Countries. Estonia - page 15

Estonian greentech Sunly secures €30M of fresh capital from EBRD

Tallinn-based greentech startup Sunly has secured €30 million of funding from the European Bank for Research and Development. The funds will help to speed up green energy transformation in Estonian and beyond, Invest in Estonia reports. “We are thrilled to

Startup of the Day: Spacedrip, Estonian inventor of wastewater treatment robots

Founded in 2019 by Joonatan Oras, Rainer Nõlvak, and Hannes Tamjärv, Spacedrip develops water reuse robots that enable tackling water scarcity by reusing wastewater locally. The company claims that its systems enable reusing up to 95% of wastewater with 50%

Polish-founded blockchain startup RedStone secures $350k from business angels

Blockchain startup RedStone has secured $350,000 of financing aimed at further product improvements from multiple business angels. “In the coming months, we will focus on the continuation and intensification of foreign expansion, acquisition of new customers, as well as product

RoyaltyRange raises over €4M in a joint investment led by Presto Ventures

London-based RoyaltyRange, a business information provider, has raised more than €4 million in joint investment from Prague-based VC fund Presto Ventures, Estonian Trind Ventres, Latvian ZGI Capital, and angel investors. The funding will be used to further grow and deepen

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