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Estonian startup Ecobase raises €2.5M in a Seed round

Ecobase, an Estonian reforestation startup, has raised €2.5 million in a seed funding round. With the help of the additional financing, the startup’s pan-European afforestation/reforestation (ARR) program will grow, Startup Rise reports. “Ecobase encourages the creation of native, mixed forests

Startup of the Day: Bulgarian-founded company Eilla AI

Eilla AI was co-founded by Nikola Lazarov, Petar Petrov, and Nikolay Babulkov. The company provides an AI platform powering the M&A, VC, and PE deal workflow. It helps to automate mundane tasks and support complex decision-making through the aggregation and

Estonian startup Inspectle Food raises €400k to streamline food inspections

Tallinn-based startup Inspectle Food has raised €400,000 in Pre-Seed funding led by Change Ventures, with the participation from Firstpick and Heartfelt_. The company streamlines food inspections, reduces costs and waste, and ensures safer food for consumers, Tech.eu reports. Who invested

Polish company Tylko gets €7.5M in financing from the European Investment Bank

Warsaw-based next-generation furniture company Tylko has received a €7.5 million financing from the European Investment Bank (EIB), My Company Polska reports. It will enable further work on innovative software for furniture design and visualization. “Long-term support from the EIB, the

Lithuanian Altechna, a laser optics company, acquires Alpine Research Optics

Altechna, a provider of laser optics and optomechanical assemblies from Vilnius, has acquired Alpine Research Optics (ARO), situated in a hub of photonics research and technology in Boulder, Colorado. Both companies plan to triple their income in five years and will

Poland’s fund AVIVO Capital announces three investments worth €5.5M

Warsaw and Palo Alto-based venture capital fund AVIVO Capital has announced three closed investments worth a total of €5.5 million half a year after starting its operations. German startup GRID eSports is one of its new portfolio companies, MamStartup reports.

“Backing early-stage companies in CEE – is sound and viable.” Interview with Presto Ventures

In 2023, the Prague-based Presto Ventures has closed 15 investments, including Outfindo, CityPay.io, and Blindspot Technologies with some deals are still waiting to be announced, making Presto Ventures one of the most active funds in Central and Eastern Europe this

Huge Thing empowers female founders from Poland and Ukraine through a series of programs

Huge Thing, established in 2012 by SpeedUp Group, has prepared a series of four programs educational and developmental programs targeted at female founders, including three editions of the Female Founders Fundraising Academy and the Female Startup Pre-accelerator program, lasting until

Bulgarian startup TokWise raises €3M equity investment led by Encavis

Bulgarian SaaS platform TokWise has raised a €3 million equity investment led by German renewable energy producer Encavis. Bulgarian venture capital firm Vitosha Venture Partners also participated in the deal. As for the startup, the deal will allow TokWise to

Finland’s gametech Noice raises $21M in Series A funding round

Noice, a Helsinki-based live-streaming platform designed for gamers, has raised the closure of its $21 million Series A funding round. The company is supported by entrepreneurs and investors from companies like Unity, Supercell, and Wolt. “We built Applifier’s 250 million