Baltic Startup Mafia

18/12/2024

🇱🇹 Goose Valley Ventures (GVV), a FinTech-focused venture capital firm dedicated to supporting innovative startups in the Nordic and Baltic regions, has announced its latest investment in Lithuanian FinTech Torus - a Saas intelligence platform for banks and paytechs.

Goose Valley

16/12/2024

🇪🇪 Estonia-based workflow automation SaaS Askel.ai has raised €380,000 in pre-seed funding while preparing to launch. The company offers a platform that enables SaaS companies to embed automation directly into their products without writing any code, reducing the burden on engineering teams. Non-technical end-users can automate repetitive tasks with Askel.ai’s solution by describing desired outcomes in natural and simple language.

The funding round, led by Superangel, included ProcessOut co-founder Manuel Huez, Matrix partner Patrick Malatack, Veriff co-founder Janer Gorohhov, and Ott Kaukver, former CTO of Checkout.com and Twilio, and tech executive of Skype.

05/12/2024

🇱🇹 smeGo has secured a €25 million investment from a leading European financial institution.

Since its inception in 2016, smeGo has provided tailored financing solutions to over 4,000 SMEs, with a credit portfolio of €240 million and a total of €2 billion financed. With branches in the Netherlands, Finland, and the Baltics, the company is now preparing to expand into Western Europe.

smeGo has secured a €25 million investment from a leading European financial institution. This funding will enable us to broaden our invoice factoring services and offer even lower rates to clients, enhancing access to financing for SMEs across the Baltic region. Since its inception in 2016, smeGo...

02/12/2024

🇪🇪 Tallinn-based Frankenburg Technologies, the defense industry company of Taavi Madiberk who is the founder of Estonian supercapacitor designer Skeleton Technologies, has raised €1.5M. The company's valuation increased to €55M. Frankenburg Technologies develops and produces innovative and mass-ready air defense systems, including missiles.

Estonian defense industry company Frankenburg Technologies raises €1.5M from Shellona November 22, 2024 Tallinn-based Frankenburg Technologies, the defense industry company of Taavi Madiberk (founder of Estonian supercapacitor designer Skeleton Technologies), has raised €1.5M from Shellona, ​....

26/11/2024

🇱🇻 Latvian company Origin Robotics has just secured a €4.5M EU grant to push the boundaries of unmanned defense innovations. 🌍

It develops precision-guided weapon systems that are both cost-effective and highly efficient. Its flagship product, the BEAK, is a man-portable ISR (Intelligence, Surveillance, and Reconnaissance) drone with precision guidance technology, delivering precision strike capability at a cost significantly lower than existing alternatives.

25/11/2024

🇱🇹 Turing College has secured a €2.5M grant to supercharge its mission of transforming online education. This investment will fuel their innovative, data-driven learning platform, empowering aspiring professionals to level up their skills in fields like data science, engineering, and more.

Vilnius-based edtech startup Turing College has been awarded a €2.5 million grant from the European Innovation Council (EIC), one of 70 projects selected out

22/11/2024

🇱🇹 Vilnius-based startup , which develops advanced geospatial data platforms with customizable sensors for efficient and cost-effective operations, has secured €2.4 million in funding from the European Innovation Council to launch a new product line integrating artificial intelligence into its cutting-edge solutions.

Vilnius-based startup AISPECO, which develops advanced geospatial data platforms with customizable sensors for efficient and cost-effective operations, has secured €2.4 million in funding from the European Innovation Council (EIC) to launch a new product line integrating artificial intelligence (A...

21/11/2024

🇱🇹 isLucid tools analyze customer interactions, assist agents during live calls, and automate repetitive tasks, addressing privacy and compliance needs for regulated industries. 🛠️🎯

Vilnius-based isLucid has completed its pre-seed funding round, with €265,000 contributed by Coinvest Capital alongside investments from Business Angels Fund

20/11/2024

🇱🇹 Ligence, a pioneering healthtech company, has successfully raised €3 million in its latest funding round. The startup is revolutionizing the medical imaging space, leveraging cutting-edge AI technology to streamline diagnostics and enhance patient care.

