HomeAcquisitionsThe top startup deals in Central and Eastern Europe this June

The top startup deals in Central and Eastern Europe this June

Every month I’m gathering together some of the most interesting deals from Central and Eastern Europe (CEE). Often overlooked by big US and Western European investors, the region offers many good deals, at much cheaper valuations compared to the US market.

Russian oligarch Roman Abramovich continues investing in Israel. After an investment into equity crowdfunding platform iAngels, he invested $2.5 million in total in two Israeli startups, Safer Place and Mobilibuy (Update – July 2023: The article seems to be not visible anymore, and we therefore deactivated the original link).

Todd Wagner, CEO and founder of Chideo, announced the acquisition of Prizeo, a celebrity-based charitable fundraising platform. Prizeo, a UK-Slovak business founded by Oxford students and Y Combinator alumni is a digital fundraising platform that enables influencers to use technology to mobilise their fan base to raise maximum amounts of funding and awareness for their chosen causes.

Guard Systems has acquired Hungarian fleet management company MyFleet for an undisclosed amount.

Ukrainian startup Kwambio has begun TechStars accelerator programme in Boston and raised $650K in funding. Kwambio has developed a platform for the customisation and 3D-printing of interior-related items, fashion accessories, and gadgets. With the help of the accelerator’s mentors, Kwambio hopes to rapidly grow in key indicators (after releasing their platform in late July) and to prepare the printer for mass production by the end of the year. “Our company is focused on international markets, primarily in the United States and Europe. We are planning to strengthen our position in Boston,” said Kwambio’s founder and CEO Volodymyr Usov.

Slovakia-based Neulogy Ventures has expanded its portfolio with a new investment in Meet’n’learn, an online marketplace connecting prospective students and tutors. The platform currently operates in Germany, Austria, Czech Republic and Slovakia.

Latvian company Reach.ly empowers e-retailers with information about the individual behaviour of visitors, and provides tools to engage in real-time (Update – July 2023: The website seems to be out of use, and we therefore deactivated the original link). The firm is looking for investors with SaaS or e-commerce background who can help with their experience and network.

Lithuanian company PlateCulture, which helps you find a home in Southeast Asia to dine in, to together meet interesting people and eat authentic food, has received €200K in funding from Practica Capital (Update – July 2023: The website seems to be out of use, and we therefore deactivated the original link).

By the way: If you’re a corporate or investor looking for exciting startups in a specific market for a potential investment or acquisition, check out our Startup Sourcing Service!

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Pavel Curda
Pavel Curdahttps://cz.linkedin.com/in/pavelcurda
Pavel Curda is an entrepreneur, marketer, storyteller and writer. With experience from various multinational companies, he now helps connect startups and corporates @pavelcurda www.investably.co https://www.linkedin.com/in/pavelcurda/

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