# The Recursive > The relationship infrastructure connecting founders, investors and enterprise leaders across CEE, GCC and DACH through media, market entry and events. Public Ghost content for AI and LLM tooling. Use `/llms-full.txt` for consolidated page and post context. Append `.md` to any post or page URL to get the content in Markdown (for example, `/example-post.md`). ## Pages - [Account](https://www.therecursive.com/account.md) - [Authors](https://www.therecursive.com/authors.md) - [breaking grounds banner](https://www.therecursive.com/breakingground-banner.md) - this page populates the events page. do not remove - [cee forum banner](https://www.therecursive.com/cee-forum-banner.md) - this page populates the events page. do not remove. - [Featured](https://www.therecursive.com/featured.md) - [founder-files-banner](https://www.therecursive.com/founder-files-banner.md) - this page populates the events page. do not remove - [From pilot programme to pan-European impact story](https://www.therecursive.com/from-pilot-programme-to-pan-european-impact-story.md) - [Lead generation in geographies without local presence](https://www.therecursive.com/lead-generation-in-geographies-without-local-presence.md) - [Marketing Operations Build from Scratch Post-M&A](https://www.therecursive.com/marketing-operations-build-from-scratch-post-m-a.md) - [Membership](https://www.therecursive.com/membership.md) - [Privacy Policy](https://www.therecursive.com/privacy-policy-2.md) - Recursive Media JSC (RECURSIVE MEDIA AD), (the “Company” “We“, “Us” and “Our”) is committed to - [Privacy Policy](https://www.therecursive.com/privacy-policy.md) - Recursive Media JSC (RECURSIVE MEDIA AD), (the “Company” “We“, “Us” and “Our”) is committed to protecting and respecting your privacy. This policy sets out the framework on which any personal data we collect from you, or that you simply provide to us, is going to be processed by us. Please read the… - [Putting a fintech in the conversation with Europe's category leaders](https://www.therecursive.com/putting-a-fintech-in-the-conversation-with-europes-category-leaders.md) - [Reports](https://www.therecursive.com/reports.md) - CEE AI Index 2026 AI Chamber, in partnership with The Recursive Media and collaboration of Europe Cloud, has launched the CEE AI Index 2026, the first index focused on assessing the ability of Central and Eastern European countries to develop, operate, and host AI efficiently, safely, and in a gove… - [Sign In](https://www.therecursive.com/signin.md) - [Sign up](https://www.therecursive.com/signup.md) - Don't Miss The Next Deal Get the intelligence your feed doesn't have. Insiders' intelligence on emerging European tech ecosystems and beyond. Built for operators who read past the press release. - [Tags](https://www.therecursive.com/tags.md) - [The Recursive Events](https://www.therecursive.com/the-recursive-events.md) - [The Recursive Group](https://www.therecursive.com/the-recursive-group.md) - Our work Three pillars, one mission. We build the relationship infrastructure for expanding tech ecosystems — connecting high-growth regions to the world's next leaders through media, new market entry services, and community events. 01 / Media The Recursive Media Journalism & market intelligence. B… ## Posts - [Croatian Daytona Reaches Unicorn Status With New $60M Series B](https://www.therecursive.com/daytona-series-b-valuation-croatias-third-unicorn.md) - Croatian-American startup Daytona has secured a $60 million Series B funding round, pushing its valuation to $1 billion. With this milestone, the company officially cements its status as Croatia's third unicorn as it builds the infrastructure for an impending wave of AI agents. - [Why Waiting for Fault-Tolerant Quantum Computers Means Your Bank Has Already Lost](https://www.therecursive.com/why-waiting-for-fault-tolerant-quantum-computers-means-your-bank-has-already-lost.md) - Most banks can’t run quantum hardware yet, but finQbit found a shortcut. The Polish startup's hybrid risk engine supercharges classical hardware today while building an insurance policy for tomorrow's quantum shift. - [AI Is a Risk Worth Taking. But How Much Risk Is Too Much?](https://www.therecursive.com/ai-is-a-risk-worth-taking-but-how-much-risk-is-too-much.md) - AI is transforming how companies operate, make decisions, and interact with customers. But as businesses rush to adopt new tools and increasingly autonomous AI agents, a critical question emerges: Are they moving faster than their security and governance can keep up? In this episode of The Recursiv… - [Osavul CEO: “Government Realizes It Cannot Protect Everyone”](https://www.therecursive.com/osavul-ceo-government-realizes-it-cannot-protect-everyone.md) - Osavul’s AI predicted a sabotage attack on a European railway before it happened. After raising €8.5M, the Ukrainian-founded startup wants to help companies in energy, transport and finance to see such threats in advance. - [Slovenia’s FRESH 32 Raises €1.2M to Challenge Nylon Toothbrush Bristles](https://www.therecursive.com/slovenias-fresh-32-raises-eur1-2m-to-challenge-nylon-toothbrush-bristles.md) - FRESH 32, the Slovenian oral-care startup replacing nylon toothbrush bristles with flexible TPU, raised €1.2M led by AYMO Ventures to scale production and enter the UK; a rare CEE win for a physical consumer product in a region fixated on AI and SaaS. - [What’s Happening During Czech Startup Week 2026?](https://www.therecursive.com/whats-happening-during-czech-startup-week-2026.md) - From venture capital and fintech to defense technology, international expansion, and startup pitching, Prague is preparing for five days of events bringing together the Czech and international innovation ecosystems. - [CEE Startup & Tech Weekly: New Estonian Unicorn](https://www.therecursive.com/cee-startup-tech-weekly-new-estonian-unicorn.md) - 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. - [AllWeb Digital Conf 2026](https://www.therecursive.com/allweb-digital-conf-2026.md) - AllWeb