Change Ventures participates in a $16M Series A round into real estate VR startup Giraffe360

Change Ventures participates in Founders Fund lead $16M Series A round into real estate VR platform Giraffe360.

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BaltCap enters the Latvian social and healthcare sector

BaltCap Private Equity Fund III (BPEF III), through its subsidiary Adoro, has signed an agreement to acquire the assets of Dzives Abece, a social care center in Latvia. With the investment, BaltCap aims to diversify the range of high-quality care services in Latvia for seniors and other client groups, such as post-treatment rehabilitation and dementia patients. Uldis Prieditis, a seasoned management professional, will serve as Adoro’s CEO.

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Livonia Partners exits Hortes

On November 24th, Livonia Partners Fund I sold 100% of its shares in Hortes, Estonia’s most recognizable gardening retail brand.

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Change Ventures leads a $2M seed round of Modash, a startup building infrastructure of the creator economy.

Modash raises $2M in Change Ventures-led seed round to power 1M partnerships per year & build the infrastructure of the creator economy.

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Trind Ventures leads €2 million round of Barcelona-based nightlife technology company Xceed

Trind leads a €2 million investment round in Xceed, one of the fastest-growing tech companies in the live events scene, to grow Xceed’s intelligent event discovery platform.

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Livonia Partners sells window manufacturer Fenestra to Trigon Capital

Livonia Partners, the investment fund founded by Kaido Veske and Rain Lõhmus, sells window manufacturer Fenestra to Trigon Capital.

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NEW! Nordic VC Masterclass Series - Part 1

EstVCA and Startup Estonia are very happy to invite you to the NORDIC VC MASTERCLASS SERIES which takes place from December 2022 to August 2023. Each quarter we bring one experienced Nordic fund manager to Estonia to guide us through the maze of fund formation, development and innovation. The series kicks off on 7 DECEMBER 2022 with Jussi Sainiemi from Voima Ventures guiding us through the maze of building and developing a deep-tech fund.

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EXIT: BaltCap sells Blue Bridge Technologies to Everfield

BaltCap Latvia Venture Capital Fund (BLVCF) sells Blue Bridge Technologies, the leading provider of medical practice management systems in Latvia, to Everfield, a specialized software investor backed by private investment firm Aquiline Capital Partners.

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Trind Ventures and Specialist VC participate in the €2.2 million investment round to Yaga

Impact-driven startup Yaga has just raised €2.2 million for its social e-commerce platform. The Estonian-born startup is on a mission to bring the digital approach to second-hand fashion to emerging markets, making the circular revolution a global movement. EstVCA members Trind Ventures and Specialist VC participate in the round.

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TopTech 2022: Estonia's most valuable technology company is Bolt with a 7.4 billion euro valuation

This year’s TopTech ranking of Estonia's most valuable tech companies was won by Bolt which is valued at 7.4 billion euros. Wise (EUR 5.8 billion) came second and third was Veriff (EUR 1.3 billion). The ranking was compiled by Prudentia Tallinn, adviser of M&A transactions, and Siena Secondary Fund that specialises in VC secondary transactions.

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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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