ProCEEd #52 > How Russia intercepts messaging apps, Login Startup Fair winners announced, EveryAds sells to Rocket10

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The day’s almost over, but it’s not too late to read the fresh ProCEEd > Newsletter before getting to the last episode of the Game of Thrones (or whatever it is you prefer to watch).

Despite holidays in most of European countries, the first week of May saw a healthy number of tech news from CEE. That includes a bunch of funding announcements from Russia, as well as some exciting stories from the rest of the region.

In addition to that, the LOGIN conference took place in Vilnius, which I attended—and it was good! Make sure to check out the startups that won the competition at the Startup Fair, they’re good as well.

Enjoy the reading and the mostly nice weather, and have a good week!


A 14-year-old kid from Moldova has created a game that brought him $4,500 in the first month

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A Russian hacker is allegedly selling a whopping database of 272 million emails and passwords for less than $1

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Startups & Ecosystems

  • ‘California in Ukraine’ offers Y Combinator-inspired startup incubation program for just $2
  • A 14-year-old kid from Moldova has created a game that brought him $4,500 in the first month
  • Fatmap, Funderful, Deekit, and Bike-ID have become winners at Login Startup Fair in Vilnius
  • Lithuanian startup TutoTOONS has hit 100 million game downloads in 2.5 years – with zero funding
  • Kosovo’s makerspace Bonevet rocks at ICT Awards
  • Lithuanian startup Plag reinvents information spreading
  • Fast-growing Estonian edtech startup DreamApply targets Finland
  • Ukrainian startup Kwambio has unveiled an iOS app and is about to open a factory facility

Funding Rounds and M&A

  • Russia’s Run Capital has led a £1 million seed round in a UK-based satellite data company Rezatec
  • Russian billionaire Alisher Usmanov has invested in InPlat to create new payment ecosystem in Russia
  • Russian investor Mikhail Minkevich has invested in a medical startup Sensoplex
  • Russian billionaire Roman Abramovich has participated in a funding round for Israel-based Via
  • Russia’s Starta Capital will launch a new fund of up to $5 million for its acceleration program in New York City
  • Russian startup EveryAds has been acquired by Rocket10 for $1.5 million
  • Almaz Capital, an international VC fund with Russian roots, has invested in MakeTime again; it has also led a $6.8 million round in mynfo

Bigger Companies

Governments and Policy

  • George Soros has supported an IT education program to train Ukraine’s next-gen engineers
  • A Russian hacker is allegedly selling a whopping database of 272 million emails and passwords for less than $1 (but there’s little reason to panic)
  • “Cybercrime as a service:” Russian malware creator has been sentenced by US court
  • Telegram founder said he suspects the Russian police in the recent hacking scandal

Long Reads


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