Posts

Estonian Fairmus acquires Distrus

Estonian streaming platform Fairmus   raised  in a seed round of €120K this year and in the summer acquired Estonian music digital distribution platform Distrus . 

Lithuanian angel investment network NGL expands to Latvia

Lithuanian network of business angels and startup board members NGL   is launching its operations in Latvia. The organization will help business representatives and private investors invest in promising startups and contribute their knowledge to the management of such companies.

Fintech Monese merges with UK-based company Pockit

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London-based fintech Monese , founded by Estonian entrepreneur Norris Koppel, has merged with UK-based company Pockit . The deal will see Monese's minority shareholder, Estonian Tera Ventures , take a stake in Pockit. In addition, Pockit and London-based VC Puma Growth Partners will invest £15M in the integration of the two fintech companies. Further financial terms of the deal were not disclosed. 

Lithuanian AI-powered marketing analytics platform RedTrack raises €2.9M

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Vilnius-based marketing analytics platform RedTrack has raised €2.9M in series A from lead investor Hungarian LeadVentures with participation from Lithuanian IronWolf Capital , Californian software developer InstaVC and angel investor from Budapest Balazs Gandera.

Estonian Uptime acquires majority stake in Spanish software developer Unatec

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Estonian information technology company Uptime has acquired a majority stake in Madrid-based software developer Unatec . Details of the deal were not disclosed.

Lithuanian unicorn Surfshark acquires California-based online privacy protection company Ironwall

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Lithuanian cybersecurity unicorn Surfshark has acquired California-based online privacy protection company Ironwall, which removes personal information from the Internet. Ironwall's solution protects businesses and governments from cyber and personal threats. Its clients include judges, social workers, law enforcement, healthcare organizations, financial institutions, and those who have been victims of stalking or domestic violence. Ironwall monitors websites and social media, making sensitive information such as home addresses and phone numbers unsearchable. According to the company, if an online platform refuses to remove a home address, Ironwall will take the case to court or the attorney general’s office.

Estonian logistics startup Waybiller raises €500K

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Estonian logistics startup Waybiller has raised €500K. The round was led by existing investors Finnish Gorilla Capital and Tallinn-based Ambient Sound Investments.  Waybiller’s own employees Omar Purik and Külli Kerem, and also business angels Urmo Lehtsalu and Egert Palmiste, Estonian software company Thorgate, and Vestman Grupp (focuses on forest, agriculture, and mineral resources management) participated in the round.