Countries. Estonia - page 17

Estonian data quality management startup LiTech receives €500k 

The Tallinn-based LiTech that develops a data quality management platform to automate data validation has received €500,000 in a seed round to enter new markets and further develop the product. The round was led by angel investors.  “We are happy

Estonian sTARTUp Pitching 2023 announces the winners

sTARTUp Day 2023 has announced this year’s winners. EstBAN awarded a syndicate of €200,000 to Paul-Tech, Baltic Sandbox Ventures gave out a €125,000 investment to Gearbox Biosciences, and .Cocoon Ventures a €100,000 syndicate investment to MX Labs.

Estonian climate tech startup Roofit.Solar raises €6.45M

The Tallinn-based startup Roofit.Solar which designs and produces solar roofs that blend Nordic design with solar technology has raised €6.45 million round co-led by BayWa r.e. Energy Ventures and EdgeCap Partners. The company plans to use the funds to increase

Estonian cleantech startup Bioreactor closes a pre-seed round

The Tallinn-based startup Bioreactor which develops technology to turn biomass and waste into heat and electricity announced the closing of its pre-seed funding round from Hiidenkivi Investment Oy and Grid.vc. The amount of investment is not disclosed.  “The 45 kW

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.