BaltCap has sold its minority position in ZetCOM to Latvijas Mobilias Telefons Ltd. BaltCap invested in ZetCOM in 2005 to be part of the heavily growing telecom market in the region.
Danish VC Heartcore Capital, UVC Partners and existing investor Picus Capital also take part
Deal is an extension of the $4.1m series-A funding round led by Blossom Capital in October 2019
Fresh capital will help the provider of cloud access services expand in western Europe
DBay has also negotiated a new revolving credit facility for the transport and logistics company