Digital Conf returns to Tirana on November 6, with more than 350 business and tech professionals expected. For the first time, the conference is inviting companies and startups to put an AI agent on stage as a speaker. Applications close October 24. - [Polish KP Labs Raised €4.4M From Momentum Capital Partners To Solve the Satellite Data Bottleneck](https://www.therecursive.com/polish-kp-labs-raised-eur4-4m-from-momentum-capital-partners-to-solve-the-satellite-data-bottleneck.md) - Gliwice-based space tech firm KP Labs has secured 19.4 million PLN (€4.44M) in growth equity from Momentum Capital Partners. By processing data directly in orbit, their smart tech cuts downlink delays for giants like ESA and NASA, and now they’re set to scale production worldwide. - [Lithuanian Holo Raises €5M to Put Small Business Marketing on Autopilot](https://www.therecursive.com/lithuanian-holo-raises-eur5m-to-put-small-business-marketing-on-autopilot.md) - Vilnius-based AI marketing startup Holo has raised €5M in seed funding led by Market One Capital. The company aims to make autonomous marketing accessible to small businesses. - [The Exit Europe Keeps Overlooking](https://www.therecursive.com/the-exit-europe-keeps-overlooking.md) - Ahead of Engaged Investments 2026 (21–22 October, Prague), Petr Šíma, General Partner at DEPO Ventures, spoke with Ben Kolada, Director and Head of US Tech Investment Banking at ICON Corporate Finance. - [Rohlik Founder Tomáš Čupr’s Duvo raises €28.7M Series A to Take Еnterprise AI Agents to the US](https://www.therecursive.com/rohlik-founder-tomas-cuprs-duvo-raises-eur28-7m-series-a-to-take-enterprise-ai-agents-to-the-us.md) - Duvo has raised a €28.7M ($32M) Series A led by Balderton Capital, bringing its total funding to €43M ($48M). The company, founded by Rohlik’s Tomáš Čupr, builds AI agents that handle the back-office work of retailers such as Notino and Morrisons. - [Warsaw’s Coding Giants Secures Up to €6M to Expand Beyond Europe](https://www.therecursive.com/warsaws-coding-giants-secures-up-to-eur6m-to-expand-beyond-europe.md) - Backed by venture debt from Orbit Capital, the edtech company plans to accelerate growth in the US, Mexico and other international markets. Its platform combines programming, AI and maths education for students aged 6 to 19. - [Skeleton Technologies Becomes Estonia’s Newest Unicorn After Siemens-Led Investment](https://www.therecursive.com/skeleton-technologies-becomes-estonias-newest-unicorn-after-siemens-led-investment.md) - The Estonian energy storage company is now valued at over $1 billion and plans to invest more than $200 million in US manufacturing and R&D to support the growing power demands of AI data centers. - [Ukrainian SharksCode COO Stanislav Andrieiev on Scaling Without Slowing Down](https://www.therecursive.com/ukrainian-sharkscode-coo-stanislav-andrieiev-on-scaling-without-slowing-down.md) - Stanislav Andrieiev, COO of Ukrainian tech company SharksCode, shares his perspective on how growing tech companies can rethink decision-making, meetings, and management structures as their teams scale. - [Czech IP Lab Ventures Secures €27M from EIF for New €50M Deep-Tech Fund](https://www.therecursive.com/czech-ip-lab-ventures-secures-eur27m-from-eif-for-new-eur50m-deep-tech-fund.md) - Backed by a €27M commitment from the European Investment Fund, Czechia's first dedicated technology transfer VC fund aims to raise over €50M and support around 40 deep-tech projects, turning academic research into commercially viable startups. - [Czech Startup FLÆ Robotics Raises €1M+ to Scale Its AI Hotel Agent BE-A](https://www.therecursive.com/czech-startup-flae-robotics-raises-eur1m-to-scale-its-ai-hotel-agent-be-a.md) - FLÆ Robotics raised over €1M in seed funding to scale BE-A, its AI hospitality agent already used by 60+ hotels across the UK, Germany and Czechia, and to expand into new markets including the US. - [UnBundled – Autumn edition 2026](https://www.therecursive.com/unbundled-autumn-edition-2026.md) - UnBundled brings CEE banks, regulators, fintechs and investors to Prague on 22 October for a day on stablecoins, bank resilience and AI in finance, with speakers from Mastercard, SG Forge, J.P. Morgan and the Czech National Bank. - [Danish-Lithuanian Drone Maker Monopulse Raises €2M+ to Scale NATO-Grade UAV Production](https://www.therecursive.com/danish-lithuanian-drone-maker-monopulse-raises-eur2m-to-scale-nato-grade-uav-production.md) - Monopulse, the Danish-Lithuanian maker of NATO-grade Falcon reconnaissance drones already used by several allied armed forces, raised over €2M led by CoInvest Capital to scale production and expand into Scandinavia and beyond. - [Romanian-Founded VoicePatrol Raises €3M in GapMinder-Led Funding Round](https://www.therecursive.com/romanian-founded-voicepatrol-raises-eur3m-in-gapminder-led-funding-round.md) - Romanian VC GapMinder leads a new investment in VoicePatrol, an AI-powered voice moderation startup helping gaming studios detect severe toxicity in real time, reduce moderation costs, and create safer multiplayer experiences. - [Hospitality Tech’s Future: Six Signals from Dubai](https://www.therecursive.com/hospitality-techs-future-six-signals-from-dubai.md) - From connected dining lamps to digital humans and smarter hotel operations, here's what we saw at the Startup Den, part of Dubai’s Future Hospitality Summit. - [CEE Startup & Tech Weekly: Bulgarian-Founded Varda Space Hits $1.6B Valuation After $250M Raise](https://www.therecursive.com/cee-startup-tech-weekly-11.md) - 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. - [When We Can Build Anything: What Should We Build, and How?](https://www.therecursive.com/what-to-build-when-you-can-build-anything-how-to-web-conference.md) - The cost of building software has collapsed. Three practitioners — a venture capitalist, a bootstrapped founder, and a product coach who shaped tools at Spotify and Google — argue that the real challenge has shifted: from execution to judgment, from