ProCEEd #33 > Lithuanian Vinted raises $27M, 20 tons of smartphones seized in Russia

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The last seven days have brought us a number of funding news stories, including the $27 million round for Lithuanian-founded Vinted and a few smaller ones. Make sure to check out a bunch of end-of-year reports and interviews, as well as the somewhat surreal story of 20 tons of phones being held in a Russian airport.

With the holiday season approaching, ProCEEd > Podcast takes a break until mid-January, while the newsletter will be sent out for two more weeks.

Enjoy reading, and have a great week!


Lithuanian startup Vinted has scored $27 million to become the first choice for second-hand shopping

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20 tons of black market smartphones have been seized at the Pulkovo Airport in St Petersburg

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Startup news

  • Russian startup Skillaz has raised €160,000 in funding
  • Lithuanian startup Vinted has scored $27 million to become the first choice for second-hand shopping
  • PioneersKyiv: App CRM startup walks away with first prize, industry experts discuss startup risks and post-war entrepreneurship
  • Russian startup N-Tech.Lab has won the world championship in face recognition MegaFace Benchmark

VC news

Bigger companies

  • IKEA Russia has launched a startup accelerator
  • Yandex has released its Launcher, previously available in Latin America only, to Russian customers

In other news

  • Innoventure wants to help Polish scientists take their scientific breakthroughs to the market
  • Vilnius will host the Baltics’ largest bitcoin and blockchain conference in April
  • Russia’s development of its Glonass global navigation system is nearing completion and it is now undergoing final tests at the Defense Ministry
  • 20 tons of black market smartphones have been seized at the Pulkovo Airport in St Petersburg, Russia

Governments

Long reads

Image credit: Mantas Volungevicius

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