Today, we're going deep into the most intriguing CEE fundraising rounds that occurred in December, the final month of Q4 2022. This time, investors were interested in Software, Blockchain, Cryptocurrency, Financial Services, and FinTech.
Let's look at the top 10 December startup investment rounds in CEE!
Treblle
Location: Zagreb, Croatia
Launch date: 2020
Funding Round: Series A €6.6M
Funding Source: Nauta Capital
Total funding received: €7.9M
Treblle, founded in 2020 with headquarters in Zagreb, Croatia, offers an API monitoring and analytics tool that assists DevOps in consolidating and scaling their APIs and APIOps, presently supporting 16 languages. It enables engineering and DevOps teams to design, distribute, and manage REST-based APIs more quickly. Treblle recently received a €6.6M series A investment from Nauta Capital.
Utorg
Location: Tallinn, Estonia
Launch date: 2020
Funding Round: Seed €4.7M
Funding Source: Dragonfly, hypra.fund, TA Ventures
Total funding received: €4.7M
Utorg is a finance startup that offers a new on/off-ramp as well as Web3 consumer infrastructure to give a better user experience. The company, established in 2020 and headquartered in Tallinn, Estonia, provides virtual currency exchange against fiat money, a virtual currency wallet service, and exchange between two virtual currencies. It just completed a seed round of €4.7M from Dragonfly, hypra.fund, and TA Ventures.
Apeiron Synthesis
Location: Wroclaw, Poland
Launch date: 2009
Funding Round: Seed €4.5M
Funding Source: Adamed Group, Aper Ventures, Polski Koncern Naftowy Orlen
Total funding received: €4.5M
Apeiron Synthesis is a Poland-based company that provides catalytic olefin metathesis technology to agrichemicals, fine chemicals, perfumes, plastics, and pharmaceutical companies. They create catalysts that have a wide range of applications in medicine, tastes, and perfumes, as well as the synthesis of polymers and rubber. The startup has received a seed investment round of €4.5M from Adamed Group, Aper Ventures, and Polski Koncern Naftowy Orlen.
Pathway
Location: Paris, France
Launch date: 2020
Funding Round: Pre-seed €4.2M
Funding Source: Market One Capital, Inovo Venture Partners, Roger Crook, Lukasz Kaiser
Total funding received: €4.2M
Pathway is a game-changing programming tool for business clients that enables real-time machine learning on live event feeds. In logistics and other industries, the organization serves as a consolidated source of truth from raw data. It was founded in Paris by a Polish-French female duo. Their employees include ex-Googlers, the world's top competitive programmers, and specialists in machine learning applied to logistics. They recently raised €4.2M in a pre-seed round headed by Market One Capital, Inovo Venture Partners, Roger Crook, and Lukasz Kaiser.
Watalook
Location: Vilnius, Lithuania
Launch date: 2015
Funding Round: Seed €3M
Funding Source: byFounders, Crosspring, Motieka & Audzevičius, Practica Capital
Total funding received: €4M
Watalook is a beauty booking platform that allows users to find and schedule beauty providers, who can streamline the booking and payment processes, issue automatic reminders, and show all service information in one spot. The company is from Lithuania, and its primary markets are currently Lithuania, the UK, the US, and Norway. Watalook just received a seed round of €3M from organizations such as byFounders, Crosspring, Motieka & Audzeviius, and Practica Capital.
Fusebox Energy
Location: Tallinn, Estonia
Launch date: 2014
Funding Round: Seed €2.5M
Funding Source: Eneco Ventures, PKO BP
Total funding received: €4M
Fusebox Energy is a global company that builds virtual power plant layers and offers the flexibility of electricity use to energy markets and balancing services. Fusebox is an Amazon-style marketplace, which provides the essential technology and know-how to local businesses that have the required flexibility or access to it through their existing client portfolios. This Estonian startup has recently secured a seed round of €2.5M from Eneco Ventures and PKO BP.
Miros
Location: Tallinn, Estonia
Launch date: 2018
Funding Round: Seed €2.1M
Funding Source: Tera Ventures, ZAKA VC, Day One Capital, Specialist VC
Total funding received: €2.1M
Tallinn-based Miros helps customers find fashion when they don't know how to define it or even what they need. Its system provides buyers with a new language to express what they are looking for, which is significantly richer and more precise than any existing search technology. The company recently received €1.8M from a pre-seed financing round led by Tera Ventures and ZAKA VC.
Flinn Comply
Location: German, Bulgaria
Launch date: 2022
Funding Round: Pre-seed €1.8M
Funding Source: N26, Speedinvest, SquareOne
Total funding received: €1.8M
Established in 2022, Bulgarian Flinn Comply enables medical device makers to automate quality and regulatory processes, making compliance work 10 times more efficient. Flinn Comply team is driven to improve the health of millions of people across the world by making it easier for medical firms to develop and run products. They built a customer-centric, experimentation-driven product development strategy to make this goal a reality. The startup has raised €1.8M in a pre-seed round led by N26, Speedinvest, and SquareOne.
walk15
Location: Vilnius, Lithuania
Launch date: 2019
Funding Round: Seed €600K
Funding Source: 70Ventures, EIT Urban Mobility
Total funding received: €1.1M
Walk15 is a Lithuanian worldwide walking platform that uses its app to encourage individuals to walk every day while also providing a steps challenge solution for businesses. The solution assists companies in addressing the issues of low staff participation in physical exercise and a lack of sustainability education. Their mission is to make the world a better and more sustainable environment. The startup has recently secured a seed round of €600K from 70Ventures and EIT Urban Mobility.
Undelucram
Location: Bucharest, Romania
Launch date: 2011
Funding Round: Seed €200K
Funding Source: Gapminder VC
Total funding received: €837.5K
Undelucram is a Bucharest-based business that offers companies a platform with unique solutions for employer branding and targeted recruiting, allowing them to communicate with current, potential, and past employees. Companies may develop a top employer brand by responding to feedback, posting new opportunities, and promoting their corporate culture as creatively as possible. They recently raised €200K in a seed round from Gapminder VC.
Sources: Vestbee VC & startup community, startup press releases, web & social media monitoring, Crunchbase
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