BalticVC

Lithuanian BSV Ventures , which changed its name from Baltic Sandbox Ventures last week, has raised $15M from NATO Innovation Fund (NIF), Lithuanian ILTE fund (ex-Invega), which invested under the Accelerator 2 program, and other private investors from Europe.

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Venture capital firm Plural, founded by Estonian entrepreneurs Sten Tamkivi and Taavet Hinrikus, has led a €151.6 round in Munich-based aerospace startup The Exploration Company (TEC). Balderton Capital was a co-lead investor with participation from Bessemer Venture Partners, NGP Capital, French Tech Souverainete, DeepTech & Climate Fonds (DTCF), Bayern Kapital, EQT Ventures, Red River West, Cherry Ventures, Promus Ventures, and Omnes Real Tech Fund.

Estonian startup Sera  has raised investment. The pre-seed round was led by Estonian Specialist VC with participation from a co-founder and CEO of Bolt Markus Villig and Kaspar Tiri (a co-founder of the Estonian avatar platform for creating virtual identities Ready Player Me). The amount of the investment was not disclosed.

  Estonian accelerator Startup Wise Guys has invested in Ukrainian startup Pibox. Czech Presto Ventures and Canadian Globalive Capital also participated in the $1.2M round.

Lithuanian startup CyberUpgrade , which has developed an AI-powered solution for enterprise security, has raised €2.5M in a seed round. The round was led by the Finnish Superhero Capital, with participation from Estonian Specialist VC , Lithuanian accelerator Firstpick , and a syndicate of investors from Lithuanian angel investment network NGL. Business angels Maria S. Kalochoritis and Sergey Anikin also participated in the round.

Lithuania's Ligence , which helps improve cardiac diagnostics, has raised €3M from a syndicate of 53 business angels NGL, Lithuanian Coinvest Capital , Estonian Lemonade Stand, a business angel Rita Sakus, Poland's Simpact Ventures, the European Innovation Council and SMEs Executive Agency (EISMEA). Following this investment, Coinvest increased its stake in the company to 19.67% and remains the largest investor.