Baltic VC Pulse | August 7–14, 2024
This week we tracked more than 40 Baltic VCs and recorded various M&A transactions and other significant news using RivalSense. Here's what we found.
💸 Top Fundraising News
NordicNinja led a €6.5 million A2 extension round for VSParticle, a Dutch nanoparticle synthesis and deposition tools supplier, with participation of Plural Platform
Vilnius-based biotech startup Biomatter secured €6.5 million in a funding round led by Inventure and UVC Partners, with participation from Practica Capital and Metaplanet
Metaplanet joined The Engine Ventures and VSquared Ventures in leading a $5 million seed funding round for Kano Therapeutics
Practica Capital led a €2 million seed funding round for Lithuanian B2B trading platform Eany.io
ZGI Capital invested €1.5 million in a Latvian startup Electrify to revolutionize the electric minibus market
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Siena Secondary Fund received approval for an equity investment of up to EUR 10 million from the European structural and investment funds:
🎟️ Event Participation
Baltic Sandbox will discuss strategies to transform Klaipeda into an innovation hub on August 22nd in Bar TEMA, Klaipeda
Matas Ramanauskas, Investment Manager at Coinvest Capital, will be mentoring at the Well-Tech Bootcamp event in Palanga on August 22-24
BADideas.fund will answer questions about their Fundraising School at Startup House Riga on August 27th
2C Ventures will be participating in PropTech Connect at InterContinental London on September 4-5
Tomas Kemtys, General Partner at Contrarian Ventures, and Rūta Skarulskė, Head of ESG & Impact at Contrarian Ventures, will be speakers at the Baltic VCA Summit 2024 on September 5-6
💡 Other Notable News
BADideas.fund announced the launch of the second batch of its free Fundraising School for CEE startups in partnership with the Latvian Investment and Development Agency
Startup Wise Guys is accepting applications for Founders Club 11 until August 15, offering support to secure up to €100K in investment
Viktorija Trimbel, director of the venture capital fund holding shares in Contribee, Coinvest Capital, was mentioned in a public scandal involving Contribee
Tenity's Tallinn Hub received a record number of 600+ applications this year
Startup Wise Guys is currently seeking a B2B cofounder in Latvia
Bridgio Accelerator expanded its network by collaborating with top universities like VILNIUS TECH, TalTech, and Technische Universität Wien in their ongoing program with Infineon Technologies
FIRSTPICK team members will be mentoring at the Fundraising School 2.0 Bootcamp by BADideas.fund to help first-time founders from CEE raise funds
Alessandro Bertino joined Contrarian Ventures as a Principal in the United Kingdom after previously working as an Investor at myenergi
Tim Vaino, an investment manager with Change Ventures, discussed wealth management for tech founders and employees on episode 171 of The Pursuit of Scrappiness Podcast
Mark Robinson, Commercial Director at Yolo Investments, discussed the company's focus on solving iGaming and fintech pain points and their strategy for sustained prosperity in a recent SBC News interview
Practica Capital officially joined Unicorns Lithuania to support current and future unicorns in the country:
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