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. Below is a list of startups from CEE that received funds during February.
Nomagic, €42M in Series B
Location: Warsaw, Poland
Founded in: 2017
Total funding received: €71.2 million
Recent funding sources: EBRD Venture Capital, SignalRank Corporation, Khosla Ventures, Almaz Capital
Nomagic provides smart pick-and-place robotic solutions for order fulfilment. Its solutions automate tedious tasks while reducing fulfilment costs, allowing warehouses to face labour shortages and scale to 24/7 operations. The fresh funding will support the startup in expanding deployments across Europe and further developing AI and robotics technology.
Atrandi Biosciences, €24M in Series A
Location: Vilnius, Lithuania
Founded in: 2016
Total funding received: €29.6 million
Recent funding sources: Lux Capital, Vsquared Ventures, Metaplanet, Practica Capital, GRIDS Capital
Atrandi Biosciences develops Semi-Permeable Capsule (SPC) technology, which enables high-throughput experiments while keeping each cell separate. The €24 million Series A funding will help the startup expand into the US market and advance its biological research approach.
Bible Chat, €13.4M in Series A
Location: Bucharest, Romania
Founded in: 2023
Total funding received: €13.4 million
Recent funding sources: True Ventures, Play Ventures, Early Game Ventures, Silicon Gardens, Underline Ventures
Bible Chat develops AI-powered solutions for Christian communities. These solutions offer users personalized, biblically grounded support, prayer assistance, and 24/7 guidance. The Series A funding will help Bible Chat accelerate growth through product development, marketing, and expansion into new markets.
Whalebone, €13.35M in Series B
Location: Brno, Czech Republic
Founded in: 2016
Total funding received: €16.8 million
Recent funding sources: Unbound, Day One Capital
Whalebone develops advanced, user-centric cybersecurity solutions for telecommunications providers, ISPs, enterprises, governments, and public institutions. The fresh Series B funding will drive Whalebone’s global expansion, accelerate product development, and support growth in the enterprise and public sectors.
Wealthon, €115.5M
Location: Warsaw, Poland
Founded in: 2019
Total funding received: €144 million
Recent funding sources: 3TS Capital Partners, Fortress Investment Group
Fintech startup Wealthon provides integrated financial solutions for small and medium-sized businesses. In February, the startup secured €115.5 million in equity and debt financing. The proceeds will allow Wealthon to develop its products further, strengthen its sales network, and prepare for international expansion to broaden its reach.
Bethink, €5.9M
Location: Poznan, Poland
Founded in: 2017
Total funding received: €5.9 million
Recent funding sources: TDJ, Pawel Maj
Bethink offers an e-learning product that combines technology, educational publishing, and direct learning experiences. The startup will use the fresh investment to expand its team, launch a platform for learning mathematics with other high school subjects in 2026, and strengthen its brands.
Trace.Space, €3.8M in a seed round
Location: Latvian-founded with HQ in Miami, US
Founded in: 2022
Total funding received: €5.2 million
Recent funding sources: Cherry Ventures, Outlast Fund, Nebular, Fiedler, and Change Ventures
Trace.Space is an AI-powered platform built to help engineers manage product requirements for complex industrial products like electric vehicles, satellites, and medical devices. The fresh funding will enhance the startup’s AI-driven platform, improve cloud-based features, and expand collaboration and traceability tools.
UVIONIX, €3.3M in a seed round
Location: Bulgarian-founded with HQ in Los Angeles, US
Founded in: 2024
Total funding received: €3.3 million
Recent funding sources: LAUNCHub Ventures, PortfoLion, Underline Ventures, Robin Capital
UVIONIX is a robotics and automation company specializing in autonomous inventory management. It will use the $3.5 million seed funding to accelerate product release, expand its market presence in the US and Europe, and forge strategic partnerships with logistics and retail companies.
Crown, €2M in a seed round
Location: Ukrainian-founded with HQ in Paris, France
Founded in: 2024
Total funding received: €2 million
Recent funding sources: HEARTFELT_, Kima Ventures, Backbone Ventures, Another.vc, Apok Invest, ZAS Ventures, Prequel VC, and Bpifrance
Crown is a B2B procurement technology company that simplifies buying with its online auction platform. The startup will use €2 million to scale its electronic auction platform, enhance its AI technology, and expand its team. The funds also will help accelerate growth, improve user experience, and drive the company's mission to modernize procurement.
Pulsetto, €2M in seed round
Location: Vilnius, Lithuania
Founded in: 2021
Total funding received: €3 million
Recent funding sources: Scalewolf
Pulsetto is a healthtech startup that specializes in vagus nerve stimulation for stress relief, mental resilience, and sleep optimization. The recent €2 million seed investment will allow the startup to expand its technology beyond the wellness market into defence applications, aiming to help militaries manage stress and mental fatigue.
Pointship, €1.8M in seed round
Location: Tallinn, Estonia
Founded in: 2021
Total funding received: €2.1 million
Recent funding sources: Startup Wise Guys
Pointship develops a digital asset marketplace that allows users to manage, exchange, and utilize assets like loyalty rewards, game credits, and event tickets. The startup will use the recent funding to improve its platform’s technology, making it easier for users to trade digital assets and expand into the European market.
grid.online, €1.5M in a seed round
Location: Prague, Czech Republic
Founded in: 2024
Total funding received: €1.5 million
Recent funding sources: Reflex Capital, J&T Ventures, Grid Invest
grid.online offers a shared transportation network for parcel delivery through an API-driven platform that connects clients with flexible, efficient capacity. The startup will use €1.5 million to hire key talent, improve courier onboarding, and scale its operations to meet growing demand from clients and couriers.
CulturePulse, €1.45M in Series A
Location: Bratislava, Slovakia
Founded in: 2021
Total funding received: €2.4 million
Recent funding sources: Rockaway Ventures
CulturePulse develops ARES, an AI-powered behavioural and psychological digital twin that allows users to test content for audience resonance before launching it live. The startup plans to use its Series A investments to expand the team and accelerate product development.
GaltTec, €1M in a pre-seed round
Location: Tartu, Estonia
Founded in: 2022
Total funding received: €1 million
Recent funding sources: 2C Ventures, DefCAP, Bitsick, ModulEnergy
GaltTec develops microtubular solid oxide fuel cells (MT-SOFCs). These cells provide high power density, durability, and flexibility, which makes them ideal for drones, IoT devices, off-grid equipment, and space applications. The recent funding will accelerate the development of GaltTec's technology and support expansion into global markets.
Edmund, €500k in a preseed round
Location: Ostrava, Czech Republic
Founded in: 2023
Total funding received: €500,000
Recent funding sources: Lighthouse Ventures, Czech Founders VC, Borovicka Capital, and Tensor Ventures
Edmund develops AI-powered solutions designed to simplify manufacturing troubleshooting and maintenance processes. The startup will use a €500,000 investment to enhance its platform, expand into US and international markets, and scale its team. It plans to raise a larger seed round in 2026 to accelerate growth.
