News & deals
Skeleton Technologies, an energy storage company based in Estonia, has crossed the $1 billion valuation threshold following a nine-figure strategic investment led by Siemens. The two parties kept the precise investment size and deal structure confidential. The firm intends to deploy more than $200 million toward expanding operations and research capabilities in Silicon Valley, where it will collaborate with major cloud providers on power infrastructure for artificial intelligence data centres.
Prague-headquartered Duvo, an enterprise AI platform founded by Tomáš Čupr, who also leads Rohlik Group, has completed a €28.55 million ($32 million) Series A funding round anchored by Balderton Capital. Index Ventures, Northzone and Credo Ventures, all existing backers, participated in the round, bringing Duvo's cumulative funding to €43 million ($48 million). The capital will fuel Duvo's entry into the United States market, starting with focus on retail and consumer goods sectors.
Coding Giants, a Warsaw-based educational technology company operating under the Polish name Giganci Programowania, has obtained up to €6 million in venture debt financing from Orbit Capital, an investor focused on Central and Eastern European growth-stage companies. The funds will support the company's push into international markets, with the United States and Mexico identified as key targets.
Holo, a Lithuanian artificial intelligence marketing startup, has secured €5 million in seed-stage funding led by Market One Capital. Silicon Gardens, FirstPick, Leonis Capital, NGL, Tekton Ventures and multiple individual investors also contributed to the round.
KP Labs, a space technology firm located in Gliwice, Poland, has raised €4.44 million in growth equity from Momentum Capital Partners. The company's technology processes satellite data in orbit, reducing transmission delays for organizations including the European Space Agency and NASA, and the funding will support worldwide production expansion.
Romanian venture capital firm GapMinder has led a €3 million investment in VoicePatrol, an artificial intelligence voice moderation platform serving gaming studios. The platform helps studios identify severe toxicity in real time, lower moderation expenses and enhance safety in multiplayer environments. The new capital will support worldwide growth and continued development of the voice moderation technology for both major and independent game studios.
Monopulse, a Danish-Lithuanian manufacturer of Falcon reconnaissance drones meeting NATO standards and currently deployed by multiple allied military forces, has raised more than €2 million to increase production capacity and extend operations into Scandinavia and additional regions. CoInvest Capital led the round, while NGL Ventures' syndicate plus 68 business angels contributed €560,000—representing NGL Ventures' largest syndicate to date. Additional backing came from the Lithuanian Business Angel Network and Silicon Valley-based Plug and Play Ventures.
FLÆ Robotics, a Czech robotics company, has raised more than €1 million in seed-stage funding to expand its BE-A artificial intelligence hospitality agent, which is currently deployed in over 60 hotels across the United Kingdom, Germany and the Czech Republic, and to enter additional markets including the United States. Purple Ventures and Garage Angels backed the round.
Cachet, an insurance technology company headquartered in Tallinn that provides coverage solutions for platform-based and gig economy businesses, has secured new funding in a round led by Nordic venture capital firm Spintop Ventures. The investment brings Cachet's total capital raised to approximately €11 million. Truffle Capital and Icebreaker.vc, both prior investors, also participated in the round.
CEE Connections & diaspora
Rivero, a payment operations platform based in Zurich, has brought on Elevator Ventures, the corporate venture capital arm of Raiffeisen Bank International (RBI), as an investor. The investment amount was not disclosed. Rivero intends to leverage the partnership to grow across Europe, with particular emphasis on Central and Eastern European markets where Elevator Ventures maintains strong relationships through the RBI Group. Rivero operates two main products: Kajo, a payment network compliance platform, and Amiko, which leverages agentic artificial intelligence to streamline dispute resolution and fraud recovery for banks and other financial institutions. The investment follows Rivero's Series A round.
Relace, a London-based fintech company co-founded by Bulgarian entrepreneur Lyubomira Dimitrova and Justin Peimani, has raised $1.6 million (€1 million) in pre-seed funding led by Boost Capital. Ascension, Koro Capital and a group of angel investors connected to JPMorgan, Barclays, Morgan Stanley, OpenAI and SAP also joined the round. Established in early 2026, Relace is developing an artificial intelligence platform that determines which regulations apply to a financial services firm and monitors compliance in real time, identifying gaps and potential risks. The startup was among 21 companies chosen from 199 applicants for the second cohort of the Financial Conduct Authority's Supercharged Sandbox.
New funds launching
The European Investment Fund (EIF) is committing approximately €27 million to IP Lab Ventures Fund I, a newly established Czech venture capital fund aiming to raise more than €50 million to commercialize academic research and foster the growth of deep-technology startups.
The investment, financed through the Czech Ministry of Industry and Trade via the country's National Recovery Plan, will facilitate technology transfer from universities and research organizations, with emphasis on artificial intelligence, robotics, cybersecurity, biotechnology and other cutting-edge fields.
