Specialist VC and Trind Ventures invests in telemedicine startup DrHouse

Estonian Specialist VC, Trind Ventures, and some business angels from the US have invested $3,5M in telemedicine company DrHouse.

Founded in New York in 2021 by Estonian entrepreneurs Sten Tarro and Ergo Sooru, DrHouse is a platform that offers online medical consultations with doctors and the possibility of receiving a delivery of medicines prescribed by them. The medical providers are qualified to diagnose and treat a wide variety of non-emergency conditions. 

Services include getting a medical excuse for school or work, a new birth control prescription, antibiotic prescription. The clinicians work with migraine treatment, erectile dysfunction, UTI treatment, yeast infection treatment, etc. The startup will use the investment to market its solution.

Founded in Tallinn in 2017, Specialist VC is a venture capital firm that supports companies in the Baltic region, Finland, and Ukraine. The latest €50M fund of Specialist VC is supported by the Estonian LHV pension fund and the European Investment Fund through the European Guarantee Fund and the Baltic Innovation Fund 2. The partners of Specialist VC are Kaspar Hanni, Riivo Anton, Tõnu Esko and Gerri Kodres.

Trind Ventures is an early-stage venture fund with an initial ticket of €0,1M-€1M, and follow-on investments up to €5M per company. The partners are Joel Aasmäe, Ivar Siimar, Kimmo Irpola, Taavi Lepmets, and Reima Linnanvirta. In September 2022, the company closed Fund II at €55M. It aimed to invest in 30–40 startups in four years.

More

Tallinn-based provider of subscription service for variety of business ventures Fairown raises €5.7M

Image
Tallinn-based provider of subscription service for variety of business ventures Fairown has raised €5.7M in a seed extension round. The funding round was led by Munich-based VC BonVenture, with support from existing investors Neosfer (the early-stage investor and innovation unit of German Commerzbank Group), STIHL Ventures (the corporate venture arm of STIHL), and Austria’s Gateway Ventures. Founded in 2018 in Tallinn by Hendrik Roosna and Taivo Turnpu, Fairown provides a solution that allows banks, brands, and retailers to offer their products through a subscription-based model, with a pay-later approach. This system helps companies transition to a product-as-a-service model, allowing customers to access products regularly without having to purchase them outright. Additionally, Fairown facilitates the management of product renewal cycles by encouraging customers to return used products to the seller instead of sending them to landfills or reselling them. For instance, customers who wa
Read more »

Lithuanian AI-powered digital math tutor Alfa Space raises €315K

Image
Lithuanian AI-powered digital math tutor Alfa Space has raised €315K from Lithuanian business angels. Founded in 2024 by Paulius Serva, Vilius Jastremskas, Tomas Sipko, and Emilija Platukite, Alfa Space is developing a personalized math tutoring platform based on artificial intelligence.  Alfa Space helps to coordinate the math learning process and answers students' questions. The virtual assistant also explains the rules and presents the solution to the task or the desired topic, including the topic of the VBE (standardized math exam for high school students in Lithuania). The platform contains motivational content, videos, theoretical presentations, and others. It can assess the child's skills, identify gaps, and shape the learning process. In addition, the platform provides recommendations for the development of specific skills. The Alfa Space platform can also be used by teachers for free lesson preparation, homework, test writing, and other functions. According to the co
Read more »