speed to meaning. - [DEPO Ventures' Michal Ciffra: "Fragmentation Was the Opportunity. Now We Need Consolidation"](https://www.therecursive.com/depo-ventures-michal-ciffra-fragmentation-was-the-opportunity-now-we-need-consolidation.md) - Michal Ciffra, Partner at DEPO Ventures and one of the key people behind The Fintechers initiative, discusses what makes fintech startups investable in 2026 and the next stage for investment landscape in Europe. - [Garaža Frontier Hackathon 2026](https://www.therecursive.com/garaza-frontier-hackathon-2026.md) - Garaža's Frontier Hackathon returns to Belgrade on November 7–8, 2026, bringing together teams of young builders under 26 from across the Balkans for 40 hours of building frontier-tech startups, competing for $10,000 in cash prizes and a fully funded week in San Francisco. - [NASA Space Apps Challenge 2026: Where to Join It in CEE](https://www.therecursive.com/nasa-space-apps-challenge-2026-where-to-join-it-in-cee.md) - Twenty local events across Central and Eastern Europe will run alongside hundreds of others worldwide on 14–15 November. - [Poland's BGK Launches €114M Vinci Space Tech Fund, the Country's 1st Fund for Space Companies](https://www.therecursive.com/polands-bgk-launches-eur114m-vinci-space-tech-fund-the-countrys-1st-fund-for-space-companies.md) - The fund will invest around €2.3–23 million in each of 15 to 20 companies working on satellites, Earth observation, propulsion and space data. ICEYE has joined as a strategic partner. - [$hackathon_ in Prague](https://www.therecursive.com/hackathon_-in-prague.md) - $hackathon_ brings 100+ developers to Prague on 19–20 October to build gen AI for financial services on real, sandboxed data. - [Estonia's Golbriak Space Raises €4M to Scale Laser Communications for Satellites](https://www.therecursive.com/estonias-golbriak-space-raises-eur4m-to-scale-laser-communications-for-satellites.md) - The Tallinn-based spacetech, eight years in the making, raised a €4M seed co-led by Join Capital and PhotonVentures to scale manufacturing of its in-house laser communication terminals for satellites and airborne platforms, already shipping to paying customers. - [EIF's Müller-Marbach: “Investing in European Venture Is a Return Decision, Not a Goodwill Gesture”](https://www.therecursive.com/eifs-muller-marbach-investing-in-european-venture-is-a-return-decision-not-a-goodwill-gesture.md) - A conversation between Petr Šíma, General Partner at DEPO Ventures, and Marcel Müller-Marbach, Senior Regional Representative for Austria, Czech Republic and Slovakia of the European Investment Fund (EIF). - [“The Idea-Stage Check Is Gone”: Hard Truths From Skopje’s Startup Revolution AI Summit](https://www.therecursive.com/startup-revolution-summit-ai-2026-program-highlights-report.md) - The Startup Revolution AI Summit drew 2,000 founders, investors, and policymakers to dissect VC trends, growth strategies, state super apps, and dozens of startup pitches. Here are the notes from the floor. - [Romanian-founded Siena Raises Over €15M Series A to Build an "Agent of Record" for Consumer Brands](https://www.therecursive.com/romanian-founded-siena-raises-over-eur15m-series-a-to-build-an-agent-of-record-for-consumer-brands.md) - The company builds AI agents that handle support, shopping and social media conversations for consumer brands such as FIGS, SPANX and HexClad. - [Slovak Sensible Biotechnologies Secures €42M for Cell-Based mRNA Platform](https://www.therecursive.com/slovak-sensible-biotechnologies-secures-eur42m-for-cell-based-mrna-platform.md) - Slovak-founded Sensible Biotechnologies has secured $47 million to advance its cell-based mRNA platform, scale manufacturing in Europe, and develop new applications across cancer, genetic diseases, and biosecurity. - [NewsLabs Wants Newsrooms to Ask Why They’re Saving Time With AI](https://www.therecursive.com/newslabs-wants-newsrooms-to-ask-why-theyre-saving-time-with-ai.md) - The Zagreb-based newsroom technology company argues that publishers are giving AI the wrong brief when they judge it chiefly by faster output. Its case starts with the work journalists want time to do and the editors who remain responsible for what gets published. - [Your Domain Isn’t a Priority, Until It Becomes Your Biggest Problem](https://www.therecursive.com/your-domain-isnt-a-priority-until-it-becomes-your-biggest-problem.md) - Founders often treat domain names as an afterthought. But waiting can turn a simple naming decision into a costly problem involving fundraising, rebranding, security, and even ownership. The companies that avoid it have one thing in common: they think about their domain before it becomes urgent. - [Can Europe Build Its Own Critical Tech? Engaged Investments Puts Fintech and Defense Center Stage](https://www.therecursive.com/can-europe-build-its-own-critical-tech-engaged-investments-puts-fintech-and-defense-center-stage.md) - The Engaged Investments conference is expanding its format this year, opening the event beyond investors to startup founders and the wider tech ecosystem, while adding dedicated tracks for fintech and defense. - [Ukraine’s Buntar Aerospace Raises €14.3M for Drones Built to Operate Without GPS](https://www.therecursive.com/ukraines-buntar-aerospace-raises-eur14-3m-for-drones-built-to-operate-without-gps.md) - Ukrainian defence tech company Buntar Aerospace has raised €14.3M ($16M)in a round led by Freedom Fund and an undisclosed international private equity fund. Its total funding is now $30M, and the money will go toward scaling its Buntar-3 reconnaissance drone and Copilot mission software. - [GITEX AI Expands to Southeast Europe With New Belgrade Event in 2027](https://www.therecursive.com/gitex-ai-expands-to-southeast-europe-with-new-belgrade-event-in-2027.md) - GITEX is expanding into Southeast Europe with GITEX AI Belgrade, bringing together 700+ tech companies and startups and 200+ investors as part of EXPO 2027 BELGRADE. - [From Exporting Talent to Exporting Companies: Can Bulgaria Build