BalticVC

UPD: Estonian Change Ventures also participated in Modash’s latest funding round. Although the exact amount contributed by Change Ventures in this round remains undisclosed, the firm secured additional capital via a special-purpose vehicle (SPV) to support the investment. In 2022, Change Ventures invested in Modash through its Fund II, which had typical investments ranging between €100K and €750K. Tallinn-based tool for searching influencers Modash has raised €11M in Series A. Dutch VC HenQ led the round, with participation from some existing investors. 

Lithuanian venture capital fund Orion Ventures has invested in the AI-powered Finnish market analytics solution Statzon .

Tallinn-based developer of surveillance and control solutions DefSec Intel Solutions (DefSecIntel) has secured €5M overdraft loan from Swedish banking group Swedbank. 

Lithuanian accelerator Firstpick has invested in Finfra, founded by Latvian Reinis Simanovskis and Estonian Markus Prommik. The startup, which has developed a financial solution for underbanked companies in Southeast Asia, raised $2.5M in investments from Singapore-based Cento Ventures, US-based Accion Venture Lab, South Korea's Z Venture Capital, Silicon Valley-based Hustle Fund, and the founder of Polish fintech Avafin Matiss Ansviesulis. 

Riga-based defense technology startup Origin   has secured €4M to drive the development of its drone-launched precision-guided weapon systems. 

Estonian car rental company Planet42 has presented a rescue plan that would split the company's South African and Mexican businesses to investors. In August the startup suspended  payments to its investors.

Lithuanian second-hand clothing company Vinted has raised €340M in a secondary share sale, reaching its valuation of €5Bln. The round was led by US investment firm TPG Tech Adjacencies , with participation from London-based VC Hedosophia, Edinburgh-based asset manager Baillie Gifford, New York-based VCs Invus Opportunities, FJ Labs, Manhattan Venture Partners and Moore Strategic Ventures. All of Vinted's existing institutional investors of Vinted, including EQT, Accel, Burda Principal Investments, Insight Partners, Lightspeed, Sofina, and Sprints, have remained in the company.