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Home » Innovation » B2B » Weekly news from Eastern Europe: Baltics, Russia, Ukraine and Poland

Weekly news from Eastern Europe: Baltics, Russia, Ukraine and Poland



startup eastern europe, startup russia

Posted by: Natasha Starkell  Tags: weekly news  Posted date:  April 21, 2012  |  2 Comments


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This week two Eastern European tech companies were backed: Estonian international money transfer startup Transferwise received 1 million Euro from Paypal Max Levshin, Index Ventures and others  and an aggregated paywall Piano Media from Slovakia raised 2 million Euro from 3TS.

Mini Seedcamp took place in Estonia and received ample coverage on TechCrunch, Arctic Startup and Eastist, you can find the list of the participating companies here.

Data visualization startup Inforg.am launched its beta this week.

Startup Monthly conference took place in Vilnus and announced a winner offline mobile maps app Mapswithme. One of the finalists who is also going to Silicon Valley is GigBasket, a Pinterest for jobs which means the only Lithuanian tech blogger I follow Eddy Balcikonis is likely to stop his coverage of the local startup scene, at least temporarily.

Startup Sauna announced the list of the startups which will go through its Helsinki-based accelerator program,TropicMind, which won a trip to Silicon Valley at Startup Monthly, is predictably not on the list.

My recent find, video social network Runfaces with origins in Ukraine made its appearance on TechCrunch yesterday, after making it to the top ten global startups of the Ukrainian startup rating. In the meantime in Ukraine tax authorities have been obstructing business of Rozetka.ua and partner organizations. Ain.ua follows the story (in Russian).

Further on the subject of Ukraine, Ukrainian Unshared.tv was covered by VentureBeat, whose blogger Jolie O’Dell referred to its interviewees as “Unshared founders” and “Unshared team”, in an unspectacular display of mediocre journalistic skills.  Jolie O’Dell should note that the founder of Unshared.tv is called  Dmitri Lisitski, who has also co-founded ThickButtons (the app predicts the button users need, and enlarges them on the keyboard). Besides, Unshared.tv is supposedly paid $18,500 to appear at the Demo (run by IDG in conjunction with VentureBeat), so at least the people deserved their names mentioned.

Russia was the radar of the major tech blogs as well, featuring on  GigaOm (Bobbie Johnson pondered why Russian companies go public in London), while Robin Wauters of The Next Web has plunged into the tech scene in Russia and reported some stats on the Russian ecommerce market. Ingrid Lunden of TechCrunch interviewed Alexander Turkot, the head of IT cluster at the government-backed incubator Skolkovo and wrote about potential for Facebook and Google in Russia. The Next Web has also run a story on Turkot and Skolkovo. And since we are on the subject of Russia, I have come across the list of top 30 online shops in Russia which is a month old (use Google Translate).

Romania Business Insider published an interview with Romanian business angel Peter Barta, director of Post-Privatization Foundation, who said that some of the challenges of the local entrepreneurs is know-it-all attitude and inability to learn from their mistakes.

And finally in Poland, personal finance management app Moneyzoom raised seed round from IQ Partners, and Placenow (a social network for individuals and organizations to share photos of their hometowns) was reviewed in Tnooz.

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About the author
Natasha Starkell
Twitter LinkedIn Facebook  Google+ Natasha Starkell is the founder and CEO of GoalEurope, advisory firm focusing on technology investment and software development in Russia and Eastern Europe. Prior to starting GoalEurope she has worked in the field of finance, mergers and acquisitions, corporate strategy and offshore outsourcing at Unisys Corporation in Switzerland and United Kingdom. She has an MBA degree from London Business School. She speaks Russian, English and German. She lives in Northern Germany.




2 Comments

JMCQ87

Generally like your style of making an overview – first post I read here and got to have someone cover Eastern Europe in this way, so I will bookmark your site.

As a suggestion: I would use some kind of “sub-headings”, in bold font, in such a post that writes about a diverse range of different topics. Makes it easier to find just the things you are interesting in!

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    Natasha Starkell

    Thanks! A good suggestion. I will see if I could apply a structure which is not purely geographical.

    Reply



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