ProCEEd #2 (April 27 — May 10, 2015)


After a short break, here’s the new issue of ProCEEd > with the most significant news and feature stories from the tech scene of Central and Eastern Europe over the last two weeks.

Early May is a calm time in terms of deals, announcements and other business activities, which is why the size of this double issue of the newsletter is about the same as the previous, single ones. However, there are still a few interesting funding-related stories you shouldn’t miss, including the $2 million round for Ukrainian Clickky and a reported $4 million one for Russian security company Group-IB.

Another potentially meaningful tiding is the one that Yandex has shut down its Android-based Yandex.Kit. This, if proved true, would be another illustration of the company’s austerity measures, following the laying off of 170 people in early April.

With this short teaser, I’ll let you dive into the news headlines to find out what’s been happening in CEE over the last two weeks.

Enjoy reading, and please let me know if you think something is missing.


Ukrainian mobile marketing startup Clickky has attracted $2 million for global expansion from Moscow-based venture fund iTech Capital


Estonian startup Taxify claims to be the first in the world to introduce mobile carrier billing for cabs thanks to favourable terms from TeliaSonera

Startup news

  • Latvian serial entrepreneurs have released Lokalise, a translation management tool for software localisation
  • Ukrainian startup AdTena has landed $60,000 in funding from local angel investors
  • Ukrainian startup Chargies, which combines the ideas of Yo and Tamagotchi in its mobile app, has raised $100,000 from Noosphere Ventures to enter the US market
  • Ukrainian mobile marketing startup Clickky has attracted $2 million for global expansion from Moscow-based venture fund iTech Capital
  • Romania-based travel technology firm dcs plus has landed an undisclosed amount in funding from Earlybird VC
  • Estonian startup Taxify has introduced mobile carrier billing for cabs
  • Ukrainian-born private jet hire startup JetMe has released a new tool called “Name Your Price” to allow users to choose how much they’re willing to spend on a flight

VC news

  • Moscow Seed Fund and Life.Sreda have invested $240,000 in microcredit scoring technology startup Scorista
  • Lithuanian Practica Capital has invested €120,000 in liquid meal startup Hello Hungry
  • Russian venture fund Vaizra Investments has participated in a $50 million round in Robinhood and poured some $500,000 in Israeli startup Optishell
  • Russian-born venture fund Flint Capital has raised further $50 million and entered the US market
  • Russian security specialist Group-IB has reportedly secured $4 million in funding from FRII
  • Prague-based VC Credo Ventures has closed its second fund at €34 million
  • Russian Venture Company has launched GenerationS 2015 accelerator for tech startups with the program taking place in Moscow from July to November

In other news

  • Clutch has identified top mobile app developers in Poland, Ukraine and Russia
  • Yandex has announced Q1’2015 financial results
  • Flying car prototype has crashed in Slovakia, but fortunately the pilot and inventor Štefan Klein suffered only light injuries
  • Yandex has reportedly shut down its Android-based mobile OS project Yandex.Kit
  • Estonia is backing up its entire government dataset, and also devising ways to operate through the cloud in the event of an attack by a foreign nation

Long reads

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