As you sip on your morning or afternoon coffee, scrolling through your social media feeds, you can’t help but notice the buzz around the Central and Eastern Europe (CEE) tech scene. From innovative startups to established companies, the region is brimming with talent and potential.
Investors are taking notice too, with many looking to tap into the exciting opportunities that the CEE tech ecosystem has to offer.
In this article, we will introduce you to a handpicked selection of 25+ CEE fundraising startups. But don’t expect the usual suspects – we have dug deep to uncover hidden gems across a range of industries.
Bulgaria
Name: Question Base
Founders: Yana Vlatchkova, Stefan Vladimirov, Kasper Pihl Tornoe
Vertical: AI, enterprise software
About: Question Base is an AI-powered Slack integration for team knowledge documentation. The startup uses AI to answer the team’s questions inside Slack for automated knowledge sharing.
Target: seed round
Name: Enbank
Founders: Nick Gospodinov, Alex Bonin
Vertical: Fintech
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.
Target: pre-seed round
Name: Umni
Founders: Elitza (Elly) Stoilova
Vertical: AI
About: Umni is a no-code platform that helps businesses stay competitive by saving time and resources, selling more, caring better by being available 24/7, and therefore not missing out on customers, and growing – without employing more people for communication, with the usage of AI chatbot on their website, without technical
Target: €500K
Name: MetaQuants
Founders: Georgi Angelchev, Martin Palazov, Borislav Lorinkov
Vertical: Web 3.0, NFTs
About: MetaQuants is the NFT Finance Terminal for borrowers, lenders and traders. The flagship products of the startup are an NFT Pricing Algorithm and a Collection Floor Price Oracle.
Target: $550К (a commitment of $300K is already secured)
Name: Gigs Remote
Founders: Plamen Tsekov, Stefan Bumov, Aleksandar Stankov, Metodi Amov
Vertical: HRTech
About: GigsRemote connects companies with tech freelancers from Eastern Europe with the aim of building a flexible workforce with trusted IT gig talent.
Target: pre-seed round
Name: Cyrcl
Founders: Enriko Marinov
Vertical: Mobility
About: Cyrcl is a micro-mobility bike-sharing provider based in Sofia. At its launch earlier in 2022, the startup received an investment of €100K from angel investors.
Target: pre-seed / seed
Name: Puzl CowOrKing
Founders: Thibaut Taittinger
Vertical: Real Estate
About: About: Puzl CowOrKing is building IT hubs for the modern workforce. They convert old factories into sustainable serviced offices and coworking spaces and create a unified community in the CEE region.
Target: €3M Series A
Name: growyze
Founders: Zahari Ivanov, Kati Hristova, Adi Hristova
Vertical: Hostech
About: smart workflow automation software for loss-free and sustainable internal operations for hospitality & leisure businesses.
Target: seed round
Name: Stailor
Founders: Georgi Nikolaev, Valentin Valev
Vertical: E-commerce
About: Stаilor is a platform that provides e-commerce fashion stores with a personalized sizing process and provides them with more data on customer preferences.
Target: €250К
Name: FoodObox
Founders: Jane Dimitrova, Velin Kerkov
Vertical: FoodTech
About: The company aims to help food business owners reduce food waste by selling surplus through a mobile app. Clients can place orders for surprise boxes and collect them from certain venues.
Target: €200K (part of the sum is already secured)
Name: SAVI
Founders: Pavel Panayotov
Vertical: Fintech
About: SAVI is on a mission to protect people’s savings from inflation. Users can auto-save & auto-invest in diversified & protected crowdfunding loans (P2P lending).
Target: Pre-seed
Name: AIoTCloud
Founders: Denis Florov, Nikola Ruychev
Vertical: IoT
About: AIoTCloud is an energy management solution that helps business owners and engineering teams to make informed decisions about energy usage, decrease carbon footprint, extend asset lifecycles, and optimize future investments.
Target: €500K
Name: Angry Building
Founders: Ventsislav Dobrev, Yordan Atanassov, Radoslav Stankov
Vertical: PropTech
About: AngryBuilding is a condominium (residential unit in a complex) management system that offers reports on the current income and expenses of the condominium, automatic calculation software that eliminates errors, a two-way channel for communication between the house manager and the residents, and a mobile application that informs residents about each action/inaction and transaction.
Target: Pre-seed round of around €600K
Name: Vodoraslo
Founders: Denis Ivanov, Monika Dimitrova
Vertical: CleanTech
About: Vodoraslo is a project that offers a solution to the global problem of air pollution – bioreactors with microalgae to reduce CO2 emissions.
Target: Pre-seed
Name: Sheetly
Founders: Jan B. Andersen, Ivelina Nikolova,
Vertical: E-commerce
About: Sheetly develops smart product spreadsheet solutions for the e-commerce market by organizing the product data that exists in all webshops and all businesses. It helps small and medium-sized online store owners with their back-office needs of cross-channel processing and management of their product information.
Target: undisclosed
Name: Team GPT
Founders: Ilko Kacharov, Iliya Valchanov, Yavor Belakov
Vertical: AI
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.
Target: Pre-seed
Name: It Remains
Founders: Vasil Tuchkov, Anthony Christov, Christo Peev, Ed Mattinian
Vertical: Web 3.0, NFTs
About: It Remains is a Graphic Novel in the making, written by author Vasil Tuchkov and drawn by digital artist Ed Mattinian. The project is also a blockchain-powered, community-governed franchise, based on the graphic novel “It Remains”.
