Discover the latest investment rounds in Central and Eastern Europe (CEE) with a focus on cutting-edge technologies. Let’s have a look at 10 innovative companies that have successfully secured their funding in April 2023, enabling them to take their products and services to the next level. Ranging from biotech and mobility to gaming and complex AI solutions, these startups have attracted investors in the region with their unique value propositions.
Sensible Biotechnologies
Location: Bratislava, Slovakia
Launch date: 2021
Funding Round: Pre-Seed €3.9M
Funding Source: Amino Collective, BlueYard Capital, Civilization Ventures, Florian Schuster, Jason C. Foster, Recode Health Ventures, Y Combinator, ZAKA VC
Total funding received: €3.9M
Sensible Biotechnologies brings a transforming idea to reality while producing superior-quality mRNA in a cost-effective and scalable manner, paving the way for the development of cutting-edge mRNA-based therapeutics and vaccines that promise to revolutionize the field of medicine. With a highly proficient team of experts on board, including accomplished PhD graduates from prestigious institutions such as Oxford University, Sensible Biotechnologies has successfully secured a total of €3.9M in funding, from a diverse pool of investors, with BlueYard Capital as the leading investor. The funding will be used for further technology optimization and scaling.
Elmo
Location: Tallinn, Estonia
Launch date: 2022
Funding Round: Seed, €2.6M
Funding Source: Barolo Investment Partners, FlyCap, Highgoal Capital, WaterWays Technologies
Total funding received: €2.6M
Elmo has broken new ground in the world of deep-tech innovation while introducing road-legal, remotely controlled vehicles. These cutting-edge automobiles are now a daily fixture on the streets of Tallinn and Tartu and have been subjected to rigorous testing and licensing procedures in numerous cities across the globe. Elmo has now secured its funding with Barolo Investment Partners, FlyCap, Highgoal Capital, and WaterWays Technologies on board, raising a total of €2.6M. Now, the company is one step closer to launching eco-sustainable remotely controlled cars.
Perfection42
Location: Vilnius,Lithuania
Launch date: 2018
Funding Round: Seed, €1.1M
Funding Source: Coinvest Capital, Lithuanian Business Angel Network, Open Circle Capital, Business Angeles
Total funding received: €1.3M
Perfection42 brings cutting-edge technology, revolutionizing the day-to-day life of game developers, 3D animators, and video creators, harnessing the power of artificial intelligence to achieve unparalleled levels of efficiency, personalization, and innovation. By leveraging quantifiable data to create personalized game experiences for players, Perfection42 saves time by expediting development velocity and drastically reducing turnaround time from days to mere minutes. Perfection42, backed by influential investors, including Open Circle Capital, secured €1.4M in total.
Reakto
Location: Cracow, Poland
Launch date: 2020
Funding Round: Seed, €1M
Funding Source: AMM Global
Total funding received: €1M
Reakto is disrupting the property protection industry with its innovative drone infrastructure. The company’s technology accelerates response times to emergency calls, streamlines automatic patrol flights to safeguarded facilities, and ensures compliance with all relevant legal standards, significantly reducing operational costs while serving as a tactical support mechanism for intervention groups. Reakto has raised €1M in funding, securing a seed investment round, backed by AMM Global. With the infusion of capital, the company's development will be accelerated, facilitating the preparation of both drones and docking stations.
Dynamic Pricing AI
Location: Sofia, Bulgaria
Launch date: 2017
Funding Round: Seed, €600K
Funding Source: Sofia Angels Ventures, Vitosha Venture Partners
Total funding received: €600K
Dynamic Pricing AI is a retail pricing technology platform that allows repricing the entire retail portfolio using predefined rules and innovative strategies. Combining the latest advancements in artificial intelligence and machine learning, the company's innovative technology empowers businesses across a diverse range of industries to optimize their pricing strategies in real-time, maximizing revenue and profitability while simultaneously enhancing customer experience. Dynamic Pricing AI has raised a total of €600K in funding from Vitosha Venture Partners and Sofia Angels Ventures.The newly acquired funding will be allocated towards the augmentation of the team of data scientists and developers, alongside the ongoing product development.
BuildJet
Location: Tallinn, Europe
Launch date: 2022
Funding Round: Pre-Seed, €456K
Funding Source: Y Combinator
Total funding received: €456K
BuildJet is a promising startup that has set out to revolutionize the way developers optimize their workflows on GitHub Actions. By plugging in BuildJet's Gaming CPU Cloud into GitHub Actions, developers can enjoy up to 2x faster speeds and significantly reduced costs. With a Pre-Seed funding round of €456K, BuildJet is backed by the prestigious Y-Combinator.
Synaptiq.io
Location: Cluj, Romania
Launch date: 2019
Funding Round: Seed, €440K
Funding Source: Cleverage VentureCapital, Fortech Investments, Gapminder VC, Business Angeles
Total funding received: €690K
Synaptiq.io is a software tool that separates cancerous tumors and organs at risk with the help of Artificial Intelligence. Synaptiq.io’s technology saves up to 95% of the time in contouring for radiotherapy. Fast, precise, and automatic tumor contouring is backed by manual corrections if needed. The company has raised a total of €690K in funding over three rounds. The raised investment round is allocated to finalize the European Level Certification of the solution and to conduct the essential clinical trial for its accreditation.
Hyperjob
Location: Riga, Latvia
Launch date: 2021
Funding Round: Seed, €435K
Funding Source: SMOK Ventures, Business Angeles
Total funding received: €535K
Hyperjob is a Latvian-based startup that has created a revolutionary platform to support companies in attracting and hiring top-tier talent. Their technology enables recruiters to create modern, branded job ads that stand out from the crowd and convert better. By offering candidates all the necessary information about the job in an attractive, easy-to-read format, Hyperjob provides an enhanced recruitment experience. The company has raised a total of €535K in funding over two rounds, with their latest round being a seed round in April 2023. Hyperjob's investors include SMOK Ventures and Business Angeles. The raised round allows Hyperjob to launch a few new products and supports the company's expansion across Europe and US.
Supply.Do
Location: Vsetin, Czech Republic
Launch date: 2022
Funding Round: Pre-Seed, €407K
Funding Source: Nation 1
Total funding received: €407K
SupplyDo is a one-stop-shop that provides printing services as well as packaging, catalogs creation, direct mail, and point-of-sale, helping to deliver goods for pharmacies, electronics, cosmetics, and automobiles. SupplyDo, backed by Nation 1, will now be able to allocate the raised sum of €407K to the company’s expansion while reaching a wider customer base.
FIS.solutions
Location: Riga, Latvia
Launch date: 2011
Funding Round: €250K
Funding Source: Expansion Capital
Total funding received: €250K
FIS.solutions operates since 2011, creating a loan management system for online and offline lenders with an individual approach. FIS.solutions currently runs on a plug & play SaaS system and integration services for custom features development and system connections, enabling their clients to use customizable, no-code lending solutions. FIS.solutions platform fully automates the lending process - from customer onboarding through loan origination to loan servicing, collateral management, and finally warnings and debt collection.FIS.solutions, backed by Expansion Capital, has raised a total of €250K. The funds raised during this round will be utilized to expand the company team and bolster the development of its technology.
Sources: Vestbee VC & startup community, startup press releases, web & social media monitoring, Crunchbase
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