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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WE ARE HIRING: EstVCA is looking for a Managing Director

As the Managing Director, you'll collaborate with an inspiring and diverse 11-member Management Board, consisting of seasoned professionals from the field. This unique role involves acting as the representative of the Estonian Private Equity and Venture Capital industry, driving the progress and growth of the organization. You will execute EstVCA’s mission, ensuring the Estonian PE/VC industry adheres to best practices globally, gains international recognition, and excels in the New Nordic region.

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BaltCap invests in Fitekin and ONEA software platforms

BaltCap Private Equity Fund III acquired Fitekin and ONEA, which are pre-accounting software platforms for invoice management and approval workflow, from Unifiedpost Group. BaltCap is backing the business in further developing the platforms’ AI and machine-learning capabilities, and expanding into new regions to help an increasing number of companies on their path to digital transformation.

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Startup Wise Guys portfolio company Loyi secures €425,000 investment

Loyi, a pioneering brand under Enefty Technologies and a standout portfolio company of Startup Wise Guys from second Web3 acceleration program, has secured a significant €425,000 investment from DG Nexolution. This funding is set to revolutionize customer loyalty programs using Web3 technology and gamification, bringing innovative blockchain-based solutions to Volksbanken and Raiffeisenbanken.

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Startup Wise Guys portfolio company Jeff App has raised $2 million late-seed round

Startup Wise Guys portfolio company, Latvia-based Jeff App, has raised $2 million in late-seed financing round. Led by Presto Ventures, with strong support from J12 and notable business angels, this funding will fuel Jeff App’s ambitious expansion into India and other emerging Asian markets.

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Karma Ventures leads the $20m series B funding round of Pactum AI

Pactum AI, the leader in autonomous negotiations, has raised $20 million in Series B investment to extend its support for procurement teams as they embrace AI agents as their colleagues.

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EfTEN Special Opportunity Fund made its first investment

EfTEN Special Opportunity Fund helped to co-finance ZeroSum Asset Management recent acquisition, Svitrigailos 11B business centre in Vilnius. EfTEN provided 2 million euros bond financing with 50 months duration.

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eAgronom raises €10M Series A2 round to boost sustainable farming practices

eAgronom, the Estonian agriculture-focused climate tech company helping farmers adopt sustainable practices has secured €10 million in its Series A2 equity round. eAgronom is the portfolio company of our members SmartCap, Iron Wolf Capital, Specialist VC, Superangel and Trind Ventures.

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LARGEST REGIONAL LP/GP EVENT: Baltic VCA Summit 2024 | 5-6 September I Lithuania

The Baltic VCA Summit has for over a decade been the largest meeting place of the key Baltic Private Equity and Venture Capital industry players. In September 2024 we'll be meeting in Vilnius for two days to bring together all regional LPs and GPs to discuss key challenges, opportunities and outlook for the upcoming period.

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Change Ventures invests in competitor tracker platform Rivalsense

Riga-based market intelligence platform RivalSense has raised an angel round led by Change Ventures, with Fiedler Capital and local business angels also participating. The amount raised is undisclosed. The funding will be used for user acquisition and product development.

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