Money Buzz! Europa

Category: Startapp

  • Romanian startup Humans attracts a round of financing of USD 9 million

    Romanian startup Humans attracts a round of financing of USD 9 million

    Humans, a Romanian deep tech start-up, announced the drawing of a 9 million dollars financing through the private sale of cryptocurrency.

    Among the main investors are the entrepreneur Răzvan Munteanu, one of the most active investors in the blockchain area and Elrond Research.

    The announcement comes shortly after the company announced the launch of a world-leading technology called Proof-of-Human. 

    It validates that there is a person behind every decision of the AI and uses blockchain technology to encapsulate each AI in an NFT (token non-fungible).

    Humans is a platform that integrates data and technology to generate unique AI models and use them as an API (application programming interface) by the business community.

    Thus, technology allows application developers to use AI models by paying rights fairly to both those who provide technology and data.

  • Sigree Technologies targeting 250.000 euros on SeedBlink

    Sigree Technologies targeting 250.000 euros on SeedBlink

    Sigtree Technologies, a Prop-Tech start-up that targets real estate developers, aims to attract financing worth 500.000 Euro, out of which 250.000 on SeedBlink.

    Thus, 7,14% of the company’s stocks are to be put up for sale.

    The investment round is supported by two private investors with experience in technology and real estate through a 250.000 Euro investment.

    The funds will be directed towards the company’s expansion on other European markets, such as Poland, Hungary, Czechia, Spain and Great Britain.

    The company was launched in 2018 by Vlad Costea, with 14 years of IT and Telcom experience, out of which the last 8 within the Ericsson multinational company.

    The start-up quickly attracted two other former coworkers from Ericsson who joined as founders, Octavian Cazanciu and Razvan Dumitru, each with 10+ years of IT experience.

    Sigtree Technologies is valuated at 3 million euro pre-money. For 2022, the management targets a turnover of 650.000 euro, 10 times higher than in 2021.

  • PROCESIO publicly launches its process automation platform

    PROCESIO publicly launches its process automation platform

    PROCESIO publicly launches today its process automation platform based on Low/No-Code technology.

    Technical and non-technical professionals can choose between a free plan or a subscription-based plan and immediately start building integrations and automation processes.

    Each plan comes with a 14-day testing period. The subscription value ranges between 600 and 6000 euro/ year according to the client’s business needs.

    Users have the opportunity to create prototypes, test and implement automated processes within the platform, in a fast and flexible way.

    PROCESIO is an integration Platform as a Service, developed by Ringhel, which provides a fast and scalable alternative to classic coding, by using a Low/No-Code approach.

    The technology is for organizations and individuals that want to integrate applications and process data, but more efficiently and faster – up to 5x faster.

    With this solution users are able to: test as they build, visually debug, visually build data models, eliminate redundant code and easily extend the platform’s functionality.

    PROCESIO has raised so far investments of more than 1 million euros.

  • Yellow.Menu cloud restaurant aims to triple its turnover in 2021

    Yellow.Menu cloud restaurant aims to triple its turnover in 2021

    Yellow.Menu, the cloud restaurant with delivery in Bucharest and Cluj-Napoca, has exceeded the 300 orders/day milestone.

    Moreover, it launches a series of virtual brands, dishes and set menus created by Yellow chefs and intended for delivery on partner platforms.

    Yellow.Menu aims to create at least 4 such virtual brands by the end of the year, generating 35-40% of the total business.

    In the first half of this year, the cloud restaurant recorded a turnover of almost 600 thousand euros, 52% higher than the same period last year.

    What is Yellow.Menu

    Designed as an online restaurant with a dynamic menu that changes daily, Yellow.Menu delivers meals through its own network of couriers anywhere in Bucharest and Cluj.

    In the first half of this year, Yellow.Menu turnover exceeded 550.000 euros, over 50% higher than last year.

    Even more, the average value of the order increased by 15% compared to similar period from 2020, up to 95 lei.

    The company aims to increase the daily number of orders by at least 40% compared to the end of the year currently and top reach up to 1.5 million euros turnover in 2021.

