ProCEEd #55 > Intel buys Itseez, €1M for Balkan startups, StickerRide raises $3M


How is it going? Welcome to today’s (slightly late) edition of the ProCEEd > Newsletter!

Today’s newsletter is sent out of Amsterdam’s Schiphol airport, while I’m going back home from the TNW Conference. One of the interesting conversations I had during the event in regards to the tech ecosystem of Central and Eastern Europe was the one with Dirk Ahlborn, the CEO of Hyperloop Transportation Technologies. Apparently the startup has far-reaching plans to collaborate with the government of Slovakia, where it’s pledged to build one of its routes.

In addition to that, a firm in Slovakia will be producing the newly announced material, Vibranium, of which the capsules will supposedly be made. It’s really interesting to see whether this collaboration will boost Slovakia’s tech scene.

Now, without further ado, let’s dive in and see what the past week has brought–scroll down and check out the latest headlines from the CEE tech scene.

Enjoy reading, and have a good week!

Intel has acquired Russian computer vision startup Itseez


Hyperloop startup will use Slovakia-made Vibranium for pods


Startups & Ecosystems

  • Vilnius Tech Park will present international development opportunities to Ukrainian startups
  • Ukrainian project MarsHopper has become one of the winners at NASA’s Space Apps Challenge
  • Ukrainian and Russian students have won medals at the ACM ICPC programming championship
  • Russian-founded startup Coub has joined Y Combinator’s summer batch
  • Russian corporates have launched several giant startup investment programs
  • Estonian-founded Transferwise has officially become a unicorn
  • €1 million available for Balkan Startups
  • Russia-founded Life.Sreda has launched a global fund for banks to invest in blockchain startups

Funding Rounds and M&A

  •, a startup founded by a Ukrainian entrepreneur, has attracted more than $450,000 in pre-seed funding
  • Ukrainian agricultural startup Agri Eye has raised $150,000 in funding
  • Co-founders of Russia’s CarPrice have invested $300,000 in Instacarro, their competitor in Brazil
  • Intel has acquired Russian startup Itseez
  • Russia’s Grishin Robotics has participated in a $2.1 million funding round for Planetary Resources, as well as in a $50 million round for Eero
  • GVA Vestor.In, an international venture fund with Russian roots, has investedin the US-based security startup WiActs, as well as a Russian-founded startup Coub
  • AltaIR Capital and I2BF Global have participated in a $2 million funding round for Wellth
  • Russian startup StickerRide has raised $3 million from Winter Capital
  • Startup Locomizer with Russian roots has raised $300,000 in funding
  • Hungarian startup Sybrillo has already raised more than $100,000 for its remotely controlled GoPro accessory

Bigger Companies

Governments and Policy

Long Reads


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