ProCEEd #15 (August 3–9, 2015)


The past week has brought plenty of tech news stories from across Central and Eastern Europe, which I’ve put together in a neat roundup below. Check out new funding rounds, startup news, government and science-related stories, as well as a few long reads.

Enjoy the reading, and have a good week!


DST Global has raised $1.7 billion to launch its fifth fund – without Russian money


Garage48, Eesti Telekom and Startup Wise Guys launched an acceleration program for telecom startups

Startup news

  • Teams from Hungary and Russia won prizes in Microsoft Imagine Cup
  • Garage48, Eesti Telekom and Startup Wise Guys have partnered to launch an acceleration program called VUNK for telecom startups
  • Russian startup TakeBus has raised some €43,000 in funding from Moscow Seed Fund
  • One the biggest startup conferences in Ukraine, IDCEE, has been cancelled for 2015
  • Ukrainian startup Galactic Exchange has secured seed funding in Silicon Valley in one week to “simplify big data”
  • Ukraine-founded startup CheckiO has launched its new coding game Empire of Code
  • Polish has released a new Admin App for Android, allowing to manage and update iBeacons and Eddystones
  • Russian 3D modelling app maker GeoCV has secured $1.15 million for sales tests in Russian and US markets
  • Ukrainian startup Themler claims to be world’s first visual web design environment for WordPress, Magento, Joomla and Drupal
  • In-app advertising platform AdtoApp founded by Russian entrepreneur Nikolay Evdokimov has raised $6 million in funding from Run Capital
  • Ukrainian business accelerator GrowthUP ready to cooperate with Baltic startups

VC news

  • Ukrainian investment firm CIG has poured $1 million in Israeli mobile platform for kids KIDO’Z
  • DST Global has raised $1.7 billion to launch its fifth fund – without Russian money
  • Russia’s Grishin Robotics has participated in $13 million Series B funding round for American 3D sensing hardware and software maker Occipital, as well as $26 million round for Super Evil Megacorp
  • Russian billionaire Yuri Milner has participated in $90 million funding round for Indian health search portal Practo
  • Russian-born InVenture Partners has invested $5 million in US telemedicine startup American Well
  • Livonia Partners Fund I, a pan-Baltic private equity fund, has held its first close at €70 million

Bigger companies

  • Yandex has launched a multifunctional app for users with low-budget Android smartphones in Russia
  • LOT, the official Polish air carrier, is now accepting bitcoin
  • Uber launched water taxi service in Saint Petersburg for two days


  • Russia’s Skolkovo has teamed up with Panasonic and KAMAZ in search for battery breakthrough
  • Projects from Lithuania, Bosnia, and Russia have made it to the finals of Google’s annual Science Fair


Long reads

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