Every month, Vestbee compiles a list of the most significant financial rounds closed in Central and Eastern Europe and the broader European region, providing details on each deal. You can find below a list of startups from CEE that received funds during August.
MMI, €7.7M
Location: Byszewo, Poland
Founded in: 2018
Total funding received: €7.7 million
Recent funding sources: Vinci S.A
MMI is a Polish family-owned company that manufactures tourist and city buses using IVECO and Mercedes chassis, offering both diesel and compressed natural gas (CNG) power options. The recent €7.7 million in funding will enable MMI to develop electric buses in three variants: low-entry, low-floor, and standard-floor vehicles.
Biomatter, €6.5M in a seed round
Location: Vilnius, Lithuania
Founded in: 2018
Total funding received: €7 million
Recent funding sources: Inventure, Metaplanet, Practica Capital, UVC Partners
Lithuanian biotech startup Biomatter develops an intelligent architecture platform that aims to overcome limitations in current engineering methods and open new avenues for protein design and development. Its solution allows for the creation and customization of enzymes based on specific needs and applications across various industries, including chemical manufacturing, agriculture, food, and life sciences. The fresh round will enable Biomatter to further develop the platform.
Knihobot & Bookbot, €4M in a Series A
Location: Prague, the Czech Republic
Founded in: 2019
Total funding received: €4.65 million
Recent funding sources: Genesis Growth Equity, Miton
Knihobot & Bookbot is a Czech digital second-hand books platform, which buys and sells pre-owned books. In August, it raised €4 million in a Series A funding round, bringing its valuation to over €20 million. The startup plans to double its revenue by the end of this year and to further expand its second-hand online bookstore within the DACH markets.
Codery, €2.6M
Location: Sofia, Bulgaria
Founded in: 2019
Total funding received: €2.6 million
Recent funding sources: Silverline Capital
Codery, a Bulgarian company, specializes in outsourcing and managing IT talent for infrastructure and employment. It recently secured a €2.6M investment from Silverline Capital. Codery's platform has already connected businesses with over 70,000 remote software engineers, allowing them to hire legally without forming a new company or paying upfront.
UP Catalyst, €2.36M in a seed round
Location: Tallinn, Estonia
Founded in: 2016
Total funding received: €8.45 million
Recent funding sources: Extantia Capital, Little Green Fund, Scottish Baltic Invest, SmartCap, Sunly, UniTartu Ventures, Warsaw Equity Group
Based in Tallinn, UP Catalyst produces carbon nanotubes and graphite from CO₂ emissions, providing a secure supply chain for applications such as electric car batteries, concrete, and biomedicine. Recently, it has secured €2.36 million to develop an industrial pilot reactor capable of processing 100 tons of CO₂ annually and producing 27 tons of advanced carbon materials.
Myceen, €2M in a seed round
Location: Tallinn, Estonia
Founded in: 2019
Total funding received: €2 million
Recent funding sources: EIT Climate-KIC, Enterprise Estonia, Estonian Research Council
Estonian Myceen develops high-performance insulation and acoustic solutions for sustainable construction by using mushroom mycelium and organic waste. In August, the startup closed €2 million investment that will help it to develop a pilot factory, broad product range, and advance the commercialization of mycelium-based building materials for house producers and resellers.
Eany.io, €2M in a seed round
Location: Lithuania
Founded in: 2024
Recent funding sources: Market One Capital, Practica Capital
Lithuanian startup Eany.io develops a B2B platform designed to simplify the trade of electronics, household items, and DIY products. The platform collects stock data from manufacturers, distributors, and stores, offering a central hub for transactions and product access. The recent funding from Market One Capital and Practica Capital will support Eany.io in accelerating and optimizing its operational processes.
Tingit, €500k in a pre-seed round
Location: Vilnius, Lithuania
Founded in: 2023
Total funding received: €500,000
Recent funding sources: FIRSTPICK, BADideas.fund, PurposeTech, HEARTFELT_
Lithuanian Tingit offers fashion repair solutions for shoes, bags, and clothes. To use the service, clients need to upload a short video of the item they want to repair, complete the payment, and give the item at the nearest drop-off point. The recent €500,000 funding will help the startup launch the Service Provider Gateway, enabling repair specialists to offer their services independently.
Revoize, €458k in a pre-seed round
Location: Warsaw, Poland
Founded in: 2023
Total funding received: €458,000
Recent funding sources: AIP Seed, Marcin Zukowski
Polish startup Revoize develops noise reduction and speech enhancement technologies. In August, it secured €458,000 in a pre-seed round from AIP Seed and Marcin Żukowski, co-founder of Snowflake and Vectorwise. With recent funding, Revoize aims to develop advanced algorithms and establish itself as a leader in voice communication quality improvement technology.
CBRX, €275k in a pre-seed round
Location: Vilnius, Lithuania
Founded in: 2023
Total funding received: €275,000
Recent funding sources: ScaleWolf, FIRSTPICK
CBRX, formerly known as Cyberalert, is a Vilnius-based incident analysis platform that aims at saving cybersecurity professionals time. In August, ScaleWolf VC and FIRSTPICK invested €275,000 in the startup’s solution, which CBRX will use to launch the product, grow its team, and further develop the technology.
The Linghos, undisclosed round
Location: Polish-founded startup with HQ in Delaware, the US
Founded in: 2022
Recent funding sources: Simpact Ventures, SMOK Ventures
The Linghos develops an AI-based speech therapy app for kids. The app diagnoses speech impediments, recommends personalized therapy, and offers engaging mobile games for exercise. The capital raised in August will allow the startup to expand its team, especially by hiring additional AI developers and engineers, and to set premiere dates for launching its application in countries beyond Poland.
GAMEE, undisclosed round
Location: Prague, the Czech Republic
Founded in: 2015
Total funding received: €3.83 million
Recent funding sources: Pantera Capital, Ton Ventures
Based in Prague, GAMEE is a Web3 gaming firm and a division of Animoca Brands, a Hong Kong-based game software company. In August, the company raised an undisclosed round from TON Ventures and Pantera Capital. The investment will support GAMEE in further development of its ecosystem, including the WatBird Mini App.
