Tech

SeedBlink crowdfunding platform completes €3mn series A financing

bne IntelliNews May 28, 2021

Fundraising for European expansion includes €1.1mn raised through Seedblink's own platform.

Bucharest-listed cybersecurity firm Safetech to raise funds for UK expansion

bne IntelliNews May 27, 2021

Safetech Innovations has benefitted from the need to ensure security during the shift to work from home.

Lithuania's sole tech unicorn Vinted expands to Canada

bne IntelliNews May 26, 2021

Thomas Plantenga says Canada is a "great fit" for the second-hand clothing platform as interest in the circular economy grows.

Spain’s Glovo to buy Delivery Hero’s business in six Southeast European countries for €170mn

bne IntelliNews May 26, 2021

Barcelona-based delivery company interested in the emerging Europe region where people have embraced on-demand delivery platforms.

Romania's SeedBlink crowdfunding platform to raise funds for European expansion

bne IntelliNews May 26, 2021

SeedBlink has become a crucial part of the early stage funding system in Romania, having participated in 45% of the pre-seed and seed financing rounds of Romanian startups in 2020.

Bullish Printful first in Latvia to claim unicorn status

bne IntelliNews May 24, 2021

Printful is an on-demand printing and warehousing company that has achieved rapid growth in recent years.

The average income of couriers is up to twice the average regional salary

bne IntelliNews May 23, 2021

E-commerce is booming in Russia, but it relies on an army of couriers that are now earning up to twice the average salaries in Russia’s far flung regions, RBC reported citing a recent study.

A new wave of funds: Russian investors assert themselves on the domestic and global markets

East West Digital News in Moscow May 21, 2021

The Russian venture scene is tiny, but vigorous: several new funds were announced over the past few weeks, targeting a variety of sectors and geographies, sometimes with very specific approaches.

Start-up report highlights 100 “unicorns-to-be” from Eastern Europe

East West Digital News in Moscow May 21, 2021

Emerge, a major conference held last week to highlight the start-up and venture scene of the ‘New East,’ has published a selection of 100 promising startups from the region, reports East-West Digital News (EWDN).

Moscow Exchange acquires banking and insurance marketplace

East West Digital News in Moscow May 21, 2021

Moscow Exchange has taken control of Inguru, a major marketplace for insurance and banking products. As a result of the transaction, Moscow Exchange has got a 70% stake in the company, and could increase it to 100% over a period of five years.

Russian internet watchdog decides not to block Twitter

bne IntelliNews May 21, 2021

Russian internet watchdog Roskomnadzor has decided not to block Twitter after the US company deleted over 90% of the material the state organ had objected to, the organ said in a press release on May 15.

Romania’s IT&C market forecast to grow by 15% p.a. until 2025

bne IntelliNews May 20, 2021

IT&C services market grew by 23.4% y/y in 2020 amid shift to remote working and online services during the pandemic.

Regional winery Purcari invests in online wine retail platform

bne IntelliNews May 17, 2021

Bucharest-listed Purcari bought a 10% stake in 8Wines.com, a fast-growing online retailer of wines.

Visitors to Serbia’s Exit Festival can buy tickets with bitcoin

bne IntelliNews May 16, 2021

Exit CEO and founder Dusan Kovacevic says he wants the festival to be at the forefront in utilising new technologies and engaging with its tech savvy audience.

Free electricity in northern Kosovo allows bitcoin mining to flourish

bne IntelliNews May 13, 2021

The number of miners and cryptocurrency investors in Kosovo have increased in recent years as the value of bitcoin started to rise rapidly in 2017.

Russian mapping major 2GIS acquires Belarusian geo-marketing start-up

East West Digital News in Moscow May 12, 2021

2GIS, a leading mapping service owned by Sber, is in the process of acquiring RocketData, a successful geomarketing start-up from Belarus.

Car-sharing service “for the people” launches in Moscow and St. Petersburg

East West Digital News in Moscow May 12, 2021

The Moscow Department of Transport has launched a car-sharing platform, which it says is similar to US service Turo. Currently in test mode with 100 participants, the app is available on the App Store and Google Play.

Bulgaria to get region's most powerful supercomputer

bne IntelliNews May 11, 2021

Bulgarian unit of France’s Atos completes Euro HPC supercomputer with a €11.5mn investment.

Payten acquires North Macedonia e-commerce company Grouper

bne IntelliNews May 10, 2021

Launched in 2011, Grouper serves more than 200,000 customers in cooperation with over 3,000 companies that sell their products and services online.

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