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 July.
RedStone, €13.9M in a Series A
Location: Warsaw, Poland and Baar, Switzerland
Founded in: 2021
Total funding received: €20.7M
Recent funding sources: Arrington Capital, SevenX, IOSG Ventures, Spartan Capital, White Star Capital, Kraken Ventures, Amber Group, Protagonist, gumi Cryptos, Christian Angermayer's Samara Asset Group, and HTX Ventures
Founded by Jakub Wojciechowski and Marcin Kazmierczak, RedStone creates cross-chain data oracle providing pricing data for Smart Contracts & DeFi protocols. At the beginning of July, the startups closed a €13.9 million round led by the US blockchain investor Arrington Capital. With the fresh capital, RedStone plans to expand its marketing and business development teams, and further invest in the products' development.
eAgronom, €10M in a Series A2
Location: Tartu, Estonia
Founded in: 2016
Total funding received: €24.6M
Recent funding sources: ICOS Capital Management, SmartCap, Soulmates Ventures, Swedbank
Founded by Robin Saluoks and Kristjan Luha, Estonian climate tech startup eAgronom aims to help farmers adopt sustainable practices for the health of their soils and the planet. In July, it secured €10 million in a Series A2 equity round to scale its sustainable farming programs. The funding includes €4.2 million raised during a booster round last year, converted into equity, and an additional €5.8 million raised this year.
Leanpay, €10M in a Series B
Location: Ljubljana, Slovenia and London, the UK
Founded in: 2017
Total funding received: €15.5M
Recent funding sources: Black Peak Capital, Catalyst Romania, Lead Ventures, South Central Ventures
Co-founded by Janko Medja, Tilen Zugwitz, and Misa Zivic, Leanpay develops Buy Now Pay Later 3.0 product, providing innovative installment payment solutions for vendors and consumers. The startup has served more than 120,000 customers and 1,500 merchants, iissuing around €103 million in loans across Serbia, Slovenia, Romania, and Hungary. The fresh funding will enable Leanpay to expand its operations and the team.
Synerise, €7.8M in a Series B+
Location: Krakow, Poland
Founded in: 2013
Total funding received: €46.8M
Recent funding sources: VTEX, Marcin Zukowski, Simon Hay
Synerise develops a SaaS platform that helps organizations use AI to personalize experiences, predict future trends and optimize business operations. The fresh funding round came from the US end-to-end omnichannel commerce platform VTEX and business angels, and will fuel the expansion of the startup’s AI-driven behavioral modeling and big data solutions.
.lumen, €5M in a seed round
Location: Cluj-Napoca, Romania
Founded in: 2020
Total funding received: €18.7M
Recent funding sources: European Innovation Council, Venture to Future Fund, private investors
Founded by Cornel Amariei, .lumen develops technology to aid the visually impaired. The startup's key products include the Lumen Glasses and PAD AI, which use pedestrian semantic segmentation to enhance mobility, independence, and safety for blind individuals. The fresh funding includes €4 million from the EIC and Bratislava-based Venture to Future Fund, along with €1 million from private investors via SeedBlink.
Digital First AI, €3.5M in a seed round
Location: Krakow, Poland
Founded in: 2021
Total funding received: €4.5M
Recent funding sources: 4growth VC, Plug&Play Tech Center, Sher Ventures, and Hub71
Digital First AI creates marketing software that leverages AI to optimize plans and produce advertising materials, saving time and maximizing budgets. The company has offices in Poland, the UAE, and the USA. With the fresh seed capital, Digital First AI plans to boost its international presence and expand the list of its corporate clients.
Adam, €3M in a seed round
Location: Prague, Czech Republic
Founded in: 2020
Total funding received: €4M
Recent funding sources: Brighteye Ventures
Co-founded by Roman Sysel and Jakub Dvorak, Adam develops home-service software that helps customers find reliable contractor services online, concentrating mainly on painting and apartment repairs. Adam’s platform operates in 11 European countries, and the fresh €3 million funding will allow the startup to expand its services into non-European regions and broaden its offerings to new trades.
Jeff App, €2.4M in a seed round
Location: Riga, Latvia
Founded in: 2020
Total funding received: €4.5M
Recent funding sources: bd Partners, J12, James Berdigans, Jean-Pascal Duvieusart, Ladislav Bartonicek, Presto Ventures
Founded by Toms Niparts and Reinis Tenis, Jeff App develops a platform that provides underserved populations with competitive credit solutions by creating a client assessment infrastructure. The fresh €2.4 million investment, led by Presto Ventures, will enable Jeff App to grow its team, enter new markets like India and other emerging economies throughout Asia and beyond.
Assisterr, €1.57M in a pre-seed round
Location: Ukrainian-founded, based in London, the UK
Founded in: 2023
Total funding received: €1.57M
Recent funding sources: Web3.com Ventures, MOONHILL CAPITAL, Contango, Outlier Ventures, Decasonic, Zephyrus Capital, Wise3 Ventures, Saxon, GFI Ventures, X Ventures, Koyamaki Ventures, and Lucid Drakes Ventures
Founded by Ukrainians Nik Havryliak and Dmytro Dimenko, Assisterr aims to change the AI industry by leveraging the Solana blockchain to develop small language models (SLMs). Since its inception, Assisterr has gained 150,000 registered users and launched over 60 SLMs for leading Web3 protocols like Solana, Optimism, 0g.ai, and NEAR. The fresh €1.57 million funding will help the startup advance its protocol development.
Doctor.One, €1.1M in a seed round
Location: Warsaw, Poland
Founded in: 2021
Total funding received: €3.7M
Recent funding sources: Vesna Capital, Smartlink Partners, and business angels — Anna Lankauf, Piotr Karwatka, and Tomasz Karwatka
Founded by Tomasz Rudolf and Maciek Malenda, Doctor.One provides a virtual clinic, allowing doctors and patients to interact with each other via texts, video calls, and online chat. To date, its solution is trusted by 3,000 doctors across 33 specialties, including primary care, outpatient clinics, hospitals, and private practices. The proceeds from Ukrainian Vesna Capital and Polish Smartlink Partners will allow Doctor.One to improve its platform.
Tiings, €500k in a pre-seed round
Location: Vilnius, Lithuania
Founded in: 2023
Total funding received: €500,000
Recent funding sources: BADideas.fund, FIRSTPICK, HEARTFELT, PurposeTech
Tiings is a digital-first marketplace focused on simplifying the fashion repair process and promoting sustainability. The startup currently has a working MVP and plans to conduct a test in the UK soon. Pre-seed funding from FIRSTPICK, BADideas.fund, and PurposeTech will support it in this goal.
Rapid Delivery Analytics, €200k in a seed round
Location: Tallinn, Estonia
Founded in: 2021
Total funding received: €550,000
Recent funding sources: New Nordic Ventures
Rapid Delivery Analytics develops a digital shelf analytics solution specifically designed for mobile-first rapid grocery and convenience delivery services. In July, an Estonian startup secured €200,000 in a seed round from its existing investor — New Nordic Ventures. It is a Latvian fund that specilizes on B2B startups from CEE.
RobosizeME, undisclosed seed round
Location: Olomouc, Czech Republic
Founded in: 2022
Total funding received: undisclosed
Recent funding sources: BrightCap Ventures, Botanique Hospitality Management Group, and business angels
Founded by Stephen Burke, Linda Girrbach, and Ivo Brabec, RobosizeME develops a platform that assists hotel chains and large hospitality management companies in enhancing operational efficiencies across all hotel operations. The round was led by BrightCap Ventures from its new fund, BrightCap II, which targets founders from SEE.
