Baltic VC Pulse | February 27 - March 06, 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
theIntelligent VC participated in Lambda's $480M Series D round through KHK & Partners, as announced by CFO Irina Gelvere-Uspenska
Plural is leading a $35 million Series A investment in Relay Technologies, co-founded by Nicole Mazza and Jonathan Jenssen, to target the ecommerce delivery market
SmartCap Green Fund participated in Stargate Hydrogen's €11 million Series A funding round to support the development of affordable green hydrogen
Vendep Capital led a €3.6M funding round for Bookboost, a company transforming hospitality with its CRM platform
Tera Ventures participated in a €3.5M seed-funding round for the Estonia-based Cino, a real-time shared payment app, led by London's Balderton Capital
2C Ventures led the pre-seed funding round for Estonian startup GaltTec, which raised €1 million to develop next-generation fuel cells for drones and IoT devices
Trind Ventures participated in a €920k pre-seed funding round for the Helsinki-based used car logistics startup Bahn Express
Startup Wise Guys participated in a $228K investment in Cloudtainer to enhance cargo security with blockchain smart locks
Coinvest Capital led a €167 thousand bridge round for Strato Create, a Lithuania-based developer of an automated home design and sales platform
Change Ventures Fund III now holds a 7.47% stake in Engycell, a Latvia-based personalised energy storage solution provider
Trind Ventures led an undisclosed round in SparkReceipt, a Tampere-based pre-accounting software provider
Startup Wise Guys portfolio company Adact was acquired by Israeli company Optimove
💝 Tesonet has launched the Tesonet Foundation to combine philanthropy with tech-driven solutions for education and innovation
🎟️ Event Participation
On March 13, Thorgate Group chairman Raido Pikkar will speak at a Startup Estonia webinar about the essential steps in launching a startup
Marija Rucevska, General Partner of Outlast Fund, will participate in an online discussion on March 18, 2025, about startups and venture capital in the Baltic States
On March 18, 2025, Ben Leblois, Founding Member of BADideas.fund, will participate in a discussion moderated by Girts Graudins at the Mini Spotlight Webinar on Startups and Venture Capital in the Baltics
Martin Koppel, a clean tech investor at 2C Ventures, will attend the CEE VC Summit in Warsaw on March 25-26
Linda Võeras, an Early Stage Deep Tech Investor at Karma Ventures, will participate in the Europe-wide Female Founder Office Hours on April 3, 2025
LongeVC will be a Tier 1 sponsor at the 12th Aging Research & Drug Discovery Meeting on August 25-29, 2025, at the University of Copenhagen
💡 Other News
NGL's founder Justinas Pasys announced the last day to apply for their 200k-500k EUR syndicate on March 4
Baltic Sandbox Ventures in Vilnius, Lithuania, ranked 12th in the Financial Times' list of leading incubator accelerator programs in Europe
Yolo Investments has partnered with Already Media, Blask, and BC.Game to support the iGaming education platform 15M
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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