The Recursive: The Tech Media of Central and Eastern Europe

Investors

2 mins read

Greek Marathon VC Secured €75 Million in an Oversubscribed Single Closing

Greece’s Marathon Venture Capital has announced the successful close of its third fund, Marathon Venture Capital Fund III, securing €75 million in an oversubscribed single closing. This new fund aims to extend the firm’s commitment to early-stage investments across Europe and beyond. The latest fundraise is backed by a group of investors, including the European Investment Fund (EIF) and the Hellenic Development Bank of Investments (HDBI), demonstrating continued trust in Marathon’s approach. €175 million total assets under management Founded in...

Deals

Bulgarian Thinkpilot Launches with Purpose-Built AI

By The Recursive

As AI accelerates how teams ship software, the real bottleneck shifts from coding to deciding […]

Deals

Romanian-founded Ezra is acquired by American Function Health

By The Recursive

Healthcare technology companies Function Health and Ezra have announced their merger, with Function Health acquiring […]

Deals

Czech DecisionRules Raises €1.6M to Expand its Decision Automation Platform into US and UK

By The Recursive

DecisionRules, a Czech no-code/low-code decision automation platform, has secured a new €1.6M funding round led […]

Deals

Albanian Government Invests in AI Startup Led by Former OpenAI CTO

By Teodora Atanasova

Albania’s government has announced a €8.8 million investment in the AI startup Machine Thinking Lab, […]

Learn about the top AI companies, trends, and advances in CEE

Over €5B has been poured into CEE AI companies since 2021, with 2024 set to meet or exceed last year’s €850M. From 2025 onward, €1.4B+ in VC Funding will be available for the region’s AI startups. Big tech is increasingly looking at the region, with IBM, Intel, WP Engine, and Box having recently acquired AI firms in CEE and Google Cloud and Oracle showing higher interest in the region. Curious to learn more?

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Read Our Latest Articles

Ecosystem

DRUID AI Announces with Deep Regret the Passing of Founder and CEO Liviu Dragan

By The Recursive 8 May 2025 2 mins read

It is with profound sadness that the DRUID AI team announces the passing of its […]

Why Stone Paper Could Be a Massive Opportunity for Sustainability Investment: Europack Bulgaria M’s Case

By Europack Bulgaria M JSC 8 May 2025 5 mins read

Europe’s packaging and paper industry is at an inflection point. Paper packaging was a roughly […]

Infrastructure automation engineer picture

How Infrastructure Automation and a Strong Team Culture Shape Engineering at Commerzbank DTC Sofia

By Commerzbank DTC in Bulgaria 7 May 2025 3 mins read

After more than a decade of working as a software developer in a different industry, […]

Startups

Why Bright Labs Is Betting on Founders Before They Even Start

By Elena Ghinita 30 April 2025 3 mins read

As interest in entrepreneurship continues to grow across Europe, a persistent challenge remains: how […]

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Romanian Fintech Industry: Record Growth in 2023 and What’s Next in 2025

By Adrian Drinceanu

The Romanian fintech industry experienced a record-breaking year in 2023, with revenues reaching €59.5 million, […]
5 Scaling Challenges Your Business Must Overcome to Grow

By Slava Bogdan

In the past two decades, the business community saw a surge of unicorns, with over […]
What I’ve Learned from Ukraine’s Teen Entrepreneurs

By Tetyana Oleynikova

When I started working with teenagers in Ukraine, I expected to meet a generation shaped […]

Tow4Tech Raises €1.3M Pre-Seed Round To Modernize Commercial Fleet Towing and Expand to Romania

By The Recursive 30 April 2025 2 mins read

Tow4Tech, an US-based SaaS platform revolutionizing the $12 billion commercial-fleet towing industry has successfully a […]

Fintech

Romanian Fintech Industry: Record Growth in 2023 and What’s Next in 2025

By Adrian Drinceanu 30 April 2025 6 mins read

The Romanian fintech industry experienced a record-breaking year in 2023, with revenues reaching €59.5 million, […]

Events

Canva Founders and Iconic Entrepreneurs Will Be in Athens Next Week for Panathēnea Festival

By Etien Yovchev 30 April 2025 2 mins read

Athens is set to host the inaugural Panathēnea Festival from May 7–9, 2025, convening some […]

Founder's School

5 Scaling Challenges Your Business Must Overcome to Grow

By Slava Bogdan 29 April 2025 5 mins read

In the past two decades, the business community saw a surge of unicorns, with over […]

ViennaUP 2025: The Startup Festival

Spanning over 9 days, from May 8th to May 16th, this year’s programme includes nearly 50 city-wide events, focusing on the most transformational verticals in tech, from AI to sustainability and health.