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Estonian greentech startup Timbeter raises €500K

The Tallinn-based greentech startup Timbeter has raised a €500,000 funding to make forestry more sustainable. Future Investment Initiative Institute led the round, EU-Startups reports. Founded in 2013 by Anna-Greta Tsahkna, Martin Kambla, and Vallo Visnapuu, Timbeter specializes in timber measurement

Finnish climate tech startup Caidio raises $1.5M

The Espoo-based climate tech startup Caidio has raised $1.5 million in a seed round. Many investors, including ADB Ventures and MiraclePlus participated in the round, ArcticStartup informs. Caidio was founded in 2018 by Aku Wilenius, Juho Pättö, Pasi Karppinen, and

EU to allocate €20M to support Ukrainian startups

The initiative will support at least 200 Ukrainian technology startups with up to €60,000 each, the European Commission reports. The EU will also offer non-financial support, such as business advisory services and partner search. The European Commission says that this will

Yandex.Maps removes borders between countries

Users of the Russian mapping service Yandex Maps noticed that the borders between all countries on the maps have disappeared. The service said that the company decided to focus on “physical-geographical“ sites instead of political ones, Durov Code reports. At

War in Ukraine / June 8

The Molfar team sends a daily newsletter about the war in Ukraine. The editorial staff of AIN.Capital publishes the full version of the digest. You can subscribe to the newsletter here. Russia will unite the occupied territories into a separate federal district Right

Helsinki-based Aeromon raises €4.8M for its emission monitoring service

The Helsinki-based emission monitoring service Aeromon has raised €4.8 million in funding for scaling its operations. The funding includes a capital loan from the Finnish Climate Fund and an investment from Vopak Ventures, Tech.eu reports. Founded in 2014, Aeromon is

Top Baltic tech events to attend in summer 2022

The Baltic IT scene is growing rapidly. The Baltic tech events are perfect for gaining access to the newest trends and ideas that can be helpful for any business in the future. These events can help to grow professionally and

WePlay Esports invests in OTK media company

WePlay Esports has invested in OTK (One True King) media company and influencer network. Per the agreement, WePlay Esports becomes OTK’s strategic partner. The companies have not disclosed the financial details of the deal. Founded in 2020, OTK is known for organizing

ICLUB Global launches online platform for investing in startups from $10K

Private investor club ICLUB Global launches the ICLUB Online platform, allowing anyone to invest in startups together with Ukrainian fund TA Ventures and other club members. Access to the platform is free. The participant pays only two commissions on each

War in Ukraine / June 7

The Molfar team sends a daily newsletter about the war in Ukraine. The editorial staff of AIN.Capital publishes the full version of the digest. You can subscribe to the newsletter here. The difficult process of postwar reconstruction The war is still going on,