ProCEEd #69 > CD Projekt is a unicorn now, Taxify goes to Europe and Africa, CEE funding figures grow

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Welcome to the fresh edition of the ProCEEd > Newsletter. September is here, and the tech scene of Central and Eastern Europe is gearing up towards an event-packed fall.

Talking of events, I’d like to make a few announcements myself. On Thursday I’m planning to come to Chisinau to talk to the local startups and investors. In the evening, there will be a fireside chat at the DreamUps space.

Later this week, on Friday, I’ll do a workshop for startup founders on media strategy in Odesa, and then give a talk about online media monetisation at the Black Sea Summit on Saturday. Later on, next Tuesday, I’ll be talking about media strategy for startups again—this time at the Chasopys creative space in Kyiv. Hope to see you there!

And now, enjoy reading and have a great week!


Estonian Taxify expands in Europe and Africa

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Poland-based CD Projekt has just become a unicorn

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Startups & Ecosystems

Funding Rounds and M&A

  • Russia’s 1C has purchased a majority stake in Quick Resto
  • Yuri Milner has participated in a $7 million funding found for India-based Runnr
  • LetterOne, an international VC fund with Russian roots, has invested $50 million in FreedomPop
  • SC Ventures has invested €100,000 in a Macedonian startup Letz
  • Russian startup Locolo has raised “up to €100,000” in funding from an unnamed Geneva-based investor
  • Slovenian startup Facility for smarter hotels has received €550,000 in funding
  • Russian-founded Singulariteam has participated in a $3 million funding round for Beyond Verbal
  • A consortium led by Bulgarian businessman Spas Roussev has completed its 100% buyout of Bulgarian Communications Company (BTC), which operates under the name Vivacom

Bigger Companies

Governments and Policy

  • U.S. officials suspect Russian hackers have been responsible for breaking into two state election databases
  • Russia’s Rostec has suggested to use the pension fund to finance implementation of the ‘Big Brother law’

Long Reads


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