ProCEEd #13 (July 20—26, 2015)


Here comes your news round-up from the tech scene in Central and Eastern Europe. Apparently most entrepreneurs have decided to take a summer break, so there’s not too many stories to read today. Check out the news from Estonia, Poland, Ukraine, Romania and Russia, as well as a few feature pieces on markets and startups.

Enjoy your week!


Russian billionaire Yuri Milner has invested $100 million to find intelligent extraterrestrial life


Baltic Innovation Fund has been increased to make additional funding available for SMEs in the region

Startup news

  • Estonian-born peer-to-peer money transfer startup Transferwise has entered Ukrainian market
  • 50 Ukrainian tech entrepreneurs and VCs have launched a non-profit to help Ukrainian startups penetrate Silicon Valley
  • Polish UXPin has raised $5 million in Series A funding
  • Ukraine-born Hideez Technology has started an Indiegogo campaign for its SafeBand smart bracelet after failing to fund it on Kickstarter
  • Another Ukrainian company, Branto, which also didn’t manage to hit its target on Kickstarter, also went to Indiegogo with its home remote presence and secure device
  • Romania-based VPN startup CyberGhost aims to grow a privacy hub in Eastern Europe

VC news

Bigger companies

  • GlobalLogic, product development services company with R&D offices in Ukraine, Slovakia and other countries, has opened a new engineering centre in Krakow, Poland
  • Russia’s Yota Devices has concluded its Indiegogo campaign raising $295,000 for its dual-screen smartphone YotaPhone 2
  • Russia’s most popular social network VKontakte has launched a rival to Instagram
  • has raised $40 million to develop online used car brokerage in Russia and beyond

Governments and law

  • YouTube has been given just days to respond to copyright infringement complaints or face blocking measures in Russia that for some could take down the whole site
  • Firms rethink Russian data centre strategy, as data sovereignty law nears activation

Long reads


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