Three startups will share the Latitude59 grand prize of €675K
Latvian construction technology startup Adventum Tech, will receive an investment of €250K from the Latvian Business Angels Network (LatBAN) and angel investors. Lithuanian defense technology company Luna Robotics will receive up to €250K from the Lithuanian Business Angel Network (LitBAN), Estonian developer of green energy solutions MarkeDroid will receive €175K from the Estonian Business Angel Network (EstBAN).
Adventum Tech optimizes construction and engineering processes through data management. It focuses on the development of hardware and software for applications within the construction, manufacturing, mobility, and energy sector. The startup was founded in Latvia in 2020 by Nikita Gorbatko and Davis Lukso.
Luna Robotics is a startup specializing in the development and production of defense technologies. The company's products include night vision devices for FPV kamikaze drones. The company was founded in Lithuania in 2024.
MarkeDroid is an Estonian cleantech company that provides end-to-end virtual power plant management solutions for households. The company was founded in Estonia in 2023 by Toomas Teesaar and Toomas Kärner.
LatBAN is a Latvian business angel network that was founded in April 2014. It helps business angels make investments throughout the Baltic region offering training, advice, and co-investment opportunities.
LitBAN is an angel investor community that invests in early stage companies with high growth potential. The organization was founded in 2018 and is headquartered in Vilnius, Lithuania.
Founded in 2012, EstBAN is a business angel network. EstBAN's members include Estonian Change Ventures and Tera Ventures, Lithuanian Practica Capital and Firstpick, Nordic Secondary Fund from Denmark, and others.
Latitude59 is an annual startup and technology conference that brings together startups from around the world. The L59 Pitch Competition is being held as part of the conference. The investors from the baltic countries participate in the event. Latitude59 was launched in Estonia in 2012.
