Lithuanian angel investment network NGL expands to Latvia

Lithuanian network of business angels and startup board members NGL is launching its operations in Latvia. The organization will help business representatives and private investors invest in promising startups and contribute their knowledge to the management of such companies.

NGL helps startups find the right people to fill positions on corporate and advisory boards. These boards will help shape the direction of the startup and offer their experience in decision-making.

NGL was founded in April this year in Lithuania by former LitBAN Managing Director Justinas Pasys and Ieva Dargyte-Pasiene as a family business. There are 92 members in the network. NGL has placed 8 advisory board members in 4 startups.

More

Fintech Monese merges with UK-based company Pockit

Image
London-based fintech Monese , founded by Estonian entrepreneur Norris Koppel, has merged with UK-based company Pockit . The deal will see Monese's minority shareholder, Estonian Tera Ventures , take a stake in Pockit. In addition, Pockit and London-based VC Puma Growth Partners will invest £15M in the integration of the two fintech companies. Further financial terms of the deal were not disclosed. 
Read more »