BalticVC

Space startup Deep Space Energy has raised €350K in pre-seed funding from Latvia's Outlast Fund and Lithuanian space startup NanoAvionics. 

Lithuanian startup Tingit , which develops a platform for repairing fashion items and everyday electronics, has raised €1.5M. The startup's investors include Coinvest Capital , FIRSTPICK , NGL Ventures , and existing investors.

  Estonian company Icebreaker.vc has exited its portfolio company Vespia , which has been acquired by Veriff . As part of the deal, the Vespia team will join Veriff.

Estonian technology companies, ORMIA, Bitlab, and WISIA, have received grants totaling €75,000 from the Prototron fund to develop their first working prototypes. The grand prize of €35,000 went to ORMIA,  while Bitlab and WISIA each received €30,000.

Lithuanian capital markets infrastructure company Axiology has raised €5M in funding to modernize securities issuance and trading in Europe. The round was led by Exponential Science , e2vc , and Coinvest Capital , with participation from TIBAS Ventures , Plug and Play Tech Center , BSV Ventures , and NGL Ventures.

Estonia’s Ministry of Defence, in collaboration with the Ministry of Economic Affairs and Communications, has established a pre-accelerator programme called the Defence Business Lab.