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Estonian Scorestars closes after four years of operation

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Estonian basketball fan engagement platform Scorestars is shutting down after four years of operation. According to co-founder Marek Kesküll, after changing their line of business, they failed to attract their first paying customer fast enough, which made it impossible to continue operations.

Estonia's Darkstar raises €10M from the Defense Fund managed by SmartCap

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The Defense Fund, managed by the national fund SmartCap , has invested  €10M in Darkstar , Estonia's first defense technology venture fund. SmartCap's investment of €10M in the Darkstar venture fund will act as an anchor investment, and private investments will bring the total size of the fund to €25M.

Four Estonian space technology startups will receive funding of €240K

Four Estonian space technology startups, Babayte , Spiral Hydrogen , MS Forest and Energy Risk Service, will receive funding of €240K - €60K each. Half of the funding will come from the European Space Agency ( ESA BIC Estonia ) and the other half from the cities, depending on the location of the startup.

Latvian startups will be able to receive funding in the amount of €200K

The Latvian Investment and Development Agency ( LIAA ) will allocate more than €18.5M to finance a new program to support the digitization of local companies.

Investments in Lithuanian startups increased 5 times in 1H 2025

In the first half of this year, Lithuanian startups attracted €167.7M in investments - 5 times more than in the same period last year. While the amount of investment has increased significantly compared to the first half of last year, when a total of €32M was raised, the number of startups that received it has dropped by 12% to 15 companies, according to data tracked by Unicorns Lithuania , a Lithuanian startup association.

Estonian CryptoSwift raises €510K

Estonian startup CryptoSwift has raised €510K in a pre-seed round. The round was backed by early stage investors Startup Wise Guys , Tenity , DEPO Ventures and a group of business angels. CryptoSwift will use the funds raised to expand its team and accelerate the adoption of its platform in the EU.