News

VC investments in CEE down to €560M in Q2 2023 — Vestbee’s report

The global funding in Q2 shows a downturn to $65 billion, reflecting a drop of 18% compared to the previous quarter, which recorded $76 billion. This tendency doesn’t differ in CEE as well, Vestbee’s report states. In the second quarter of 2023,

One million pixels, 10% taken by IT companies. Could Braveproject raise $1M in donations?

Today, everyone surely knows about the internet project The Million Dollar Homepage — one million pixels, each sold for $1. This is how the project’s creator, British entrepreneur Alex Tew, earned his first million in 5 months in 2005. The

European VC exit valuations fall almost twice, to €17.3M in Q2 2023— Pitchbook report

In Q2 2023 European exit valuations continued to fall with median exit valuation going from to €17.3 million. The proportion of down rounds continued to upward to 26.2% in Q2 2023 from 19.8% in Q1 2023. Overall, VC exits are

Lithuanian-founded web3 security startup CUBE3.AI raises $8.2M in a seed round

CUBE3.AI, a provider of web3 transaction security platform, has emerged from stealth mode and raised $8.2 million in a seed funding. The round was led by Blockchange Ventures. “Our platform closes a major web3 security gap. However, no single web3

AceON Accelerator launches Autumn program: up to €70k investment for startups

Prague-based AceON Accelerator has announced the start of its Autumn accelerator program, where early-stage startups can get individual support from AceON and up €70,000 in investment funds. The startups can apply for the program until September 13, 2023, here. About

NATO Innovation Fund closes €1B flagship fund and prepares to invest

Twenty-three NATO Allies have officially become Limited Partners of the NATO Innovation Fund, focused on the dual-use deep tech sector. The Fund prepares to make its initial investments later this year, according to NATO’s official announcement. “As a member of NATO,

Google Bard chatbot is now available in the CEE region

The experimental chatbot Google Bard, operating on LaMDA, has received support for over 40 languages. It has also become officially available in 27 European countries, including Ukraine, Poland, Bulgaria, as well as others from the CEE region. Along with the

NATO launches €1B deeptech fund and introduces the investment team

Twenty-three participating NATO Allies have selected the investment team to manage the new €1 billion NATO Innovation Fund focused on dual-use deeptech sector. The senior management team will be led by Andrea Traversone as Managing Partner, together with Kelly Chen,

Meet new TCF Capital fund. It will invest in European e-commerce, FMCG, and logistics

The founder of Czech unicorn Rohlik Tomáš Čupr has launched a new venture capital fund TCF Capital, MamStartup reports. The fund will reinvest funds generated by existing Čupra companies into startups from the Czech Republic, but also from other European countries.

Despite sanctions, the components made by Intel, AMD, Samsung, and others were founded in Russian weapons in Ukraine

Companies should be very interested in avoiding having their products identified in Russian weaponry found on the battlefield or being used for attacks on Ukrainian civilian.