the Next Global Unicorn?](https://www.therecursive.com/from-exporting-talent-to-exporting-companies-can-bulgaria-build-the-next-global-unicorn.md) - For decades, Bulgaria’s international narrative was defined by the talent that left. Today, a new wave of founders and investors is proving that the country can systematically produce businesses capable of scaling globally. - [The Silent M&A Wave: When the Next Funding Round Becomes Less Attractive Than a Sale](https://www.therecursive.com/the-silent-m-a-wave-when-the-next-funding-round-becomes-less-attractive-than-a-sale.md) - Falling valuations and investor payout rules are pushing tech founders toward early exits. Instead of raising risky funding rounds, some are choosing quiet sales... - [CEE Startup & Tech Weekly: New €70M+ Fund Backing CEE](https://www.therecursive.com/cee-startup-tech-weekly-10.md) - 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. - [DEPO Ventures Wants to Bring Ukrainian Tech Into Czech Industry](https://www.therecursive.com/depo-ventures-wants-to-bring-ukrainian-tech-into-czech-industry.md) - DEPO Ventures has been selected to manage a new fund backing startups from Ukraine, Moldova, and Georgia. Managing Partner Petr Šíma explains why competition for Ukrainian technology is intensifying, and how Czech manufacturing could become part of the equation. - [Inside Abu Dhabi's Journey to Making AI Work Across 40+ Government Entities](https://www.therecursive.com/inside-abu-dhabis-journey-to-making-ai-work-across-40-government-entities-tamm.md) - The Recursive co-founder Etien Yovchev talks to H.E. Wesam Lootah, Director General of GovDigital at DGE, on how the Abu Dhabi Government upskilled 95% of its workforce for AI, how it balances global tech partnerships with data sovereignty, and why governance guardrails matter most for public trust. - [AI Is Everywhere, Investor Money Isn’t: EY’s 2026 Entrepreneurship Data](https://www.therecursive.com/ai-is-everywhere-investor-money-isnt-eys-2026-entrepreneurship-data.md) - Business owners across wider Europe are quickly adopting AI, but most still fund growth from their own profits and remain cautious about costs, regulation and uncertainty. - [NATO-Trusted Osavul Raises €8.5M to Spot Hybrid Attacks Before They Strike](https://www.therecursive.com/nato-trusted-osavul-raises-eur8-5m-to-spot-hybrid-attacks-before-they-strike.md) - Osavul, the Ukraine-born, Luxembourg-headquartered company whose AI spots hostile intent across the cyber, physical and information domains, raised €8.5M led by 33N Ventures, taking its platform, already trusted by NATO, to enterprises and critical infrastructure worldwide. - [How to Spend Three Days at How to Web Conference 2026](https://www.therecursive.com/how-to-spend-three-days-at-how-to-web-conference-2026.md) - With 250+ investors expected in Bucharest, How to Web 2026 gives founders access that would otherwise take months to arrange. Our guide covers the meetings, programs and sessions worth planning around. - [OfficeRnD Founder’s New Startup 1club Raises €2.2M Seed Round](https://www.therecursive.com/officernd-founders-new-startup-1club-raises-eur2-2m-seed-round.md) - OfficeRnD founder Miroslav Miroslavov is building again. His new startup, 1club, has raised €2.2M from LAUNCHub Ventures and BrightCap Ventures to take its sports and fitness management platform global. - [LAUNCHub Ventures raises €65M in first close of new €75M+ fund](https://www.therecursive.com/launchub-ventures-raises-eur65m-in-first-close-new-fund-2026.md) - The Bulgarian VC firm is targeting a final fund size of €75M+ and plans to make around 25 pre-seed and seed investments over the next five years. - [How Bulgaria Built One of Europe’s Fastest-Growing Battery Markets](https://www.therecursive.com/how-bulgaria-built-one-of-europes-fastest-growing-battery-markets.md) - In less than three years, Bulgaria has gone from almost no battery storage to becoming one of Europe’s biggest battery markets relative to the size of its power system. What made this possible, and can the same formula work for wind and the grid? - [Croatian RPA Platform Robotiq.ai To Be Acquired For €9M](https://www.therecursive.com/croatian-rpa-platform-robotiq-ai-to-be-acquired-by-indian-hclsoftware.md) - HCLSoftware to buy Croatia's Robotiq.ai for €9 million to reinforce its automation suite and bolster agent integration into legacy systems. - [Start Up Bulgaria! Crossroads 2026](https://www.therecursive.com/start-up-bulgaria-crossroads-2026.md) - Start Up Bulgaria! Crossroads 2026 will take place on 29–30 October in Sofia, bringing together more than 5,000 entrepreneurs, investors, executives, and technology leaders for two days focused on building and scaling the next generation of European companies. - [Istanbul Ignited by Slush'D 2026](https://www.therecursive.com/istanbul-ignited-by-slushd-2026.md) - Istanbul Ignited by Slush’D returns for its second edition on October 12–14, bringing together founders, investors, and technology leaders from Türkiye and the wider international startup ecosystem. - [Are You Building for Real People, or Just Feeding an AI Echo Chamber?](https://www.therecursive.com/hadas-zucker-understanding-friction-and-people-lessons-for-founders.md) - Hadas Zucker explores why founders need human signals, emotional intelligence, friction, and intuition to build products that genuinely resonate. - [DEF CON and the Next Phase of Offensive Security Through the Eyes of Pentest-Tools.com](https://www.therecursive.com/def-con-and-the-next-phase-of-offensive-security-through-the-eyes-of-pentest-tools-com.md) - Pentest-Tools.com became the first Romanian company to exhibit at DEF CON, joining just ten exhibitors and a global community of more than 25,000 ethical hackers and security practitioners. - [7 CEE EdTech Rising Stars Worth Watching](https://www.therecursive.com/7-cee-edtech-rising-stars-worth-watching.md) - Our last edtech list ranked the region by how much money it had raised. This one goes the other way, to the