Latvian Capitalia invests in Estonian VC Siena Secondary Fund

Latvian Capitalia has invested in the Estonian VC Siena Secondary Fund. The investment amount is undisclosed. The target size of Siena’s second fund is €50M.

In addition, Capitalia has brought together over ten private investors to create a feeder fund to facilitate investments in the new fund. This feeder fund will allow them to receive opportunities typically reserved for institutional investors or business angels with a minimum investment of €25K. New investors can provide financing to Siena's fund until the end of 2025.

Founded in Riga in 2007, Capitalia has invested more than €100M in over 5K companies. In addition to loans and venture capital, Capitalia also provides professional consulting services for business sales and financing solutions while managing several alternative investment funds focused on bonds, technology companies, and private debt. 

Founded in 2021 in Tallinn, Siena Secondary Fund provides liquidity to early investors, founders, and (ex)employees of growth startups from the New Nordics (Baltics & Scandinavia) region. The fund targets companies that are usually post-series A, have a solid business model, and are still in a high growth phase. The founding partners of the fund are Rain Tamm and Lauri Isotamm. The general partner is Rando Rannus.