Prague-based online grocer Rohlik Group, the first Czech unicorn, announced this summer that it had successfully raised 160 million euros in fresh growth capital. The investment was led by the European Bank for Reconstruction and Development (EBRD), alongside existing investors Sofina, Index Ventures, Quadrille, and TCF Capital and complemented by growth capital funding from the European Investment Bank (EIB) under its Scale-Up
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The members of TechAngels, Romania’s first and largest angel investor network, invested EUR 1,013,000 in the first half of 2023, a third of the investments made in H1 2022. Caution was the key word for investors worldwide, with Europe seeing both lower investment volumes (down 60.7%) and fewer financing deals closed. The volatile macroeconomic context has led to both investors and founders
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Romania-born human intelligence platform Nestor, announced a $2 million seed round. Lead investor, Eleven Ventures has been an early backer and key part of scaling into the global markets of companies such as Payhawk and Gtmhub in verticals like fintech and the future of work. “Every employee is unique. We envision a world where every employee receives the right opportunity at the
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In the first half of this year, Poznan-headquartered retailer Zabka opened 577 new stores bringing the chain’s total number of outlets to over 8,500. More than 7,200 are operated by franchisees, which the company says is contributing significantly to the development of micro- and small businesses in Poland. “We continue our development – not only are we opening more sites, but we
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Croatian entrepreneur Mate Rimac, the founder and CEO of electric supercar producer Rimac Automobili, has invested in Gruntek, a local innovative agri-digital project. Gruntek (a diminutive of the local term for an estate, a farm) has developed an app allowing Croatians to rent small allotments. These plots are cultivated by professional gardeners who guarantee the tenants fresh, organic vegetables. Through the app,
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British fintech Revolut says that Romania has become its second-biggest retail market globally, after the UK. Moreover, the $33 billion company states that Bucharest has the highest concentration of Revolut users in the EU, as one in three working-age inhabitants uses the financial superapp. Since its launch on the Romanian market in May 2018, when only 9.7% of the Romanian population used internet banking,
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Bucharest-listed Bittnet Systems, an IT&C solutions integrator and provider of training services in the IT sector, sold 11.9% of Dendrio Solutions to Agista Investments, part of Impetum Group for a total amount of 7.5 million lei. Dendrio Solutions represents the reunion of three companies well-known on the Romanian market: Bittnet, Gecad Net, and Crescendo. The company is the only multi-cloud integrator in
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