Eleven startups, millions of euros, and the fourth cohort ahead. Sherpa accelerator now opens its doors to startups from across CEE

Sherpa, the accelerator launched a year and a half ago by Czech Founders VC, has already invested in three cohorts of Czech and Slovak startups. Now it is opening its fourth round – with applications accepted until September 5 – and for the first time the program is welcoming early-stage startups from the entire Central and Eastern European region.
Nationwide survey among Czech startups launched. Results will be reflected in the upcoming Startup Act

The Office of the Government, the Ministry of Industry and Trade, the CzechInvest agency, and the Czech Startup Association have launched a questionnaire survey among Czech startups. The unique data will help set more suitable conditions for the development of startups and will serve as a key basis for the draft wording of the law, which is to be submitted to the government next year.
No queues and self-checkout in 10 seconds. Purple Ventures invests EUR 640 thousand in Czech startup Buylo

Imagine placing ten items into a checkout box at once and walking away with a receipt in just ten seconds. No queues, faster and more convenient shopping. But also automated inventory and minimized losses.
Peter Thiel-backed Nordic SNÖ Ventures winds down operations; partners split to launch independent funds

SNÖ Ventures is an Oslo-based venture capital firm founded in 2015 by Magne Uppman and Teodor Bjerrang, and backed by famous Peter Thiel. It focuses on early-stage, high-growth technology startups across the Nordic countries: Norway, Sweden, Finland, Denmark, and Iceland
Strangeworks Acquires Quantagonia to Create Global Leader in Applied AI, Optimization, and Quantum Computing

Acquisition brings together applied artificial intelligence, agnostic solver orchestration, high performance (HPC) and quantum computing to address businesses’ most complex challenges faster, smarter, and more intuitively than ever before.
Komerční banka Becomes 100% Owner of Czech Online Platform Upvest

Komerční banka, a.s., through its subsidiary KB SmartSolutions s.r.o., has become the sole owner of upvest, s.r.o. by acquiring the remaining 4% stake. The Upvest brand will be preserved, and services for developers as well as retail and institutional investors will continue to be offered unchanged.