ProCEEd #62 > Uber leaves Hungary, Pokémon Go in CEE, YouDo secures $6.2M

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Welcome to today’s edition of ProCEEd > Newsletter, where you can catch up with the most significant tech news stories in Central and Eastern Europe.

Pokémons aside, the past week has brought a couple major funding announcements totalling at some $10 million, as well as significant policy-related stories. Scroll down to check out what’s happened.

Enjoy reading, and have a good week!


Findo, a US-based AI startup with Russian roots, has raised $4 million in funding—only six weeks after announcing another, $3 million venture deal

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Ride-hailing app Uber is pulling out of Hungary after the introduction of tough new laws by prime minister Viktor Orban which the company said put its drivers at risk

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Startups & Ecosystems

  • Barclays has launched its Rise platform for fintech startups in Vilnius
  • Romanian Pokemondo is a marketplace for the Pokemon Go economy
  • Russian hackers have launched a legally questionable marketplace for vulnerability reports in popular software
  • Russian VC fund Life.Sreda has announced the launch of a blockchain startup acceleration program in Kazan
  • Ukrainian engineers have built a prototype of a compact cardiac monitor for children for just $300
  • Startup Yard on a trip to the Balkans
  • Romanian startup TypingDNA uses typing patterns matching to secure your laptop
  • Latvian mobile app Qfer has sailed past the 100,000 users milestone
  • Tallinn-based scientific collaboration platform Guaana will give 10 percent of the company to scientists around the world for free
  • Bulgarian startup Tickey has joined the new batch at Kickstart accelerator in Zurich, Switzerland

Funding Rounds and M&A

  • Findo, a US-based AI startup with Russian roots, has raised $4 million in funding—only six weeks after announcing another, $3 million venture deal
  • Russian services marketplace YouDo.com has secured a $6.2 million Series C round
  • Ukrainian PromoRepublic has secured €500,000 in funding and launched in the US
  • Russian business angel club VentureClub has invested $160,000 in Zirra
  • Ukrainian startup CubEgg has raised $500,000 in funding to develop what it calls the “first fully gamified professional online network”

Bigger Companies

  • Pokémon GO has become available in CEE countries
  • MasterCard has launched MasterPass, an e-wallet for internet payments, in Ukraine
  • Russia’s Sberbank will launch SB-Telecom, a mobile virtual network operator for mobile banking

Governments and Policy

Long Reads


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