Estonia
Change Ventures aims to hold final close for EUR 20m third fund by mid-2024
Estonia-registered VC could bolster LP base with fresh capital from funds-of-funds or pension funds
Trind VC plans up to five early-stage investments in next six months
VC has deployed around 10% of its second, EUR 55m fund and plans to invest in up to 40 startups
Siena aims to hold new VC secondaries fund first close in late 2023 or early 2024
Secondary investments specialist will target EUR 30m to EUR 50m for new fund
Inventure targets EUR 175m hard-cap for fourth fund
Nordics and Baltics-focused early-stage investor held second close for new fund on EUR 144m
Startup Wise Guys gears up for B2B fund close next year
Estonian VC is targeting institutionals, family offices and HNWI for EUR 20m Challenger Fund II
Trind VC closes new seed-stage fund on EUR 55m
Fund II has EIF, Tesi, LHV Pension Funds and Swedbank Investment Funds in its LP base
Superangel targets up to EUR 50m hard cap for second fund
Estonian VC firm seeks further institutional investors; SmartCap to make EUR 15m anchor commitment
Sequoia, Fidelity in EUR 628m investment round for Bolt
Ride-hailing service reaches a valuation of EUR 7.4bn, up from EUR 4bn at its last funding round in August 2021
Startup Wise Guys raising up to EUR 52.5m across three funds
Estonian VC is raising Cyber Fund I, its second Challenger Fund and its Opportunity Fund II
Bolt closes EUR 600m funding round
Investors include Sequoia, Tekne, Ghisallo, G Squared, D1 Capital and Naya
Icebreaker closes second fund on €100m
VC also closes a €20m Opportunity Fund, which will be used for follow-on investments in portfolio companies from the first fund
BaltCap closes third fund on €177m hard-cap
GP committed €5m of its own capital to the fund, the largest amount it has committed to any of its own funds
Accel, IVP lead $69m series-B for Veriff
AI company has raised $92.8m to date and will use the proceeds to expand in the US market and enhance its product offering
Atomico leads $11m series-A for Katana
Company intends to use the fresh capital to scale up its team, further develop its product and boost its expansion
Siena Venture targets €25m close before year-end
Debut fund from the new VC player held a first close on 1 February
New Baltic fund targets €30m to back female founders
Fund targets Baltic and Nordic startups with female founders and gender-balanced executive teams
BaltCap acquires Baltic Ticket Holdings
GP believes the market for culture and entertainment will quickly recover once Covid-19 restrictions are eased
D1 leads €150m round for Bolt
Bolt will use the funds to enhance the safety and quality of its products as it grows in Europe and Africa
CapMan Growth closes second fund on €97m
GP aims to complete the fund's investment period withiun three years and raise a new growth fund every three years
FirstFloor et al. back €41m series-D for Skeleton
Latest round brings Skeleton's total funding to €93m since its inception in 2009
Livonia sells Thermory to UG Investeeringud
UG Investeeringud had previously been a minority shareholder of the company
BaltCap appoints three in investment team
BaltCap unites 32 professionals in Tallinn, Riga, Vilnius, Warsaw, Helsinki and Stockholm offices
Pomerangels backs round for Fully-Verified
Fresh capital will be used to strengthen the company's position in the worldwide identity verification sector
Karma et al. back €1.5m round for MeetFrank
Company will use the capital to launch its new "relocation without location" feature