ProCEEd #63 > Petcube takes to Kickstarter again, CallPage raises $500K, 4A Games announces new titles

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Welcome to today’s edition of the ProCEEd > Newsletter which allows you to catch up with the endless stream of tech news from Central and Eastern Europe.

Check out the fair number of funding announcements, interesting features about Russia’s online privacy woes, as well as a few exciting news from well-known and up-and-coming startups.

Enjoy reading, and have a great week!


ABBYY LS has spun off translation service SmartCAT, which also raised $2.8 million in funding from RedSeed

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Ukraine’s Petcube has launched a $200,000 Kickstarter campaign for its new devices

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Startups & Ecosystems

  • Ukraine-founded game studio 4A Games has announced two new projects
  • VC firm with Russian roots Inventure Partners has launched its second fund of $150 million
  • Russia’s Flint Capital has announced its second fund of $100 million
  • Ukrainian startup Petcube has launched a $200,000 Kickstarter campaign for its new devices for playing and treating your pets remotely
  • ABBYY LS has spun off translation service SmartCAT, which also raised $2.8 million in funding from RedSeed
  • Polish-Swedish startup Skriware has announced opening up of its own dedicated 3D printing marketplace of projects
  • Members of Ukrainian angel investor community UAngel have invested $7 million in startups in two years
  • US-Kosovar startup Solaborate has launched a Kickstarter campaign for its HELLO communication device, and already hit its goal

Funding Rounds and M&A

  • Ukrainian-Polish startup CallPage has raised $500,000 in funding
  • Russia’s Altair Capital has participated in a $2.5 million round in FlexReceipts
  • Russia-based Rentmania has raised some €208,000 in funding
  • Moscow-founded software development company Luxoft has acquired Insys Group for $71.4 million
  • Ukrainian online self-publishing library Lit-Era has raised $50,000 from an unnamed angel investor at a valuation of $500,000
  • Russia’s the Untitled ventures has invested €195,000 in the local startup Real Time Group
  • Russian-founded SD Ventures has invested in India-based PressPlay
  • Software development company Lohika with R&D offices in Ukraine has been acquired by Altran
  • Belarusian startup Blinger has raised funding at a valuation of “more than $1 million”
  • Russian startup Statsbot has raised $325,000 from 500 Startups and Betaworks Bootcamp
  • Russian-Irish CountBOX has raised €480,000 in funding via the StartTrack investment platform
  • Russian startup Foodfox has raised “more than $1 million” in funding

Bigger Companies

  • Russian social network VKontakte (VK) is to introduce subscription for its music services
  • Yandex.Money, a leading Russian e-wallet with about 25 million user accounts, has made its app available on the Apple Watch

Governments and Policy

  • Russian government fund and mobile operators create IoT consortium
  • The Moscow police have recorded an 86 percent rise in online extremism in the first half of 2016, compared to the same period last year

Long Reads


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