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15 Bootstrapped CEE Startups That Should Be On Your Radar

Bootstrapped startups

 

Are you an investor seeking the next big thing in the Central and Eastern European (CEE) tech scene? The Recursive has curated a list of “15 Bootstrapping CEE Startups to Watch”  founded in the past year or two and led by promising founders who are serial entrepreneurs, business professionals, tech specialists, and academic experts.

From innovations in fintech to advancements in AI and cybersecurity, these bootstrapped companies have already gained traction and are poised for growth.

Romania

Name: dMonitor 

Year founded: 2022

Founders: Radu-Vladimir Rauta (Institutional Affairs Expert)  and Daniel Georgescu (Regional Account Executive – FintechOS)

About: A platform that helps regulated companies in Romania to smoothly mitigate the risks associated with politically exposed people (PEPs). dMonitor provides KYC and AML solutions to financial institutions, insurance companies, real estate agents, and gambling operators to improve the monitoring of PEPs. 

 

Name: Vintello

Year founded: 2022

Founders: Diana Enachescu

About: A peer-to-peer marketplace for clothes and accessories resale. The company is a participant in the Black Sea ClimAccelerator 2022. 

 

Greece

 

Name: AlongRoute

Year founded: 2022

Founders: Georgia Kalantzi, Eduardo Pena Vina, Stergios Diamantopoulos

About: A maritime technology startup that uses AI to produce marine forecasts and help shipping companies better manage their sailing, saving fuel and reducing air emissions.

 

 

Name: Promilist

Year founded: 2022

Founders: Demi Kalogeropoulou, George Koureas, Grigoris Nitas

About: Promilist is an AI software that identifies the optimal routes for a ship to take, taking into account weather satellite data to reduce fuel consumption and emissions. 

 

Bulgaria

 

Name: Gigs Remote 

Year founded: 2022

Founders: Plamen Tsekov, Stefan Bumov, Aleksandar Stankov

About: GigsRemote connects companies with tech freelancers from Eastern Europe with the aim of building a flexible workforce with trusted IT gig talent.  

 

Name: Enbank 

Year founded: 2022

Founders: Nick Gospodinov, Alex Bonin 

About: Enbank is developing a plug-and-play platform for account-to-account payments and is building on its already launched service for low-fee payments for e-commerce platforms. 

Read more:  Albania’s young startup ecosystem shows potential, but needs to overcome pressing challenges

 

Name: Truvity 

Year founded: 2022

Founders: Alex Tzankov

About: Truvity is an intuitive web platform for background checks with information from various data sources combined in a single entity profile. The startup uses AI to provide businesses with Anti Money Laundering solutions. 

 

Name: Asystly

Year founded: 2022

Founders: Pavel Nikolov

About: Asystly is an AI-powered business assistant mobile app that provides a comprehensive platform for managing all aspects of small business operations in one place. The app is designed to help business owners streamline operations, automate tasks, and drive growth.

 

Name: Team GPT

Year founded: 2023

Founders: Ilko Kacharov, Iliya Valchanov, Yavor Belakov

About: Team-GPT is a SaaS platform for team collaboration with AI chatbots like ChatGPT. The platform offers shared threads, quick searches, and premade templates, enabling teams to work seamlessly together while leveraging the power of AI for improved productivity.

 

Serbia

 

Name: Homation

Year founded: 2022

Founders: Mike Avdeev 

About: Homation is a smart home startup that installs, configures, and integrates smart home devices and technologies. 

 

Name: Ralph AI

Year founded: 2022

Founders: Jovan Milovanovic, Luka Cubrovic, Nikola Curcic 

About: Ralph is an Al copywriting tool for email, blog posts, and a variety of LinkedIn content needs such as LinkedIn InMails, Connection Requests, and Messages. 

 

Name: Airlius

Year founded: 2022

Founders: Aleksa Milosevic, Aleksandar Stojkoski, Tristen Larsen

About: The company develops an advanced anti-scam blockchain detection software Blockem that can analyze more than a billion Ethereum transactions per second.

 

Croatia

 

Name: The Walnut Fund 

Year founded: 2020

Founders: Lazar Milosevic, Milan Zikic

About: The Walnut Fund is the first online agriculture investment platform that allows individuals to invest in fully managed walnut plantations.

 

Czech Republic

 

Name: Trackdesk 

Year founded: 2021

Founders: David Pelán, Alejandro Albi

About: Trackdesk is an affiliate management platform for businesses that helps them integrate, communicate with partners, launch affiliate programs, and gain comprehensive insights.

Read more:  From IoT and AI to the Metaverse: how is the PropTech market in Romania evolving

 

 

Name: Robosize ME

Year founded: 2022

Founders: Stephen Burke

About: RobosizeME is a process automation specialist for the global hospitality industry. The startup uses virtual robots to automate manual yet operationally vital processes at hotels, freeing staff to focus on higher-value work.

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Elena is an Innovation Reporter at The Recursive, an online media dedicated to the emerging tech and startup ecosystems in Southeast Europe. She is keen on sharing the innovation stories that shape the regional ecosystem and has a great interest in fintech, IoT, and biotech startups. Elena is currently finishing her Bachelor's Degree in Business Administration and Political Science at the American University in Bulgaria.