Countries. Estonia - page 13

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.

Estonian nanotech UP Catalyst secures €1.5M to address key challenges in carbon manufacturing

Tallinn-based nanotech company UP Catalyst has secured €1.5 million to advance production of carbon materials for batteries. EAS-Enterprise Estonia provided the funding for the 2-year project. “As raw material suppliers, we are responsible together with battery producers to make batteries

BaltCap acquires Xpediator, a freight management company

Private equity fund manager BaltCap, with co-investors, has acquired Xpediator, an international company that provides freight-forwarding, logistics, and transport support solutions. The deal aims to accelerate the development of the company’s offers in CEE and the UK.

Estonian Piletilevi Group acquires 80% of GoOut.net, Czech ticket marketplace

Tallinn-based ticket sales company, Piletilevi Group, has acquired a majority stake in GoOut.net, the largest ticket sales platform in the Czech Republic. The amount of the deal has not disclosed.

Lithuanian logtech GoRamp raises €3M to expand in Europe and the US

The Vilnius-based logistics startup GoRamp has raised a €3 million in a late seed round to accelerate growth in European markets and strengthen its position in the US. The round was led by Hungarian Lead Ventures.

Estonian energy storage startup Skeleton Technologies raises an additional funding 

Tallinn-based ultracapacitor manufacturer Skeleton Technologies has raised an undisclosed amount of funding from existing investor Marubeni Corporation. The company will use it to build a production factory, SuperBattery, Invest in Estonia informs.

Estonian VC Superangel invests in Coalescent Mobile Robotics

Danish Coalescent Mobile Robotics, a provider of autonomous mobile robots for the retail industry, has raised an undisclosed amount of seed funding round. The investment was co-led by SuperAngel and EIFO. “We are very excited to be making our first