BalticVC

Estonian Siena Secondary Fund has acquired a stake in Tallinn-based cloud-based inventory software Katana . This investment is the first deal of the Siena Secondary Fund II, which announced about its coming launch in 2023. 

Estonian FCR Media together with Norwegian 1881 Group and German Heise acquires SaaS provider Mono Solutions from German Bauer Media Group. The partners received equal shares in Mono Solutions. 

Estonian Yolo Investments has invested in the San Francisco-based crypto platform Mesh Connect (formerly Front Finance). 

Estonian VC Lemonade Stand has invested in solution for green energy finance Soldera, AI-powered network optimization solution Enzum, drone manufacturer KrattWorks, and developer of computer vision-based solutions for drones Lendurai. The deals were closed in 2024. The amount of the investments was not disclosed, but the fund's initial ticket typically ranges from €25K to €300K.

Gytenis Galkis, cofounder of Lithuanian venture capital fund and accelerator 70V , and Audrius Milukas, CEO of Lithuanian venture fund management company Open Circe Capital  have joined Finnish  Superhero Capital ’s €50 million venture fund as new partners.

Latvia will allocate €98.4M to entrepreneurs to create innovative products, including dual-use products. The money will come from European Union funds in the form of a state loan. €83.6M of this amount will come from the ERDF, and €14.8M will be allocated from the state budget. In addition, €71.4M will be provided by private investors.

Estonian verification startup Veriff will open an office in Sao Paolo, Brazil this spring. This is connected with the increase of the company's business volume in the Latin American region in 2024, which has grown by 2.5 times.