BalticVC

Lithuanian capital markets infrastructure company Axiology has raised €5M in funding to modernize securities issuance and trading in Europe. The round was led by Exponential Science , e2vc , and Coinvest Capital , with participation from TIBAS Ventures , Plug and Play Tech Center , BSV Ventures , and NGL Ventures.

Estonia’s Ministry of Defence, in collaboration with the Ministry of Economic Affairs and Communications, has established a pre-accelerator programme called the Defence Business Lab. 

Estonian ImpactPCB and Finnish LifeGlue won the sTARTUp Pitching 2026 competition and received up to €150,000 from an angel syndicate led by the Estonian Business Angels Network ( EstBAN ). LifeGlue was also awarded up to €200,000 from BSV .

2025 was a record year for the e-residency program. Last year, Estonia gained 13,828 new e-residents, which is 20% more than the previous year and the best result in the last six years. Most applications for e-residency came from Germany (1,122, up 49%), France (1,016, up 56%), and Ukraine (921, up 5%).

Latvian FinTech company Eleving Group has begun collaborating with Lithuanian startup Chaseit with the aim of introducing artificial intelligence (AI) voice agents in call centers.

The Estonian government has launched a national program called Estonia.ai, which aims to introduce artificial intelligence into all sectors of the country by 2035. The advisory board overseeing the program will be headed by Bolt founder Markus Villig. The council will also include Estonian entrepreneurs Sten Tamkivi (Skaala), Kaspar Korjus (Pactum), and Taavi Madiberk (Skeleton), as well as international experts and industry representatives. The first meeting of the Advisory Board will take place in April 2026, after which it will meet every quarter.

Estonian company Scoro has acquired Envoice , an Estonian invoice and expense management platform. Envoice will continue to operate as an independent company and brand.

Estonian company Soldera has received €1.6M as part of an EIS applied research grant. The startup is using the funds to expand the company and further develop its product.

The Estonian Specialist VC has invested in the Finnish technology company Agileday . The €6.4M Series A round was led by Newion with the participation of Vendep Capital and Business Finland.

The Estonian Siena Secondary Fund participated in the $150M Series D investment round of the Preply language learning platform. The round was led by WestCap with the support of Indico Capital Partners, the European Bank for Reconstruction and Development (EBRD) and Reach Capital.

Venture capital firm Plural , founded by Estonian entrepreneurs Sten Tamkivi and Taavet Hinrikus, plans to create a new investment fund, which may amount to €1B. 

Latvian BADideas. fund invested in the Danish Insurtech startup Frankly Insure . The funding round took place in September 2025, but it became known only in January 2026. The amount of the investment was not disclosed.

Estonian Yolo Investments made an exit from its portfolio company CoinMENA . The company was acquired by Türkiye’s leading digital asset platform Paribu . 

Estonian Yolo Investments has invested in the American crypto company Meld . The $7M funding round was led by Lightspeed Faction. Other investors include F-Prime, and Scytale Digital.

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  Inbalance grid , a Lithuanian developer of electric vehicle charging solutions, has closed an investment round worth €1.8M with the participation of Coinvest Capital , EIT Urban Mobility and business angels. The company will use the raised capital to develop technologies, improve products, accelerate sales and strengthen internal processes, as well as further increase market share.

Estonian AI startup Flashka has raised €1M in pre-seed round led by Outlast Fund with the participation of UCP and Vento Ventures .

The Lithuanian company Cast AI , which develops a product to optimize cloud costs for businesses, has announced the attraction of strategic investments from Pacific Alliance Ventures . Although the exact amount was not disclosed, after this round of financing, the cost of Cast AI exceeded $1B, thanks to which the company was able to obtain the status of a unicorn. 

London-based consumer payment platform Zilch acquires a 100% stake in Lithuanian Fjord Bank and makes Vilnius its European headquarters. The deal is expected to close in the second half of 2026.

Estonian startup Rollo Robotics , developing an autonomous monowheel security robot, has raised €3.7M in pre-seed round to further mature its gyroscopic stabilisation technology. The investment round was led by Berlin-based FoodLabs and venture capital firm Prototype, with support from Enterprise Estonia ’s RUP programme.