Time is Ltd, Brunch, Edumus

The start-up scene in emerging Europe is flourishing: new money is constantly pouring into the market. To keep you up to date with the latest investments, innovations, engines and shakers, every Monday Emerging europe offers you a practical overview of the start-ups in the region that have closed funding rounds during the previous seven days.


From left to right: Cyril Hoschl, Jan Rezab, Ulf Zetterberg. Photo: Time is Ltd
Prague-based collaborative analytics platform Time is Ltd. obtains 4.6 million euros as part of a funding round

Czech start-up Time is Ltd closed a € 4.6 million (US $ 5.6 million) funding round led by angel investor Mike Chalfen of London-based Chalfen Ventures. Illuminate Financial Management, Acequia Capital, existing investor Accel, as well as angel investors Paul Sallaberry and Clark Golestani also participated.

Founded in 2017 by Cyril Hoschl and Jan Rezab, the start-up aims to address an important challenge facing today’s businesses: with all the digital communication and collaboration tools in use, how much real work is carried out ?

Its platform integrates seamlessly with Microsoft Office 365, Google Workspace, Slack, Microsoft Teams, Webex, and Zoom to deliver insight into team productivity, a virtual must at a time when many businesses are turning more in addition to remote work.

Data points include over 400 user-defined selections, meaning managers can plot their own course and then measure it. With data, managers can formulate plans on how to increase productivity, engagement, and effective collaboration within their departments.

“The ability to analyze these types of collaboration and communication data in a privacy-compliant manner, alongside existing business metrics, is the future of every business heart rate understanding – I think 10 years from now , we will examine how we could have ignored information coming from these platforms ”, says Jan Rezab, CEO and co-founder.

The company also reports that Ulf Zetterberg, founder and former CEO of Seal Software, will join Time is Ltd. as president and co-founder.

The start-up plans to use funds from the latest round to boost international expansion and product development.


The Brunch team. Photo: Brunch
Romanian start-up Brunch scores 250,000 euros to develop its collaboration application

Brunch is a new Romanian start-up aimed at helping web developers, designers and marketers collaborate better.

Founded in 2020 by entrepreneurs Andrei Stoica and Razvan Statescu, the company has now received € 250,000 in funding from Ulpia Ventures.

Its app facilitates collaborative processes between teams that create and optimize websites. With the app, feedback from all stakeholders is managed during website creation, reducing development time and costs. Currently, the app has a free version and two paid plans, one for freelancers and the other for businesses.

“We have been working in digital marketing and web development for over 10 years and we have identified a market need for a platform that can facilitate web collaboration to create new websites and optimize existing ones. Brunch reduces time spent and financial resources invested, improves communication and the feedback process, while being very easy to use by anyone. This investment is proof of our partner’s confidence, it confirms our economic model and helps us accelerate our growth ”, explains Andrei Stoica, CEO.

The brunch recently caught the attention of entrepreneur and investor Mihai Ivașcu, CEO of Modex and investment partner at Ulpia Ventures, which led to the close of the current cycle.

“The 250,000 euros in funding will allow Brunch to reach the next level of development, become a market leader in less than a year and create a new trend among web developers, content creators and professionals. marketing. We are happy that Brunch is joining the Ulpia Ventures family, alongside other tech companies and I know we will do great things together, while also solving real problems through emerging technologies being developed by the new wave of entrepreneurs, ”a declared Ivașcu.


The Edumus team. Photo: Édumus
Estonian start-up Edumus raises € 180,000 to tackle global teacher shortage

The edtech start-up founded by an Estonian woman, Edumus, received 180,000 euros from Estonian and Finnish angel investors.

Edumus is a platform and market that allows specialists from different fields and industries to join schools as part-time teachers. Thanks to the platform, they can give lessons in a specific subject, at a level, during a school year.

The platform takes care of the entire process of recruiting new teachers – professionals can enroll in the program and are then put in touch with local schools that need their skills. A training program developed by Finnish teacher education professionals is designed specifically for those with no teaching experience and covers 21st century pedagogy and teaching methodologies.

In this way, the company hopes to solve a real problem in the field of education: the continuing shortage of teachers. According to the UNESCO Institute for Statistics, 69 million more teachers must be recruited to achieve universal primary and secondary education by 2030.

“21st century schools need new types of teachers. We believe that scientists, developers, engineers and other specialists should be more involved in school education and share their real life experience. Edumus’ training program and facilitation software system help connect schools with professionals. This year the Edumus platform will be launched in Ukraine in addition to Estonia, with ongoing negotiations in Uzbekistan, ”said Maria Rahamägi, the 28-year-old founder of Edumus.

Launched in Estonia in 2019, in just two years, the education initiative has already sent more than 40 specialists to schools. In September, Edumus will send up to 200 additional specialists to schools in Estonia as part-time teachers.


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