Ivan Stupachenko
POLAND
🎮 Tencent to Buy Majority Stake in Polish Gaming Studio Techland
Techland, the Polish gaming studio behind the popular Dying Light series, said on Monday that Chinese company Tencent is set to become its majority shareholder, marking another strategic investment by Tencent in the gaming industry while Techland retains ownership of its intellectual property and creative independence. [Source: VentureBeat]
THE BALTICS
🎟️ Estonian Ticket Seller Buys Czech Ticket Seller to Widen European Presence
Estonian ticket-selling and promotion company Piletilevi acquires an 80% stake in Czech ticket marketplace GoOut, aiming to expand its European presence as it recently acquired Romanian ticket-selling platform Bilete. [Source: BalticVC]
💼 EU to Facilitate Hi-Tech and Creative Export from Latvia
The European Union Structural Fund (EUSF) plans to invest $81 million in 1500 Latvian small and medium-sized enterprises, to boost innovation and product development in high technologies and creative industries. [Source: BalticVC]
🚗 Latvian Electric Car-Sharing Startup OX-Drive Raises €2.5M in Funding
OX-Drive, a Latvian car-sharing venture specializing in electric vehicles such as Tesla and Porsche Taycan, secured €2.5M in financing from a group of investors. The major investor was its parent company, Latvian Eleving Group, while notable business angels, including the CEO at Planet 42, Estonian entrepreneur Einar Roosileht, and Latvian entrepreneurs Roberts Stugis and Renat Lokomet. [Source: BalticVC]
🔋Japan’s Marubeni Invested in Energy Storage Devices
Skeleton Technologies, an Estonian developer of electrochemical energy storage devices, secures investment from its Japanese partner Marubeni Corporation, propelling the adoption of its supercapacitors known for their high power density, fast charging and discharging capabilities, and extended lifetimes, with major clients including Siemens, General Electric, and Shell. [Source: BalticVC]
UKRAINE
💼 PrePly Secures $70 Million Investment for AI-Based Language Learning Ukrainian startup Preply has successfully raised $70 million in funding to enhance its language learning platform. The company plans to deploy an artificial intelligence (AI) assistant capable of creating practical exercises, grammar explanations, and facilitating conversational language learning. [Source: Dou.ua]
🇺🇦 Google Launches a Special Course to Boost Ukrainian Exports Tech giant Google has launched a course to help Ukrainian entrepreneurs bring their products to the international market and promote the use of Google tools. The course will cover essential topics such as market entry strategies, leveraging Google tools for export, identifying experienced partners, and achieving rapid business scaling. [Source: TechUkraine]
🇺🇸 American IT Company Settles Complaints in Compensation Deal
US-based firm Edible Arrangements, accused of withholding compensation from its Ukrainian team, has reached an agreement with former employees after the issue went public. The company has agreed to pay the owed compensation, contingent on the employees removing all complaints posted on social media. [Source: Dou.ua]
🇺🇦 IT Educational Lab to Drive Innovation in Lviv Ukrainian IT company Intellias has signed a long-term partnership with Franko National University of Lviv to establish the IntelliMapLab educational laboratory. The collaboration will offer students access to cutting-edge technologies, mentorship from industry experts, and advanced knowledge in developing navigation systems for the automotive industry. [Source: Dou.ua]
UZBEKISTAN
📈 Uzbekistan Launches E-Commerce Course for Women IT Park company in Uzbekistan will introduce a free e-commerce course called ShE-Commerce, targeting young mothers on maternity leave or pregnant women. The course will provide valuable knowledge on selling products and services remotely. [Source: Spot.uz]
💳 Uzbekistan and South Korea Enable Seamless Cross-Border Payments Uzbekistan’s payment platform HUMO and South Korea’s BCcard have signed a cooperation agreement to establish a cross-country payment service. The collaboration aims to facilitate smooth international money transfers and advance the adoption of no-touch payment methods, such as QR-code-based systems. [Source: Spot.uz]
KAZAKHSTAN
💻 E-Commerce Sales Soar in Kazakhstan The e-commerce turnover in Kazakhstan surged by 300% in 2022, reaching nearly $4.5 billion, according to the national statistics service. A significant portion of this revenue was generated by online marketplaces, while the rest came from companies selling products through their own e-commerce platforms. [Source: Profit.kz]
🎓 University in Kazakhstan Issues NFT-Based Diplomas Kazakhstan British Technical University (KBTU) has issued non-fungible token (NFT)-based diplomas for its graduates. The NFT diplomas, developed in collaboration with student startup JASAIM, provide instant verification of diploma authenticity and safeguard against counterfeiting. [Source: Profit.kz]
RUSSIA-AFFILIATED STARTUPS
💸 Healthcare FinTech Startup Collectly Raises $29 Million Collectly, a Russia-born FinTech startup based in the U.S., has secured $29 million in funding from several investors. The company specializes in providing financial services in the healthcare industry and plans to use the funds to expand its team, develop new products, and explore the integration of AI into its offerings. [Source: RB]
🌍 Russian Startup Postilla Aims for Global Expansion
Russian startup Postilla, which offers IT services for restaurant management, is eyeing international markets and plans to scale its sales three to five times through global expansion efforts. The company is also exploring the integration of AI for developing innovative restaurant dishes. [Source: RB]
Natalie Novakova
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