BalticVC

Latvian Startup Association Startin.lv has a new CEO. Roberts Alhimionoks will now lead the association. The former CEO, Olga Barreto Goncalves, worked at Startin.lv for almost four years.

The Estonian government will invest €50M over 4-5 years in a venture capital fund managed by the national investment fund SmartCap . This year, €17M from the state budget will be channelled into the Risk Capital Fund, while in the following years €32.2M will be channelled into the fund from the Baltic Innovation Fund 2 and EstFund repayments.

BetterPic , an Estonian startup focused on image processing using artificial intelligence, has secured $2.5M in seed funding. The round was led by MOC Capital and Shilling VC , and also included investors from the technology and fashion sectors such as founder of Showpad and CEO of Wintercircus Ghent Louis Jonckheere, Matthias Geeroms of Lighthouse, Joris Van Der Gucht of Ravical, AI agency Hyperson, and Severine Nijs of Jackie Lee.

Tallinn-based venture capital company Unmanned.vc has joined the Estonian Business Angels Network ( EstBAN ). This gives EstBAN access to a highly specialized fund with experts in the fast-growing dual-use sector.

Estonian venture capital funds SmartCap and Skaala have invested in a new Stockholm-based fund Norrsken Evolve , a rebranding and expansion of investment company Norrsken Accelerator.

Silen , an Estonian office pod company, plans to open a factory in the U.S. in 2026.