Estonian FleetFox raises €806K

Estonian company FleetFox has raised €806K. The round was led by Czech venture capital funds Lighthouse Ventures and Gi21 Capital, joined by Latvian fund BADideas.

Founded in Tallinn in 2017 by Martin Kristerson and Valjo Kütt, Fleetfox develops a customer-centric SaaS and marketplace platform that combines software, turnkey services, partner integration, and automation into a single system. The long-term plan is to create a comprehensive fleet operating system that integrates fleet, data, and tools. With the new capital, the company plans to expand its team and continue its expansion into European markets.

BADideas.fund is a Latvian fund, launched in April 2022. It focuses on pre-seed and seed-stage startups from Baltics and CEE region. The typical ticket size is €100K. The fund has more than 40 business angels, founders, executives, and employees of Bolt, Vimeo, Printify, PandaDoc, Pipedrive, and others.

Lighthouse Ventures is a venture capital firm founded in 2019 in Prague, Czech Republic. The company focuses on early-stage investments in technology projects, particularly in the Czech market.

Gi21 Capital is a private investment firm founded in 2021 and based in Prague, Czech Republic. The company invests in early- and late-stage technology companies. The main focus is on areas such as AI, infrastructure, and next-generation digital platforms.