Romania-based marketing content creation automation platform ProductLead lands €600,000

Constanta, Romania-based marketing content creation platform has raised €600,000 to automate content creation. The financing was led by Sparking Capital, and saw participation from Bulgarian fund Eleven Ventures and Swedish fund Founders Bridge. The funding is expected to be used towards growing the team, further product development, and push into foreign markets, particularly the CEE […]

London-based payments provider SumUp raises €750 million

Fresh off a number of recent acquisitions, London-based payments provider SumUp has recently raised €750 million. The oversubscribed round saw participation from existing backers Goldman Sachs, and Bain Capital Credit, and new investors Temasek, Crestline, and funds managed by Oaktree Capital Management. ”We’re proud to be backing SumUp once again and we recognise the truly […]

Search-as-a-service firm Algolia acquires Romania-based Morphl to boost its AI capabilities

France-born ‘search-as-a-service’ company Algolia has acquired Morphl, a Bucharest, Romania-based AI tech startup that was funded by Google through the US tech giant’s Digital News Initiative. At its core, Morphl helps e-commerce companies ‘make intelligent decisions, personalize experiences and accelerate growth’ with an AI/ML platform. Algolia has picked up the company to help boost its […]

“A goldmine of tech talent:” Two reports highlight growing software export capacities in four Eastern European countries

Editor’s note: This article from Ukraine Digital News was syndicated with permission. Two industry reports have been released this week, bringing fresh data and analysis about the software development industry in Eastern European countries. The first report was issued by a consortium of leading local investment firms (AVentures Capital, Aventis Capital, and Capital Times) in partnership with IT service […]

Romanian recruitment marketing startup SmartDreamers lands €1.2 million

Social media recruitment automation startup SmartDreamers from Romania has raised €1.2 million in a round led by GapMinder Venture Partners, with participation by Catalyst Romania. Founded in 2015, SmartDreamers has released a platform for social media marketing automation tailored to the needs of recruiters and agencies. It streamlines publication of job ads on different websites […]