early end — the pre-seed and seed teams quietly building things worth paying attention to. Here are five CEE edtech startups to watch before everybody else catches on. - [How Are Gen Z's Taking Ownership?](https://www.therecursive.com/how-are-gen-zs-taking-ownership.md) - Three guests, three very different jobs, one thing in common: they're all in their twenties and already taking on a level of responsibility that usually comes later in a career. In this episode of The Recursive Roundtable, we talk with Viktoriya Markileva (Head of Space Services at EnduroSat), Geor… - [CEE Startup & Tech Weekly: Schneider Bids for Shelly, CVC Backs CDN77](https://www.therecursive.com/cee-startup-tech-weekly-25-sep-26.md) - 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. - [Schneider Electric Мakes €1.2 Billion Offer for Bulgaria's Shelly Group](https://www.therecursive.com/schneider-electric-makes-eur1-2-billion-offer-for-bulgarias-shelly-group.md) - Shelly's founders have agreed to a €1.2 billion offer from Schneider Electric, which wants to bring the Bulgarian company's home energy platform into its global business. - [Czech CDN77 Sells Miniority Stake to CVC. Surpassing Unicorn Level Valuation?](https://www.therecursive.com/czech-cdn77-sells-miniority-stake-to-cvc-surpassing-unicorn-level-valuation.md) - After operating without external funding for over a decade, Prague-based internet infrastructure provider CDN77 has sold a minority stake to private equity giant CVC. - [Lithuania’s Newest Unicorn: “Bootstrapping Wasn’t Exactly the Plan”](https://www.therecursive.com/lithuanias-newest-unicornwas-profitable-from-the-beginning.md) - After a decade of bootstrapping, Lithuanian web intelligence company Oxylabs took its first external investment at a €3.1B valuation. Its leadership explains why it chose a partner now and why it believes Europe can build global tech companies on its own terms. - [Digital Trust Forum 2026](https://www.therecursive.com/digital-trust-forum-2026.md) - Digital Trust Forum 2026 brings together policymakers, technologists, business leaders and identity experts in Sofia for a one-day European seminar on digital trust, digital identity, AI, cybersecurity and financial compliance. - [Mika Raises €6M to Automate Accounting and Tax for German SMBs](https://www.therecursive.com/mika-raises-eur6m-to-automate-accounting-and-tax-for-german-smbs.md) - Polish co-founded mika has raised €6M ($6.85M) in a seed round led by Smedvig Ventures. The startup's AI platform handles bookkeeping, VAT returns and annual accounts for more than 750 small German companies, with in-house accountants checking the work. - [Want AI That Works? Start With the Boring Stuff: Martin Hýravý on Real Startup Automation](https://www.therecursive.com/martin-hyravy-on-scalable-startup-automation-ai-agents.md) - Make's Martin Hýravý cuts through the hype ahead of the Startup Revolution AI Summit, revealing why founders must ditch flashy tech for dull, reliable automations that actually bring value and drive revenue. - [Plug and Play Tirana Expo 2026](https://www.therecursive.com/plug-and-play-tirana-expo-2026.md) - Plug and Play Tirana Expo 2026 returns to Tirana on October 7–8, bringing together startups, investors, corporate leaders and technology experts from across Europe, Silicon Valley and the wider Plug and Play network for two days of pitches, discussions and networking. - [Enterprise AI Doesn’t Need Better Models But Better Workflows](https://www.therecursive.com/enterprise-ai-doesnt-need-better-models-it-needs-better-workflows.md) - Think your business is saving millions on AI? Think again. Comparing cheap token bills to human salaries is a trap quietly blowing up enterprise budgets. How to redesign workflows to measure what actually matters? - [Fresh Off Reaching Profitability, FintechOS Secures €26.5M to Fuel US Expansion](https://www.therecursive.com/fintechos-secures-eur26-5-million-can-profitability-fuel-a-us-banking-takeover.md) - Fresh off reaching profitability, FintechOS secured $28M in debt and equity to drive its US expansion. Backed by Santander CIB, Romanian-founded fintech is bringing AI to legacy banking, and aiming for massive growth across the pond. - [Forty.5 Ventures Closes a $30M First Fund to Move SEE Founders Onto the World Stage](https://www.therecursive.com/forty-5-ventures-closes-a-30m-first-fund-to-move-see-founders-onto-the-world-stage.md) - The Belgrade-, Los Angeles- and Singapore-based firm is writing $200K to $1M cheques at pre-seed and seed, and it is betting that the region's best companies want a route out of the region. - [Green Flags, Red Flags: What Investors Look for in Founders](https://www.therecursive.com/green-flags-red-flags-what-investors-look-for-in-founders.md) - Heading to Bucharest for How to Web Conference 2026? Investors from Eurazeo, Passion Capital, and Acurio spill what actually gets deals signed, and the red flags that kill pitches fast. Hint: faking the details won't fly. - [CEE Startup & Tech Weekly: The Newest Unicorn Comes From Spacetech](https://www.therecursive.com/cee-startup-tech-weekly-9.md) - 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. - [AI Can Draft Your Proposal in Two Hours. It Still Can’t Estimate Your Project](https://www.therecursive.com/ai-can-make-draft-fast-it-still-cant-estimate-your-project.md) - AI can churn out agency proposals swiftly, but speed has a risky side effect: perfectly formatted estimates that are completely wrong. Before you hand pre-sales over to algorithms, see why skipping human technical discovery costs far more than it saves. - [86 Global Unicorns Were (Co)Founded by Someone From CEE](https://www.therecursive.com/the-regions-biggest-export-is-founders.md) - 86 global unicorns were (co)founded by someone from CEE. Together they are worth about $1.8 trillion. Only six of the 86 were founded in the founder's home country. - [Tallinn-Based Creem Raises €5M to Build Billing Infrastructure for AI-Native