ProCEEd #14 (July 27 — August 2, 2015)

issue14-feat
 

It’s August already, a good time to have some rest and get ready for the hectic and hopefully productive fall. To help you not to get lost in the constant stream of tech news from CEE, here’s a fresh ProCEEd > newsletter. Check out new funding rounds, bigger companies’ news, and events and awards announcements.

Have a good week, and enjoy the summer while it lasts!


issue14-newstory

Lithuanian Practica Capital has invested €200,000 in the new fashion platform Newstory, accelerated in Startup.lt


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Russian-made e-ink YotaPhone 2 is no longer coming to the US due to “unforeseen delays”


Startup news

VC news

  • Lithuanian Practica Capital has invested €200,000 in the new fashion platform Newstory, accelerated in Startup.lt
  • Kirill Podolskiy, founder of Russia’s Anywayanyday, will invest $3 million in Myhomeday.com together with the ex-mayor of Moscow Vladimir Silkin
  • Russian billionaire Roman Abramovich has invested $10 million in Israeli startup Driveway, which earlier attracted $1.6 million from other Russian investors

Bigger companies

  • Romanian antivirus firm BitDefender has admitted a leak of customer data, as the hacker claims that stolen passwords are unencrypted
  • Yandex has announced its financial results for the second quarter of the year, reporting a 14% rise in revenue but a massive 82% drop in net profit compared to the same period last year
  • Russian tech media group Rambler & Co has acquired a 51% stake in RCO, a major software publisher and service provider in the field of computational linguistics and unstructured data analysis
  • Hewlett Packard has announced its decision to suspend production on the outskirts of Russia’s city of St. Petersburg
  • Yandex has launched Yandex.Delivery, an aggregator of service providers delivering goods from Moscow and the Moscow Region to any Russian region
  • Russia’s largest classified website Avito.ru has reported $28.3 million in revenues in Q2’2015, growing 47% compared to the same period last year
  • Russian-made e-ink YotaPhone 2 is no longer coming to the US
  • JD.com has inked a deal with Russian Post and considers selling Russian goods to Chinese consumers

Governments and law

  • Russian taxi companies are seeking the imposition of restrictions on Internet-based taxi providers such as Uber
  • Russia considers banning gay-themed emojis under ‘propaganda laws’
  • Russian government-backed hackers who penetrated high-profile U.S. government and defense industry computers this year used a method combining Twitter with data hidden in seemingly benign photographs

Events and awards

  • Registration to Open Data Fest 2015 in Vilnius, Lithuania, has opened
  • Central European Startup Awards 2015 nomination is now open
  • Zagreb Connect 2015 will take place on November 11–12, the best startups to receive 125,000 kuna (€16,000)

Long reads

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