ProCEEd #5 (May 25—31, 2015)


The past week saw more than $5 million in venture funding deals, as well as a few interesting stories and opinions. One of them is about Lithuania’s new regulation regarding geo-blocking in the Internet: while aimed at limiting the presence of foreign gambling sites in the country, it has sparked a discussion regarding the freedom online.

In other news, the developer of Mandriva, an OS from the Linux family, has gone out of business. According to Russia’s CNews, all the development activities were moved to Russia much earlier, so the current bankruptcy was a planned procedure.

Check out what else has happened over the last seven days below, and have a good week!


Lithuania has approved a new regulation that blocks access to certain websites in the country on the ISP level


Mandriva has filed for bankruptcy in France and moved all development to Russia

Startup news

  • Belarusian-born PandaDoc has secured more than $2 million in funding
  • Slovenian startup ULU has attracted €500,000 from Chinese Fang Group
  • Estonian farm management startup VitalFields has raised further $1.2 million in funding
  • Lithuanian startup Widerfi has joined MassChallenge, the world’s largest accelerator
  • Czech startup Skypicker has developed an algorithm that finds discount flight tickets ‘hidden’ on airline websites
  • Russian startup LinguaLeo has attracted $500,000 in funding from Social Discovery Ventures and Runa Capital

VC news

  • Russia’s Qiwi Venture has invested $150,000 in mobile payment app AnyBalance
  • Russian-Israeli startup Medviser has received $500,000 in funding from Russian oligarch Roman Abramovich

Bigger companies


Long reads

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