Today, we are delving deep into the most interesting CEE funding rounds that took place in November, the second month of Q4 2022. This time AI, Enterprise Software, Energy, Big Data, and Healthcare attracted investors' interests.
Let’s discover the TOP November startup funding rounds in CEE!
Ramp
Location: Warsaw, Poland
Launch date: 2017
Funding Round: Series B €68M
Funding Source: Balderton Capital, Cogito Capital Partners, Korelya Capital, Mubadala Capital Ventures
Total funding received: €130M
Founded in 2017, Polish Ramp is a cryptocurrency payment startup building a crypto payments infrastructure that allows users to easily exchange fiat currency for cryptocurrencies. Recently secured series B round of €68M from Balderton Capital, Cogito Capital Partners, Korelya Capital, and Mubadala Capital Ventures will be allocated to making the product more accessible for more people and for expanding internationally.
Turbine
Location: Budapest, Hungary
Launch date: 2015
Funding Round: Series A €20M
Funding Source: Accel, Day One Capital, Delin Ventures, Mercia Fund Managers, Merck Global Health Innovation Fund, XTX Ventures
Total funding received: €30M
Hungarian Turbine, founded in 2015, is a company working on a cell simulation platform that can predict the effectiveness of cancer treatments. The platform itself provides a deeper understanding of cancer biology and the potential impact of therapy. Recently secured funding in the amount of €20M from Accel, Day One Capital, Delin Ventures, Mercia Fund Managers, Merck Global Health Innovation Fund, and XTX Ventures will be allocated to further platform development of its AI-powered platform and expanding its team.
Airly
Location: Cracow, Poland
Launch date: 2016
Funding Round: Series A €5.3M
Funding Source: AENU, Cal Henderson (Slack), Firstminute Capital, Marcin Zukowski (Snowflake), Pi Labs, Richard Branson (Virgin Group), Semapa Next, TOVentures, UNTITLED
Total funding received: €11.5M
Poland-based Airly is a cleantech startup that offers a comprehensive SaaS solution for air quality monitoring via a proprietary sensor network delivering real-time air quality data. The startup has recently been supported by AENU, Firstminute Capital, Pi Labs, Semapa Next, TOVentures, UNTITLED, and various business angels like Marcin Zukowski (Snowflake), Richard Branson (Virgin Group), and Cal Henderson (Slack). Secured funding will support the growth and expanding operations.
Supernova.io
Location: Prague, Czech Republic
Launch date: 2016
Funding Round: Seed €4.5M
Funding Source: EQT Ventures, Expedite Ventures, KAYA, Sara Varni, Wing Venture Capital, Y Combinator
Total funding received: €16M
Czechia-based Supernova.io, founded in 2016, is a software startup developing the design system platform that helps product teams work faster and more efficiently. Its recently secured seed round in the amount of €4.5M was led by California-based Wing Venture Capital and was joined by well-recognized names like EQT Ventures, Expedite Ventures, KAYA, Sara Varni, and Y Combinator. The funding itself will accelerate the platform development.
Ecobean
Location: Warsaw, Poland
Launch date: 2018
Funding Round: Seed €2.1M
Funding Source: Ciech Ventures, CofounderZone, InnoEnergy
Total funding received: €6.1M
Warsaw-based Ecobean, founded in 2018, is an ecotech startup with a mission to make the coffee industry more sustainable. The company supports the circular economy by reusing spent coffee grounds, and turning it into raw material, specialty chemicals, and other products. Recently, Ecobean landed a €2.1M seed round from Ciech Ventures, CofounderZone, and InnoEnergy. The secured funding will be used to build a Ecobean Technology Center.
Volteum
Location: Budapest, Hungary
Launch date: 2020
Funding Round: Seed €1.25M
Funding Source: Day One Capital, Fiedler Capital, Oktogon Ventures, Techstars Ventures, business angel
Total funding received: €1.25M
Volteum is a Hungarian startup that works on electric fleet optimization software to enable companies to operate EV fleets easily and cost-efficiently. Software can predict the energy consumption, plan optimal trips, and manage the daily tasks of the fleet. Volteum has recently secured a seed round of €1.25M from Day One Capital, Fiedler Capital, Oktogon Ventures, Techstars Ventures, and business angel, and the obtained funding will be allocated to to expanding activities in the United States and Canada.
Goodlegal
Location: Bucharest, Romania
Launch date: 2021
Funding Round: Pre-seed €1.2M
Funding Source: Credo Ventures, Daniel Dines (UiPath), EarlyBird, Underline Ventures
Total funding received: €1.2M
Romania-based Goodlegal is a legal tech startup that wants to become a one-stop-shop for legal compliance with features like drag-and-drop document builder, editor and text analysis, e-signature, automation, integrations and many more. The startup has recently secured a €1.2M pre-seed round from Credo Ventures, Daniel Dines (UiPath), EarlyBird, and Underline Ventures with a goal to accelerate the platform development.
Licenseware
Location: Bucharest, Romania
Launch date: 2020
Funding Round: Seed €1M
Funding Source: Acequia Capital (AceCap), Early Game Ventures, Fortech Investments, Growceanu Angel Investment, Hellen's Rock Capital, Startup Wise Guys, TechAngels, Transylvania Angels Network, business angel
Total funding received: €1.6M
Romania-based Licenseware is a startup providing an open app ecosystem where users can access a range of third party enterprise apps with competitive licensing fees, underpinned by a public development framework. Licenseware has recently been backed by Acequia Capital (AceCap), Early Game Ventures, Fortech Investments, Growceanu Angel Investment, Hellen's Rock Capital, Startup Wise Guys, TechAngels, Transylvania Angels Network, and business angel in a €1M seed round. Funding will be spent on entering new, strategic markets.
DeepFin
Location: Tallinn, Estonia
Launch date: 2021
Funding Round: Pre-seed €685K
Funding Source: Iron Wolf Capital, Superhero Capital
Total funding received: €685K
Lithuania-based DeepFin is a fintech startup building an automated and engaging finance management platform for freelancers (among available features are seamless invoicing, tracking of payments via open banking, ongoing tax liability estimates and more). Recently secured €685K pre-seed round from Iron Wolf Capital, and Superhero Capital will be allocated to enhancing its product and strengthening the team.
Yaga
Location: Tallinn, Estonia
Launch date: 2019
Funding Round: Seed €2.2M
Funding Source: RubyLight, Specialist VC, Startup Wise Guys, Trind Ventures, business angels
Total funding received: €2.2M
Founded in 2019, Estonia-based startup Yaga is an e-commerce startup designed for everyone who wants to sell items online in a convenient and secure manner. The platform operates mainly in growing markets in Asia and Africa and allows customers to buy and sell second-hand fashion. Yaga has recently closed a €2.2M seed round from RubyLight, Specialist VC, Startup Wise Guys, Trind Ventures, and business angels, while secured funding will be allocated to further platform development and growing the team.
Sources: Vestbee VC & startup community, startup press releases, web & social media monitoring, Crunchbase.
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