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# CEE Startup & Tech Weekly: Czech Startup Reaches Nearly Half-Billion-Euro Valuation
- URL: https://www.therecursive.com/cee-startup-tech-weekly-czech-startup-reaches-nearly-half-billion-euro-valuation/
- Published: 2026-07-03T11:35:08.000Z
- Updated: 2026-07-05T10:29:35.000Z
- Description: 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.
- Author: The Recursive
- Tags: CEE Weekly, News, CEE companies

[**EquiLibre**](https://www.therecursive.com/equilibre-technologies-raises-series-a-at-eur438m-valuation-to-scale-ai-trading-agents/) has raised a **Series A round at a €438M valuation**, marking a sharp increase from its previous funding rounds. The Prague-based startup had earlier secured a **$10M (€8.8M) seed round** led by Blossom Capital at a **€122.8M valuation**, following a pre-seed investment from Credo Ventures, an early backer of companies including ElevenLabs and UiPath.

[Prague-based **Wultra**](https://www.therecursive.com/czech-wultra-raises-eur6-8m-series-a-to-expand-post-quantum-digital-identity-platform/), a startup developing post-quantum authentication and digital identity solutions for banks and fintechs, has secured **€6.8M in Series A funding** to accelerate its international expansion and product development. The round was led by **Seventure Partners**, with participation from **ARIADNEXT** founders Marc Norlain and Guillaume Despagne, as well as existing investors **J&T Ventures** and **Elevator Ventures**.

[Croatian startup **Hypefy AI**](https://www.therecursive.com/hypefy-influencer-marketing-series-a-aymo-ventures/)has raised **€6.3M** ($7.2M) in a Series A round led by **AYMO Ventures** — a Croatian VC fund backed by the European Investment Fund and the Croatian Bank for Reconstruction and Development — with participation from existing investors **Interactive Venture Partners, Oktogon Ventures, and Euroventures**.

Romanian VC [**GapMinder**](https://www.therecursive.com/gapminder-ventures-launches-e80m-fund-ii-largest-in-romania-to-drive-tech-innovation-across-see/) leads **€2.6M($3M)** seed round in Slovenian startup **Codeplain**, alongside Silicon Gardens. The investment will fund an AI platform that generates production-ready code from plain-language software specifications. Silicon Gardens, a founders-for-founders VC firm with ties to Sportradar, Outfit7, Photomath, Microblink, and Celtra, co-led the round.

[Authologic](https://authologic.com/?ref=therecursive.com), the eID-native identity platform announced that it will give businesses access to identity credentials stored in Google Wallet for KYC/AML verification. Google Wallet already lets users store verified identity credentials issued by governments, banks, or Google itself on their phones. Using Authologic’s OmniID platform, businesses can now accept all these credentials, including Google ID Pass, the digital passport available in various countries around the world.

## CEE funds

**Orbit Capital** [has announced the second closing of its Growth Debt Fund II](https://www.therecursive.com/polish-orbit-capital-closes-eur107m-growth-debt-fund-ii-to-expand-venture-debt-for-cee-scaleups/) at €107M, [surpassing its initial fundraising target](https://www.therecursive.com/orbit-capital-venture-debt-fund-cee-tech/) (announced at €100M) and further strengthening its position as one of Central and Eastern Europe's leading venture debt investors. The fund will provide non-dilutive financing to technology companies that have moved **beyond Series A**, targeting businesses generating at least €3M in annual revenue and growing by **more than 30% year over year**. Investment tickets will range from **€3M to €15M** and are intended to support international expansion, acquisitions, working capital, and capital expenditure.

Romania's Western region has launched its [first dedicated venture capital fund](https://www.therecursive.com/romanias-west-region-gets-its-first-vc-fund/). **Asternova Vest**, developed by a Romanian-French consortium of Aster Capital Partners, Iceberg+, and Venture Booster, targets **€37M** and will back 18+ tech startups at Seed and Series A with tickets between €500K and €4M. The fund is structured as a French FPCI, managed by Aster Capital Partners — an AMF-authorized firm with over €600M under management across eight funds and a portfolio of nearly 100 companies.

**Fortech Ventures** announces the launch of a **€34 million investment** fund and its transition to a new public identity, **Nucleo Ventures**. Developed in partnership with the North-West Regional Development Agency (ADR Nord-Vest), the fund will invest in startups and innovative companies across Romania and Central and Eastern Europe, with the goal of supporting a new generation of internationally scalable businesses and strengthening Romania’s North-West Region as a destination for entrepreneurs, investment, and technology talent, focused on sectors: Health, Manufacturing, Energy, Finance, and Defence.