ProCEEd #67 > Google’s appeal turned down in Russia, OneTwoTrip raises $2.5M, Macedonian team wins $3.6M in Dota 2 tournament

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Welcome to today’s edition of the ProCEEd > Newsletter!

If you, for any reason, are not on a vacation these days, scroll down to see what the rest of you lot have been up to. Not too many stories have been reported over the past seven days, though there are still a few things worth checking out.

Enjoy reading, and have a good week!


Swedish fund Vostok New Ventures has injected $2.5 million in Moscow-based OTA Onetwotrip

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A Macedonian gamer and team have won $3.6 million at the Global Dota 2 Tournament

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Startups & Ecosystems

  • Russian tour picking service Excursopedia has rebranded to PlanetPass, pivoted, and launched in the UK
  • While national teams are competing in Brazil, Startup Olympics are happening in Vilnius
  • A Macedonian gamer and team have won $3.6 million at the Global Dota 2 Tournament
  • Seedstars World is coming to Prague to find the best startups in the Czech Republic
  • Kosovan HELLO has beaten its goal on Kickstarter
  • Black Sea Summit gathers startups and geeks from around CEE in September
  • Zubr Capital, a Minsk, Belarus-based private equity firm, has closed a new fund, raising $50 million

Funding Rounds and M&A

  • Target Global, international VC fund with Russian roots, has participated in a €6 million funding round for HeavenVR
  • Swedish fund Vostok New Ventures has injected $2.5 million in Moscow-based OTA Onetwotrip

Bigger Companies

Governments, Law and Policy

  • The Securities and Exchange Commission has suspended trading in the securities of Neuromama (NERO), a tiny Internet company with Russian roots, “because of concerns regarding the accuracy and adequacy of information in the marketplace”
  • New taxes have made online shoppers in Albania furious
  • Russian court has turned down an appeal from Google in the anti-monopoly case

Long Reads


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