Countries. Estonia - page 16

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. Since its launching, the

Estonian-founded platform Funderbeam secures ＄40M round led by VentureWave

London-based funding and trading platform Funderbeam has secured a $40 million investment. The round was led by VentureWave, who also acquired the strategic majority stake in the Estonia-founed company. Co-investors in the round include Mistletoe, Draper Associates, and Kaidi Ruusalepp,

Estonian startup Spacedrip raises €1.5M to build water treatment robots

Estonian startup Spacedrip has raised €1.5 million in fresh funding to develop water treatment robot technology. The tech can purify domestic wastewater back to clean reusable water. Spacedrip will use the funds for product development and expansion into foreign markets,

Estonian startup Elmo raises €2.6M to develop remote EV technology

Tallinn-based startup Elmo has raised €2.6 million in a fresh funding round to develop remotely controlled electric vehicle technology. Highgoal Capital Management, FlyCap, Barolo Invest, and SAGGIS provided the funds. “It is a great recognition to the current work of

Estonian Crespect receives over €830k for its cloud-based legal practice management system

The Tallinn-based Crespect, a spin-off from the Baltic law firm Sorainen, which develops an intelligent cloud-based legal practice management system for law firms, has received over €830,000. The funding consists of two parts — a grant of €227,000 from the

Estonian CM Games rejected the candidate from Ukraine who wrote “RussiaIsATerroristState” in his CV

Estonia is a country that has stood with Ukraine throughout the unprovoked war started by Russia. Many companies, entrepreneurs, and ordinary people provide all the possible help to the Ukrainians, who try to protect their future from Putin’s bloody regime.

Estonian Parcelsea acquires Cleveron’s network of private parcel machines

The Tallinn-based ParcelSea, a parcel vending machine company, has announced its acquisition of Cleveron’s network of private parcel lockers, with the aim of creating a single open standard for smart mailboxes. The amount of the transaction was not disclosed. “We