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 16 startups from CEE that received funds during June.
Creatio, €185M
Location: HQ in Boston, the US, this Ukrainian-founded company has offices in Kyiv and London
Founded in: 2014
Total funding received: €250M
Recent funding resources: Sapphire Ventures, StepStone Group, Volition Capital, Horizon Capital
Ukrainian-founded no-code CRM and workflow platform Creatio raised €185 million in funding at a valuation of $1.2 billion, becoming the sixth unicorn with Ukrainian roots. With the fresh funding, Creatio plans to develop and expand its partnerships, grow its team, and drive innovations in no-code and AI.
Quantum Innovations, €9.5M in a Convertible Note
Location: Warsaw, Poland
Founded in: 2018
Total funding received: €10.1M
Recent funding resources: Vinci, Medtech Holding
Polish medtech startup Quantum Innovations offers medical solutions to enhance safety in cardiac surgery, cardiology, and pulmonary medicine. The startup secured €9.5 million (PLN 41 million) led by Vinci IQ ASI, with participation from Medtech Holding to establish its production line, conduct regulatory and clinical tests, obtain certification, and expand into major global markets.
CampusAI, €9.2M in a pre-seed round
Location: Warsaw, Poland
Founded in: 2023
Total funding received: €9.2M
Recent funding resources: Maciej Zientara
CampusAI, a Warsaw-based startup, develops a platform for efficient AI use, allowing users to create virtual worlds, attend classes, and customize learning paths. The fresh €9.2 million raised in pre-seed funding will enable CampusAI to build a virtual campus for AI training and expand abroad.
Bisly, €6.2M in a Series A
Location: Tallinn, Estonia
Founded in: 2018
Total funding received: €11.5M
Recent funding resources: Aconterra, Paul Kristian Padrik, Pinorena Capital, SmartCap, Urvo Männama
Tallinn-based smart building automation platform Bisly raised €6.2 million in Series A funding round to expand its technological solutions in European markets further, focusing on Germany and the UK. The startup develops hardware and software solutions that address smart buildings' scalability, cost, and integration challenges.
Cookie3, €5.1M
Location: Tallinn, Estonia
Founded in: 2021
Total funding received: €7.4M
Recent funding resources: Animoca Ventures, Baboon.VC, Big Brain Holdings, Castrum Capital, ChainGPT Ventures, Dewhales Capital, GSR, Hartmann Capital, LD Capital, Mapleblock Capital, Oddiyana Ventures, Orange DAO, Polkastarter, SkyVision Capital, The Spartan Group, and private investors
Estonian Cookie3 is a blockchain startup specializing in behavioral analytics by interpreting customer profiles through wallet history. The startup secured €5.1 million in a funding round to help fund the launch of its governance and utility token, $COOKIE.
Esper Bionics, €4.6M
Location: Kyiv, Ukraine
Founded in: 2019
Total funding received: €4.85M
Recent funding resources: YZR Capital, EBRD, u.ventures
Engineering and tech startup Esper Bionics, which develops advanced robotic limbs and controllers, has raised €4.6 million. The funds will support research and development, increase production, and enhance their bionic ecosystem, with a focus on producing more of their main product, the AI-powered Esper Hand.
Portal.ai, €4.6M in a pre-seed round
Location: Ukrainian-founded startups with HQ in Redwood City, the US
Founded in: 2023
Total funding received: €4.6M
Recent funding resources: StratMinds VC, AGI House Ventures, BBQ Capital, The Patel family office, Amanda Schloss family office, Broocknell Ventures
Ukrainian startup Portal.ai, which helps small to medium-sized organizations make operational decisions by centralizing data and functions, has secured €4.6 million in a pre-seed round to assist business owners in implementing its AI suggestions.
SensusQ, €3.8M in a seed round
Location: Tallinn, Estonia
Founded in: 2020
Total funding received: €5.7M
Recent funding resources: New North Ventures
Estonian defence tech startup SensusQ offers defense intelligence software that integrates a vast array of data sources to provide comprehensive and actionable intelligence for military units. The startup secured €3.8 million to grow its workforce and address market demand by leveraging the expertise, strategic support, and global network of its new partners.
