NEW MEMBER: Plural joins EstVCA

We are very excited to announce that the largest VC investor in the region – Plural - joins EstVCA. Plural is an early-stage venture capital fund that backs the most ambitious founders on a mission to change the world through technology.

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EXIT: BPM Mezzanine Fund exited its investment in the leading shoreside and port services provider for the cruise industry in Tallinn (“DenEesti”)

BPM Mezzanine Fund SICAV-SIF, SCA (BPM) supported the CEO of DenEesti in acquiring the company back in March 2018. The exit, which took place through refinancing from a local bank, marks a logical step in the development of the company.

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Tera Ventures co-leads the €6M investment round to Miros

Miros, the leading visual AI e-commerce search solution, has raised a €6 million pre-Series A investment led by EBRD Venture Capital and Tera Ventures. Former Estonian President Toomas Hendrik Ilves also participated in the round as an Angel Investor. Miros will use the funding to enhance R&D, further develop the technology, and expand market reach. To date the company has raised €8M.

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2C Ventures leads the €1 million investment round of TheStorage

Tampere, Finland based climate tech startup TheStorage has secured €1 million in funding from 2C Ventures and Superhero Capital to address one of the largest challenges in green transition – decarbonizing industrial heat.

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Tera Ventures leads investment into Estonian fintech Mifundo as part of 10 million euro award

A combination of their previously unannounced €1.2m pre-seed round led by Tera Ventures, Mifundo has also been awarded €2.5M grant funding, alongside a decision for €6,3M in matched funding approved (subject to matched private funding) by the prestigious European Innovation Council (EIC) Accelerator program from the European Investment Bank (EIB), making it the first fintech company in Europe to receive such an award.

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2C Ventures leads Äio’s €6.1 million investment round with participation from SmartCap Green Fund

The biotechnology startup ÄIO has raised €6.1 million through venture capital funds Voima Ventures, 2C Ventures, SmartCap and Nordic Foodtech VC

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SEB Pension Funds Become A Key Investor In Superangel

The addition of SEB’s pension funds will boost the investment capacity of Superangel’ssecond fund to nearly 40 million euros, which will be channelled into innovative tech companies in Estonia, the Baltic States and the Nordic countries.

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Trind VC portfolio company Your.Rentals raises €1.7m to expand market reach

Your.Rentals, a leading all-in-one short-term rental management platform raises €1.7m from existing shareholders to expand its market reach.

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SmartCap Green Fund participates in the €2.3M investment round of portfolio company UP Catalyst

UP Catalyst, a producer of battery material production directly from CO2emissions, has closed a €2.36M seed extension round. This follows the initial seed round raised last December which amounted to €4 million, bringing the total seed funding to €6.36 million.

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NEW MEMBER: Cleantech-focused accelerator and fund Beamline joins EstVCA

We are super excited to announce that Beamline is joining EstVCA membership. Beamline is a forward-thinking cleantech-focused accelerator and fund based in Estonia and operating internationally. They have portfolio startups from 17 countries, from Europe and beyond.

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BPM Mezzanine Fund exited its investment in Estonian telecommunication network contractor Corle

BPM Mezzanine Fund (BPM), a leading mezzanine financing provider in the Baltic countries, announced on 16th August its exit from Corle OÜ, a contractor for electricity and telecommunication networks. The exit marks the end of a six and half year partnership that focused on providing high quality network construction services.

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