Trind VC raises new €55M fund to invest in startups with a consumer or community component in Europe

Trind VC, member of EstVCA, announced the closing of their €55M second fund. They aim to invest in 30–40 startups with proven traction in four years. The fund is backed by institutional investors such as European Investment Fund, Tesi (Finnish Industry Investment), LHV Pension Funds, and Swedbank Investment Funds.

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Tera Ventures participates in a $3.8 million seed round investment to circular economy platform Rentle

EstVCA's member Tera Ventures and other leading financial services investors invested in a Finnish circular economy startup, Rentle. Rentle gathered 3.8 million dollars with their seed round which would fund product development to meet the demands of existing and new merchants.

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Tera Ventures´ portfolio company Monese raises a $35m investment

Monese, a Tera Ventures' portfolio company, is a fintech that offers digital banking and remittance services to consumers and businesses across Europe, has raised $35 million from global banking giant HSBC.

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Karma Ventures participates in the €11.6M investment round to Jobbatical

Jobbatical, a software company on a mission of automating international worker migration and relocation, has raised an €11.6 million funding round, led by Nordic VC Inventure. Our member Karma VC with other VCs and angel investors, like Kristel Kruustük, Indrek Prants and Andres Kull participated in the round.

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BaltCap to acquire Alma Littera Group, the leading publishing house & omnichannel book retailer in the Baltics

BaltCap Private Equity Fund III (BPEF III) signed an agreement to acquire Alma Littera publishing house, Pegasas bookstores, and related group companies to further back the growth of the largest publishing house & omnichannel book retailer in the Baltics. The current management team will continue with the company. The transaction is subject to competition clearance.

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Livonia Partners closes second buy-out fund above target at €157 million

Livonia Partners has raised €157 million for its second fund, cementing its position as a leading private equity investor in the Baltic region.

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SmartCap announced a Call to invest € 20 million in two greentech funds

SmartCap announced on September 6th a Call for Expressions of Interest (Call) to find up to two private fund managers, who would establish green technology investment funds to which SmartCap Green Fund will make a cornerstone investment of 20 million euros each.

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Ready Player Me raised $56 million in a B-round led by Andreessen Horowitz

Trind Ventures portfolio company Ready Player Me received a B-round investment of 56 million dollars to become the leading avatar system in the metaverse. The investment round was led by one of the world’s best-known venture capital firms, Andreessen Horowitz.

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Livonia Partners invests in wellness platform Stebby

Stebby, the largest wellness service marketplace in the Baltics, is being acquired by Livonia Partners in a management buyout transaction.

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Change Ventures leads the €1.9M seed round of Estonian recruitment software provider RecruitLab

The round saw participation from StartupIst VC, FFF.vc and the BADideas.fund. To date, the startup reached a total of €2.2M in funding. The company was founded by three entrepreneurs with over a decade of HR market experience — Paavo Heil (CEO), Karl-Sander Erss (CTO) and Marie Evart (CMO).

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EstVCA 2021 in numbers

2021 was another record-breaking year for the investing members of the Estonian Private Equity and Venture Capital Association (EstVCA). In 2021 EstVCA member AUM has reached €2,88bn. In total €290m was invested in 148 companies, €155m of that invested by PE/VC funds. There is a total of 484 active portfolio companies with a number of employees reaching 20 600 people. In 2021, nineteen divestments were made by our members, fourteen of which by professional funds. The dry powder of EstVCA members as of 31.12.21 was €624m.

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