Target: €1.2M seed round
Name: Legapio
Founders: Petar Angelov
Vertical: LegalTech
About: Legapio is a platform that empowers lawyers to deliver booking services and conduct online consultations while streamlining their daily operations and optimizing their workflows.
Target: undisclosed
Name: Emprue
Founders: Teodora Yordanova
Vertical: FashionTech, E-commerce
About: Emprue is a Clothing-as-a-service platform for designer handbags.
Target: Pre-seed €250K
North Macedonia
Name: Konceptiva
Founders: Aleksandar Ackovski, Kalina Trajanoska
Vertical: EdTech
About: Konceptiva is an EdTech / HRTech startup helping companies empower their team with better training. The company develops Coach – a gamified training app that helps large companies increase performance by finding and fixing the knowledge gaps of their employees.
Target: €750K
Greece
Name: Digital Bites
Founders: Theodoros Sofianos, Michael Tziortzis, Loukas Kakalisl
Vertical: FoodTech, VR
About: Digital Bites is a virtual reality-based consumer insights tool that helps food manufacturing companies validate and get feedback on food concepts or products before they are developed. The startup uses VR technology to create consumer experiments that simulate real-life food experiences.
Target: Pre-seed (around €300K)
Name: Morphoses
Founders: Vasiliki Tzortzopoulou, Alexandros Pithamitsis, Anna Natsvlishvili, Panos Andrikopoulos
Vertical: EdTech
About: An education platform that engages and educates learners aged 6-17 in a fun and efficient manner through weekly 1hr live sessions in collaborative groups led by tutors specialized in soft skills.
Target: undisclosed
Romania
Name: KFactory
Founders: Vlad Cazan and Adrian Dima
Vertical: Industry 4.0, AI, IoT
About: KFactory is working on enhancing operational performance for manufacturing companies. Their solution includes a team of virtual engineers that oversee production, manufacturing, and other processes to monitor carbon footprint and energy efficiency.
Target: Series A
Name: Airvolt
Founders: Anton Radulea, Tudor Borzea
Vertical: CleanTech, Marketing
About: Airvolt is a clean tech network of Digital-Out-Of-Home (DOOH) screens that works together with brands and companies to improve the quality of the air in the cities.
Target: Seed round of €1M
Name: WAM
Founders: Daniel Tamas
Vertical: Blockchain
About: WAM is a blockchain gaming platform that allows players to compete for status and digital assets, like the WAM token and NFTs.
Target: $1.5M
Name: Quino
Founders: Gergо Sebestyеn, Imets Tamas, Jakub Akos, and Paul J.
Vertical: EdTech, AI
About: Quino is an AI-aided learning platform for higher education students. By processing large amounts of text it can speed up the learning process and it also evaluates one’s knowledge. Quino offers automatic summaries, bullet point notes, semantic search, and question-answering tools to assist with your studies.
Target: Pre-seed round of €500K
Name: Synaptiq
Founders: Mihai Cata, Dragos Duse, Diana Andritchi
Vertical: HealthTech
About: Synaptiq is developing AI-driven radiotherapy solutions. The contouring software helps doctors identify and delineate cancerous tumors and enables them to communicate efficiently with their colleagues involved in the process of radiation treatment planning.
Target: undisclosed
Name: Shopoteque
Founders: Raluca Messai, Mihai Kelemen
Vertical: E-commerce
About: Shopoteque is an eCommerce SaaS platform, integrated with AI automation for content and video generation. The startup helps entrepreneurs who want to sell online and provides them with all tools needed for marketing, sales, and management in one place.
Target: undisclosed
Name: Tailent
Founders: Mario Popescu, Cristian Oftez
Vertical: Enterprise Software
About: The Tailent Automation Platform is an end-to-end solution that helps organizations of all sizes use RPA to scale up automation.
Target: undisclosed
Name: FieldOS
Founders: Cristi Dragomir, Ionut Gavrilescu,
Vertical: Enterprise Software
About: FieldOS is an end-to-end Asset Operations Management solution built to support day-to-day operations and preventive maintenance. The mission of the startup is to empower asset operations management teams to become revenue generators and value creators.
Target: undisclosed
Czech Republic
Name: BeiT
Founders: Miro Hachlinec
Vertical: PropTech
About: BeiT is a facility management software that helps property and facility managers digitize, automate, and centralize all their core management processes. The startup enables tenants to save up to 30% on their utility bills (electricity, gas, water, heating, A/C) through real-time energy tracking, monitoring, and optimization tools.
Target: €2-3M
Name: Librity
Founders: Hana Langerová and Matěj Schmalz
Vertical: ConsumerTech, Audio & Video
About: Liberty is a platform for audiobooks and e-books that offers personalized and gamified solutions to help its users develop healthy reading habits.
Target: pre-seed
Slovakia
Name: Carameet
Founders: Matúš Sukeľ, Lucia Drobná, Daniel Gašparík, Roman Osadský
Vertical: EventTech
About: Carameet is an app that allows event organizers and sponsors to collect, analyze and act on demographic and behavioral insights about attendees at in-person events.
Target: pre-seed
