Here is a list of some interesting deals from Central and Eastern Europe (CEE), seen in October. Often overlooked by big US and Western European investors, the region offers many good deals, at much cheaper valuations compared to the US market.
South African-based global internet and media company, Naspers announced a US$1.2bn transaction to become the largest shareholder in Avito, the leading online classifieds platform in Russia. Naspers initially invested in Avito, Russia’s largest generalist classifieds platform, in 2013. Since then the company successfully expanded into classifieds verticals.
Estonian Funderbeam, the subscription service for startup and investor research, has raised €655k from angel investors and 3TS Capital Partners, taking the company to €1.75m in total funding. This is the company’s final seed round as it builds the world’s startup marketplace based on blockchain technology. Funderbeam also participated in the pitch competition of this year’s EU-Startups Conference.
Russian VC fund Maxfield Capital has invested £300,000 in British property startup eMoov. Property start-up eMoov raised £2.6m in an oversubscribed crowdfunding round via Crowdcube; the largest ever investment in a property tech (proptech) company on the equity-based platform. 795 investors backed the campaign, taking it over its initial target of £1m, with backers including venture capital firms Episode 1 Ventures, and Startive Ventures, alongside start-up accelerator Seedcamp. Launched in 2010, eMoov claims to be one of the UK’s most successful online estate agencies selling properties for fees of £595 +VAT and has sold over 4,500 properties through its site since launch.
Czech VersionPress raised $400,000 in funding from Credo Ventures. VersionPress is a next-generation WordPress admin & backup tool that is powered by Git. The tool enables a user to undo anything (including database changes), clone & merge sites and maintain efficient backups – all with unmatched simplicity.
Lithuania might be a small country somewhere in the Eastern Europe, but it has already established its name in the startup scene. Big names like Vinted, Pixelmator or GetJar already raised more money than an average person earns in his or her lifetime – And these companies have gotten a lot of coverage in the international media. ArcticStartup showed fresh young Lithuanian companies which have great potential in becoming the country’s next unicorns.
Russian billionaire Alisher Usmanov has invested “$100 million or more” in Virtus.pro, a popular local e-sports platform. The investment will be used by Virtus.pro to launch new tournaments, support new games, create media channels and build new esports arenas, says Anton Cherepennikov, co-owner of the Russian organisation.