Companies](https://www.therecursive.com/tallinn-based-creem-raises-eur5m-to-build-billing-infrastructure-for-ai-native-companies.md) - Estonian billing and monetisation startup Creem has raised €5 million in a seed round led by Polish fund Inovo VC, bringing its total funding to €7 million. - [Dubai Family Wealth Summit 2026](https://www.therecursive.com/dubai-family-wealth-summit-2026.md) - Part of Dubai Future Finance Week, the invitation-only gathering will bring family business owners, next-generation leaders, family offices, and global experts to Madinat Jumeirah on November 5. - [With Newly Raised €178M Bulgarian EnduroSat Officially Enters Unicorn League](https://www.therecursive.com/bulgarian-endurosat-raised-eur178-million.md) - The Bulgarian satellite manufacturer has secured a massive new round to standardise spacecraft production, and blown past $1B valuation. By building satellites like drones, EnduroSat wants to slash the cost of space data and turn orbit into a profitable layer for any business. - [Dubai Fintech Summit 2026](https://www.therecursive.com/dubai-fintech-summit-2026.md) - Organised by DIFC, the 4th edition of the Dubai FinTech Summit gathers C-level leaders, decision-makers, regulators, innovators, and market pioneers from across the world. - [Veridion Raises $20M Series a to Map the World’s Businesses in Real Time](https://www.therecursive.com/veridion-raises-20m-series-a-to-map-the-worlds-businesses-in-real-time.md) - Romanian-founded Veridion has raised a $20 million Series A led by Hoxton Ventures to expand its real-time "living digital replica" of the world's businesses. It is the company's largest round to date, and the latest sign of Hoxton's growing conviction in Romanian enterprise AI. - [DIFC to Convene Global Finance Leaders at 85+ Events in Dubai This November](https://www.therecursive.com/difc-to-convene-global-finance-leaders-at-85-events-in-dubai-this-november.md) - The inaugural Dubai Future Finance Week, led by DIFC, runs 2-6 November. Over 850 speakers are confirmed across 85 events and 12 signature forums. The programme covers FinTech, tokenisation, Islamic finance, family wealth, sustainable finance and private capital. - [Paypercut's Stoil Vasilev: Serving The Markets The Fintech Giants Skip](https://www.therecursive.com/paypercuts-stoil-vasilev-serving-the-markets-the-fintech-giants-skip.md) - “For global fintechs, our region is the rest of the world. Very little support, very little attention,” explains Paypercut’s Stoil Vasilev. He’s building a full-stack payment engine precisely where giants like Stripe refuse to get their hands dirty. - [Game Changer Zagreb 2026](https://www.therecursive.com/game-changer-zagreb-5th-edition-2026.md) - The boundary between human judgment and artificial intelligence is dissolving, and Zagreb is set to explore where machine capability ends and human accountability begins. The milestone fifth edition of Game Changer 5.0 powered by A1 arrives at Z Centar in Zagreb on October 14, 2026. - [World Quantum Cannes Festival](https://www.therecursive.com/world-quantum-cannes-festival.md) - The global quantum ecosystem comes together in Cannes for two days spanning science, technology, industry, investment, and policy. Researchers, founders, investors, business leaders, and policymakers will explore how quantum technologies can move from scientific progress to industrial application. - [ElevenLabs on CEE’s “Joker Card”](https://www.therecursive.com/elevenlabs-anotni-rytel-cee-joker.md) - ElevenLabs’ Antoni Rytel discusses how CEE can turn its deep engineering talent into globally competitive AI companies and what the region needs to produce its next global success story. - [EnforceShield Raises €1.7M to Automate Enterprise IP Enforcement](https://www.therecursive.com/enforceshield-raises-eur1-7m-to-become-the-autonomous-enforcement-layer-for-enterprise-ip.md) - Vilnius-based EnforceShield raised €1.7M led by Vendep Capital to scale its autonomous, attorney-built platform for removing IP violations at enterprise scale. - [YC Proven TesterArmy Raises €1M for AI Agents That Test Software](https://www.therecursive.com/yc-proven-testerarmy-raises-eur1m-for-ai-agents-that-test-software.md) - The San Francisco- and Warsaw-based startup uses AI agents that follow user journeys in plain language, no test scripts, no source-code access, and raised its pre-seed from Y Combinator, AIP Seed, Eight Capital, Script Capital and angels including Vercel founder Guillermo Rauch. - [10 CEE Top-Funded EdTech Companies](https://www.therecursive.com/10-cee-top-funded-edtech-companies.md) - Brainly turned homework help into a $150 million business. Prezi rebuilt the slide deck. Lingvist trained its AI on particle physics data. These are the ten top-funded edtech companies in CEE. - [CEE Startup & Tech Weekly: CEECAT Capital Raises €135M to Back Emerging Europe](https://www.therecursive.com/cee-startup-tech-weekly-8.md) - 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. - [AI Solution Day 2026: HR & People](https://www.therecursive.com/ai-solution-day-2026-hr-people.md) - Vienna’s AI Solution Day returns for its third edition, connecting HR and people leaders with startups building practical AI solutions for the workplace. - [a16z Speedrun Scout on Backing Founders From Emerging Markets](https://www.therecursive.com/a16z-scout-on-backing-founders-from-emerging-markets.md) - What started as a San Francisco hacker house led Yasin Ehsan to scout for a16z Speedrun. Now, he is looking for ambitious founders in emerging markets. - [Oliver Yonchev: "Founders Need to Be Unapologetic Self-Promoters"](https://www.therecursive.com/oliver-yonchev-on-why-founders-need-to-be-unapologetic-self-promoters.md) - Think self-promotion is cringey? Entrepreneur and investor, Oliver Yonchev, warns technical founders that quiet diligence won't cut it in the AI era. As automated content floods the market, a strong personal reputation is no longer optional. - [IdeaLab! 