ProCEEd #74 > Mail.Ru buys Pixonic for $30M, Lithuania receives €58.8M to form new VC funds, Yandex shuts down its startup accelerator

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Thanks for reading this fresh edition of the ProCEEd > Newsletter. Check out the most significant funding deals, startup announcements, and policy news, as well as a few cool feature stories towards the end.

Enjoy reading, and have a good week!


Mail.Ru Group has acquired Moscow-based mobile game developer Pixonic for $30 million

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Lithuania to launch four new local VC funds, which will get €58.8 million to invest from the funds of the EU

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Startups & Ecosystems

  • Ukrainian startup Taplend has launched in its home country after two attempts of entering the US market
  • Ukrainian startup Booster has launched a crowdfunding campaign for its gaming headset that transforms your head into a controller
  • Lithuania has signed an agreement on partnership, that will allow creation of four new local VC funds, which will get €58.8 million to invest from the funds of the European Union
  • Lithuanian game studio Tiny Lab Productions has announced its Fun Kid Racing game has recently reached 10 million downloads
  • Revolut, a fast-growing London-based fintech startup, is considering opening a 40-strong development centre in Vilnius and also applying for a specialized bank licence at the Bank of Lithuania
  • Telemedicine makes its first steps in Ukraine
  • Startup Live is looking for ambassadors in Eastern Europe
  • Russia’s FRII and the Prosvescheniye publishing house will invest €50 million in education startups
  • Discount-tracking app thrives from Russian slowdown
  • Latvian startup Printful will invest $1.5 million to build a new plant in Charlotte, North Carolina
  • Romanian startup Symme 3D has unveiled the country’s first 3D bioprinter

Funding Rounds and M&A

Bigger Companies

Governments and Policy

Long Reads


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