Baltic VC Pulse | November 28 - December 5, 2024
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
Startup Wise Guys continued their support for Restworld by participating in a €1 million seed funding round
Startup Wise Guys invested in Lizcore's €600,000 pre-seed funding round
theIntelligent VC, led by Founder & CEO Andrei Doktoroff, acquired Sellz, an app for setting up online stores within Telegram, and plans to enhance it and pursue a fundraising round
Nordic Secondary Fund's Fund II has made a follow-on investment in Helsinki-based accommodation company Bob W
Lithuanian Tech Zity Vilnius has raised €37M, including a €28M loan from Tallinn-based Bigbank, €6.1M from 49 private investors, and €3M from the EfTEN Special Opportunities Fund:
🎫 Event Participation
FIRSTPICK is accepting applications for its accelerator program starting in January, with an application deadline of December 9th
Baltic Sandbox is hosting a Demo Day on December 9th in Kaunas
Coinvest Capital will participate in the ESA Investor Forum 2024 on December 9-10 in Frankfurt
Kimmo Irpola from Trind Ventures will attend BSV Ventures' VIP Session and FIRSTPICK Day in Vilnius, and Reima Linnanvirta will attend Tech Spirit Barcelona by Tech Barcelona in Barcelona on December 11-12
On December 12, 2024, Outlast Fund representatives will discuss their 2025 investment strategies at a meetup in Riga
BADideas.fund is hosting a Christmas Gathering on December 17, 2024, at Startup House Riga
Outlast Fund, a venture capital firm led by ex-founders and operators Egita Polanska, Marija Rucevska, Kristaps Prusis, and Mikaela Pedersen, has now officially launched to back startups across the Baltics and Nordics:
💡 Other Notable News
Taavet+Sten, the venture investment company of Wise co-founder Taavet Hinrikus and Teleport founder Sten Tamkivi, will change its name to Skaala
Jana Budkovskaja, CEO of Beamline Accelerator, won the 'Sustainability Ambassador' award at the Baltic Sustainability Awards 2024
Patrikas Feiferas has been promoted from Investment Associate to Principal at Contrarian Ventures
FIRSTPICK is hiring a Compliance & Finance Manager to manage LP relationships and streamline fund operations
MBito, a participant in the FIRSTPICK accelerator, is expanding into the US market after achieving sales in 95% of the world's countries, with a focus on streamlining workflows to manage scaling challenges
LongeVC's portfolio company Longenesis has partnered with Novartis Baltics and Daugavpils Regional Hospital to launch a pilot project for cardiovascular disease treatment and prevention in Latvia
Krishna Amin has joined LongeVC as a Venture Scout
LongeVC partner Sergey Jakimov posed a challenging question on the LEVITY podcast about prioritizing aging solutions over immediate cancer patient needs
Specialist VC's portfolio company Value.Space has partnered with the United Nations Economic Commission for Europe to use satellite-based monitoring for mining safety and standards
Karolis Kybartas has joined Tesonet as Head of Treasury
Ian Hogarth from Plural wrote a cover story in the Financial Times about how Europe can create its first trillion-dollar company
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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