2026](https://www.therecursive.com/idealab-2026.md) - The IdeaLab! is one of Europe's leading student-run startup and entrepreneurship conferences, bringing together founders, investors, and students to exchange ideas and build meaningful connections. - [How AI Mega-Rounds Impact Seed Investing](https://www.therecursive.com/how-ai-mega-rounds-impact-seed-investing-zubr-capital.md) - As mega-rounds rewrite early venture rules, boutique and emerging investors are being forced to adapt their playbooks, or risk getting priced out of the action. - [DIGI PAY 2026](https://www.therecursive.com/digi-pay-2026.md) - DIGI PAY returns to Sofia on 8 October 2026 for its 9th edition, gathering 300+ banking, fintech and regulatory leaders around one question: who's liable when an AI agent makes the payment. - [AI Tech Summit Filip Avramchev](https://www.therecursive.com/ai-tech-summit-skopje-2026.md) - The AI Tech Summit returns to Skopje for its new edition, bringing together regional talent, global tech leaders, researchers, and founders to explore the intersection of technology and human potential. - [AI Is Changing What a Professor's Time Is Worth](https://www.therecursive.com/ai-changing-teaching-professors-educators-work.md) - As AI takes over the routine work of preparing exams and materials, universities face a quieter question: what should educators do with the time it hands back? - [Italian Lexroom Acquires Bulgarian Praven Intelekt, Marking Its First Step Into CEE](https://www.therecursive.com/italian-lexroom-acquires-bulgarian-praven-intelekt-marking-its-first-step-into-cee.md) - Italian Lexroom completed full acquisition of Sofia's Praven Intelekt, bringing a platform with more than 19,000 registered users and nearly 1.2 million Bulgarian legal documents into its European network; and naming co-founder Siyanna Lilova as its new Head of Central and Eastern Europe. - [Liquidity Alone Won't Scale the Western Balkans](https://www.therecursive.com/liquidity-alone-wont-scale-the-western-balkans.md) - The Western Balkans do not need fewer banks, but they do need more of what sits around them. - [9 CEE Governments Sign a Declaration on AI](https://www.therecursive.com/cee-countries-unite-around-a-common-ai-agenda.md) - At the first CEE AI Summit in Prague, more than 250 policymakers, researchers, and industry leaders focused on the region’s bigger challenge: turning its technical talent into globally competitive AI companies. - [CEE Startup & Tech Weekly: New Capital Flows into AI, Biotech, Medtech and More](https://www.therecursive.com/cee-startup-tech-weekly-7.md) - 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. - [Startup Revolution AI Summit 2026](https://www.therecursive.com/startup-revolution-ai-summit-2026.md) - Skopje will host one of the region’s largest startup and emerging-tech gatherings as the Startup Revolution AI Summit returns this October. - [Endeavor Catalyst Doubles Down on Europe with CEE in Focus](https://www.therecursive.com/endeavor-catalyst-doubles-down-on-europe-with-cee-in-focus.md) - Endeavor Catalyst is increasing its exposure to Europe, where its portfolio companies raised more than $8.3 billion across 2025 and H1 2026. Head of EMEA Pete Benedetto explains why the fund sees particular potential in CEE. - [Science4Beauty Raises €1.6M to Bring Its "Botox in a Cream" Beyond Poland](https://www.therecursive.com/science4beauty-seed-round-botox-cream-expansion.md) - The Warsaw-based biotech behind Miorelaxant Magic™ raised €1.6M, led by 4growth VC with Hard2beat, to scale its recombinant conotoxin platform, a clinically proven, needle-free alternative to botox, and expand internationally. - [Cyprus-founded Piney Raises €1.6M](https://www.therecursive.com/cyprus-founded-piney-raises-eur1-6m.md) - Piney, a Cyprus-founded cleaning and operations provider for short- and mid-term rental property managers, has raised €1.6 million. - [How to Shine at Spotlight in Bucharest in Front of 250+ Investors](https://www.therecursive.com/how-to-shine-at-spotlight-in-bucharest-in-front-of-250-investors.md) - How to Web’s Carmelina Lungu on what made the startups selected for the top 20 stand out in previous years - [18 Acquisitions, 100+ People in CEE: Scaling European Software With AI](https://www.therecursive.com/18-acquisitions-100-engineers-in-sarajevo-scaling-european-software-with-ai.md) - Circeus is betting that Europe’s established software companies can scale further with the right shared infrastructure. - [The Lessons Behind a Decade of Self-Funded Growth](https://www.therecursive.com/the-lessons-behind-a-decade-of-self-funded-growth.md) - More than a decade of building without outside funding has brought its share of lessons. The guest piece reflects on what worked, what didn’t, and what other founders might learn from the experience. - [Unicorns, Centaurs and Dragons: A Field Guide to the CEE Startup Zoo](https://www.therecursive.com/unicorns-centaurs-and-dragons-a-field-guide-to-the-cee-startup-zoo.md) - Unicorns, centaurs, camels, dragons — CEE has a real example of almost every animal in the startup investor's zoo. - [Why Dariusz Zuk Wants to Build a VC Platform, Not Just a Bigger Fund](https://www.therecursive.com/why-one-of-the-creators-of-polands-startup-ecosystem-wants-to-build-a-vc-platform-not-just-a-bigger-fund.md) - After 20 years building Poland's startup ecosystem, AIP Seed CEO Dariusz Zuk says the missing piece is density at the top: founders who have scaled, private capital and big exits. He is building a VC platform rather than a bigger fund, with a planned Warsaw Stock Exchange listing. - [Bits & Pretzels 2026 Returns to Munich with "Human After All" Theme](https://www.therecursive.com/bits-pretzels-2026-returns-to-munich-with-human-after-all-theme.md) - Steven Bartlett, Trevor Noah, and Europe's top founders headline three days on AI, Deep Tech, and the human side of building startups. - [CEE Startup & Tech Weekly: New SpaceTech Bets](https://www.therecursive.com/cee-startup-tech-weekly-6.md) - 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. - [Czech Startup