Baltic VC Pulse | January 16 - January 23, 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
Contrarian Ventures' portfolio company BeZero Carbon secured $32 million in Series C funding led by GenZero, with participation from Japan Airlines and others
Contrarian Ventures participated in the Swiss sustainable aviation fuel (SAF) technology developer Metafuels' oversubscribed $9 million funding round
Nexos.ai, an AI orchestration startup from Nord Security's founders (part of Tesonet), has emerged from stealth and secured $8 million from Index Ventures, Creandum, and tech leaders to streamline enterprise AI deployment
SmartCap, an Estonian state-owned venture capital firm, invested £5 million in Elcogen PLC, a subsidiary of HydrogenOne Capital Growth PLC
Verge HealthTech Fund led a €4.4 million pre-Series A funding round for Prosoma, focusing on oncology care
LongeVC's portfolio company Melio, led by Mridu Sinha, received a $3.5M grant to develop a platform for rapid identification of bloodstream infections, starting with neonatal sepsis
SmartCap participated in a €2.6 million investment round for Estonian startup Fusebox to support its European expansion
Startup Wise Guys invested in Ukrainian company LetsData as part of a $1.6M pre-seed round
Yolo Investments has invested an undisclosed amount in crypto-price based games developer Bitblox, reflecting their confidence in the company's potential
Sunly's venture capital fund, with a balance of about 30 million euros, is closing due to a lack of new green technology startups, according to Erki Ani, the fund's head and shareholder:
🎫 Event Participation
Superangel is collaborating with Antti Perli from Ellex Legal to host a term sheet event for founders on Day 0 of sTARTUp Day in Tartu, which is happening on January 29-31
Startup Wise Guys will participate in the Startup Day Festival in Tartu, Estonia on January 29-31
Baltic Sandbox is hosting a free online seminar on startup legal basics with Triniti Jurex on January 30
Coinvest Capital will attend TechChill in Riga on February 5-7 with team members Matas Ramanauskas, Austėja Lazaravičiūtė, Emilija Kuleša, and Matas Petronis
Linda Võeras, an early-stage deep tech investor at Karma Ventures, will speak at TechChill on February 6th
FIRSTPICK is collaborating with ROCKIT Vilnius to offer an 8-week hybrid pre-accelerator program for MVP-stage startups in central and western Lithuania, with applications open until February 28th
LongeVC's co-founders Sergey Jakimov and Ilya Suharenko will participate in the Unicorn Summit in Lisbon, Portugal from June 29 to July 2, 2025
💡 Other Notable News
Superangel Partner, Marko Oolo, officially launched Portfellow, a portfolio management software already used by over 400 investors to manage more than €100 million in assets
Superangel's publication Off The Record Jutud won the 'Investment Deed of the Year' award at the Investor Toomas retail investor conference
Jahid Sakhi, Investor at Fiedler Capital, has left the company
Pawel Czarnecki has joined Yolo Investments as CFO in the United Kingdom, previously serving as Private Client Director at Ocorian
Beamline Accelerator unveiled a new logo and brand identity focused on environmental issues and climate change
Coinvest Capital's portfolio company MELP was selected for the PwC Scale CEE Startup Program, which includes 9 startups from 10 CEE countries
Tenity Nordics and Copenhagen Fintech hosted Selection Days for the New Nordic Challengers accelerator, welcoming 16 fintechs from the Nordics and Baltics in Copenhagen
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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