CEE news & deals

Kyiv-based logistics AI startup Cargofy has raised $11 million (€9.6 million) in a Series A round, including $6 million in primary funding and $5 million in secondary transactions. Founded in 2023 by Stakh Vozniak, Alex Kovalchuk, and Dimitri Alexiou, Cargofy develops AI-powered “digital workers” that automate end-to-end freight operations for shippers, carriers, and third-party logistics providers.

Warsaw-based Microamp has secured €6.5 million from the European Innovation Council to develop Any-G, a software-defined wireless platform engineered to support 5G, 6G and future network standards from a single architecture, without replacing physical infrastructure.

Czech-Slovak Sloneek, cloud-based HR and workforce management platform, secured oversubscribed $6M (€5.18M) Series A round led by Orbit Capital and Venture to Future Fund. The company wants to extend its platform beyond HR by integrating with systems used across finance, marketing and other departments.

Slovak startup Definic, previously known as Nordics, raised €2.5 million ($2.9 million) in seed funding to help enterprises pick the right IT vendors through AI-driven vendor intelligence and benchmarking. The round was funded by J&T Ventures (lead), Seed Starter ČS (Česká spořitelna), Slovak Investment Holding (SIH).

Lithuanian defense-tech startup PDKINEMATICS secured a €2 million seed round co-led by Coinvest Capital and Iron Wolf Capital to scale production and deployment of its battlefield-proven Gannet precision guidance system for UAVs across Europe, Ukraine, and NATO markets. 

Poland-based agritech company OneSoil, which develops AI-powered precision agriculture tools, has secured €1 million in funding from Yury Melnichek, co-founder of Melnichek Investments.

Growth across the ecosystem

Poland has become an equity investor in ElevenLabs, the $11B AI voice company founded by Polish childhood friends Mati Staniszewski and Piotr Dąbkowski. Through Vinci, the venture arm of state-owned development bank BGK, the country is putting $11M directly into the startup, taking a minority stake in return.

Beyond the equity, the fund is also launching AI Lab Poland — a national initiative to help early-stage AI startups access capital and connections of the kind that took ElevenLabs global, and that the company can now pay forward.

New fund

Kos Biotechnology Partners, founded by Greek-American life sciences investors Dr. Simos Simeonidis and Alex Tzoukas, recently announced the third closing of its inaugural fund at $123 million (€106 million), making it the largest debut venture capital fund ever raised in Greece, and one of the largest first-time life sciences fund launches in Europe.

The fund focuses on bringing US biopharma expertise and capital to emerging life sciences opportunities across Greece and the broader European market.

Cross-country collaboration

Ukraine and France have launched BRAVE FRANCE, a new defense tech initiative backed by a joint €20 million fund from Ukraine’s BRAVE1 and France’s Defense Innovation Agency (AID).

The program will support Ukrainian and French companies developing military technologies for frontline needs, with grants of up to €1 million. The first call for projects opens in September, focusing on missile systems, drones, and advanced air defense solutions.

"The deal represents a highly strategic, win-win format of international partnership: Ukraine gains immediate access to battlefield-changing European technologies, while France secures a unique opportunity to adapt its defence innovations to a high-intensity modern war," said Mykhailo Fedorov, The Minister of Defence of Ukraine.

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