ProCEEd #73 > Latvia’s new startup tax, hopes for Moscow Hyperloop, €60M for Romanian SMEs


Welcome to today’s edition of ProCEEd > Newsletter. Scroll down to check out 38 new stories from the tech scene of Central and Eastern Europe.

The past week has brought a well-balanced mix of news from across the region, including a new flat startup tax in Latvia, a $1M funding round for eTachki, and a bunch of feature stories well worth your while.

Enjoy reading, and have a good week!

Ukraine’s first online auction for used cars eTachki has raised $1 million from TA Ventures


The Latvian government has approved a new flat startup tax of €252 per employee per month


Startups & Ecosystems

Funding Rounds and M&A

  • Russia’s has purchased and for some €5.7 million
  • Russian-founded Untitled Ventures has purchased a 25% stake in a drone marketplace Bazzar
  • Dominion Hosting Holding has acquired Croatia’s Infonet for some €466,000
  • Ukrainian-founded TA Ventures has injected $1 million in eTachki, Ukraine’s first online auction for used cars
  • Russia’s Primer Capital has invested some €71,000 in a Skolkovo resident CSB Genomika
  • Russian-founded Runa Capital has participated in a $34 million funding round for Smava
  • Czech startup MonkeyData has raised a seed round at €8 million valuation

Bigger Companies

Governments and Policy

Long Reads

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