Countries

Estonian fintech Mifundo receives €2.5M in EIC Accelerator grant capital

Tallinn-based Mifundo, developing an AI-based data platform that enables the transfer of credit profiles across borders, has received €2.5 million in grant funding from the European Innovation Council (EIC) Accelerator program. The funding will be used to expand the platform across Europe.

Finnish foodtech Onego Bio secures €14M from EIC Accelerator and Seria A investors

The Helsinki-based startup Onego Bio developing a bio-identical egg protein has secured the fresh €14 million from EIC Accelerator and additional Series A investors. Just three month earlier, Onego Bio raised €50.5 million, bringing the company’s total funding to €65

38 Polish companies secured €209M from 47 funds — new PFR Ventures Q2 2024 report

PFR Ventures and Inovo VC have prepared a joint report summarizing transactions on the Polish venture capital (VC) market in the second quarter of 2024. During this period, 38 Polish companies managed to secure a little over €209 million (PLN

Finnish VC Inventure invests in Valo.ai to solve SaaS chaos in enterprises

Finnish venture capital firm Inventure has invested an undisclosed amount in Valo.ai, a San-Francisco-based software development startup. Spintop Ventures and notable angel investors from the cybersecurity field joined the funding round. About Valo.ai Investment details “Many SaaS security posture management

American bank Mercury stopped services for Ukrainian entrepreneurs — the bank explains the decision

Ukrainian entrepreneurs who have accounts in the American bank Mercury have received letters of termination of service. Ukrainian entrepreneur and founder of Petcube Yaroslav Azhnyuk shared the news on his LinkedIn page. The letter from the bank states that the

Turkish Metis Ventures enters CEE and appoints Romanian Principal

The Istanbul-based Metis Ventures has entered CEE to invest in 8-10 startups within the next 12 months. Its ticket is up to €3 million for AI-based startups in cybersecurity, finTech, climate tech, and digital health. The fund also appointed Mircea Ghita,

Latvian Merito Partners acquires international e-commerce company Adaptive Media

The Riga-based Merito Management Target Fund II managed by investment company Merito Partners has acquired a controlling interest in international e-commerce company Adaptive Media. The amount of the deal was undisclosed. Adaptive Media is local success story– in ten years, expanding from local projects

Finnish Failup Ventures co-leads itselectric’s $6.5M round with Uber

itselectric, a Brooklyn-based electric vehicle curbside charging company, has announced its $6.5 million seed round. The investment was led by Failup Ventures and Uber and will help to support its deployments across seven cities in the United States in 2024.

Ukrainian edtech Preply opens an office in London

The Ukrainian-founded edtech startup Preply has opened an office in London, in the heart of the Shoreditch business district. This is another step of the company to expand its international presence, which complements the network of offices in Kyiv, Barcelona,

Estonian Plural joins €450M Series C in the German defense company Helsing

Helsing, a Munich-based company specialising in the creation of AI-powered military solutions and components, has raised €450 million led by General Catalyst. The total amount of company’s funding is currently over $760 million. The fresh investment aims to strengthen European defence