Enterprise Investors through its private equity fund Polish Enterprise Fund VII has sold its 100% stake in Romania-based toy manufacturer Noriel Group to Turkey-based Sunman Group for an undisclosed amount. Enterprise Investors acquired Noriel in 2016 from Axxess Capital and Noriel’s founders for EUR24m (~USD24m).Read more… Read More
Earlybird Digital East, Stride.VC and Launchub Ventures invested USD4.5m in a seed round for Sessions, a Romania-based video conferencing platform. Read more… Read More
Creandum led a USD18.6m Series A for Better Stack, a Czech Republic-based software monitoring platform for developers, with participation from Susa Ventures, K5 Global, Credo Ventures and angels. Read more… Read More
Abris Capital Partners acquired SIGAD, a Romania-based developer of environmental reporting software, through its portfolio company GreenGroup for an undisclosed amount. The acquisition launched GroupGroup’s circular innovations division. Read more… Read More
Accession Capital Partners reached a EUR90m (~USD91m) first close for its ACP Credit Fund I. The vehicle, which has a target of EUR200m (~USD203m), will provide senior-secured debt to high-growth SMEs in Central Europe that are seeking to grow organically or through acquisitions or to refinance existing bank debt. Read More
Lightspeed Venture Partners led a USD25m Series A for Lightyear, a UK- and Estonia-based multi-currency investment app, with participation from Richard Branson’s Virgin Group and follow-on from Mosaic Ventures, Taavet+Sten, Metaplanet and angels. Read more… Read More
The Rohatyn Group acquired Bulgaria-based electric bike maker Leader 96 from KJK Capital for an undisclosed amount. Read more… Read More
Owl Ventures led a USD50m Series C for Preply, a Ukraine-based language learning marketplace, with participation from Swisscom Ventures, Orbit Capital and Przemyslaw Gacek (Grupa Pracuj) and follow-on from Diligent Capital, Hoxton Ventures, Educapital and Evli Growth Partners. Read more… Read More
Re-Pie Portfolio led a USD20m bridge round for Modanisa, a Turkey-based Muslim fashion retailer, with follow-on from EBRD, Goldman Sachs and Wamda Capital. The funding will be used to expand into European and North African markets, launch an e-wallet service and expand to non-textile products. Read… Read More
500 Global, Credo Ventures, Movens Capital and Tilia Impact Ventures invested in a EUR3.4m (~USD3.5m) seed round for The Village Network, a Poland-based women-led edtech startup. Read more… Read More
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