Association Pushes Prague Parties to Prioritize Startups](https://www.therecursive.com/czech-startup-association-pushes-prague-parties-to-prioritize-startups.md) - Ahead of Prague’s municipal elections, the Czech Startup Association brought together the city’s main political candidates to discuss its startup future, securing broad support for stronger innovation infrastructure, closer university ties, startup-friendly procurement, and a flagship tech event. - [Venture Intelligence Day Prague 2026](https://www.therecursive.com/venture-intelligence-day-prague-2026.md) - Vestberry's Venture Intelligence Day returns to Prague on October 13–14, 2026. Two days on how data and AI are reshaping venture capital, with deep dives, hands-on workshops, and speakers from Atomico, Giant Ventures, EIC Fund and IQ Capital building the next generation of VC infrastructure. - [Celebrities That Became Venture Investors Part 2](https://www.therecursive.com/celebrities-that-became-venture-investors-part-2.md) - We look at how famous actors, athletes, and musicians are turning their reach, industry connections, and cultural influence into startup investments. - [Stop Treating Fundraising Like the Finish Line](https://www.therecursive.com/stop-treating-fundraising-like-the-finish-line.md) - Based Collective co-founder Jonas Bartasius on why fundraising is over-glamorized, what Europe can learn from Silicon Valley without copying it, and why stronger founder networks could help the continent build bigger companies. - [Croatian Friendly Fire Raises €4M to Franchise Its Gaming-Café Network Across Europe](https://www.therecursive.com/croatian-friendly-fire-raises-eur4m-to-franchise-its-gaming-cafe-network-across-europe.md) - Croatian gaming-café franchise Friendly Fire raises €4M, led by AYMO Ventures, to fund international expansion across 11 countries. - [How Sales-Led B2B AI Companies Are Reaching $100M in Revenue So Fast](https://www.therecursive.com/how-sales-led-b2b-ai-companies-are-reaching-100m-in-revenue-so-fast.md) - Forget the decade-long SaaS slog: AI startups are hitting $100M ARR in under three years. An analysis of 17 industry darlings reveals a shared playbook rewriting B2B growth, and it’s not just tech hype. - [Ex-Nvidia Stars From Slovenia Raise $90M to Build "The Matrix" for Robots](https://www.therecursive.com/ex-nvidia-stars-from-slovenia-raise-90m-to-build-the-matrix-for-robots.md) - A team of AI heavyweights, led by two Slovenians, left Nvidia to build a virtual sandbox for robots. With a $90M seed round, Veeda AI is betting that the safest way for machines to learn about our world is to never touch it. - [Hive 2026](https://www.therecursive.com/hive-2026.md) - Bulgaria's largest business event returns on 17–18 September, gathering 4,000+ participants and 100+ leading voices from business, tech and finance to map the country's next ten years through open discussions and hands-on workshops. - [Embedd Raises €2.31M to Build Software Infrastructure for Physical AI](https://www.therecursive.com/embedd-raises-eur2-31m-to-build-software-infrastructure-for-physical-ai.md) - Embedd, founded by three Ukrainian entrepreneurs whose previous hardware company was disrupted by Russia's invasion of Ukraine, has secured pre-seed funding led by Seedcamp. - [Hungarian EdTech BOOKR Raises €6.1M Series A to Expand Global Reach](https://www.therecursive.com/hungarian-edtech-bookr-raises-eur6-1m-series-a-to-expand-global-reach.md) - The Budapest-based platform, already used by more than 600,000 students in over 30 countries, plans to expand across Asia, the Middle East, Europe, and the Americas. - [CEE Startup & Tech Weekly: Major Exit for Bulgaria](https://www.therecursive.com/cee-startup-tech-weekly-5.md) - 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. - [Robotics Strategy Forum 2026](https://www.therecursive.com/robotics-strategy-forum-2026.md) - Robotics Strategy Forum 2026 brings together Bulgaria’s robotics, automation, AI, engineering and manufacturing ecosystem to explore how technology is reshaping local industry, from industrial AI and robotics to 3D printing, electronics and advanced engineering. - [AI Everything Abu Dhabi: From AI Enterprises Worth $10 Trillion to the World's First AI-Native Government](https://www.therecursive.com/ai-everything-abu-dhabi-from-ai-enterprises-worth-10-trillion-to-the-worlds-first-ai-native-government.md) - Ai Everything Abu Dhabi is one of the year’s biggest applied AI showcases, bringing together AI enterprises, unicorns and startups building the infrastructure, frontier models, and full stack AI solutions across industries. - [Lithuania's Guideless Raises €1M to Cut Software Training Time by Up to 10x](https://www.therecursive.com/lithuanias-guideless-raises-eur1m-to-cut-software-training-time-by-up-to-10x.md) - Vilnius-based Guideless has raised €1M in pre-seed funding led by Superhero Capital. - [Can EU Inc. Survive Europe’s Political Divisions?](https://www.therecursive.com/can-eu-inc-survive-europes-political-divisions.md) - A landmark proposal to create a single European company form is caught between its promise of radical simplicity for startups and a parliamentary push for safeguards that critics fear could dilute its very purpose. - [Oakley Capital Acquires a Majority Stake in Graphwise](https://www.therecursive.com/oakley-capital-acquires-a-majority-stake-in-graphwise.md) - The AI data platform serves more than 200 international blue-chip clients, while its new majority owner plans to accelerate its global expansion. - [Q2B26 Copenhagen](https://www.therecursive.com/q2b26-copenhagen.md) - The industry's benchmark quantum computing conference lands in the Nordics for the first time, bringing the full quantum ecosystem, hardware vendors, capital, corporates, and government, into one room for two days. ## Optional - [RSS Feed](https://www.therecursive.com/rss/) - [Sitemap](https://www.therecursive.com/sitemap.xml) - [Full content of pages and posts](https://www.therecursive.com/llms-full.txt)