Romanian crowdfunding start-up SeedBlink gets 1.2 million euro from Catalyst Romania II
The Bucharest-based crowd equity funding platform SeedBlink has gotten more funding in its Series A from Catalyst Romania II.
SeedBlink, founded in 2022, is a crowd equity funding platform giving anyone an opportunity to invest in start-ups. In May, SeedBlink itself gathered 1.A million euros through its own crowdfunding platform.
“Catalyst Romania has a established track record of successfully purchasing tech companies and playing an energetic role within the portfolio companies towards great exits. SeedBlink can take away the traditional barriers of the financing process, for both investors as well as for many innovative tech start-ups, across Europe,” said Marius Ghenea, managing partner at Catalyst Romania.
With a hefty Series A being them, SeedBlink is now turning its sights to expanding in to the European Union market, which they arrange for the 2nd 1 / 2 of 2022.
“We democratise access to private investments in start-ups, aiming to offer them the very best tools for handling the portfolio strategy, and also the infrastructure required to present all of them with the same advantages and best practices from the venture capital world,” explains Radu Georgescu, SeedBlink's chairman of the board.
So far, the company has showed growth and proved there is an interest in crowdfunding for start-ups. A lot more than 6,000 investors from fifteen countries have participated across 47 campaigns within the last 19 months.
Estonian start-up Eurora closes 2.54 million euro seed round to bring cross-border logistic tools to China
Estonian compliance solutions provider Eurora Solutions has announced the close of the 2.54 million euro (3 million $ $ $ $) seed round, led by Change Ventures with the participation of countless angels, the founders of Printify, Artis Kehris and Janis Berdigans, and founding father of KatanaMRP, Kristjan Vilosius.
Eurora utilizes a powerful AI and machine learning engine to dynamically assign harmonised system (HS) codes to transactions in addition to calculate the appropriate VAT and duty amounts. Additionally, it creates electronic declarations for EU duties and taxes.
Currently, the company is concentrating on Chinese e-commerce platforms, which represent 1 / 2 of the earth's e-commerce volume. The company has already onboarded clients for example UBI, TopYou, Yanwen.
Eurora already processes a lot more than 100,000 e-commerce transactions each day, and volume is anticipated to improve to over a million in 2022.
Solutions like Eurora's are especially significant for those players who wish to do business with the European Union, because of the dramatic changes in EU trade rules which have taken effect on July 1. The new regulations will increase the quantity of customs declarations by more than 900 percent as billions of new declarations should be submitted and processed.
Latvian PrintOnPack raises 450,000 euros to create digitalisation and sustainability to the packaging industry
The soft packaging marketplace start-up PrintOnPack has raised 450,000 euros from Superhero Capital to reform the.
The founders express it still depends on in-person sales and spreadsheets for pricing calculations, also it lacks transparency. Studies have shown that pricing offers for identical orders can vary typically by as much as 88 percent and also over six times between different providers in extreme cases.
“Right now, printing services are discovered through trade shows, costs are calculated in spreadsheets, and orders co-ordinated through phone calls. Due to the hassle to request a deal, businesses rarely change their packaging producer, despite the fact that prices and materials may be superior elsewhere. We're making it easier to obtain information and make the best option for the business and for the environment,” says Ingars Zagorskis, co-founder and CEO.
To solve this problem, PrintOnPack has onboarded over 120 soft packaging providers to provide consumers transparent info on where they are able to produce and for what prices. In just a year, PrintOnPack has processed more than 500 requests from 10 countries and helped to order over 3 million packages.
Currently, PrintOnPack. services the European market, with printing providers based across Europe, CIS countries and Asia. After the entire year they intend to grow the team to 40 people, develop their platform, and increase the order volumes and revenue.
Growceanu, a business angel group targeting start-up investments, intends to invest as much as one million euros in 18 start-ups this year.
In the first quarter of 2022, the group completed a good investment round for Milluu, worth 75,000 euros.
“We are a group of private investors where each member invests their own funds and decides whether to join each startup deal we present to them. We don't possess a rigorous investment budget. When compared with investment funds, we form a network that provides more flexibility for startups. From an investor's perspective, dealing with Growceanu is easy and versatile. Whether they are private individuals, associations, organisations, or investment funds, we're pleased to syndicate and invest together,” says Ciprian Man, certainly one of Growceanu's founders.
