Tag Archives: funding

Primus Capital funds startup from Hungary – Maven7

As reported by SiliconGulash, Primus Capital investments from Hungary funded Maven7 for 575,000 Euros.

Maven7 is a B2B Hungary based startup, offering SaaS tools for analyzing organizations network in a unique way. Their product OrgMapper enables consultants to easily analyze networks within the organization, determine key points, decision makers and how they affect their environment. This analysis can point out strong and weak points in the organizational structure, allowing for implementation of correction measures in the fastest way possible.

This can lead to better goal achievement, optimization of processes, human resources and many other key company factors. Clients already include Coca-Cola, Nestle and many more international brands.

Primus Capital is backed by the EU JEREMIE program.

PNB provides great opportunities for tech entrepreneurs

PNB Awarded New Grant by Blackstone Charitable Foundation

Recently Blackstone has dedicated a total of $1.6 million through their second annual grants Program that targets entrepreneurship and innovation entrepreneurship in areas hardest hit by the global economic crisis  through many organizations like PNB.

The Aspen Institute’s Partners for a New Beginning (PNB) focus on generating opportunities for less fortunate entrepreneurs in the Levant and North Africa since 2011, and it has been awarded a total $125,000 from the Blackstone Charitable Foundation.

PNB will select 10 high-impact tech entrepreneurs representing PNB countries and link them with US entrepreneurs, experts and investors for a week, in which an intensive training will be provided. This will also give some entrepreneurs the chance to find more resources and financial support.

One of PNB’s success stories is “Ibn Khaldoun Exchange Program” in the Maghreb.

Israel based startup Keepgo receives $1.3 mil. funding from Russia

With the mobile data roaming market reaching over $40 billion annually, as stated by Jupiter Research, anything that can provide the users with a cost effective service and still get results done is hot commodity.

Keepgo, an Israeli based startup, is offering its services as a mobile data operator on a global level at local prices. Keepgo provides services to different types of users, from personal to corporate, providing them with a SIM card which they can use for mobile data usage no matter where they are traveling.

The system is an aggregator of mobile carriers, buying data packages from networks around the world. With a developed both mobile and network applications it integrates with the carrier network of a given country seamlessly.

Keepgo also developed ground breaking technology and made it possible for any gadget to connect across over 400 mobile carriers.

Founded by David Lipovkov and Guy Sbarsky, in 2009, it already made a over $3 million in revenues last year.  Earlier this month Keepgo received funding of $1.3 million from IMI.vc and AltaIR, two Russian funds.


Rakuten will acquire Viber for 900m USD!

The largest Internet company in Japan Rakuten will acquire Cyprus-based company Viber for 900m USD.

Rakuten is one of the world’s largest e-commerce companies and Viber is one of the most popular free calling services in the world. Rakuten acquisition of Viber is one step closer to reaching their goal of becoming “No. 1 Internet services company”.

Rakuten is well-known for dozen of acquisitions also in Europe, like acquiring French logistic company Alpha Direct Service for enabling same day deliveries in Paris and next-day deliveries across Europe, then Spanish video streaming service Wuaki.tv.  Also invested in global Internet brands such is Pinterest (100m USD) etc.

Rakuten CEO Hiroshi Mikitani said: “I am tremendously excited to welcome Viber to the Rakuten family. Viber delivers the most consistently high quality and convenient messaging and VoIP experience available. Additionally, Viber has introduced a great sticker market and has tremendous potential as a gaming platform.”

Acqusition of Viber is one of the biggest acquisitions in the SEEMEA region.

Lithuanian Vinted raises over 20 million Euros

There has always been a great demand for second hand clothes, since it is a place where anyone can find amazing deals and items.

Vinted is a Lithuanian marketplace for second hand clothes and it was founded in 2009 by Justas Janauskas and Milda Mitkute. It has become very popular and has already raised over 5 million Euros in the first series from Accel Partners and others. It has an audience of over 8 million users and it is available on both Android and iOS.

In the second round of investments Vinted received an infusion of over 20 million Euros thanks to the Insight Venture Partners, and its existing backer and others.

Its main competitor is Kominoi, also from Lithuania, which has 1 million visitors per month.