Spike, €3.2M in a seed round
Location: Lithuanian startup with HQ in Palo Alto, the US
Founded in: 2022
Total funding received: €3.9M
Recent funding resources: Latvian Practica Capital, TheVentureCity, Axel Springer Porsche (APX), CEAS Investments, Plug & Play Ventures, Geek Ventures
Lithuanian data tech startup Spike, which enables healthcare and digital health companies to integrate AI into their applications, raised €3.2 million in seed funding in June. The funds will be used to expand its capabilities in medical, wearables, and IoT sensor data aggregation and to develop safe, compliant generative AI products.
Proofs, €2.4M in a pre-seed round
Location: Warsaw, Poland
Founded in: 2023
Total funding received: €2.4M
Recent funding resources: Earlybird Venture Capital, Expeditions Fund, Step Function Ventures, RTP Global
Polish-founded startup Proofs which develops software that allows companies with APIs to use AI agents to build proof-of-concept apps in minutes, tailored to their prospects' needs, has secured €2.4 million in pre-seed funding. The capital raised will enable proofs to improve its product, grow its team, and fund its GTM preparation, focusing on mid-market and enterprise US customers.
SprayVision, €2M in a Series A round
Location: Pustkovec, Czech Republic
Founded in: 2019
Total funding received: €2.6M
Recent funding resources: J&T Ventures, Momenta
Czech startup SprayVision raised €2 million in a Series A funding round, the startup provides digitalization, automation, simulation, and analysis of spray patterns. The fresh funding will enable SprayVision to expedite expansion and innovation, thereby enhancing its position in the digital transformation of coating processes.
Scoutlabs, €2M in a seed round
Location: Budapest, Hungary
Founded in: 2022
Total funding received: €2.1M
Recent funding resources: Interactive Venture Partners, SVG Ventures, DEPO Ventures, Impact Ventures
Budapest-based agritech company Scoutlabs secured $2 million in seed funding to scale its solution in Hungary, the UK, and the US markets. The startup develops a digital trap network to monitor insect migration and swarming, aiming to assist farmers in transitioning to more environmentally friendly methods.
SaleSqueze, €1.4M in a seed round
Location: Skofja Loka, Slovenia
Founded in: 2021
Total funding received: €1.4M
Recent funding resources: Underline Ventures, Robin Capital, Fortech Investments, Super-Angels, Klub 20, and private investors
Slovenian SaleSqueze is a Visual CPQ platform designed for small to medium-sized businesses to streamline complex product sales, including home and garden equipment, outdoor solutions, and industrial components. The startup raised $1.5 million in a round led by Underline Ventures, to further develop its platform to offer self-service capabilities, automate onboarding processes, and fund its entry into new international markets.
heybooster, €770k
Location: Tallinn, Estonia
Founded in: 2019
Total funding received: €930k
Recent funding resources: Ak Asset Management, Arz Portföy, StartersHub Ventures, Lima Ventures, LEAP Investment
Tallinn-based AI-powered analytics platform heybooster, which offers data analysis tools, secured €770,000 in funding round. The fresh capital will aid heybooster to further develop its latest product, heybooster 3.0, which enables users to monitor marketing actions and communicate with customized marketing solutions via its public API.
Elin.ai, €600k in a pre-seed round
Location: Prague, Czech Republic
Founded in: 2023
Total funding received: €700k
Recent funding resources: Presto Ventures, BD Partners
Czech mental health app Elin.ai secured €600,000 in a pre-seed round. The startup aims to reduce the negative impacts of online communication and content consumption on mental well-being. The fresh funding will help Elin.ai fully release its mobile app and grow its user base to 5,000.
Zerops, €500k in a pre-seed round
Location: Prague, Czech Republic
Founded in: 2017
Total funding received: €500k
Recent funding resources: Presto Ventures, Gi21 Capital
Prague-based developer-first PaaS Zerops secured $500,000 in a pre-seed round. The startup will use the capital raised to add first-class integration with popular frameworks and open-source software, expand knowledge, enhance the onboarding process, and to gather traction in preparation for global expansion.
