ProCEEd #66 > Uber invests in a Polish startup, Russia goes against Google and Apple, Rentberry raises $320K

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Welcome to today’s summer edition of the ProCEEd > Newsletter.

While startups use the summer slowness to work hard on their products, some governmental bodies are hard at work fighting against tech giants. Over the past week, Russian authorities not only fined Google almost $7 million in the Android-related antitrust case, but also filed another case against Apple, accusing it of price-fixing for the iPhone.

Unsurprisingly, the US tech giant refused to admit that it has done anything wrong, though I doubt it will help it as the investigation moves further.

Scroll down to catch up with more tech news stories from Central and Eastern Europe.

Enjoy reading, and have a great week!


Russia’s Federal Anti-monopoly Service (FAS) has filed a case against Apple on allegations of price-fixing

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Uber invests in four European startups: Brigad (France), Otly (Netherlands), Memrica (UK) and Hipromine (Poland)

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Startups & Ecosystems

Funding Rounds and M&A

  • Ukrainian-founded Rentberry has raised $320,000 in funding
  • Uber invests in four European startups: Brigad (France), Otly (Netherlands), Memrica (UK) and Hipromine (Poland)
  • Russian-founded fund Flint Capital has invested $1 million in Israeli Epistema
  • Russia’s Winter Capital has invested $75,000 in each of three startups—Particle, Gavels, and Eristica
  • Russian-founded Altera Capital and Run Capital have each bought a 10 percent stake in the cyber security company Group-IB
  • US-based Revel Systems has acquired Russia’s iqPOSitive
  • Russian online marketing platform Solomoto has entered the US market

Bigger Companies

Governments and Policy

  • Russia’s Federal Anti-monopoly Service (FAS) has filed a case against Apple on allegations of price-fixing
  • Apple rejects iPhone price-fixing allegations in Russia
  • Ukrainian hacker involved in a $9 million cyberheist has been extradited to the US from the Czech Republic
  • Google has been fined just $6.75 million for breaking Russia’s antitrust law with Android

Long Reads


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