Hungarian startup Kodesage has secured €2.3 million in a pre-seed funding round for its AI platform, designed to modernize legacy software.

Budapest-based startup Axoflow raises $7 million in a seed funding round to improve access to high-quality security data and reduce SIEM costs.

Hungarian VC firm PortfoLion Capital Partners has acquired a minority stake in the Polish e-commerce platform 4FIZJO.

Budapest-based EIT Jumpstarter has awarded €150,000 to 24 science-based startups from 21 countries, out of 49 teams that competed across 9 categories.

Budapest-based edtech startup Voovo has secured $500,000 in a pre-seed funding round led by Techstars.

Vestbee spoke with Balázs Haszonics, CEO at Lead Ventures, and Henrik Néninger, the firm's Associate, to discuss the performance of the first fund, emerging growth funding trends, and plans for its €100 million fund.

Budapest-based payment processing platform PastPay has raised €12 million, led by Platina Capital, with participation from MBH Fintechlab, Advance Global Capital Ltd, Quantic Financial, STRT Holding Nyrt., and BNL Start Partners Kft.

Budapest-based VC Lead Ventures has launched a €100 million fund to support CEE startups. This fund will help companies improve their product-market fit and expand into new markets.