10 largest deals in the CEE region for April

The AIN.Capital team actively follows and writes about what is happening and how the tech scene of Central and Eastern Europe is developing. Every month, the editorial staff of the English-language edition collects information about the largest deals in which startups and funds from the countries of the region participated. The fresh selection includes 10 April investments, he writes ain.ua.

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Startups

SME Finance, €100 million

Krasna: Lithuania

Investors: Fasanara Capital

SME Finance is a fintech marketplace that allows small and medium-sized enterprises to get various financing options: traditional business loans, profit-based financing, or find other optimal financial solutions for themselves.

Naco Technologies, €10 million

Krasna: Latvia

Investors: European Innovation Council Accelerator

Founded in 2009, Naco Technologies develops, manufactures and supplies nano-coating technology to customers worldwide. It is used in the automotive, aerospace and microcircuit manufacturing industries.

Sensible Biotechnologies, $4,2 million

Krasna: Britain and Slovakia

Investors: BlueYard Capital, Y Combinator, Amino Collective, Civilization Ventures, Recode Health Ventures, ZAKA VC

Sensible Biotechnologies is a biotech whose product is a platform for the production of high-quality mRNA to be used in the development of therapeutics and vaccines.

ATM Electronics, €3,17 million

Krasna: Bulgaria

Investor: Swedish company NOTE

This is an M&A deal in which the Swedish electronics manufacturer NOTE acquired the Bulgarian company ATM Electronics, which specializes in the assembly of electronic printed circuits.

Genomtec, €2,9 million

Krasna: Poland

Investors: sale of 1,637,000 shares

The Wroclaw company Genomtec works in the field of clinical diagnostics. Its product, Genomtec ID, allows diagnostics to be carried out in a healthcare facility without the need for a complex and lengthy laboratory process.

Elmo, €2,6 million

Krasna: Estonia

Investors: Highgoal Capital Management, FlyCap, Barolo Invest, SAGGIS

The Elmo company provides short-term electric car rental services, delivering the car to the client remotely without contact. Today, Elmo has more than 16 customers and 000 cars in its fleet.

Funds

Scanderia Venture, €25 million

Krasna: Poland

Startup: the GraftFlow project

The GraftFlow project team is engaged in the development, manufacture and testing of a new generation of stent-grafts coated with a polymer composite material with high biocompatibility.

OTB Ventures, €20 million

Krasna: Poland

Startup: American Hydrosat

OTB Ventures is one of the most active funds in the CEE region, with more than $300 million under management. Its focus is space technology, artificial intelligence and automation, fintech and cyber security. Hydrosat works with satellite data and analytics.

Market One Capital, $9,5 million

Krasna: Poland

Startup: London-based MetaGravity

Market One Capital is a Polish fund that invests mainly in marketplaces and early-stage SaaS startups. MetaGravity develops the infrastructure necessary to support games in the metaverse.

Ciech Ventures, $5,5 million

Krasna: Poland

Startup: Swiss UniSieve

Warsaw-based Ciech Ventures is the CVC wing of Ciech, an international chemical group. The company supports startups that develop solutions related, in particular, to innovations in chemistry, cleantech and circular economy, agriculture.

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