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CEED Tech completes first round of acceleration and funding

(Tallinn) CEED Tech, a consortium of Central and Eastern European technology accelerators, has completed the acceleration and funding of 34 startups.  The funded startups represent 15 countries, with programs taking place in 5 locations across Europe.  In total, CEED Tech allocated more than .9M EUR in European Commission grants and will further distribute 1.26m EUR in follow-up support.  Over 300 global mentors and potential investors as well as corporate partners supported the 5 accelerators.  Demo days were held in 6 locations, including London.

CEED Tech, will collectively provide €5 Million in grants to developing software startups by the end of the program. The funds will be distributed to accepted startups through open calls that began in September 2014 and run through the middle of 2016.  The second and final call begins July 1, 2015 and will close November 1st, 2015.

“Together, our B2C companies alone have gained almost 1 Million users worldwide, meanwhile our B2B companies have all gained paying customers.” Says Cedric Maloux, Managing Director of StartupYard. 

Calum Cameron, MD of Startup Wise Guys also states, “We have a strict focus on B2B companies and with six, almost seven, of our startups breaking €1,000 Monthly Recurring Revenue by program end, it’s time for everyone to think bigger.”

About CEED Tech:

CEED Tech is a consortium of 5 startup accelerators located throughout Central Eastern Europe. CEED Tech specializes in enabling scalable and high-potential startups with proficient founders through mentoring and investment.  The program members include StartupYard (Prague), Digital Factory (Budapest), The Spot (Bratislava), Startup Wise Guys (Tallinn), and Open Coffee Club (Vilnius).  The current and collective portfolio contains over 120 companies.
 
CEED Tech is managed by Civitta. Information is available at ceedtech.eu, or by email at info@ceedtech.eu. The five participation accelerators can be found at these websites:
 
Digital Factory (Hungary) digitalfactory.vc
Open Coffee Club Vilnius (Lithuania) 
StartupYard (The Czech Republic) startupyard.com
Startup Wise Guys (Estonia) startupwiseguys.com
The Spot (Slovakia) thespot.sk    

For more information, please contact Erik Anderson erik@startupwiseguys.com from Startup Wise Guys.
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