Countries

Russian military companies use cryptocurrency to avoid sanctions — the WSJ

Russian military companies manage to circumvent Western sanctions and purchase weapons and drone parts for their war in Ukraine using cryptocurrency. The Wall Street Journal has reported on the matter. Key points Meanwhile, the U.S. Treasury Department pressures Congress to pass

In February 2024, the volume of Ukrainian IT export reached $518M

In February 2024, the volume of IT export from Ukraine amounted to $518 million, according to the report of the National Bank of Ukraine. The number is the second lowest in two years. Partner country The volume of IT services

Finland’s Benjamin Capital Partners raises $5.5M for its cash rewards app

New York and Oulu-based Benjamin Capital Partners has raised $5.5 million to invest in its cash rewards business built around the Benjamin app. The seed round was co-led by Play Ventures and F4 Fund, and others angel investors. We are delivering audience to these

Finnish startup Lumoa is acquired by Netigate

Lumoa, a Finnish customer experience platform, has announced its acquisition by Netigate, a Swedish company developing management solutions. The unity of two companies will transform experience management in Europe. The amount of the deal is undisclosed. The deal amount was

Ukraine-founded 1991 Ventures launches a $18.8M fund

UK-based VC firm with Ukrainian roots 1991 Ventures has launched a $18.8 million fund (£15 million fund) to invest in Ukrainian and CEE startups. The VC firm aims to support over 40 companies and will build on the Gurskys’ incubation and accelerator

Finnish startup Steady Energy secures a €10M investment round

Steady Energy, a Helsinki-based company specializing in carbon-neutral heat solutions delivery, has secured €10 million in a funding round led by existing investors, Lifeline Ventures and Yes VC. The funding will be used to further develop its technology, accelerate research and development efforts.

International investments in Ukraine amounted to $1.7B over two years

Over the two years of the full-scale war with russia, the total volume of international investments in Ukraine reached $1.7 billion, of which $1.2 billion were invested in 2023 alone. The head of the KSE Institute, Nataliya Shapoval stated the

Finnish foodtech startup Perfat Technologies closes €1M seed round

Perfat Technologies, a Helsinki-based food-deeptech company, has announced the closure of its €1 million seed funding round. It was led by Nordic Science Investments and supported by Helsinki University Funds and other investors. About Perfat Technologies Investment details Perfat is

Estonian home rental Rendin secures nearly €2M from Tera Ventures and SWG

Rendin, a Tallinn-based home rental ecosystem startup, has secured nearly €2 million led by Tera Ventures. The investment will help to prepare for the A-round raising and expansion in both current and new markets starting in April. Involving customers in

Startup of the Day: Axiology, a Lithuanian fintech company

Axiology was founded by Andrius Bartminas, Marius Jurgilas, Andrius Mamontovas, and Andrius Kašuba in 2023. The startup develops a platform for tokenized securities that facilitates the trading of stocks or bonds using Distributed Ledger Technology (DLT).