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Estonian company SafePAS raises €700K

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SafePAS has announced that it has raised a first round of investment of €700K. The company has received support from BSV Ventures, Securetec Detektions-Systeme AG , EstBAN , PurposeTech , Beamline and Lanmer . According to the company, the funding will help accelerate the time-to-market of the products SafePAS is developing.
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Estonian Specialist VC invests in Ukrainian startup Banani AI

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Tallinn-based venture fund Specialist VC has invested in Ukrainian AI startup Banani AI in a pre-seed round. The total investment amounted to €850K. Polish venture capital firm Inovo VC also participated in the round.
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In 2024 fundraising activity in Baltic fund managers decreased by 67% to €265M

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According the annual survey of Baltic Private Equity and Venture Capital Market Overview 2024 from KPMG , fundraising activity decreased to €265M (down 67% year-on-year). This is after two outstanding fundraising years in 2022 and 2023, when Baltic fund managers raised more than €1.5B. 
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Estonian AI-startup Co-one raises €1M

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Estonian company Co-one has raised €1M in a pre-Series A. The round was led by Turkish fund Ak Portföy together with the company's existing investors.
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Estonian companies Bondora and Tuum cooperate to create a unified cloud platform

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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.
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Average salary in Lithuanian startups increased to €4,6K in Q1 2025

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.
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Lithuanian startup Sort A Brick raises €350K

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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. 
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