BalticVC

Lithuanian Tech Zity Vilnius has raised €37M. Tallinn-based Bigbank  invested €28M in the form of a loan. €6.1M was secured from 49 private investors, including Darius Zakaitis and Mantas Mikuckas, and €3M - from the EfTEN Special Opportunities Fund, managed by Estonian real estate fund EfTEN Capital.

Companies registered in Latvia will be able to use crypto assets to pay for their share capital, which is aligned with the European Union's Markets in Crypto-Assets (MiCA) regulation. The decision was made by the Latvian Parliament.  

Estonian accelerator Startup Wise Guys has received a stake in Nigerian financial technology company Rise , which has acquired Startup Wise Guys' portfolio company Kenyan fintech Hisa. Details of the deal were not disclosed. 

Plural, co-founded by Estonian entrepreneurs Sten Tamkivi and Taavet Hinrikus, has led a $4.6M round in the Cambridge University spin-out of a developer of lithium-sulfur batteries Molyon . Cambridge-based IQ Capital, Cambridge Enterprise, UK-based Parkwalk Advisors, and angel investors also participated in the round.

Tallinn-based investment platform Grunfin is closing its operations, the platform's founder Triin Hertmann wrote on her social network. The startup plans to refund its customers their invested money in the coming weeks and will send information about the next steps by e-mail. Although 98% of the startup's portfolios showed positive returns, the team found it difficult to attract new customers at scale.

Estonian security and logistics solutions provider GSMvalve has acquired Latvian logistics software development company Intelligent Systems SIA .

Estonian accelerator Startup Wise Guys has invested in Paris-based Klart AI , which develops AI assistants for teams. The amount of the pre-seed round and the names of the other investors were not disclosed.