Recent developments, including Rumble’s significant investment from Tether and MixRift’s successful funding round, again highlighted the region’s potential for tech entrepreneurship. Meanwhile, our series on Central and Eastern European investors explores the evolving venture capital landscape, and experts at the Butterfly Innovation Forum discuss how AI can drive economic growth in the region.
Video-streaming platform Rumble secured a 775 million dollars investment from cryptocurrency company Tether. The strategic investment brings a mission-aligned investor, with $250 million allocated to strengthen Rumble’s balance sheet and accelerate growth. Based in the US, a part of Rumble’s team is also located in North Macedonia, where it focuses on moderating the content that is uploaded to the platform. Read more.
Our new series, Meet the Central and Eastern Europe Investors, takes a closer look at the growing venture capital landscape in the CEE region. It highlights key trends, challenges, and opportunities shaping the investment scene, offering insights into the region’s potential for innovation and growth. We kick off the series with Inovo VC, a Polish venture capital fund that focuses on supporting ambitious founders in Central and Eastern Europe. Read more.
The mixed reality gaming space is entering an exciting new phase, inspired by technological advancements and growing user interest. One of the exciting players in the space is Romanian startup MixRift. The startup recently secured 1.6 million dollars in a seven-week pre-seed investment round, with major backers such as Outsized Ventures and Underline Ventures. Read more.
As AI continues to reshape industries worldwide, Southeast Europe has an opportunity to leverage this technology to boost its economic competitiveness. By focusing on collaboration, infrastructure development, and targeted investments in AI-driven solutions, regional countries can overcome existing challenges and unlock new opportunities for growth, experts pointed out during the latest Butterfly Innovation Forum in Montenegro. Read more.
