BalticVC

Riga-based defense technology startup Origin   has secured €4M to drive the development of its drone-launched precision-guided weapon systems. 

Estonian car rental company Planet42 has presented a rescue plan that would split the company's South African and Mexican businesses to investors. In August the startup suspended  payments to its investors.

Lithuanian second-hand clothing company Vinted has raised €340M in a secondary share sale, reaching its valuation of €5Bln. The round was led by US investment firm TPG Tech Adjacencies , with participation from London-based VC Hedosophia, Edinburgh-based asset manager Baillie Gifford, New York-based VCs Invus Opportunities, FJ Labs, Manhattan Venture Partners and Moore Strategic Ventures. All of Vinted's existing institutional investors of Vinted, including EQT, Accel, Burda Principal Investments, Insight Partners, Lightspeed, Sofina, and Sprints, have remained in the company.

According to the government organization Startup Estonia, Estonian startups reached a turnover of €2.7Bln in the first nine months of 2024. This is 10% more than in the same period of 2023 when their turnover reached about €2.4Bln.

An attempt to kidnap Yolo Investments owner Tim Heath in Tallinn in July 2024 has been foiled . One of the suspects, Georgian citizen Ilgar Mamedov, was arrested in Lithuania and extradited to Estonia. The identity of the other accomplices has not been established, but it is known that they were foreign citizens. The investigation into the aborted kidnapping is ongoing.

Estonian accelerator and fund Startup Wise Guys has exited the Italian delivery management solution Deliverart . The startup’s new shareholder is the Italian company TeamSystem which develops digital business management solutions.

Lithuanian The Nter Asset Management , through its Alternative lenders and private equity fund, has acquired 80% of Lithuanian technology company Orion Leasing for €2.5M.