Countries. Estonia

Estonian logistics company Omniva acquires Parcelsea, smart parcel box startup 

Omniva has acquired Parcelsea, the Tallinn-based parcel vending machine company. With the transaction, Omniva will acquire Parcelsea’s network of 700 smart parcel boxes and plans to expand it to all Baltic countries. “The good news is that by using the

Estonian Plural Platform co-leads €7M round for Proxima Fusion

Estonian VC firm Plural Platform has co-led a €7 million pre-seed funding round for Proxima Fusion, a German startup designing fusion power plants. UVC Partners is another co-investor, joined by High-Tech Gründerfonds and the Wilbe Group, Silicon Canals reports. “Stellarators offer

Estonian TextMagic acquires a website-building platform Voog in a €1.1M deal

The Tallinn-based SMS company TextMagic has announced the acquisition of Voog, the website-building and e-commerce platform. The amount of the deal was €1.1 million. It will allow TextMagic to build, buy, and manage a diverse B2B SaaS products portfolio. “The

Latitude59 announces the winners of Pitch Competition 2023 with €1.25M prize fund

Estonian fund Tera Ventures and Estonian syndicate of business angels EstBAN have selected the winners of Latitude59 Pitch Competition 2023 — Flowstep was awarded with €600,000, Cino with €500,000, and ÄIO Tech got €150,000.

Change Ventures secures €20M for its new pre-seed Fund III

Estonia-based venture capital firm Change Ventures has secured €20 million to launch its third fund investing in the Baltic states. Fund III will focus on pre-seed investments in founder-driven companies from Estonia, Latvia, and Lithuania. Change Ventures Fund III

Siena Secondary Fund acquires a stake in Polish Booksy

Estonian Siena Secondary Fund has acquired a stake in Booksy, a Polish beauty services marketplace powered by a category-specific mobile SaaS platform for beauty providers. The amount of the deal is undisclosed. “We are thrilled to have our 1st investment in Poland

Record €298M raised by Baltic PE/VC funds — 2022 market overview

Despite being a relatively young market, the Baltic PE/VC industry has shown substantialgrowth. In 2022, capital raised by Baltic funds reached €298 million, a year-over-year increase in capital raised is over 130%. Baltic funds completed over 220 transactions, investing a

Estonian-founded insurtech Value.Space raises €2.1M in a seed round 

The London-based startup Value.Space that conducts assessments for commercial properties and infrastructure globally using satellites has raised €2.1 million to accelerate its growth. Specialist VC, Superangel, Lemonade Stand, Inventure, BADideas.fund, and angels participated in the round, according to Tech.eu. “Solid

Startup of the Day: Planet42, Estonian-founded car subscription service provider

Founded in 2017, Planet42 is a mobility startup that offers rent-to-buy car subscriptions. Its model is based on utilizing a proprietary scoring engine and a network of car dealership partners to assess each customer’s risk level.