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Presto Ventures joins €350k pre-seed round for Magic ID

Prague-based VC firm Presto Ventures, along with SFC Capital and angel investors, have joined a €350,000 pre-seed funding round for Magic ID. It provides a digital identity assistant that connects businesses and people who want to trust each other without

Latvian startup and VC Ecosystem overview — Vestbee report

There are more than 500 startups headquartered in Latvia. However, only 360+ of them are registered in the official database of the Latvian Startup Association. And the amount of VC funding provided to these companies is pretty low in comparison

Sofia Angels Ventures joins €9M round for German AI startup Retorio

Retorio, a German AI startup, has secured €9 million in Series A funding round set to strengthen its innovative behavioral intelligence technology, Starbase reports. New investors SquareOne, Porsche Ventures and Storm Ventures, as well as existing backers, including the Bulgarian fund Sofia Angels

Estonian gametech Sisu Group secures €14M in funding

The former founders of Coolbet have established Sisu Group, based in Tallinn. Recently, it has secured €14 million in funding. The round was led by Level Up Entertainment. “Our vision extends beyond mere financial success. Sisu Group’s aim is to create

Ukrainian AI startup Swarmer secures funding from D3 Accelerator

Ukrainian AI startup Swarmer, which has a goal of simplifying drone operations for people with AI, has secures funding from the D3 VC fund and accelerator. Swarmer told AIN.Capital the news. The investment amount is not disclosed. It is known,

Bulgarian NV3 invests €200K in local Ancestral Superfoods

Sofia-based New Vision 3 (NV3) has announced an investment of €200,000 in a Bulgarian foodtech Ancestral Superfoods. This investment includes contributions from over 12 angels and will help to accelerate Ancestral’s development of functional foods and dietary supplements. “We are

Bulgarian startup Icanpreneur raises €830k in a pre-seed round

Sofia-based startup Icanpreneur has closed its pre-seed funding round at €830,000, with a total of raised funding reaching over €1 million, The Recursive reports. Sofia Angels Ventures led the round, joined by MFG Invest along with existing and new business

Estonian cleantech Efenco closes €4.5M round for slashing carbon emissions

Tallinn-based Efenco, the cleantech startup that aims to accelerate the transition to low carbon technologies, has closed a total of €4.5 million, led by Ivo Remmelg for EstBAN Syndicate and grants from the EU’s European Innovation Council, it informed AIN.Capital. The funds

Adobe is selling pro-Russian images on Adobe Stock

Global computer software company Adobe is earning money by selling pro-Russian images on Adobe Stock. The list of images includes maps of Ukraine without Crimea, Donetsk and Luhansk so-called “Republics”, as well as flags of the territories Russia recently annexed

Firefly Aerospace closes 3rd tranche of Series C, reaching $300M of funding this year

Firefly Aerospace, an end-to-end space transportation company founded by Ukrainian Max Polyakov, has announced the closing of the third tranche of Series C round, valuing the company at $1.5 billion pre-money. “We have been successful at raising funds at an increased valuation