri has secured $220,000 in funding from 6 business angels, Start-up.ro informed. With the investment, the startup plans to expand to Asia, South America, and Africa. About the startup: The investment round was backed by six angel investor: Paul Robert

Polish e-commerce Boxmarket receives €462k from Tar Heel Capital Pathfinder

Boxmarket, an e-commerce platform dedicated to packaging, has received around €462,000 (PLN 2 million) in a round led by the Tar Heel Capital Pathfinder fund, My Company Polska reports. The company will use the funds to further digitize its processes. “Boxmarket’s