Countries. Estonia

Estonian Trind Ventres invests in SACLÀB, an online marketplace for designer bags

Estonian Trind Ventures announced its participation in a €1.6 seed round for German SACLÀB, the online marketplace for luxury designer bags. The company says it seeks to tenfold it’s turnover with fresh funds. “We are planning our soft launch in the

Estonian-founded Planet42 raises $100M to fuel global expansion

Estonian-founded car subscription service Planet42 has raised $100 million in combined equity and debt funding. The startup operates in the South African and Mexican markets and will use the fresh funding to facilitate its global expansion. “I’m thrilled to support

Startup Wise Guys raises €25M to invest in diversified funds

Tallinn-based accelerator Startup Wise Guys has raised €25 million as partial closing for a €45 million target fund to support B2B SaaS startups from regions such as CEE, Italy, Spain, and Africa. The firm plans to support a total of

EDGE acquires a majority stake in Estonian defense firm Milrem Robotics

EDGE, a defense conglomerate based in the UAE, has acquired a majority stake in Estonia’s robotics and autonomous systems developer and systems integrator Milrem Robotics. The amount of the deal is not disclosed, but it will allow both companies to

Baltic startup funding report: the number of rounds dropped by 30% from 1H to 2H 2022 

During the last few years, Baltic countries are almost at parity with Europe’s best both in terms of startups and unicorns per capita. But after a dramatic rise in capital raised by Baltic startups fell back significantly in 2H 2022.

Estonian fintech Coinmetro acquires Ignium, deal’s value — €4M

Tallinn-based fintech startup Coinmetro has announced the acquisition of Ignium, a blockchain-based fundraising platform for SMEs. The deal, valued at €4 million, will enable Coinmetro to develop an active market for equity trading, ArcticStartup reports. “Ignium has a long-standing relationship

Estonian e-bike maker Ampler joins Kõu Mobility Group 

Two Estonian-based companies Ampler and Kõu Mobility Group announced that they will join forces, to strengthen their position in the micromobility industry and to continue making emotive zero-emission commuting accessible for everyone. Kõu Mobility Group, becomes the majority shareholder, holding

Estonian unicorn Veriff lays off 12% of its employees

Tallinn-based identity verification company Veriff is laying off 12%, or 66 people, of its employees across teams around the world. As a result of the layoff, the company will retain just over 500 employees. This is happening only a year

Estonian biotech ÄIO raises €1M to make alternative oils and fats

Tallinn-based biotech startup ÄIO has raised €1 million in fresh funding to develop and produce alternative oils and fats for the food industry. Nordic Foodtech VC, EAS, and several other partners provided the funding, The Spoon reports.