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Atomic Heart’s backer GEM Capital to invest $45M in CEE. It is a Russian fund founded by ex-Gazprom

GEM Capital, a Cyprus-based investment firm, has just announced its plans to invest $45 million into gamedev across the CEE region. As AIN.Capital learned, it is a Russian fund founded by Anatoly Paliy, who previously worked at Gazprom, a state-owned

Finnish Kamupak and Swedish &Repeat announce the merger

Kamupak, a Helsinki-based provider of reusable packaging solutions, has announced the merger with Swedish impact tech startup &Repeat. With the merger, the new company will strengthen its capabilities to help the restaurant industry meet the new upcoming EU regulations. About

How to Web 2023 offers record prize of €780k to startups in Eastern Europea

How to Web 2023 has unveiled an investment prize of record scale — €780,000, offered to 40 early-stage startups from Eastern Europe. Credo Ventures, SMOK Ventures, Fiedler Capital, Underline Ventures, Fortech Investments, SeedBlink, and super angels — all joined forces

Danish weight loss app Embla raises €10M. Polish Inovo VC is among the investors

Copenhagen-based Embla, an online-based health clinic focusing on holistic coaching and medical treatment of obesity, has raised a €10 million Series A to expand to the British market. The round was co-led by Danish Seed Capital and Polish Inovo VC,

Business Angels Fund exits Energia Futura, a Lithuanian solar energy company

Lithuanian Business Angels Fund has announced the exit from Energia Futura, the Kaunas-based provider of professional solar energy solutions. According to the fund, the investment has fully fulfilled its mission. “We very much appreciate the Business angel, who joined us in

Dutch-Estonian fintech Change is acquired by Andromeda Capital

Change, a fintech company founded by the Dutch and Estonian entrepreneurs, has been acquired by Andromeda Capital, a Swiss private equity firm. The majority stake acquisition will support the company’s global expansion plans, Tech.eu reports.

“We raised $2.5 million during the war.” Interview with Zibra AI co-founder

Last week, it was reported that the Ukrainian deep-tech company Zibra AI raised $500,000 from the Speedrun accelerator launched by Andreessen Horowitz (a16z). This is the very first round for startups in the accelerator. Interestingly, Zibra AI was the only CEE company

Startup of the Day: Indonesian fintech Finfra, founded by two Baltic natives

Indonesia-based Finfra, the one-stop shop for companies, was founded in 2022 as a consumer lending company. The startup enables under banked businesses and non-financial digital platforms to embed financial products and services, particularly credit lending, into their distribution channels. In 2021,

Ukrainian medtech startup DrugCard secures new investment round

Ukrainian-founded medtech startup DrugCard has raised a new round of investment. Dmytro Gorilik, the startup’s co-founder and CEO, shared the news with AIN.Capital. DrugCard is a Ukrainian medtech startup. The team is creating a platform for automatic monitoring of medical

AliExpress blocked Ukrainian streamer for “promoting violence.” He talked about the war

Before the start of the full-scale invasion, Dmytro Romashko, a Ukrainian blogger, streamed on the AliExpress platform. Since February 2022, Dmytro tried to tell subscribers about the war, and after that was banned almost immediately. The editorial staff of AIN.Сapital