BalticVC

Riga-based theIntelligent VC has invested in American AI developer cloud Lambda . The fund participated in the Series D round of $480M, co-led by American company Andra Capital and SGW with participation from new investors internationally Andrej Karpathy, ARK Invest, Fincadia Advisors, G Squared, In-Q-Tel (IQT), KHK & Partners, and NVIDIA, among others, as well as strategic investment from Pegatron, Supermicro, Wistron and Wiwynn.

Estonian fund Trind Ventures has invested in Finland-based accounting software provider SparkReceipt . The funding round was supported by the European Union through the InvestEU Fund and Business Finland. 

Estonian fintech company Hoovi   has received €8M from Finnish Multitude International Bank. The investment was made in the form of a structured bond issue, which will increase Hoovi's capitalization.

Lithuanian fintech startup myTU  has successfully closed  its investment round A, having managed to raise €10M against the planned €9M. The round was led by existing shareholders who increased their stakes, as well as two strategic investors - the company's long-standing business partners. Thanks to the successful round, the valuation of myTU increased to more than €35M.

  Stargate Hydrogen , an Estonian manufacturer of innovative stacks and systems for electrolyzers, announced that it has successfully completed a Series A and raised €11M. The company's investors were Estonian state venture capital SmartCap Green Fund , Estonian UG Investments and Estonian real estate company Giga Investeeringud .  

Estonian fintech startup Cino   has raised €3.5M in a seed round led by London’s Balderton Capital. British Connect Ventures and Estonian Tera Ventures also participated in the round, alongside angels, including Barney Hussey-Yeo (founder of Cleo).

Israeli marketing software company Optimove has become the new owner of Estonian startup Adact . This is an exit for Estonian Business Angel Network  and Startup Wise Guys , which invested about $240K in Adact in several rounds.