CEED Tech
CEED Tech is a consortium of five startup accelerators located in Central and Eastern Europe, specifically in Prague, Budapest, Bratislava, Tallinn, and Vilnius. Founded in 2011, CEED Tech focuses on fostering technology companies by providing tailored acceleration programs that last between three to six months. Over the years, it has successfully launched 94 technology startups, helping them secure over €5 million in seed and venture capital. Each selected startup receives initial seed financing of up to €30,000, with the potential for follow-up funding ranging from €30,000 to €250,000 based on their business viability and market potential. CEED Tech's programs are designed around the specific needs of participants, employing best practices from leading global accelerators. The project is co-funded by the European Commission and supported by private investors, who acquire 5% to 15% equity stakes in exchange for their investments.
Top Sectors
https://crunchbase.com/organization/***
Past deals in Lithuania
Savy
Seed Round in 2015
Savy is a Lithuania-based peer-to-peer lending platform that directly connects borrowers with European investors. It operates a loan marketplace where borrowers obtain financing without going through traditional banks, with loan agreements made directly between borrowers and investors. The platform does not rely on deposit accounts, and payments are arranged via borrowers' and investors' bank accounts, with loans typically issued as annuities and repaid monthly; returns are transferred to investors automatically. The service encompasses a range of loan types, including consumer loans as well as home, car, real estate development, and small business financing, enabling clients to access financing at potentially lower costs than conventional lenders. By facilitating direct investor-borrower connections, Savy aims to streamline funding and offer borrowers and investors streamlined, predictable terms across Europe.
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