  • Houston, a learning platform for remote teams, gets a 200.000 euros investment

    Houston, a learning platform for remote teams, gets a 200.000 euros investment

    Houston, the developer of a learning platform for remote teams, has attracted a 200.000 euros investment.

    Lumus Investments and Overkill, a Latvian investment fund and four of the company’s first Beta clients, are the main investors.

    The management plans to obtain financing of approximately 0.35 – 0.5 million euros this summer.

    The four Beta customers have invested 100,000 euros. Houston currently has Beta customers from Germany, Belgium, Ireland, Spain, Singapore, Malaysia, Hong Kong, UAE.

    Houston is the developer of a learning platform based on an algorithm that measures how employees’ behavior changes once they have gained new knowledge.

    The company was launched in 2020 by Robert Blaga (37 years old), a specialist with over ten years of training experience in companies such as Michelin or Brainiup.

    Over the years, he has been involved in projects with teams from over 40 countries.

  • Siscale AI wants to get 800.000 euros by listing on SeedBlink

    Siscale AI wants to get 800.000 euros by listing on SeedBlink

    Siscale AI, a company that automates IT processes based on artificial intelligence, intends to attract 800.000 euros through Seedblink.

    Of the 800.000 euros, about 150.000 euros will be invested by the company’s co-founders.

    Targeted funding through SeedBlink will be directed to research and development, marketing and sales.

    Siscale AI was launched in 2015 in New York by Petrica Ruta, a Romanian with over 25 years of experience in the IT industry and who is established in the USA since 2012.

    Later on, he was joined by Bogdan Perian, Calin Cornigeanu, Cristian Ruta, Bogdan Sass, Bob Dimicco and Andreas Enotiadis.

    What Siscale AI products do?

    Arcanna.ai, the company’s main product, helps cybersecurity specialists in sorting alerts and automating numerous manual processes.

    These include collecting threat intelligence information, the automatic creation of tickets or the deduplication of alerts.

    For 2021, the founders want to validate the product and launch it as software as a service, and, in the next 18 months, it aims to register 100 customers.

    TSiscale’s clients include Orange Romania and Summit Health, one of the largest providers of medical services in New York.

    The company is registered in Delaware and has offices in New Jersey, Bucharest and Timisoara.

    The research and development team of Siscale AI has 32 people and is located in Romania.

  • Techcelerator launched Scale Match, the first regional matchathon

    Techcelerator launched Scale Match, the first regional matchathon

    Techcelerator expands in South-East Europe by launching Scale Match, the first regional matchathon.

    Scale Match aims to facilitate the access of high-tech startups to strategic partners in the region and investments.

    The program targets companies that develop solutions in Fintech, eHealth, companies that integrate artificial intelligence, and developers of SaaS solutions that are in the Market Ready phase.

    To be eligible, startups must have internationally scalable solutions, a sustainable business model, and an ambitious team.

    The applications are open here, until April 13, 2021, and the results will be announced on April 19, 2021.

    Up to 40 startups will be selected to enter the matchmaking program.

    Scale Match will take place online, through one-on-one sessions with investors and strategic partners.

    The program aims at companies from Romania, Bulgaria, Slovenia, Georgia, Armenia, Turkey, Albania, Bosnia and Herzegovina, Croatia, Kosovo, Montenegro, Northern Macedonia, Serbia, Greece, Moldova.

  • The pandemic has increased the interest of Romanians in sports

    The pandemic has increased the interest of Romanians in sports

    ESX estimates this year an increase of five times more in the number of subscriptions sold, due to the growing trend of Romanians’ interest in sports activities.

    In addition, Romanians no longer go to just one gym as it happened in previous years, but choose several locations, depending on proximity, types of sports activities, equipment and facilities.

    Romanians’ interest in going to the gym started to grow significantly after the isolation period in 2020 and are more motivated to exercise when they go to a gym than if they do sports at home, unlike in previous years.

    Thus, ESX estimates 100,000 memberships sold and 700,000 check-ins to their partner gyms this year.

    I noticed that most Romanians still prefer to go to gyms because they benefit from a greater diversity of equipment, types of activities and training than at home, where space is more limited and also the sports equipment or accessories, said Andrei Trofin, CEO and Founder of ESX.

