BalticVC

Consumer credit provider Bondora has begun working with banking platform Tuum to create a fully licensed digital bank and modernize its operations in EU markets.

According to the Lithuanian startup association Unicorns Lithuania, there are currently almost 1,1K startups operating in Lithuania. In the first quarter of this year, they paid €128.2M in taxes - 19% more than a year ago and 5% more than in the previous quarter, according to Unicorns Lithuania data.

Lithuanian startup Sort A Brick has raised €350k, closing a pre-seed round of €1.5M. The round was supported by NGL Ventures , FIRSTPICK and business angels. 

Estonian startup Clevon has been sold to US technology company Indigo Technologies . The amount of the deal was not disclosed, but negotiations on the sale started more than a year ago, when Clevon was looking for investments in the American market.

Estonian software developer for farmers  eAgronom has received an investment from renowned American food company Mondelēz International through its investment platform Sustainable Futures. The deal was facilitated by Sagana , an impact investment company, which confirmed eAgronom's business proposal. Neither party disclosed the size of the investment.

A European high-tech consortium, led by Estonian company Milrem Robotics , has received €50M from the European Defense Fund (EDF). The funds have been allocated under the EDF 2024 competition for joint defense research and development.