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. Below is a list of startups from the CEE region that received funding during August.
ICEYE, € 9.4M
Location: Polish-founded, with HQ in Espoo, Finland
Founded in: 2014
Total funding received: €452M
Recent funding sources: Vinci S.A.
ICEYE develops and operates a constellation of microsatellites that provide high-resolution radar imagery of the Earth, capable of capturing data regardless of weather conditions or time of day. The fresh capital will fuel the expansion of the company’s SAR satellite constellation and bolster its role in Poland’s defence sector through programs such as the recently signed MikroSAR agreement with the Ministry of National Defence.
Fluence Technology, €6.5M in a seed round
Location: Warsaw, Poland
Founded in: 2016
Total funding received: €7.4M
Recent funding sources: Vinci S.A., Radix Ventures, JR Holding, Altamira, Vigo Ventures, Bitspiration Booster, and private investors, including Zbigniew Łukasiak
Fluence Technology develops ultrafast, fiber-based femtosecond lasers — maintenance-free tools that deliver precision for industrial, medical, and scientific applications, ranging from micromachining to photonics. The startup will use the fresh funding to advance its laser technologies, broaden industrial, medical, and scientific applications, and scale internationally.
Bisly, €4.3M
Location: Tallinn, Estonia
Founded in: 2018
Total funding received: €15.8M
Recent funding sources: 2C Ventures, with participation from Aconterra, Pinorena, the founders of Foxway, and state-backed SmartCap (Green Fund backed by the EU’s NextGenerationEU)
Bisly provides a scalable, AI-powered building automation platform that combines cloud-based software with proprietary hardware. It uses patented digital-twin mapping and real-time optimization to reduce energy use and costs. The startup will use the proceeds to deepen its presence in the DACH region and the UK, open a new office in Poland, expand its engineering team, and launch a wireless retrofitting product line.
Handwave, €3.6M in a seed round
Location: Riga, Latvia
Founded in: 2021
Total funding received: €4M
Recent funding sources: Practica Capital, with participation from FIRSTPICK, Outlast Fund, and Inovo VC
Handwave provides a secure, contactless palm-scan system for payments, ID verification, and loyalty rewards. It utilizes vein pattern scanning and liveness detection for authentication and integrates seamlessly with existing POS systems. The new funding will accelerate product development, regulatory approvals, and the rollout in Europe and the US.
Vocal Image, €3M in a seed round
Location: Tallinn, Estonia
Founded in: 2021
Total funding received: €3.8M
Recent funding sources: Educapital, Specialist VC, Generations Fund
Vocal Image is an Estonia-based startup offering an AI-powered voice coaching app designed to enhance communication skills. With over 4 million app downloads and 160,000 active users, the platform provides personalized training to improve articulation, public speaking, and recovery from speech disorders. The recent seed funding will support product development, expand AI capabilities, and grow the user base.
Creem, €1.8M in a pre-ssed round
Location: Tallinn, Estonia
Founded in: 2024
Total funding received: €2M
Recent funding sources: Practica Capital, Antler, multiple angel investors
Creem is a fintech startup providing financial solutions for AI-native businesses. The platform supports automated payments, financial operations, and tailored financing for AI startups. The fresh funding will accelerate product development, expand services, and strengthen Creem’s market presence.
Orbital Matter, €1M in a pre-seed
Location: Warsaw, Poland
Founded in: 2022
Total funding received: €2.2M
Recent funding sources: Early Game Ventures
Orbital Matter develops 3D printing solutions for in-space manufacturing. Their technology enables the production of tools and components directly in orbit, reducing dependence on Earth-supplied materials. The funding will advance technology readiness, support upcoming space launches, and bring the company closer to commercial operations.
Better Medicine, €1M in a pre-seed
Location: Tartu, Estonia
Founded in: 2020
Total funding received: €6M
Recent funding sources: Soulmates Ventures, Specialist VC, UT Ventures
Better Medicine develops AI-powered tools for the early detection of kidney cancer. Its CE-certified platform analyzes medical imaging for faster, more accurate diagnosis. The recent seed funding will enable the startup to expand its diagnostic capabilities, enhance AI algorithms, and accelerate market entry into healthcare institutions.
Buylo, €640k in a seed round
Location: Brno, the Czech Republic
Founded in: 2025
Total funding received: €640k
Recent funding sources: Purple Ventures
Buylo automates retail and warehouse operations using AI and RFID technology. The startup aims to implement a 10-second self-checkout system, thereby improving efficiency and enhancing the customer experience. The recent funding will help scale technology, expand operations, and deploy in more retail locations.
FlatHub, €446k in a seed round
Location: Krakow, Poland
Founded in: 2022
Total funding received: €446k
Recent funding sources: Digital Ocean Ventures and an angel investor Vladyslav Muzhylivskyi
FlatHub is the company behind Gaius-LEX, an AI-powered legal assistant designed to support lawyers and law firms. The recent funds will be used to support the further development of Gaius-LEX in both Poland and international markets.
Symfio, €210k in a pre-seed round
Location: Prague, the Czech Republic
Founded in: 2019
Total funding received: €210k
Recent funding sources: JIC Ventures and business angels
Symfio offers cloud-based software for financial reporting, analysis, and planning, consolidating data from multiple sources into a single platform. The startup intends to use the funding to accelerate the integration of its AI Financial Office, expand sales and marketing efforts, enhance brand visibility, grow its customer base, and hire key talent.
Outfino, €185k in a pre-seed round
Location: Budapest, Hungary
Founded in: 2025
Total funding received: €185k
Recent funding sources: OUVC
Outfino is an AI-powered personal style advisor that helps users navigate fashion by analyzing outfits and providing real-time feedback. The platform uses advanced image recognition technology to deliver personalized style guidance for any occasion. Outfino plans to use the funding to further develop its AI and image recognition capabilities and support growth initiatives aimed at reaching a wider audience.