Until now, the group's largest investment in Metabeta continues to be signed for 200,000 euros, along with round two for Bright Spaces, amounting to 35,000 euros.
Growceanu is really a group of 17 business angels founded in 2022, interested in start-ups from PropTech, EdTech, SmartCity, Enterprise, Marketplaces, FinTech, and MedTech, that make utilization of technologies such as Artificial Intelligence, SaaS, Data Science, Digital Mapping, and IoT.
Abris-backed logistics technology platform Apaczka buys Sendit
Apaczka, the biggest logistics solutions provider for e-commerce in Poland, backed by Abris Captal Partners, has acquired Sendit, the leading parcel delivery platform for individual customers in the country.
“We are consistently pursuing our means of consolidating the logistics platform market. This transaction allows us to provide advanced solutions to the broadened universe of clients to aid their business activities. It will create a unique platform, offering an array of tools for e-commerce customers, SMEs particularly, but also larger businesses and consumers,” said Marcin Susmanek, COO of Apaczka.
Apaczka operates being an end-to-end multi-carrier shipment intermediary dedicated to e-commerce shops, SMEs, and SOHO (small office and residential office) clients. The company works with leading Polish courier delivery market players for example UPS, DPD, DHL, FedEx and InPost.
Sendit was created this year as part of the Allegro Group. It's one of the fastest growing online platforms offering courier services to local and international clients.
The merger of these two businesses will support Apaczka's transition from a traditional parcel broker model right into a technology-driven provider of e-commerce shipping solutions having a Software like a Service (SaaS) offering model.
Anglo-Dutch Just Eat Takeaway takes over Slovakian Bistro in 50 million euro transaction
Slovakian leading food delivery service Bistro is going to be taken over just by Eat Takeaway, the Amsterdam-based giant within the food delivery game.
Just Eat will reportedly pay around 50 million euros because it takes charge of Bistro from the previous owner Ringier Axel Springer Media.
“With buying of Bistro.sk we're adding a profitable and highly complementary online food delivery platform to the geographical footprint. The company has strong foundations we can develop: a respected position in online food delivery, market-leading top-of-mind brand awareness, and engaging consumer cohorts,” said Just Eat Takeaway's COO Joerg Gerbig.
Latvian Sonarworks raises 5.A million euros to bolster market expansion
Riga-based next-generation audio application producer Sonarworks has closed a 5.1 million euros (6 million $ $ $ $) funding round.
Founded in 2012, initially like a professional audio space, Sonarworks made a splash in 2022 using their Reference 3 product suite.
In 2022, the organization launched SoundID, a piece of equipment learning app that takes a new approach to figure out what music should sound like on the device. Moving away from the one-size-fits-all paradigm, SoundID results in a customised sound profile with different simple hearing ability test. Equipment producers such as Gateway, Drop, and Monoprice have taken notice.
“Karma Ventures has backed Sonarworks since they made their steps for the consumer electronics market. The progress with partners has been impressive and also the signed licensing agreements clearly show the industry has really aroused the interest of the personalised audio trend for which Sonarworks has got the best solution in the market,” commented Karma Ventures' Kristjan Laanemaa.
The newest round was led by Almaz Capital, with participation from Karma Ventures, Trind Ventures, Proks Capital, Smart Growth VC, Wiser Financial Advisors, and private investors Cesar Lamschtein and Victor Yun.
With the new financial injection, Sonarworks plans to expand its licensing operations and expand deeper in to the United States market and undertake Asia.
Polish VC OTB Ventures launches 50.5 million euro growth fund targeting CEE start-ups
Warsaw-based OTB Ventures have announced a brand new growth fund targeting start-ups within the CEE region. Through this fund totalling 50.5 million euros, the VC firm plans many follow-up investments in the portfolio companies.
Founded in 2022 by Adam Niewiński and Marcin Hejka, OTB has raised 160 million US dollars (135.5 million euros).
“OTB Ventures today takes a significant step forward on our mission of enabling the start-up ecosystem of Central and Eastern Europe to achieve its global potential,” says Hejka.