Romania’s venture capital investments quadruple to €116mn in 2021

bne IntelliNews January 28, 2022

FintechOS’ €51mn Series B round accounted for a substantial share of the investments in 2021.

Serbia-founded HTEC Group raises $140mn for global expansion

bne IntelliNews January 27, 2022

Investment in fast-growing consulting, software engineering and digital product development company HTEC Group is among the largest initial funding rounds by dollar value in Europe this past year, HTEC said.

Illegal crypto farm busted as government urges Albanians to save power

bne IntelliNews January 23, 2022

Police estimated that the group had spent around €1mn to set up two crypto labs, where they seized hundreds of devices.

Georgia’s mountainous cryptocurrency problem

Giorgi Lomsadze for Eurasianet January 22, 2022

The legendary mountain region of Svaneti has turned into a cryptocurrency mint, resulting in chronic electricity shortages.

Russian is the social-media language of choice for Ukrainians

Dominic Culverwell in Berlin January 19, 2022

Data collected on Instagram shows that 50% of Ukrainian users post in Russian, 46% in Ukrainian, and 4% in English, researcher Sven Etienne Peterson reported in a Tweet on January 14.

Qualcomm acquires Ukraine-born Augmented Pixels to beef up AR/VR development capacities

East West Digital News in Kyiv January 18, 2022

US tech giant Qualcomm has acquired Augmented Pixels, a Ukrainian-founded AR/VR software developer now headquartered in California. The news was reported by the Ukrainian media based on exchanges with Augmented Pixels representatives.

Founded in Russia 11 years ago, the Miro visual collaboration software startup is now valued at $17.5bn

East West Digital News in Moscow January 14, 2022

Miro, a US enterprise software publisher with Russian roots, announced yesterday a $400mn Series C round. The deal brought the company – known as RealtimeBoard when it was founded in Russia back in 2011 – to an astounding $17.5bn valuation.

Moscow clinics bet on AI-powered medical diagnosis, Russian startup triumphs in South Korea

East West Digital News in Moscow January 14, 2022

No less than 2mn preliminary diagnoses using a neural network have been made to date in Moscow during medical home visits, city authorities announced last week.

Study: VCs increasingly bet on Russian-founded startups operating abroad – rather than on domestic ones

East West Digital News in Moscow January 14, 2022

The Untitled, one of the most established VC firms investing across Russia and Eastern Europe, has analysed investment deals involving startups founded over the past 10 years in Russia or by Russian entrepreneurs.

Russian tech entrepreneurs on the rise: Forbes identifies 10 “future unicorns”

Adrien Henni in Moscow for East West Digital News January 14, 2022

Far from their native countries, Russian-speaking entrepreneurs are thriving in the world’s major tech hotspots — from Silicon Valley, to Western Europe, to South-East Asia.

Massive cyberattack takes down Ukrainian government websites

Dominic Culverwell in Berlin January 14, 2022

A massive cyberattack took down over a dozen Ukrainian government websites, stated the Ministry of Foreign Affairs on January 14.

Estonia's Bolt raises €628mn to boost growth

bne IntelliNews January 12, 2022

Funding round gives on-demand transport and delivery start-up a valuation of €7.4bn.

Albania hires Jones International to boost cybersecurity after data leak

bne IntelliNews January 11, 2022

Personal and salary data for over one-fifth of the country’s population was leaked online at the end of December.

Two investment funds buy Bulgarian IT company Chaos

bne IntelliNews January 11, 2022

Chao will merge with Enscape with a view to creating a global leader in the 3D visualisation and design workflow software sectors.

Facebook takes down Polish far-right political party Konfederacja’s page

bne IntelliNews January 6, 2022

Decision attacked for curbing freedom of speech and could revive discussion on regulating big tech presence in Poland.

Internet blackouts amid Kazakhstan crisis ‘knock 13.4% off Bitcoin hashrate’

bne IntelIiNews January 6, 2022

Fortune magazine says impact answers question of how much of the cryptocurrency is produced “using super-dirty coal” in the Central Asian country.

Publicis Groupe takes over Romanian software company Tremend

bne IntelliNews January 6, 2022

Founded by two Romanian entrepreneurs, Tremend is one of the fastest-growing and largest independent software engineering companies in Central and Eastern Europe.

Slovenian software firm Better signs contract with five London hospitals

bne IntelliNews January 5, 2022

London hospitals to get access to Better's digital healthcare platform that allows them to share information.

Kosovo bans cryptocurrency mining to tackle power shortages

Valentina Dimitrievska in Skopje January 4, 2022

Cryptocurrency mining was popular in northern Kosovo where residents had received free electricity for years, but the ongoing energy crisis has forced Pristina to seek ways to rein in power use.

Value of online purchases by North Macedonia's citizens up 84.5% in January-September

bne IntelliNews January 4, 2022

More people have been shopping online since the pandemic started but the biggest changes is the shift to online purchases from local retailers.