Poland’s Inovo Reaches ~USD99m Final Close for Third Fund for CEE Startups
Poland-based Inovo VC reached a EUR100m final close for its third fund, investing in pre-seed to Series B rounds in Central and Eastern Europe. Read more… Read More
Andreesen Horowitz Leads USD56m Series B for Estonia’s Ready Player Me
Andreesen Horowitz led a USD56m Series B for Ready Player Me, an Estonia-based developer of cross-game avatars for the metaverse, with participation from Endeavor, Collab Currency, Konvoy Ventures, and founders from Roblox, Twitch, King Games, Fractal and others. Read more… Read More
3TS Capital Invests in Romania’s evoMAGfor ~USD2m
3TS Capital, through its second Catalyst Romania fund, acquired a minority stake in evoMAG, a Romania-based e-commerce retailer, for EUR2m (~USD2m). Read more… Read More
Balderton Capital Leads USD7m Seed Round for Turkey’s Agave Games
Balderton Capital led a USD7m seed round for Agave Games, a Turkey-based casual games developer, with participation from Felix Capital and 500 Global. Read more… Read More
Abris-backed GreenGroup Acquires Lithuania’s UAB Ecso
Abris Capital Partners acquired UAB Ecso, a Lithuania-based polyethylene recycling company, through its portfolio company GreenGroup for an undisclosed amount. Read more… Read More
Flashpoint Venture Capital Reaches USD102m Close for Early-stage VCIII Fund
Flashpoint Venture Capital reached a USD102m final close for its VCIII Fund surpassing its USD100m target. The vehicle focuses on global Series A B2B software companies with founders from CEE and Israel. Széchenyi Funds agreed to invest USD20m in the fund, becoming Flashpoint’s first institutional limited partner. Read… Read More
Sunman Group Acquires Romania’s Noriel Group; Enterprise Investors Exits
Enterprise Investors through its private equity fund Polish Enterprise Fund VII has sold its 100% stake in Romania-based toy manufacturer Noriel Group to Turkey-based Sunman Group for an undisclosed amount. Enterprise Investors acquired Noriel in 2016 from Axxess Capital and Noriel’s founders for EUR24m (~USD24m).Read more… Read More
Earlybird Digital East, Stride.VC and Launchub Ventures Invest USD4.5m in Seed Round for Romania’s Sessions
Earlybird Digital East, Stride.VC and Launchub Ventures invested USD4.5m in a seed round for Sessions, a Romania-based video conferencing platform. Read more… Read More
Creandum Leads USD18.6m Series A for Czech Republic’s Better Stack
Creandum led a USD18.6m Series A for Better Stack, a Czech Republic-based software monitoring platform for developers, with participation from Susa Ventures, K5 Global, Credo Ventures and angels. Read more… Read More
Abris-backed GreenGroup Acquires Romania’s SIGAD
Abris Capital Partners acquired SIGAD, a Romania-based developer of environmental reporting software, through its portfolio company GreenGroup for an undisclosed amount. The acquisition launched GroupGroup’s circular innovations division. Read more… Read More
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