Baltic VC Pulse | September 4 - 11, 2024
Baltic VC Pulse | September 4 - 11, 2024
This week, using the RivalSense tool, we generated insights on over 40 Baltic venture capital firms. 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
Metaplanet has invested in H3X Technologies, the leading high power density electric motors manufacturer, in an oversubscribed $20M Series A
Fairown, a Tallinn-based subscription service provider for various business ventures, which Spring Capital and Sten Tamkivi previously backed, has raised a seed extension round worth €5.7M
Startup Wise Guys participated in the Ukrainian PLATMA's $2M pre-seed funding round for an AI-powered no-code platform
Verge HealthTech Fund led a €1.65 million seed funding round for Hello Inside, a startup focused on women's metabolic health using CGM technology
AgroSync, a Lithuanian agricultural solution developed to empower farmers with data-driven insights, has secured a €140,000 investment from Fiedler Capital
Tesonet announced a tripled investment in the Lithuanian biotech startup MISHKAY to enhance research labs, increase medicinal mushroom production, and develop B2B product lines
Startup Wise Guys and Spring Capital exited their investment in Estonian AI-powered HR platform Wisnio following its acquisition by Assessio Group
FIRSTPICK and Change Ventures released the Baltic Startup Funding Report, detailing 1024 funding rounds from H1 2019 to H1 2024:
🎟️ Event Participation
Practica Capital is hosting a Block Party on September 13th to celebrate with the Lithuanian startup ecosystem and partners like COBALT Legal, Google, Vilnius TechFusion, and Unicorns Lithuania
Baltic Sandbox will host an event on September 14-15 at the Lighthouse Hub in Klaipėda to guide participants through the startup creation process
Contrarian Ventures is co-hosting The Drop x The Climate Brick event on September 17th with EQT Ventures, DCVC, and Morgan Stanley to discuss scaling climate tech companies from pre-seed to growth.
Martin Koppel, CleanTech Investor at 2C Ventures, will attend The Drop conference in Malmö on September 17th to meet clean tech startups and impact fund investors
Arthen Sirola-Hashemi, a Software DeepTech investor at Karma Ventures, will attend The Drop in Malmö on September 17th and NORDEEP Summit in Espoo on September 18-19
Viktorija Trimbel, Managing Director at Coinvest Capital, will speak at the Nordeep Deep Tech Business Summit in Espoo on September 18-19
Startup Wise Guys will host their biggest Demo Day on September 19 at Beaz Bizkaia in Bilbao, featuring 16 startups from SaaS, Sustainability, ShelterTech, and Cybersecurity verticals
Tenity will present its third annual Climate Fintech Report on September 26
Rain Tamm, General Partner at Siena Secondary Fund, will speak about liquidity in private markets at the Engaged Investments Conference in Prague on October 23-24, 2024
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💡 Other Notable News
byFounders have open-sourced their Impact-awareness playbook to integrate ESG and Impact principles into their investment process and operations
Axiology, supported by Coinvest Capital, won the Sprint Start Startup Award at the 24 Fintech Forge competition in Riyadh
Startup Wise Guys was recognized as one of the notable fintech innovation labs by Global Finance Magazine
Yolo Investments is hiring a Portfolio Manager in London to oversee Fintech assets and lead new investment opportunities
Vaiva Žukauskaitė has joined Contrarian Ventures as an Investment Analyst in Lithuania
Sten Õitspuu has joined Karma Ventures as Head of Marketing
Roberta Prelgauskienė has left Tesonet as a Mentor at the TesoXchange Mentorship Program in Lithuania to join Hostinger in a role focused on Helping Find Top Talents
Andrei Doktoroff, Founder & CEO of theIntelligent VC, is collaborating with fitness coach Vitaly Iakovliuk to develop a subscription-based service integrating data from platforms like Oura, Garmin, and MyFitnessPal
Coinvest Capital is partnering with LitBAN and Baltic Sandbox Ventures to offer investments to startups selected from the Startup Fair Pitch Battle participants
Jens Kristian Damsgaard, Partner at Open Circle Capital, emphasized the need for more early-stage working capital in the defense sector at the LP Forum pre-TechBBQ
Outlast Fund, a new €21M pre-seed and seed venture capital fund has been established in Riga, Latvia:
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All the best,
RivalSense Team
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