ProCEEd #12 (July 13—19, 2015)


The sun is shining over Europe, and the nice weather goes well with a bunch of funding and M&A news stories coming from across CEE. There is also an in-depth story on Croatia’s first VC fund in a long time, as well as an interesting slide deck by Horizon Capital on investing in Ukraine in 2015. Check them out!

Enjoy the reading, and have a shiny week!


Estonian-founded has been sold to Japanese ecommerce giant Rakuten


Horizon Capital has invested an undisclosed amount in leading Ukrainian e-commerce site Rozetka

Startup news

  • Estonian-founded has been sold to Japanese ecommerce giant Rakuten
  • Two Moscow entrepreneurs have raised no less than $2 million to “uberize” beauty industry in Russia and beyond
  • Ukrainian startup Concepter has exceeded threefold its funding goal on Kickstarter for the iblazr² smartphone flash
  • Latvia-based Adaplab has attracted its first investment of €50,000
  • Ukrainian medical startup Vitagramma has entered Indian market through a partnership agreement with Thyrocare
  • Russian startup RetailCRM has raised a $600,000 Series A funding round from Edison.VC
  • Slovak company Infinario has concluded its indie game competition Get Funded:  Fun 2 Robots and TinySOFT received €50,000 in funding each from LRJ Capital

VC news

  • Russia-connected venture funds Titanium and TMT have invested in Israeli mobile “techy concierge” startup Drippler
  • Horizon Capital has invested an undisclosed amount in leading Ukrainian e-commerce site Rozetka
  • Russian-born fund iTech Capital has injected $3 million in social fintech platform TradingView
  • Russia’s Target Ventures has opened office in San Francisco, invested $13 million in P2P lending platform Prosper
  • Russian billionaire Roman Abramovich has invested in Israeli startup Anyclip Media
  • Russia-based Maxfield Capital has invested “up to $500,000” in California-based farming data platform OnFarm


Long reads

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