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Two startups secure €40,000 investment at AceON Accelerator's Fourth Program

AceON Accelerator has announced the end of its fourth program, which took place from October 15 to November 28. During the program, 21 startups from 13 CEE countries took on intensive training, which culminated in a Demo Day, where two of them managed to secure a total of €40,000 investment.

The Baltics get a new VC fund with Outlast Fund launching to support B2B software startups

The fund’s main focus is on B2B software-driven pre-seed and seed-stage startups. Also, the fund industry is agnostic but the team prefers ventures in SaaS, fintech, cybersecurity, e-commerce enablers, as well as beyond.

How a Ukrainian AI startup is automating business processes in Europe. Interview with Ievgen Miasushkin, CEO of Tur.ai

We talked with Ievgen Miasushkin, co-founder and CEO of Tur.ai, about the startup's solution, its latest round secured from a Czech fund, and his strategy and ambitions for the future.

Luxoft Ukraine lays off staff, ditches Employer Branding – dev

Sources say that this is a global approach and is related to the vision of the parent company – DXC.

Polish biotech startup IMAGENE.ME raises €1.4M investment to support human longevity

Polish biotechnology company IMAGENE.ME has raised €1.4 million (PLN 6 million) in a fresh investment round from ABAN.VC and NCBR Investment Fund.

Finnish startup Zero secures $2.7M in pre-seed funding to develop AI-powered 'zero-click' CRM

Zero’s solution is a CRM system built with a “zero-click” philosophy, aiming to automate many of the manual tasks that have become a burden in modern sales processes.

AgriBoom Ventures launches €60M Agritech fund to drive innovation in European agriculture

AgriBoom Ventures is a Czech fund that combines financial investment with access to the agricultural facilities of AGRO CS, offering startups an unparalleled opportunity to test and refine their technologies in real-world environments.

Scale is not sexy anymore (for the past two years). How Reddit became profitable for the first time in 20 years and why it took so long — guest column

How did the company survive for 20 years, why is it profitable now, and is it related to income tax evasion? Vladyslav Khilkovets, Head of Strategy and Operations at Spalah, explains.

Ukrainian company Reface is cutting 35% of its workforce, affecting 60 employees

Starting next year, Reface plans to become profitable and invest more in AI applications.

Polish edtech platform Coding Giants raises €8.5M investment round to develop the global digital education platform

Coding Giants, a Warsaw-based digital education platform, has secured an €8.5 million investment round led by True Global Ventures and Hungarian VC firm PortfoLion Capital Partners.