Startups Category: Startups

Startup investment in Central and Eastern Europe: A ground-breaking research

Already recognized for their engineering excellence, several countries of Central and Eastern Europe (CEE) are now emerging on the global startup scene.

Thus for the past couple of years Belarus, Estonia, Russia, Ukraine and some other countries of the region have seen their local companies assert themselves on the international market, raise considerable funding and/or be acquired by global companies.

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Ukrainian-British startup Poptop raises £120,000 to expand in the UK

Newcastle-based Poptop.fm has secured £100,000 from the Finance for Business North East Proof of Concept Fund, which is managed by Northstar Ventures. An additional £20,000 came from an undisclosed angel investor.

Presenting itself as “an international event concierge service,” the startup offers a range of services including “music entertainment, catering, decoration, photography and event planning,” to name a few.

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US machine learning startup with Ukrainian R&D raises $54 million

DataRobot, a machine learning platform that helps enterprises build predictive models at speed, has raised $54 million in a Series C funding round led by existing investor New Enterprise Associates (NEA), reports VentureBeat.

The company has an R&D office in Kyiv (Kiev), with up to 200 employees working there, according to DOU.UA, an authoritative local industry resource.

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Ukrainian startup Ugears sells eco-toys in 80 countries

When the first wooden mechanical models created by Ukrainian startup Ugears went on sale, they were an immediate hit with adult model-makers all over the world, while their “little helpers” could only watch.

But now kids from the age of five can take up the absorbing hobby of modeling, with a range of Ugears’ wooden models designed for kids now available.

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Ukrainian smart blinds track the sun to generate electricity

SolarGaps, which has designed “the world’s first solar smart blinds,” is among CB Insights’ list of 92 renewable energy companies outside the US that have raised equity funds since 2015. It is the only startup from Central and Eastern Europe featured in the listing.

The review covers residential, commercial, and utility-scale renewable projects, as well as renewable-powered consumer products. Only equity deals and convertible notes are included.

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Petcube launches livestream on Facebook, wins Emma Watson’s heart

The US-Ukrainian startup Petcube, which offers an interactive device to keep people connected with their pets, has just announced a new feature in the latest version of its app.

Thanks to this app, iPhone users can now broadcast their pets live on Facebook. Petcube is the first HD pet camera to do so, says the company. The Android-powered app will be upgraded soon.

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CallPage secures €1 million from Polish fund

CallPage, a Polish startup with Ukrainian roots, has attracted €1 million in yet another round of investment from Polish venture fund bValue. The news was reported by Ukrainian tech blog AIN.UA last week.

The investment will be used primarily to develop services in Poland and Western Europe, says the fund in its press release.

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Ukrainian smart voice-recording pendant overreaches its crowdfunding goal in just 36 hours

Senstone, a Ukrainian-designed AI-powered wearable voice recorder, reached its fundraising goal of $50,000 just 36 hours after the launch of its campaign on Kickstarter. It has even been listed among the top 20 most popular projects in all categories.

As of today, Senstone has attracted nearly $63,000 from 677 backers.

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How Ukrainian startups attracted global attention at CES 2017

Earlier this month, the International Consumer Electronic Show (СES-2017) attracted more than 200,000 visitors to Las Vegas. This year, for the first time, Ukraine had organized a dedicated exhibition area to show eight of its brightest startups and products.

This ‘UaTech Expo Zone’ was The Ukrainian Expo was organized  jointly by the Ukrainian Venture Capital and Private Equity Association (UVCA) and Western NIS Enterprise Fund (WNISEF), a USAID-funded organization. It was located in the Eureka Park among seven national exhibition areas, including those of  France, Holland, Israel and the Czech Republic.

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Ukrainian teams invited to apply to leading European B2B startup acclerator and receive €20,000 (deadline: Jan 31)

Early stage B2B startups from Ukraine and other Eastern European countries are invited to apply for a three-month Startup Wise Guys acceleration program, which will take place this spring in Tallinn.

Twenty-five pre-selected teams will participate in three-day finals on February 20-22 in Tallinn. The program will include more than 20 one-on-one mentor and investor meetings, as well as business training.

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