Ligence, a Vilnius-based startup focused on cardiac diagnostics, has secured €3 million in seed funding, with Simpact Ventures leading the investment. Other contributors include Coinvest Capital, the European Innovation Council (EIC) Fund, Lemonade Stand, and angel syndicate NGL. The company has d...

15/11/2024

🇱🇹 CyberUpgrade, a cutting-edge startup revolutionizing automated cyber oversight, has just raised a $2.5M seed round! 🛡️💻

In an era where organizations face an ever-growing landscape of cyber threats, Cyber Upgrade's AI-driven solutions aim to make cyber risk management simpler, smarter, and more effective.

The software assists CTOs and CISOs with cyber audits and offering real-time support.

13/11/2024

🇪🇪 Qminder, a service delivery SaaS platform, has secured €3M in seed funding to revolutionize in-person service management. With a focus on sectors like healthcare and local government, Qminder’s platform is set to streamline customer flow, leveraging real-time data for a better service experience.

The company aims to triple its US customer base, especially in local government and healthcare.

11/11/2024

🇱🇹 Vilnius-based startup BROSWARM has successfully raised $874,000 in seed funding!

Using a fleet of autonomous drones powered by AI and sensor fusion, Broswarm is set to redefine mine clearance, making it safer, more efficient, and cost-effective.

Vilnius-based startup Broswarm has secured $874K in seed funding to advance their next-generation mine detection technology.

11/11/2024

🇪🇪 Tallinn-based startup Miros has just secured €6 million to revolutionize visual search technology, combining cutting-edge machine learning with their innovative approach to how we search by images.

🔍 With this funding boost, Miros aims to make visual search faster, more accurate, and accessible for a variety of industries, from e-commerce to real-time identification in manufacturing.

Miros, a startup founded in 2021 specialising in visual AI for e-commerce search, has raised €6 million in a pre-Series A round led by EBRD Venture

07/11/2024

🇱🇻 Print-on-Demand industry leaders Printful & Printify are joining forces in a merger! Together, these two powerhouses will amplify their global reach, enhance production capabilities, and drive innovation in the on-demand printing sector. 🌍🖨️

👏 Congratulations to both teams!

Printful and Printify, two pioneering technology platforms that enable a wide variety of customers to build eCommerce businesses utilizing the power and efficiency of production-on-demand, have today announced that they will merge. The merger will open new prospects for accelerated growth for both c...

04/11/2024

🇱🇹 Pixelmator has signed an agreement to be acquired by Apple, subject to regulatory approval. Founded in 2007 by two brothers, Saulius Dailide and Aidas Dailide, the Pixelmator Team develops groundbreaking and innovative image editing apps for Mac and iOS.

Today we have some important news to share: the Pixelmator Team plans to join Apple.

01/11/2024

🇱🇹 Vixichain, a cutting-edge blockchain startup from Vilnius, Lithuania, has successfully raised $7 million to drive adoption of decentralized finance (DeFi) solutions in Traditional Finance (TradFi). Under the leadership of CEO Roy Mayer, Vixichain is breaking down barriers for financial institutions hesitant to embrace public blockchains.

Vixichain, a blockchain startup located in Vilnius, Lithuania, has secured $7 million in funding to help address the reluctance of Traditional Finance

31/10/2024

🇱🇹 HeavyFinance has partnered with the European Investment Fund to secure a €10.5M portfolio guarantee aimed at empowering small and medium-sized farms in Poland and Lithuania. This strategic guarantee will help farmers access essential financing to adopt greener practices and enhance soil carbon storage, advancing the EU’s green transition goals.

HeavyFinance has partnered with the European Investment Fund (EIF) to secure a €10.5 million portfolio guarantee aimed at supporting small and medium-sized farms in their shift toward sustainable agriculture. This key partnership will provide farmers and agricultural SMEs with essential financial ...

31/10/2024

🇪🇪 Modash just closed a $12M funding round to expand partnerships with creators of all sizes, making it easier for brands to connect with authentic, niche voices. Modash helps brands discover people who can promote their message.

Estonia-based startup Modash has raised a $12 million Series A led by henQ, a Dutch VC firm that prides itself in "funding the odd ones." And what's odd