Istanbul-based VC firm 500 Emerging Europe has raised more than €50m for its third fund, which is targeting a close of €70m, to invest in startups from central and eastern Europe (CEE) — from the Baltics to Turkey.
- 500 Emerging Europe will invest in very early-stage projects, writing cheques of up to €1m for 5-10% ownership stakes.
- It is also planning to open an office in one of the CEE countries in the upcoming months.
- The fund will invest in startups from any sector — but Hulli says the best founders in the region tend to follow global trends, such as gaming or machine learning.
Everything that’s happening geopolitically in the region not only breeds more entrepreneurship, but it also pushes entrepreneurs to be even more global and hedge their local risks, – Enis Hulli, the company’s general partner
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Come Back Alive is one of the largest charitable foundations that supports Ukrainian soldiers, founded by the IT specialist Vitaliy Deynega. The organization collected more than 210 million UAH (more than $7M) in 2014. According to Na chasi, the Patreon page Come Back Alive is in the top ten projects by the number of financial donations.
There are several other organizations to support:
- MacPaw Development Fund
- Army SOS, which develops drones;
- Everybody Can, an organization that supports internally displaced people;
- Help on the Ministry of Defense website.