    The Romanian fitness market estimated at approx. 500 million euros is still immature, although for over 5 years it has the highest increase in Europe.

    Bulgaria reaches 650 million euros, Hungary – 750 million euros, Poland – 1.1 billion euros, France, Spain, Italy – almost 3 billion euros, and the market in England and Germany is over 5 billion euros.

    The most popular sports activities remain fitness and cardio, in proportion of 70%, followed by aerobics, yoga, dancing, tennis, squash, climbing, kickboxing, cross-fit.

    Although the ESX application has been available in Bucharest since the end of last year, here it records the most membership sales, followed by Iași and Cluj-Napoca.

  • Romanian health-tech start-up Medic Chat targets € 250,000 on SeedBlink

    Romanian health-tech start-up Medic Chat targets € 250,000 on SeedBlink

    Medic Chat, a Romanian telemedicine platform that offers online medical advice from specialty doctors, targets a €250,000 investment on Seedblink.

    More than a third is already secured by Cleverage VC and an Angel Investor from the US. The listing took place today, March 9th.

    Medic Chat has strategically prepared the investment round by ensuring an anchor investment of €75,000 from Cleverage Venture Capital.

    The start-up has also obtained a €12,500 de euro investment from Jay Chowdhury, Angel Investor from US, with whom the team has collaborated in the past.

    In its three years of activity, the platform has demonstrated market validation through an accelerated growth rate, reporting 12X higher revenue in 2020 compared to 2019, thus exceeding €56,000.

    Currently, the app has over 50,000 user accounts and a network of over 200 doctors, covering 40 medical specialties.

  • Estonian startup MyGames raises €100K in a pre-seed round

    Estonian startup MyGames raises €100K in a pre-seed round

    At the beginning of 2020, MyGames joined Tehnopol Startup Incubator and closed 100K in the pre-seed round at the end of January.

    Just a bit later when COVID-19 locked down pretty much every single tennis court in Europe they started building the ”tennis court in a box” as they call it.

    This is a hardware product coupled with the MyGames booking system which is the key for maintaining fully automatic tennis courts.

    Though the solution was built keeping tennis in mind, the product is fully applicable for both tennis and padel courts.

    How MyGames system works

    In July 2020 the very first self-service outdoor tennis court was opened in Pärnu, Estonia.

    With the MyGames demo court, the players could simply book, pay and play without any contact with employees because there are none.

    The booking system controls everything from the reservation and payment to the access, lighting and even irrigation if needed. 

    From the launch, MyGames has delivered more than 2000 bookings with a value of over €50K.

  • Romanian app zmAUkin turns your unhealthy habits into gold bars

    Romanian app zmAUkin turns your unhealthy habits into gold bars

    ZmAUkin is a Romanian mobile app that aims to turn unhealthy habits into long-term investments.

    Launched at the end of 2020, the project acts like an individual investment account.

    Through the app, users have the opportunity to give up unhealthy habits, being rewarded for this change and the step towards a healthy lifestyle.

    The concept is to save the money you would normally have spent on an unhealthy habit, deposit that sum in the zmAUkin app account and convert the amount saved into gold bars or other precious metals.

    Moreover, the application also offers you the option to make a ”top up” that will bring you closer to the goal.

    Once you have reached the target, you can order the gold bar and this will be delivered as soon as possible to the chosen address.

  • iFactor is the first Romanian company to be listed on Seedrs

    iFactor is the first Romanian company to be listed on Seedrs

    iFactor receives its seed funding in a round led by ROCA X and becomes the first Romanian startup to be listed on the London-based equity crowdfunding platform Seedrs.

    The amounts raised will support the company in developing its services, as it aims to offer European private investors access to a new class of investment assets.

    iFactor plans to heavily scale-up its operations in the next two years, starting from Romania, its expansion plans target markets such as the UK, Germany, Austria and Switzerland.

    iFactor is the first European company to use a hybrid business financing model, it has been granted permission from the National Bank of Romania to include private investors in the business circuit, thus enabling them to easily invest in SMEs.

    The fundraising strategy has been designed to attract multiple types of parties such as early-stage institutional supporters, (Roca X & Smart Impact Capital) business angels and strategic partners.