Countries. Estonia

Finnish re-commerce shop Mjuk receives €2.5M from Trind Ventures

Estonian Trind Ventures led the €2.5 million round for Mjuk, Helsinki-based marketplace for buying and reselling used furniture. The round saw participation from Alliance VC, Superhero Capital, Lifeline Ventures, and aims to accelerate Mjuk’s growth. About Mjuk The list of investors “The

Estonian space tech KappaZeta receives €480k of additional funding

Tartu-based space technology startup KappaZeta has received €480,000 in funding from a group of investors. KappaZeta aims to create a global and frequently updated dataset regarding forest biomass and carbon stock.

Estonian VOOL raises €2.9M to scale its EV charging serial production

EV charging startup VOOL has raised €2.9 million, of which €1.3 million is an additional seed investment funding and €1.6 million is a grant. The investment was led by Specialist VC with participation from angel investors, including the former President of Estonia

Veriff plans another layoff. This time, Estonian unicorn will fire 55 people

Tallinn-based identity verification company Veriff filed a collective redundancy notice with the Unemployment Insurance Fund on 22 August, citing the difficult global market situation. The company is laying off another 55 people, mainly from its Tallinn team. “Veriff’s fixed cost

Siena Secondary Fund buys a stake in Ōura Ring

Tallinn-based venture capital Siena Secondary Fund has bought a secondary stake in Ōura Ring, a Finland-based healthtech scaleup renowned for its smart ring technology. This acquisition brings new opportunities for the scaleup’s growth, ArcticStartup reports. “We are thrilled to be part

Dutch-Estonian fintech Change is acquired by Andromeda Capital

Change, a fintech company founded by the Dutch and Estonian entrepreneurs, has been acquired by Andromeda Capital, a Swiss private equity firm. The majority stake acquisition will support the company’s global expansion plans, Tech.eu reports.

Startup of the Day: Indonesian fintech Finfra, founded by two Baltic natives

Indonesia-based Finfra, the one-stop shop for companies, was founded in 2022 as a consumer lending company. The startup enables under banked businesses and non-financial digital platforms to embed financial products and services, particularly credit lending, into their distribution channels. In 2021,

Startup of the Day: Formaloo, Estonian no-code collaboration platform

Tallinn-based Formaloo offers a no-code platform that enables business teams to build custom business applications, internal tools, and customer engagement tools. Founded in 2020 Formaloo aims to democratize software development and claims that its platform helps to save 19 hours

Estonian cleantech CupLOOP secures €2M 

Tallinn-based CupLOOP, has secured a €2 million investment co-led by SmartCap Green Fund, EstBAN, and Footprint Firm. The investment will enable the startup to develop reusable packaging across various sectors.