Tech1 - page 34

Kiteworks acquires Austrian Round2 Capital-backed DRACOON

Vienna-based Round2 Capital has announced that the shareholders of its portfolio company DRACOON have come to a definitive agreement for the sale of all shares in the company to Kiteworks. The deal details were not disclosed. “With Kiteworks we have

Startup of the Day: Deskree, Ukrainian-founded no-code cloud infrastructure tool

Toronto-based Deskree was founded by Dmytro Grechko in 2021 as an internal project of Deskree Studio, aiming to address the struggles in finding a cost-effective and efficient solution for backend infrastructure. The number of Deskree users has grown from 300 to 10,000 developers

Bulgarian HR startup nPloy secures €1.8M in a round led by Morningside Hill VC

Sofia-based nPloy has secured €2 million in a fresh seed round of funding by the Bulgarian VC firm Morningside Hill. The follow-on investment is in addition to last year’s €2 million round, which will be used to expand to the Romanian market, The Recursive

Growth, hiring, and compensation trends in European tech — Ravio report

2023 has been a turbulent year for European tech. Startups have had to shift away from “growth at all costs” to a tricky balancing act. They must be agile but also stable, growing yet profitable. People and reward leaders’ priorities

Czech cybersecurity startup Blindspot Technologies raises €1.4M 

Blindspot Technologies, a Czech cybersecurity startup specializing in advanced DDoS protection, has announced a €1.4 million finding round from Presto Ventures, Damir Spoljaric (Gi21), and Prozeta. It will be used to scale up the operations and enter new markets. Blindspot operates a

Poland’s bValue Fund acquires a local cloud & server rovider Hostersi

bValue, a growth equity fund, has acquired a 69% share in Hostersi, Rybnik-based provider of cloud migration and 24/7 cloud infrastructure maintenance services. This is the first significant transaction of the third fund of bValue, AIN.Capital was informed. “The investment in Hostersi

Horizon Capital invests in Ukrainian EdTech company GoIT to support its global expansion

Horizon Capital, a US private equity firm, has announced the investment into GoIT, a Ukrainian-founded EdTech platform. This transaction marks the second investment from Horizon Capital’s latest fund, HCGF IV. “I am delighted to welcome Horizon Capital as part of

Lithuanian pet care startup Boop raises €300k, reaches €3M in valuation

Vilnius-based pet care startup Boop has raised €300,000 in a funding round backed by UAB Globalūs Investiciniai Sprendimai. The funds enable the company to venture into new markets, expanding to Poland and Finland. Boop told AIN.Capital the details of the

Lithuanian toy subscription service Liledu secures €125k from FIRSTPICK VC

Vilnius-based toy subscription service Liledu has secured €125,000 in a funding round from FIRSTPICK VC and angel investors. The funding will help to propel the startup’s growth and enable the testing of its services in new markets, Vilnius TechFusion reports.

“Drones are sexy, but logistics, medical care, software, and communications are crucial.” Interview with Mathias Eklöf, investor in Ukraine’s startups

Ukrainian and European defense tech ecosystem is currently on the rise. In the past two years, a lot of great defense or dual-use-oriented startups have sprung up, however, they still lack structure and organization. Furthermore, the ecosystem right now is