Tech. Investments

Polish startup Closer Music receives €1.3M from Ekipa and JR Holding

Warsaw-based music database startup Closer Music has received over €1.3 million (PLN 6 million) in investments from Ekipa Investments and JR Holding. The funding is aimed at expanding the databases and getting new customers, My Company Polska reports. “Closer Music

Lithuanian Viezo raises investment on its IOT solution for railways

The Vilnius-based startup Viezo which develops an autonomous IoT solution for monitoring railway wagons’ wheel sets has raised an undisclosed amount of investment. The round was co-led by Rockstart joined by CoInvest Capital, and 7 LitBAN angels.  “Originally, the plan

Lithuanian game-based edtech Three Cubes raises €250k from FIRSTPICK

The Vilnius-based Three Cubes, game-based learning subscription platform for schools and parents, has raised €250,000 from Lithuanian acceleratorі FIRSTPICK and other investors. The deal was closed at the beginning of 2023.

Lithuanian startup CAST AI raises ＄20M from Creandum

Lithuanian startup CAST AI has raised $20 million in new funding led by early-stage venture capital fund Creandum. The company provides an all-in-one optimization platform that can cut cloud bills in half, optimize DevOps, and automate disaster recovery. “CAST AI’s

Austrian fintech Finmatics raises €‎6M in a Series A round

Finmatics, the Vienna-based developer of AI software to digitize and automate accounting processes, has raised €‎6 million in Series A round led by Mangrove Capital Partners. The funds will be used for further expansion of the team and product development.

Speedinvest leads $2.8M seed round for Maqsad, Pakistan’s education technology provider

The Vienna-based VC fund Speedinvest led a $2.8 million round for Maqsad, the Karachi-based startup that provides an end-to-end learning platform for online teaching and testing. The investment will help Maqsad to grow its edtech platform and solve a major

Poland’s SUPERSONIC Food raises €1.5M in a round led by YouNick Mint

Warsaw-based foodtech startup SUPERSONIC Food has raised about €1.5 million (PLN 7 million) in an investment round led by the YouNick Mint fund. The round was also joined by several business angels and the KnowledgeHub Starter fund, MamStartup reports. “From

Latvian modular home manufacturer MYCABIN receives €1.55M from Merito Partners

The Riga-based Merito Partners’ private equity fund has announced the investment of €1.55 million in modular home manufacturer MYCABIN. The funding will be used to develop MYCABIN’s products in export markets, expand production facilities, and increase production capacity. “The demand

Ukrainian-founded digital fashion startup DressX receives $15M 

Ukrainian-founded startup DressX that develops a platform for selling virtual-fashion clothes has secured $15 million in a new investment round. The startup’s valuation is not disclosed.