ProCEEd #18 (August 24–30, 2015)


Welcome to the last summer issue of ProCEEd, the newsletter that helps you stay up to date with the latest developments of the tech scene in Central and Eastern Europe.

In today’s newsletter, read about a handful VC deals in the region, a bunch of government-related news from Russia (mostly quite predictable), and other interesting stories.

Enjoy the last day of the summer, and have a good and productive week!


Amazon has raised the wages of the 6,000 workers at its two logistics centers in Western Poland. However, problems for the retail giant remain


Apple has ceased transferring payments to Russian developers with accounts in Sberbank, one of the country’s biggest banks

Startup news

  • Latvian has brought its total capital to €1 million
  • Agro tech has arrived at Russia’s Skolkovo
  • Russian HR website JungleJobs has attracted $500,000 in funding from Impulse VC and TheUntitled
  • Russia’s Healbe has begun selling its controversial smart wristband GoBe in the US
  • Prague-funded TeskaLabs has secured €337,000 in pre-seed funding

VC news

  • Russian venture fund ABRT has ceased to invest in startups
  • Russian-born venture firm Flint Capital has led a $5 million funding round for Mobee
  • Ukraine-based TA Ventures took part  in a €2.3 million funding round for Stylelounge, a German metasearch engine for clothing and lifestyle products

Bigger companies


Long reads

Image credit: Noelas, Harald Walker, Neil Howard

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