BalticVC

Lithuanian avionics startup WeSky has raised €1.36M from venture capital fund Coinvest Capital and a group of business angels. Coinvest Capital's share in this investment is €777K.

Latvian company Digmatix (formerly Digital Mind) has signed an agreement with Estonian technology company BCS Itera to acquire 100% of its shares. The deal will bring together two regional Microsoft solutions partners, helping to increase Digmatix's competitiveness in the region, as well as expand its solution offerings in the manufacturing, retail, financial and human resources sectors.

Estonian company XData Group has announced its plans to go public on the Nasdaq exchange in the first half of 2025. The company has already signed a definitive agreement with special purpose acquisition company (SPAC) Alpha Star Acquisition Corporation (Alpha Star) for a €158.3M merger.

Lithuanian startup VUGENE announced the closing an investment round of €1M led by Finnish Superhero Capital backed by NGL Ventures , Coinvest Capital and a group of angel investors.

Steve Semelsberger, who headed Estonian technology company Testlio for more than 6 years, has left his post. According to co-founder Kristel Kruustüki, Testlio's COO Summer Weisberg, who has been with the company for about 5 years, will temporarily take over as CEO.

Lithuanian laser technology developer Aktyvus Photonics has received a €4.2M strategic loan from Lithuania's national agency ILTE Lietuva . The loan is part of ILTE's Billion for Business Facility, which was created to support projects in the closed-loop economy, digitalization, energy efficiency, high value-added product development and defense sectors.