Bulgaria

The VC ‘Scramble for Europe’ breaks out in the East as a €70M fund breaks cover

There is a fight emerging in Central and Eastern Europe, and all the way down into the South Eastern regions. Investors such as Inovo, Credo, LauncHub, Vitosha, VentureFriends, and Marathon VC are all

Swvl’s $100M acquisition of Smart Bus startup Zeelo is off, amid tech stocks slump

All is not well with the proposed acquisition of U.K. start bus platform Zeelo by Mass transit group Swvl. Back in April, we covered how a possible $100 million acquisition was on the cards, and, inde

Messaging app Viber launches Payments, a new digital wallet for paying bills, money transfers and buying goods

Viber, the messaging app owned by Japanese e-commerce giant Rakuten, has long been dancing around the area of fintech, launching services like money transfer and chatbot payments in various countries

Payhawk becomes a unicorn as it extends its Series B

European spend management startup Payhawk has added $100 million to its Series B round that I already covered back in November. The startup confirms that it has reached a post-money valuation of $1 bi

Eleven Ventures closes new fund at $67.6M to invest in Southeastern European startups

Bulgarian venture capital is experiencing something of a renaissance. Last year LAUNCHub Ventures raised a €70 million find aimed at Southeastern Europe, while Vitosha Venture Partners raised a €2

Spotify’s new Podcast Subscriptions expand to global markets

Just a few months after launching support for podcast subscriptions to U.S. creators, Spotify today is making the service available to creators in global markets. The company says the service, which a

Vitosha Venture Partners launches $30M fund to back Bulgarian-related early-stage startups

Vitosha Venture Partners is a brand new venture fund launching out of Bulgaria, and backed by the Bulgarian government. The €26 million ($30 million) fund aims to invest in approximately 100 compani

Glovo splurges $208M on three Delivery Hero brands in the Balkans

The high-stakes game of chess (or, well, consolidation chicken) that is on-demand food delivery rolls on today with a little more territorial swapping in Europe: Barcelona-based Glovo has agreed to bu

LAUNCHub Ventures heading towards a $85M fund for South Eastern European startups

LAUNCHub Ventures, an early-stage European VC which concentrates mainly on Central Eastern (CEE) and South-Eastern Europe (SEE), has completed the first closing of its new fund at €44 million ($53.5

Nvidia will power world’s fastest AI supercomputer, to be located in Europe

Nvidia is is going to be powering the world’s fastest AI supercomputer, a new system dubbed “Leonardo” that’s being built by the Italian multi-university consortium CINECA, a g

Phos, the UK fintech that offers a software-only POS for smartphones, raises €1.3M

Phos, the U.K. fintech that offers a software-only PoS so that merchants can accept payments directly on their phones without the need for additional hardware, has raised €1.3 million in funding. Th

Bulgaria now requires (some) government software to be open source

Fans of free and open-source software are rejoicing today at the news that Bulgaria will now require all software written for the government must be FOSS. But while this is a promising advance, don't

Bulgarian startup favit wants to put your online chaos in order

<img src="http://eu.beta.techcrunch.com/wp-content/uploads/favit.jpg" alt="favit" title="favit" width="149" height="35" class="shot" />[Bulgaria] One of the biggest problems Internet users face everyd