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Mass layoffs after the huge party. What’s going on inside GoStudent, the Austrian $3 billion edtech — investigation by Insider

GoStudent, an edtech unicorn that now is valued approximately €3 billion, was the subject of Insider’s investigation into teacher vetting issues, office closings, and legal issues within the company. AIN.Capital selected the most interesting facts. About GoStudent GoStudent laid off 25%

Change Ventures invests in Drovo, a UK-based adtech startup

Drovo, a London-based programmatic transit advertising platform, has raised a £3 million Series A round. Change Ventures joined the round alongside the lead investor, Maven Capital Partners, as well as Caygan Capital, Venturian Funding & Investment Group, and Growthdeck. “The resourceful founder duo of Artjom

Polish startup Nevomo wins €10k during The Business Booster 2023

Warsaw-based deep tech startup Nevomo has secured the first place during The Business Booster 2023 pitching sessions and won €10,000 in prize money. The startup develops the next generation of high speed railways — the MagRail system. “It was incredibly

Czech medtech Vitadio secures €3M to improve digital therapeutics

Prague-based medtech startup Vitadio has closed a €3 million investment round led by Theras Group and Jafam Holding. The company is behind the world’s first prescription digital therapeutics for type 2 diabetes with full coverage from a national reimbursement system. “We will

Startup of the Day: CallPage, Ukrainian-founded pop-up phone widget developer

CallPage was founded in 2015 by three Ukrainians: Ross Knap, Andriy Tkachiv, and Serhiy Butko, who moved from Ukraine to Poland at different times and for different reasons. The startup’s flagship product is a contact widget that allows to track

Bulgarian startup Fabrico secures €680k investment

Bulgarian maintanance management startup Fabrico has announced the closing of its investment round at €680,000. The round was backed by Vitosha Venture Partners, Sofia Angels Ventures, Innovation Capital, as well as several experienced angel investors. “The digitalization of maintenance is

Russian tycoon claims he is behind Forbes purchase. Regulators are investigating the deal — Washington Post

In May 2023, it became known that Forbes Media Holding found a buyer. It was Austin Russell, the founder of Luminar, a company with a capitalization of more than $1.5 billion, which makes lidars. However, as AIN.Capital found out, the

Latvian biotech SpirulinaNord closes €600K funding round

SpirulinaNord, the startup that provides drinks from microalgae spirulina, has closed a €600,000 funding round. It plans to build a new biotechnology production facility and increase production capacity. SpirulinaNord’s plans after the investment:

Polish sustainability startup EcoBean secures €7M in funding

Warsaw-based sustainability startup EcoBean has secured a €7 million investment round as a result of qualifying for the European Funds for a Modern Economy (FENG) program, My Company Polska reports. The startup processes used coffee grounds into sustainable bio-based raw

Vestbee launches CEE Startup Challenge. The winners will receive up to €250k

Vestbee has announced its annual CEE Startup Challenge, where startups can get access to over 200 VC funds and €250,000 of investment. The selected startups will also receive an invitation to CEE VC Summit 2024. Companies can apply to participate in Vestbee’s