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The Recursive

The Recursive

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SEE/Balkan startups, founders, and venture coverage.

Recent Posts

“Frankfurt Is Our Gateway to Growth”: Bulgarian Sirma Takes Its AI Ambitions Pan-European
News•Feb 27, 2026

“Frankfurt Is Our Gateway to Growth”: Bulgarian Sirma Takes Its AI Ambitions Pan-European

Sirma Group Holding, a Bulgarian AI pioneer founded in 1992, has completed a dual listing on the Frankfurt Stock Exchange, positioning the firm as a pan‑European technology provider. The move is expected to improve liquidity, broaden investor access, and raise the company’s profile among institutional capital. Sirma now reports over €66 million in revenue and €1.8 million profit, driven by its Sirma.AI Enterprise platform serving banking, insurance, healthcare and other sectors. The CEO highlighted Europe’s slower AI adoption versus the U.S., citing regulatory costs and funding gaps as key challenges.

By The Recursive
Bulgarian AI Firm Sirma Group Holding Completes Dual Listing on Frankfurt Stock Exchange
Deals•Feb 27, 2026

Bulgarian AI Firm Sirma Group Holding Completes Dual Listing on Frankfurt Stock Exchange

Sirma Group Holding, a Bulgarian AI technology provider, officially opened trading on the Frankfurt Stock Exchange, completing its dual listing. The new listing expands its access to European capital markets, improves liquidity and investor reach, and supports its growth strategy.

The Recursive
Czech ValkaAI Raises One of the Biggest CEE Pre-Seed Rounds to Date
News•Feb 24, 2026

Czech ValkaAI Raises One of the Biggest CEE Pre-Seed Rounds to Date

Czech AI startup ValkaAI closed a €12 million pre‑seed round, one of the largest in Central and Eastern Europe, led by Rockaway Ventures with participation from J&T Ventures, Tensor Ventures, BD Partners and Fond Naše Česko. The funding will fuel development of...

By The Recursive
CEE Startup & Tech Weekly: CEE Tech Weekly: Databricks Completes $5B Funding Round
News•Feb 21, 2026

CEE Startup & Tech Weekly: CEE Tech Weekly: Databricks Completes $5B Funding Round

Databricks announced the close of a $5 billion equity round and an additional $2 billion of debt capacity, pushing its valuation to $134 billion and reporting $5.4 billion in annualised revenue, a 65 % YoY increase. The funding round underscores the influence of its Romanian...

By The Recursive
“If You Can Work Together on a Boat, You Can Build a Startup”
News•Feb 20, 2026

“If You Can Work Together on a Boat, You Can Build a Startup”

Yasido, founded by two sailors, has turned a private yacht‑booking tool into a Europe‑focused marketplace likened to "Booking.com for yachts." The platform automates the complex legal, logistical and trust‑building steps of chartering, cutting dozens of emails to a single click....

By The Recursive
Czech Navigara Raises Over €2M With Support From CEE Funds
News•Feb 19, 2026

Czech Navigara Raises Over €2M With Support From CEE Funds

Czech startup Navigara secured a $2.5 million seed round, backed by Inovo VC, Rockaway Ventures and QQ Capital, to commercialise its AI‑driven engineering analytics platform. Founded in 2022, the company translates development‑stack data into clear performance indicators that quantify the impact...

By The Recursive
5 Romanian Fintech Startups to Watch, According to Investors
News•Feb 18, 2026

5 Romanian Fintech Startups to Watch, According to Investors

Independent projections show Romania’s digital payments could reach nearly $93.5 billion by 2030, expanding at just over 20% CAGR. This surge is fueling demand for fintech solutions that serve an increasingly digital SME landscape. Investors highlighted five startups—FilmChain, Finqware, Lendox, Symphopay...

By The Recursive
EIC Ambassador on Europe’s Climate Tech Shift: Why Companies Are Building at Home
News•Feb 17, 2026

EIC Ambassador on Europe’s Climate Tech Shift: Why Companies Are Building at Home

European climate‑tech firms are increasingly staying and scaling within the EU, shifting away from the traditional Silicon Valley model. Geopolitical tensions, supply‑chain resilience and stringent sustainability targets are prompting companies to locate manufacturing and R&D on the continent. Angela Ivanova,...

By The Recursive
Google Maps Co-Founder Lars Rasmussen and Lefteris Katsiadakis Are Turning Athens Into a Startup Magnet
News•Feb 17, 2026

Google Maps Co-Founder Lars Rasmussen and Lefteris Katsiadakis Are Turning Athens Into a Startup Magnet

Google Maps co‑founder Lars Rasmussen and Panathēnea CEO Lefteris Katsiadakis are turning Athens into a Southeast European startup hub. The nonprofit festival attracted investors such as Sequoia, Index Ventures, NVIDIA and OpenAI, and featured over 3,000 attendees from 44 countries...

