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Quantum Systems secures €63.6M to build R&D center in Ukraine

Quantum Systems, a German aerial data intelligence company, has secured €63.6 million in Series B funding, led by HV Capital and DTCP, Bloomberg reports. The funds will allow the company to increase the drone production, as well as build a manufacturing and Research

Startup of the Day: myTU, Lithuanian mobile banking platform 

Founded by Raman Korneu and Tomas Navickas, myTU is a digital banking platform. It offers payment and loyalty solutions for private consumers and business clients with focus on travel and hospitality industry. The startup has already boasted over 25,000 customers. In

“We want to be involved in Ukraine’s startup ecosystem.“ Interview with Maciek Balsewicz from bValue

Recently, AIN.Capital made the ranking of the 20 most active Polish VC funds in 2023, bValue was among them. It has already done 4 investments this year, including Innential, Wellbee, and noo.ma. In March 2023, bValue Fund II fully exited its portfolio company Renters.pl,

Finland’s Wirepas raises €20.7M to build low-cost wireless IoT networks

Wirepas, a Tampere-based company building scalable fail-proof IoT networks, has raised €20.7 million in a funding round led by Highland Europe. Amalfi and IQT also joined the round, along with existing investors ETF Partners, KPN Ventures, Vito Ventures, and Vesa

Finnish climatetech Kausal secures €880k funding

Helsinki-based Kausal, a climatetech platform, has secured a €880,000 funding round to boost its sales and marketing in the DACH region and North America, Tech.eu reports. The investment came from Innovestor and Zubi Capital. “Kausal’s diverse clientele, spanning cities and governments worldwide, actively

Polish startup Teleradius secures €337k from Tar Heel Capital Pathfinder

Wrocław-based startup Teleradius has secured around €337,000 (PLN 1.5 million) from Tar Heel Capital Pathfinder and a private investor, Maciej Woźniczak. The investment will enable easier access to diagnostic imaging services helping both health facilities and patients, MamStartup reports. “The

Serbia-Estonian OTA Sync closes a €1.3M seed round led by Presto Ventures

Tallinn-based OTA Sync, a hospitality tech startup has closed a €1.3 million investment led by Presto Ventures and joined by Katapult Accelerator, TS Ventures Fund, DSI Group of Business Angels, Startup Wise Guys, and California Expert Fund DOJO. “This is

Toloka.vc to invest $1M in Ukrainian NewHomesMate. It shares details of this and other deals

On October 17, a Ukrainian venture capital syndicate, Toloka.vc, finally closed a nearly $1 million investment in Forta Health. This American medical service helps treat autism by researching and deploying AI-powered clinical programs. Now, the investors are working on a

Latvian car-sharing OX Drive raises €2.8M for fleet expansion

Latvian startup OX Drive, a car-sharing platform for Tesla cars, has raised €2.8 million as part of the investment agreement with Industra Bank to expand its fleet of electric cars. The funding will increase the number to up to 200

“It’s a tough market, but it’s a good time to invest right now.” Interview with Tera Ventures

Since the start of 2023, Tera Ventures has made several headlines by investing in breakthrough startups like Estonian fintech Cino, Estonian legaltech Avokaado, and Polish-founded AI Clearing. This led us to include the fund in the 19 most active Baltic