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 October.
Vorpen AI, €183.6M in a seed round
Location: Vilnius, Lithuania
Founded in: 2024
Total funding received: over €275.4 million
Recent funding sources: Microsoft
Vorpen AI develops AI-driven financial technology, offering solutions for algorithmic trading, market forecasting, and asset management. The fresh funding, led by the company’s existing strategic investor Microsoft, will fuel Vorpen AI’s geographic expansion into global markets, including South America, Africa, and Asia.
Modash, €11M in a Series A
Location: Tallinn, Estonia
Founded in: 2020
Total funding received: over €13 million
Recent funding sources: Change Ventures, henQ
Modash develops a creator partnerships platform that helps consumer brands scale their global influencer marketing efforts. The Series A funding will support the startup’s team in enhancing the influencer payment solution and AI-driven creator discovery, as well as in establishing a customer support team in North America.
E2B, €10.7M in a seed round
Location: Czech-founded, with HQ in San Francisco, US
Founded in: 2023
Total funding received: over €13 million
Recent funding sources: Decibel, KAYA VC, Sunflower Capital Partners
E2B is an open-source runtime designed for executing AI-generated code securely in cloud sandboxes. The platform allows developers to run everything from short code snippets to fully autonomous AI agents. The startup plans to allocate fresh capital to build the next AWS for AI agents and to expand its team by hiring systems and infrastructure engineers.
Oxla, over €10.2M in a seed round
Location: Warsaw, Poland
Founded in: 2022
Total funding received: over €10.2 million
Recent funding sources: 4growth VC, Lead Ventures, TQ Ventures, Warsaw Equity Group
Oxla builds an OLAP database that delivers extremely fast and efficient data processing while using minimal resources, as the startup claims. This makes Oxla’s solution a cost-effective option for businesses looking to improve their analytics. The current funding will be used to enhance its product and accelerate its go-to-market strategy.
all eyes on screens, €10M in a Series B
Location: Zagreb, Croatia
Founded in: 2012
Total funding received: over €19 million
Recent funding sources: J&T Ventures, Lead Ventures, South Central Ventures, Taiwania Capital Management Corporation
all eyes on screens develops AI-driven software that enhances TV and video advertising. The platform leverages audience data from millions of households to optimize ad targeting and improve campaign effectiveness. The current €10 million Series B round will support the startup in its plans to expand in Southeastern and Western Europe and to enhance product offerings across Europe.
Authologic, €7.6M in a Series A
Location: Warsaw, Poland
Founded in: 2020
Total funding received: over €8.1 million
Recent funding sources: OpenOcean, Peak Capital Partners, SMOK Ventures, Y Combinator
Authologic provides a platform that enables businesses to automate identity checks using government-issued e-IDs. The company has integrated over 40 e-ID systems globally, allowing for seamless customer onboarding in sectors such as finance, telecom, and e-commerce. Authologic will use its Series A funding to enhance technology, expand globally, hire more talents, and strengthen compliance.
Eyeball, €5M in a seed round
Location: Prague, the Chech Republic
Founded in: 2020
Total funding received: €5 million
Recent funding sources: Founderment Ventures, Heartland, Sportlogiq, Vendep Capital
Eyeball develops AI and data analytics solutions for football talent recruitment. The startup’s platform has already been used by over 100 football clubs across 27 countries. The recent seed funding will support Eleball in its expansion into key US and Latin American markets and in the development of its technology capabilities.
RedTrack, €2.9M in a Series A
Location: Vilnius, Lithuania
Founded in: 2017
Total funding received: over €3.3 million
Recent funding sources: Insta Ventures, Iron Wolf Capital, Lead Ventures
RedTrack creates an automation and analytics platform tailored for e-commerce media buyers. It connects customers with services like Facebook, TikTok, Google, and Shopify, providing a comprehensive view of their campaign performance in one place. The Series A funding will support RedTrack in developing the AI component of the product and scale in the US.
FaceUp, €2.7M in a seed round
Location: Prague, the Czech Republic
Founded in: 2017
Total funding received: €2.7 million
Recent funding sources: European Investment Fund, Lighthouse Ventures, Reflex Capital, Tilia Impact Ventures
FaceUp creates an all-in-one anonymous reporting platform that fosters a speak-up culture in organizations worldwide. It is designed for easy, anonymous, and secure reporting of wrongdoing, harassment, and fraud. With the raised capital, FaceUp plans to scale operations in the US, Latin America, and the Middle East, and enhance its product offerings, including an AI assistant, a survey solution extension, and an anonymous Q&A tool.
Origin Robotics, €2.4 in a pre-seed
Location: Riga, Latvia
Founded in: 2022
Total funding received: €4 million
Recent funding sources: Change Ventures, Silicon Roundabout Ventures
Founded in response to the full-scale invasion of Ukraine, Origin Robotics specializes in advanced autonomous systems. It develops the BEAK, a man-portable ISR (Intelligence, Surveillance, and Reconnaissance) drone featuring precision guidance technology. The currect funding round will enable the startup to grow its team by hiring key engineering and sales specialists, as well as to further develop its product.
AMLYZE, €2.35M in a seed round
Location: Vilnius, Lithuania
Founded in: 2019
Total funding received: €3.35 million
Recent funding sources: Advanzia Bank, Coinvest Capital, FIRSTPICK, Lithuanian Business Angel Network Practica Capital
AMLYZE provides tools for transaction monitoring, customer risk assessment, and regulatory compliance, helping clients prevent financial crime, enhance security, and protect against reputational and financial damage. The startup plans to use the recent investment to accelerate the development of its platform for anti-financial crime. By leveraging AI and synthetic data AMYZE wants to expand its services to larger corporate and institutional clients.
Zaitra, €1.7M in a pre-seed rounf
Location: Brno, the Czech Republic
Founded in: 2020
Total funding received: €1.7 million
Recent funding sources: Czech Founders VC, European Space Agency, Sunfish Partners, Technology Agency of Czech Republic
Zaitra develops AI technology for smarter in-orbit data processing. Since its inception in 2020, the startup has been involved in key space missions, including Biomission19 on the ISS and SLAVIA, where it contributed onboard data processing solutions. The pre-seed capital will support Zaitra in the further development of its solution for space operations optimization.
Foodsi, €1.2M in a convertible note
Location: Warsaw, Poland
Founded in: 2019
Total funding received: €2.65 million
Recent funding sources: AIP Seed, SATUS Starter
Foodsi provides a platform where restaurants, bakeries, and stores can sell surplus food at discounts of up to 70%. Users can browse available offers, reserve a package instantly, and pick it up later the same day or the next. The startup has already partnered with over 6,000 venues across Poland and plans to continue scaling using the recent investment.
WhiteBridge, over €460k in a pre-seed round
Location: Vilnius, Lithuania
Founded in: 2024
Total funding received: over €600,000 million
Recent funding sources: FIRSTPICK, Scalewolf, First Degree, and Nectolabs
WhiteBridge is developing an AI-powered platform that generates detailed digital identity reports. The platform aggregates, verifies, and analyzes data from over 30 sources, assisting individuals and businesses in managing their online reputation. The current funding will help WhiteBridge expand by boosting brand awareness, hiring software engineers for R&D, and ensuring legal compliance.