By The Recursive
Farseer Secures €6.07M Series A to Scale FP&A Platform Across Europe and North America
News•Feb 16, 2026

Farseer Secures €6.07M Series A to Scale FP&A Platform Across Europe and North America

Croatian fintech Farseer announced a €6.07 million Series A round, led by AYMO Ventures with participation from existing backer SQ Capital. The funding will fuel expansion into Western Europe and North America and accelerate hiring and AI‑driven product development. Farseer’s cloud platform...

By The Recursive
Farseer Raises €6.07M Series A Led by AYMO Ventures
Deals•Feb 16, 2026

Farseer Raises €6.07M Series A Led by AYMO Ventures

Croatian B2B SaaS startup Farseer announced a €6.07 million ($7.2 million) Series A round to scale its FP&A platform across Europe and North America. The round was led by AYMO Ventures with existing investor SQ Capital reinvesting, alongside undisclosed participation from customers, partners...

The Recursive
Real Equity vs Virtual Shares in Bulgaria: A Corporate Governance Playbook for Employee Incentives
News•Feb 13, 2026

Real Equity vs Virtual Shares in Bulgaria: A Corporate Governance Playbook for Employee Incentives

Bulgarian companies are increasingly choosing between real equity and virtual (phantom) shares to motivate staff, each offering distinct governance and tax outcomes. Real equity provides statutory ownership and voting rights but can create minority vetoes and exit‑execution risk. Virtual shares...

By The Recursive
Defense Tech Startup Occam Raises €3M Following Brave1 Integration Approval in Ukraine
News•Feb 11, 2026

Defense Tech Startup Occam Raises €3M Following Brave1 Integration Approval in Ukraine

London‑based Occam Industries announced a €3 million pre‑seed round, led by Czech investor Presto Tech Horizons and backed by Antler, Freedom Fund, TYR.vc and angels. The financing follows the company’s approval for integration testing with Ukraine’s Brave1 defense tech cluster, validating...

By The Recursive
Why Is a $700M Startup “Testing” Its AI in the Balkans?
News•Feb 10, 2026

Why Is a $700M Startup “Testing” Its AI in the Balkans?

Wonderful, an Amsterdam‑based autonomous AI‑agent platform, raised $134 million and reached a $700 million valuation within its first year. In September 2025 it opened a Central‑Eastern European hub in Zagreb, positioning Croatia, Serbia and Slovenia as a proving ground for culturally‑grounded AI. The...

By The Recursive
How a Romanian Startup Found Its Strongest Growth in Latin America
News•Feb 9, 2026

How a Romanian Startup Found Its Strongest Growth in Latin America

Pluria, a Romanian‑founded hybrid‑work platform, has seen its strongest growth in Latin America, especially Colombia, Mexico and Argentina, with 2025 revenue expanding 2.5 times versus the prior year. The company entered the region opportunistically, bypassing traditional market analysis, and quickly...

By The Recursive
Poland’s VC Market Leans Heavily on Seed-Stage Funding
News•Feb 9, 2026

Poland’s VC Market Leans Heavily on Seed-Stage Funding

Poland’s venture‑capital market deployed €0.8 billion across 183 transactions in 2025, marking a 28% increase over 2024 when mega‑rounds are excluded. Seed‑stage deals dominated, with 134 rounds – a 20% year‑on‑year rise – and average ticket sizes steady at €1.5 million. Public...

By The Recursive
Readmio Raises €1M From Simpact Ventures to Accelerate Global Expansion
Deals•Feb 5, 2026

Readmio Raises €1M From Simpact Ventures to Accelerate Global Expansion

Czech‑Slovak EdTech startup Readmio announced it has secured €1 million in growth‑stage funding from Polish impact fund Simpact Ventures. The capital will be used to expand the voice‑recognition storytelling app into Asian markets, the United States and Latin America, and to...

The Recursive
Nomagic Secures €8.51M Series B Extension From Cogito Capital
Deals•Feb 2, 2026

Nomagic Secures €8.51M Series B Extension From Cogito Capital

Polish warehouse robotics startup Nomagic announced a €8.51 million ($10 million) Series B extension round led by Cogito Capital Partners. The funding will support commercial expansion in the US and further development of its physical AI technology. Nomagic’s AI‑powered robots aim to automate...

The Recursive
InsiderCX Raises €1.5M Seed Round Led by GapMinder
Deals•Jan 27, 2026

InsiderCX Raises €1.5M Seed Round Led by GapMinder

Croatian healthtech startup InsiderCX announced a €1.5 million seed round to expand its AI‑driven patient experience platform across Europe. The round was led by GapMinder with participation from Silicon Gardens Fund. The funding will support international expansion, entry into the healthcare...

The Recursive

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