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# CEE Startup & Tech Weekly: Balkan-founded Startup Raises Over $100M in New Funding
- URL: https://www.therecursive.com/cee-startup-tech-weekly-balkan-founded-startup-raises-over-100m-in-new-funding/
- Published: 2026-05-29T10:59:18.000Z
- Updated: 2026-05-29T10:59:18.000Z
- Author: The Recursive
- Tags: Deals, News, CEE Weekly, CEE, #wp, #wp-post, #Import 2026-05-14 12:22

*The Recursive’s weekly roundup aims to cover key tech developments across Central and Eastern Europe, as well as the growing impact of CEE-born founders on the global stage. Take a look at the latest news in funding, startup milestones, and emerging trends tied to the region’s innovation potential.*

## CEE news & deals

[Fonoa](https://www.therecursive.com/croatian-founded-fonoa-secures-110m-series-c-and-acquires-pwcs-tax-platform/), a **Croatian-founded**, Dublin-based tax automation platform, has just armed itself for a significant new offensive, announcing a dual manoeuvre that has turned heads across the finance and technology sectors: **a $110 (€94.5) million Series C funding round and the strategic acquisition of the Indirect Tax Edge platform** from PricewaterhouseCoopers (PwC).

**Lithuanian Kopa.ai**, an agentic AI platform that lets e-commerce teams delegate real work to intelligent AI agents that think and act like seasoned operators, has raised **€2 million** in seed funding. The round was co-led by XTX Ventures and Practica Capital, with participation from Inovia Capital and angel investor Etan Ilfeld.

**Brno-based** JIC Ventures has invested in **Czech startup Webout** as part of a **€1.65 million** seed round led by Seed Starter SK, with participation from Energy Venture Pals. Webout has developed a platform for creating hyper-personalised videos at scale and is now expanding into the US market, with co-founder Michal Orsava relocating to San Francisco to lead the effort. 

**Bulgarian** LAUNCHub Ventures [has appointed Zagreb-based Vedran Blagus](https://www.therecursive.com/vedran-blagus-joins-launchub-ventures/) as its new associated partner, tasked with leading the firm’s expansion across Croatia, Slovenia, and the Western Balkans. Blagus, who previously spent 8 years at South Central Ventures, brings deep regional expertise and a clear mandate: to make LAUNCHub the first-choice partner for the region’s best founders.

## CEE Funds investing cross borders

**Greek venture capital** **firm** [Big Pi Ventures led a US $30 million Series B](https://www.therecursive.com/big-pi-ventures-leads-30-million-series-b-into-construction-robotics-firm/) round into Australian robotics company August Robotics, backing autonomous robot fleets that drill and mark floors across hyperscale construction sites worldwide.

**Czech** **Purple Ventures** has invested **€450,000** in British startup Fether Labs alongside international investors including Chapter One and the a16z Scout Fund. Fether Labs is developing a novel gesture-control wristband that tracks the movement of tendons beneath the skin, enabling users to control computers, AR devices, robots and industrial machines without cameras, controllers or touchscreens.