Baltic VC Pulse | February 06 - February 13, 2025
Using RivalSense we this week generated insights on over 40 Baltic venture capital funds. 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
Trace.Space raised €3.8 million in seed funding led by Cherry Ventures, marking their first investment in the Baltics, with participation from Change Ventures, Outlast Fund, Fiedler Capital, and Nebular
Claimlane raised €1.8M in a Seed round led by Vendep Capital to expand its product return management SaaS into the UK and mainland Europe
BADideas.fund announced the launch of their oversubscribed €22M fund to support founders in the Baltics/CEE
🎉 Latvian Startups Secure €610K in Investments at TechChill
Top Investment Recipients:
THEO Growth (€350K) – A plug & play business information platform for SMBs.
€250K investment from BADideas.fund
€100K investment from FIRSTPICK
Protium Tech (€160K) – A cost-reducing hydrogen production solution.
€100K investment from Depo Ventures
€60K investment from Beamline Accelerator
AdsMom (€50K + €10K prize) – A global ad library analytics platform.
€50K investment from the Latvian Business Angels Network
€10K TechChill community prize (no strings attached)
Winners of The Fifty Founders Battle
Tournated (€50K) – An alternative to Shopify for sports organizations.
€50K investment from the Latvian Business Angels Network
💡 Other Notable News
Tenity is launching Emerge Estonia, a program to help international entrepreneurs enter Estonia's startup ecosystem.
Andrus Purde from Little Green Fund has joined the new board of the Estonian Founders Society
Startup Estonia published a report on Estonian startup ecosystem’s growth, challenges, and key insights in 2024
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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