Baltic VC Pulse | January 9 - January 16, 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
NordicNinja led a $30 million funding round for SEEQC to advance its quantum computing platform
Plural co-led a $28 million Series A funding round for Robeauté, a startup developing microrobots for brain surgery
Yolo Investments participated in the $16 million Series A funding round for Dfns, which offers a wallets-as-a-service (WaaS) platform that enables businesses to manage digital assets while ensuring high levels of security efficiently
Latvian nano-coating company Naco Technologies has secured €2.5M in pre-Series A funding, led by the Polish Radix Ventures, to advance its innovative hydrogen production solutions and prepare for large-scale manufacturing
Siena Secondary Fund has launched Fund II with its first investment in Katana, an Estonian B2B SaaS startup recognized for its innovative cloud inventory platform
Yolo Investments has invested in San Francisco-based Mesh, a crypto platform streamlining asset management and transactions through its secure API
In 2024, Lemonade Stand made seven new investments across energy, defense, compliance, and AI automation, nine follow-on investments, saw four bankruptcies, and achieved its first returns from diversified fund investments
The European Investment Fund has invested €20 million in SG Capital’s Baltic Private Credit Fund to expand financing opportunities for small and medium-sized enterprises in the Baltics, with a focus on supporting sustainable projects and innovation:
👨💼 Employee Changes & Vacancies
Matias Kaila has joined SmartCap as a Member of The Supervisory Board in Finland, previously serving as Director, Fund Investments at Tesi (Finnish Industry Investment)
Silvija Kisieliute has joined FIRSTPICK as Compliance and Finance Manager in Lithuania, previously serving as Junior Risk Officer at Pervesk
Dmitrijus Fofonovas has joined NGL as a Member in Lithuania
Anna Stojanovic has joined Plural as Communications Manager in the United Kingdom, previously serving as Senior Consultant at Milltown Partners
Jean Claude Magri has been appointed the new CFO of the Yolo Investments parent company, Yolo Group
Jun Ho Bae has left Tenity as Investment Director - APAC in Singapore to join Altara Ventures as an Investor
💡 Other Notable News
theIntelligent VC is hosting a beginner-friendly session on mastering ChatGPT Plus led by Maksims Sics, CEO of FlowByte AI, on January 16 in Riga
Beamline Accelerator is launching the Emerge Estonia project in collaboration with Tenity at the 'Build on Estonia' Founders Fiesta event on January 29
NordicNinja is promoting an accelerator program by Kiraboshi Bank for Nordic and Baltic startups to enter the Japanese market
BADideas.fund is co-hosting a networking event with Vendep Capital and Superhero Capital after TechChill Day 1
Verge HealthTech Fund is listed among the venture investors participating in SOSV's Women's Health VC-Founder Matchup virtual event from February 3-7
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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