ProCEEd #53 > Brainly raises $15M, Google’s fine delayed, Estonia’s “Skype effect”

proceed53-feat
 

Welcome to the latest edition of the ProCEEd > Newsletter!

Check out twenty-five headlines that will bring you up to speed with the pace of tech industry in Central and Eastern Europe. This time we have two major funding rounds for Lithuanian and Polish companies, a bunch of startup announcements, as well as a few feature stories from different parts of the region.

Enjoy reading, and have a good week!


Kaunas-made HomeToGo has raised a $20 million Series B round

proceed53-hometogo


Polish startup Brainly has closed a $15 million Series B funding round

proceed53-brainly


Startups & Ecosystems

  • Fatmap, the winner of LOGIN Startup Fair, will establish a company in Lithuania
  • Ukrainian startup Pixpie claims to make content loading four times faster to enhance mobile apps
  • First European Space Agency (ESA) business incubator focused on space technologies in Central and Eastern Europe has been opened in Prague

Funding Rounds and M&A

  • Kaunas-made HomeToGo has raised a $20 million Series B round
  • Polish startup Brainly has closed a $15 million Series B funding round
  • Russia’s Bimbasket has raised funding from Sattva Foundation in exchange for a 20% stake in the company
  • Russian startup ParkApp has raised $500,000 in funding from Boris Zhilin
  • Budapest-based startup SignAll Inc. received €1.5 million to finalise its software that translates the American Sign Language
  • Russian-founded Sistema Asia Fund has participated in a $12 million Series B funding round for Seclore
  • Target Global, an international venture fund with Russian backers, has led a $24 million funding round for Israel-based Zooz
  • Russian biomedical company Viriom has received €4 million from the Skolkovo Foundation and KhimRar

Bigger Companies

Governments and Policy

Long Reads

 


Subscribe to ProCEEd > Newsletter today!



You may also like...