Baltic VC Pulse | August 21 - 28, 2024
This week, using the RivalSense tool, we generated insights on over 40 Baltic venture capital firms. We recorded multiple transactions, event participation announcements, and other news.
👋 Hi, and welcome to Baltic VC Pulse, your guide to the Baltic venture capital scene. Every Thursday, we publish a roundup featuring the latest fundraisings, events, job opportunities, and insights from over 40 Baltic VCs. Join us to stay ahead of the curve in the Baltic VC ecosystem and to be the first to know about any emerging opportunities.
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💸 Fundraising News
Trind Ventures has invested in Helsinki-based AI-powered recruitment platform Jobilla in a €6M round
Coinvest Capital has added AMLYZE, a Lithuanian RegTech firm specializing in anti-financial crime solutions, to their website’s portfolio page with a total investment of 2,500,000 EUR and the fund's investment of 600,000 EUR. No public announcements have been made yet
FIRSTPICK led a €500,000 pre-seed funding round for Vilnius-based fashion repairs marketplace Tingit with the participation of BADideas.fund and two other funds
FIRSTPICK announced a €275,000 investment in CBRX's, a cybersecurity company’s, pre-seed round alongside ScaleWolf
Sunly raised €300 million in debt financing to accelerate the construction of 1.3 GW of solar, wind, storage, and hybrid parks across the Baltics and Poland
Iron Wolf Capital is preparing to launch IWC Fund II following a strategic planning workshop
NGL is expanding to Latvia and hiring a Managing Director in Riga with a gross salary of 4000€-6000€:
🎟️ Event Participation
Zane Kampa, Investment Associate at Change Ventures, will speak at the 'AI, Build my future' event in Riga on 3 September 2024
Tera Ventures is hosting EstoniAI Meetup Vol. 7 in Pärnu on 4 September 2024 to discuss AI's impact on education, business, and governance
Amna Ahsan, Operations Team Lead at Thorgate, is offering promocodes for PyCon Estonia 2024 on 5-6 September in Tallinn
Coinvest Capital's Managing Director Viktorija Trimbel and Investment Manager Matas Ramanauskas will participate in the 10th LitBAN Angel School starting on 10 September
NGL is hosting a business angel training program in Riga from 17 September to 3 October
Andreas Iten, CEO of Tenity, will speak at Nordic Fintech Week 2024 in Copenhagen on 25-26 September
On September 29th, Reima Linnanvirta and Liis Hiie from Trind Ventures will host office hours at Startup House Riga
Tenity will lead the startup challenge 'Fintech Factor 2024' at the Latvia Fintech Forum 2024 on November 5th, offering early-stage fintech companies a chance to pitch ideas and compete for prizes
Contrarian Ventures co-founder and managing partner Rokas Peciulaitis will join World Fund founding partner Craig Douglas for a deep dive into the VC green wave at Web Summit on 12 November 2024
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💡 Other Notable News
Baltic Sandbox Ventures plans to invest up to €3 million in early-stage deep tech, dual-use, and life sciences startups selected during the 'Pitch Battle' competition
Coinvest Capital, led by CEO Viktorija Trimbel, plans to closely monitor teams at the 'Ugninis skydas 2024' hackathon in Kaunas, having already invested €4.8 million in four defense startups
Shami Patel has joined Launchpad Capital as Managing Director from Cohen Circle, where he held the position of Managing Director
Tenity and Copenhagen Fintech have selected 10 startups for investment in the New Nordics Challenger Program from over 200 global applications
Verge HealthTech Fund, with Investment Associate Sigvards Krongorns, is actively seeking to invest in early-stage healthtech startups in the Baltics
theIntelligent VC, led by Founder & CEO Andrei Doktoroff, is developing autonomous modular homes for eco-tourism and off-grid living in Latvia, Ibiza, and Andorra
Sunly has rebranded to reflect its bold ambitions and commitment to shaping the future of renewable energy, according to CEO Priit Lepasepp
Bridgio rebranded from 'Bridgio Tech Accelerator' to 'Bridgio Venture Studio'
Specialist VC's founding partner Gerri Kodres stated that they chose not to invest in Planet42 due to its high-risk business model and low margins:
Thank you for reading this week’s edition. If you enjoyed it, please leave a like or comment, and share it with your friends. If you have any suggestions, would like us to feature a recent fundraising, mention that you're looking to invest, or simply list a job vacancy, reach out to us! We'd love to include it in the next issue of Baltic VC Pulse 🚀
All the best,
RivalSense Team
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