Key Takeaways
- • Three banks, Erste Group, Bank Pekao and PKO Bank Polski, are committing a combined €116 million (PLN 500M) to Innovate PL FoF, the Polish government-backed fund of funds managed by PFR Ventures.
- • Sofia-founded cargo drone developer Dronamics has signed a definitive business combination agreement with SPAC GP-Act III Acquisition Corp. (Nasdaq: GPAT), with closing expected in the first half of 2027 pending shareholder and regulatory approvals.
- • Creandum closed its eighth fund at $750 million, targeting pre-seed to Series A technology startups, primarily in Europe.
- • Berlin-based Robin Capital closed its second early-stage fund at €15 million, bringing total commitments across two funds to €30 million.
- • TrollWall AI acquired competitor Elv.ai in an undisclosed deal, consolidating clients across Slovakia, the Czech Republic and other European markets.
Summary
Erste Group, Bank Pekao and PKO Bank Polski are putting a combined €116 million (PLN 500M) into Innovate PL FoF, the fund of funds run by PFR Ventures under Innovate Poland, a government-backed program that pools public and institutional capital and deploys it through private equity, private debt and venture capital funds.
Sofia-founded cargo drone developer Dronamics has signed a definitive business combination agreement with GP-Act III Acquisition Corp. (Nasdaq: GPAT), a publicly traded special purpose acquisition company. The transaction still requires approval from GPAT shareholders and regulators and is expected to close in the first half of 2027. If completed, the combined company will list on Nasdaq, and Dronamics says it will be the first company of Bulgarian origin to list on the exchange.
Swedish VC firm Creandum has closed its eighth fund at $750 million, targeting early-stage technology startups from pre-seed to Series A, primarily in Europe with a growing global focus. Founded in 2003, the firm follows a generalist strategy with increasing attention to AI-driven change across industries. Institutional backers include pension funds, university endowments and charitable foundations. Creandum has also tripled its San Francisco team over the past two years.
Berlin-based Robin Capital has closed its second early-stage fund at €15 million, bringing total commitments across its two funds to €30 million. Fund II has already made 17 investments, including SkySpy.ai, Marble Imaging and Helicity Space, focused on intelligence, defense, Earth observation and space exploration.
In consolidation activity, TrollWall AI, a Slovak company whose Moderation Agents automatically hide toxic social media comments, has acquired competitor Elv.ai. The deal is closed, and Elv.ai's clients, including media outlets and public institutions in Slovakia, the Czech Republic and other European countries, now run on the TrollWall AI platform. Financial terms were not disclosed.
Sofia-founded cargo drone developer Dronamics has signed a definitive business combination agreement with GP-Act III Acquisition Corp. (Nasdaq: GPAT), a publicly traded special purpose acquisition company. The transaction still requires approval from GPAT shareholders and regulators and is expected to close in the first half of 2027. If completed, the combined company will list on Nasdaq, and Dronamics says it will be the first company of Bulgarian origin to list on the exchange.
Swedish VC firm Creandum has closed its eighth fund at $750 million, targeting early-stage technology startups from pre-seed to Series A, primarily in Europe with a growing global focus. Founded in 2003, the firm follows a generalist strategy with increasing attention to AI-driven change across industries. Institutional backers include pension funds, university endowments and charitable foundations. Creandum has also tripled its San Francisco team over the past two years.
Berlin-based Robin Capital has closed its second early-stage fund at €15 million, bringing total commitments across its two funds to €30 million. Fund II has already made 17 investments, including SkySpy.ai, Marble Imaging and Helicity Space, focused on intelligence, defense, Earth observation and space exploration.
In consolidation activity, TrollWall AI, a Slovak company whose Moderation Agents automatically hide toxic social media comments, has acquired competitor Elv.ai. The deal is closed, and Elv.ai's clients, including media outlets and public institutions in Slovakia, the Czech Republic and other European countries, now run on the TrollWall AI platform. Financial terms were not disclosed.
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