VC & Startup Weekly News From CEE, September 17 - 23, 2022

New VC Funds

German VC Visionaries Club raises €400M across early-stage and growth stage funds and debuts a deep tech vehicle. The firm will back pre-seed to growth stage startups building B2B solutions/products.
Glovo founder closes a €50M early-stage Yellow Fund fund. The firm will fund startups from southern Europe as well as other countries where Glovo operates.
Dutch VC Rockstart raises a €30M emerging tech fund. The firm will back European startups across Industry 4.0, Advanced Analytics, Smart Societies, Digital Health, Data Privacy/Security.

Latvian lending fintech Sun Finance issues €50M worth of bonds to finance its further growth plans.
Estonian crypto trading platform 3Commas raises a $37.9M series B to further develop the app and expand its trading ecosystem. The round was led by Target Global, Alameda Research, Jump Capital, as well as Copper's CEO Dmitry Tokarev.
Estonian-found neobank Monese grabbed $35M in funding. The investment was made by the HSBC banking group.
Czech biotech company aiming to treat leukemia CasInvent Pharma picks up €1.3M to continue the research. The round was raised from KHANU as well as i&i Biotech Fund.
Mobile game developer Madcore Games raises an undisclosed round for further game development. The round was led by SMOK Ventures and followed by Ludus Ventures.
Polish data-sharing API service Trusted Twin grabs a $1M pre-seed round to kickstart the operations. The round was led by ff Venture Capital, Presto Ventures, Movens Capital, RKKVC, Startup Wise Guys, and a number of angel investors.

Accelerating an industry 4.0 startups from Spain: Startup Wise Guys Bilbao accelerator seeks B2B startups for its 5-month program. Those accepted for the acceleration will get up to €100k in funding, mentorship and training. The applications are open till the 3rd of October.
Danish VC Seier Capital announces a €10M grant program for web3 projects building on top of the Concordium blockchain. The program can provide equity-free grants of €5k to €50k, and up to €100k+ investment.
Ageas insurance group calls for applications for its open innovation program. Those accepted into the program will be able to validate their solution with proof-of-concept across the group. Applications for the program will close on the 30th of September.