Posts

Court declares Estonian startup Liigu bankrupt

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Yesterday, the Tartu County Court declared  the car rental startup Liigu bankrupt.

Latvian Mapon acquires Swedish fleet management solutions company Interkom AB

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Latvian company Mapon , part of the Draugiem Group, is expanding its Scandinavian business by acquiring 100% of shares in Interkom AB . 

Startups from Latvia collect all prizes at TechChill competition

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  In the TechChill  startup and technology competition, Latvian startups received  investment offers for €610K.

E-residents set up a record 4.8K companies in Estonia in 2024

Estonia's e-residents opened 4,818 new companies in 2024, an average of 400 new companies per month, which is an absolute record in the 10 years of the program's operation. 

Latvian startup Trace.Space raises $4M in seed funding

Latvian AI startup Trace.Space has raised $4M in seed funding. German company Cherry Ventures led the round, joined by Riga-based Outlast Fund , as well as previous investors American Nebular, Austrian Fiedler and Estonian Change Ventures . 

Estonian DeepTech startup DriveX raises €1.2M

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Estonian company DriveX has raised €1.2M to further develop its windshield damage detection technology using artificial intelligence. 

Baltic startups faced a slight funding gap in H2 of 2024

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In 2024, funding for startups in the Baltic countries decreased. However, the situation stabilized somewhat in the second half of the year. This is the conclusion reached by Change Ventures and FIRSTPICK in a new report on startup funding in the Baltic States for the second half of 2024.