NEW MEMBER: Verge HealthTech Fund joins EstVCA

We are excited to announce that Verge HealthTech Fund, a venture capital fund focused on investing in impactful health technologies, joins EstVCA as the main member.

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BaltCap-backed Adoro acquires Latvian elderly care operator and expands its reach in Latvia’s care sector

BaltCap, the leading private equity fund manager in the Baltics, through its portfolio company Adoro, signed an agreement to acquire a 100% stake in Senior Baltic SIA, which operates the Latvian elderly care facility Dzintara Melodija. The add-on investment is part of Adoro’s strategy to build a leading social and healthcare chain that provides high-quality care services in Latvia.

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Change Ventures launches €20M Fund III to double down on pre-seed investing in the “next startup nations”

In 2017 Change Ventures started investing in the Baltic states, establishing the first truly pan-Baltic seed/pre-seed fund. Since then they have backed over 33 startups, which keeps demonstrating an ability to generate outsize startup success stories relative to population and size of the regional economy.

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Siena Secondary Fund acquired a stake in Polish scaleup Booksy

Siena Secondary Fund, an investment fund founded in early 2021, which focuses on secondary market transactions in high-growth late-stage startups by providing liquidity to early investors, (ex-)employees and founders, made its first deal in Poland, acquiring a stake in Booksy - world's leading beauty services marketplace powered by a category-specific mobile SaaS platform for beauty providers.

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NEW REPORT: Baltic Private Equity and Venture Capital Market Overview 2022

We are proud to present the freshly launched Baltic Private Equity and Venture Capital Market Overview 2022, which has been prepared by the KPMG Baltics Deals team and the Baltic VCAs and presents the 4th edition of the report. Fundraising, investments, divestments, key target industries and much more.

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EstVCA delegation accompanies Prime Minister Kaja Kallas in Denmark

This week a delegation of EstVCA members and start-up ecosystem builders had the chance to accompany the Estonian Prime Minister Kaja Kallas in Copenhagen. The aim of the visit was to share experiences and find further synergies in Danish-Estonian start-up and investment communities and build bridges for even further cooperation on LP-GP and GP-start-ups levels.

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BaltCap to acquire a majority stake in Hansab, the leading Baltic automation services provider

BaltCap, the largest private equity manager in the Baltics, has agreed to acquire a 70% share in the leading Baltic automation services provider Hansab Group.

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Livonia Partners invests in Bagfactory, a sustainability innovator in the retail sector

Livonia Partners invests in fast-growing Bagfactory, a manufacturer of non-woven and paper bags to customers across Europe. The transaction is pending Competition Council approval, and is anticipated to conclude by the beginning of this summer.

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Nordic Secondary Fund II has acquired an additional stake in Kilo.Health

Nordic Secondary Fund II has acquired an additional stake in Kilo.Health, which is the largest secondary deal of the fund so far - €9M of which €4M was invested in June last year and now another €5M was added to the investment.

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EstVCA welcomes Icebreaker.vc as a new member

Since 2017 the fund has invested in over 100 (and counting) amazing teams from Finland, Estonia and Sweden.

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BaltCap makes a recommended cash offer to acquire AIM listed Xpediator Plc

BaltCap, the largest private equity fund manager in the Baltics, with co-investors made an offer to acquire Xpediator, a fast-growing international freight management company currently listed on the AIM Market of the London Stock Exchange.

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