ProCEEd #61 > Avast acquires AVG for $1.3B, Noosphere buys Ask.fm, VisionLabs raises $5.4M

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The past week’s biggest tech news stories in CEE were arguably the deals in which Avast bought its rival AVG, and Ukraine’s Noosphere Ventures acquired the Latvia-founded Ask.fm. The former deal valued AVG at $1.3 billion, while the amount of the latter wasn’t disclosed.

In other news, a few startups have raised sizeable funding rounds, some other made a bunch of announcements—mostly business as usual, check it out below.

Enjoy reading, and have a great week!


Czech Republic-based Avast Software has acquired AVG for $1.3 billion

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Noosphere, a VC fund with Ukrainian roots, has bought Ask.fm

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Startups & Ecosystems

  • Ukrainian-made web browser for developers Blisk has been released for Mac OS
  • Four Russian startups—LiveCatalogue, BikesBooking, Real Speaker, SnapSim—will move to Ireland and receive €50,000 in funding each from Enterprise Ireland
  • Russian startup Blackmoon has launched its online lending platform in the US
  • Russia’s Fibrum goes head-to-head with Google in virtual reality
  • Ukrainian startup Roopor turns heads at Publicis contest, receives €100,000 in funding
  • Ukrainian startup Sixa has joined the latest batch of Y Combinator
  • Big Data startup Knoyd has launched a data science bootcamp BaseCamp in Vienna, Austria
  • The OIFF Digital Media Day will be held in Odesa, Ukraine, on July 22

Funding Rounds and M&A

  • Czech Republic-based Avast Software has acquired AVG for $1.3 billion
  • VC fund with Ukrainian roots Noosphere Ventures has bought Ask.fm
  • Ukrainian-American Rallyware has raised $675,000 from Digital Future, WannaBiz, Lighter Capital, and Nick Bilogorskiy
  • Russia’s Doc+ has raised $5.5 million in funding from Yandex and Baring Vostok
  • Oscar Hartmann, the founder of CarPrice and KupiVip, has invested €1 million in Russia’s CarFix
  • Sistema Venture Labs has poured $5.4 million into VisionLabs in exchange for a 25 percent stake
  • Russia’s Sberbank has invested in Uber through its SBT Venture Fund I
  • Polish serial entrepreneur Dariusz Miłek has acquired a 15 percent stake in the 3D printing startup Zortrax for some €10 million
  • BikesBooking, a Russian startup with global ambitions, got a pre-seed investment of €50,000
  • Bulgaria’s Netinfo buys 20% of shopping catalogues platform Broshura.bg owner
  • Orange Moldova has acquired the cable operator Sun Communications

Bigger Companies

  • Russia’s Yandex will launch a cloud platform similar to AWS
  • Slovakia’s Eset has filed a lawsuit against Russia’s telco authorities for refusing to include its products in the register of Russian software

Governments and Policy

  • Bulgaria goes all open source on its government
  • Russian parliament has passed the “Big Brother law,” Internet and telecom industry expects hard times
  • Ukraine’s President Petro Poroshenko has promised a better business climate for the local IT community
  • Mass surveillance makes encryption ‘essential’ for activists in Belarus

Long Reads


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