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15.12.23

Vienna-based HYDROGRID closes $8.5M round to develop its solution of renewable energy

Austrian HYDROGRID, has announced the closing $8.5 million in a Series A funding to accelerate the international expansion. The round was co-led by Inven Capital and Karma Ventures. “Despite the important role hydropower has to play as a green battery to the grid, hydro

15.12.23

Estonian Arbonics secures €5.5M to scale its forest-carbon removal platform

Tallinn-based Arbonics, the naturetech startup, has secured a €5.5 million in a seed investment from NordicNinja, Plural, and Tilia Impact Ventures. The investment will allow Arbonics to continue scaling its climate change solution. “With this recent funding we’re poised to

15.12.23

The total value of Ukrainian startups is estimated at €23.3B

The total value of all Ukrainian startups is estimated at €23.3 billion as of November 2022. This is €4 billion less than in 2021, as stated in the Global Innovation Development Strategy from the Ministry of Digital Transformation of Ukraine.

14.12.23

Polish Black Pearls VC exits from Telemedi, selling its stake to Mavie

Black Pearls has announced its third exit this year. The majority stake in one of its portfolio companies, Telemedi, was acquired by Mavie, Austrian healthcare provider. The company will provide strategic support to Telemedi. “I am pleased that with Mavie

14.12.23

Ukrainian IT export revenue can reach up to $7.18B in 2023 — IT Research Ukraine

There are around Ukrainian 307,6k IT specialists, with nearly 242 thousand currently located in Ukraine. In general, Ukrainian IT industry provides for 4.9% of the country’s GDP, according IT Research Ukraine. Lviv IT Cluster conducted and shared the report with

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