Vestbee

Vestbee

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  • Top CEE funding rounds closed in May 2025

    3 weeks ago | vestbee.com | Lisa Palchynska |Konrad Koncerewicz

    Every month, Vestbee compiles a list of the most significant financial rounds closed in Central and Eastern Europe and the broader European region, providing details on each deal. Below is a list of startups from CEE that received funds during May.

  • Grammarly raises $1B from General Catalyst to develop AI productivity platform

    4 weeks ago | vestbee.com | Lisa Palchynska

    Grammarly, a Ukrainian-founded company known for its AI-powered writing assistant, has raised $1 billion in non-dilutive financing from General Catalyst's Customer Value Fund (CVF), as the firm announced on Thursday. As of 2021, Grammarly was valued at $13 billion. Founded in 2009, Grammarly now supports over 40 million users daily.

  • European unicorns report: market dynamics, trends, and challenges

    1 month ago | vestbee.com | Katarzyna Groszkowska |Lisa Palchynska

    Dealroom data shows that over 2,800 startups have achieved a valuation of $1 billion or more, or an exit, since 2000, across more than 420 cities worldwide. Since 2018, over 100 new unicorns have been minted yearly, except in 2021, when this number spiked to 787 – a rate of more than two unicorns per day. Over half of these unicorns are based in North America and parts of Asia. Europe has undergone a remarkable transformation in recent years, with the number of unicorns rising significantly.

  • UK-based PlaySafe ID raises €1M to tackle cheating and abuse in online games

    1 month ago | vestbee.com | Lisa Palchynska

    UK-based startup PlaySafe ID, which issues verified digital identities to stop cheaters, bots, and online predators from ruining games, has raised a €1 million ($1.12M) pre-seed round. The investment was led by Early Game Ventures, with participation from Hartmann Capital and Overwolf. Founded by Andrew Wailes, PlaySafe ID offers a privacy-first platform that verifies gamers are real people and haven’t been flagged for cheating or harmful behavior, all while preserving anonymity and user freedom.

  • Lithuanian deeptech startup Astrolight raises €2.8M to power secure space-to-Earth laser communication

    1 month ago | vestbee.com | Lisa Palchynska

    Astrolight, a Lithuanian deeptech startup developing secure laser communication systems for space, has raised €2.8 million in a seed round. Balnord led the round. The funding will accelerate Astrolight's development of its end-to-end laser communication platform, designed to connect satellites with securely Earth-based infrastructure — a solution the company calls the "missing link" in space data transmission.

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