BalticVC

Estonian Trind Ventures has participated in a €5M round for the Finnish Bahn Express automotive logistics platform. The round was led by node.vc and supported by the existing investor Innovestor and the angel investors including Vincent Ho-Tin-Noé (CPO, Wolt), Tuomo Riekki (Co-Founder, Smartly, Zero) and Jiri Heinonen (Co-Founder, Swappie).

Estonian logistics startup MyDello has raised €3.1M from Icelandic Frumtak Ventures and Finnish Superhero Capital . Frumtak Ventures General Partner Andri Heiðar Kristinsson and Jevgeni Kabanov, President of Bolt, joined the Board of Directors of MyDello.

Estonian SmartCap has invested €3M in Finnish fund Nordic Science Investments I ( NSI ), which specializes in advanced technologies, healthcare technologies, and biomedical sciences.

Estonian venture capital fund Superangel participated in a $1.6M pre-seed round for dual-use technology company Sky Spy . Other investors include Expeditions Fund, Freedom Fund, Sunfish Partners, Crosscourt Ventures, and Material Ventures.

Estonian-founded Starship Technologies , in partnership with Uber Eats, has launched autonomous robot delivery in Leeds, UK. According to the companies, it will help to cope with the seasonal surge in orders, which traditionally increase during the holidays.

Jana Saastamoinen has been appointed as the new CEO of the Estonian Business Angels Network (EstBAN). She has previously worked mainly in project management and marketing and was the main organizer of Estonia's largest business festival, sTARTUp Day, for more than two years.

Estonian unicorn Bolt has signed a partnership agreement with autonomous driving startup Pony.ai . This will allow Bolt to add driverless cars to its taxi service in Europe.

Estonian electric cargo bike manufacturer Vok Bikes and Renault Group are entering into a strategic partnership with the aim of launching mass production of the latest generation of Vok four-wheel electric bikes. Production will begin in early 2026 at the Renault Refactory plant in Flins, France.

Tallinn-based Skeleton Technologies has opened a factory in Leipzig, Germany, to manufacture supercapacitors. The €220M facility is Estonia's largest industrial investment in Germany in recent years.

Sergey Anikin, an investor and specialist with over 25 years of experience in senior management positions in the technology sector, has become the Director of Engineering at Estonian unicorn Bolt . Among other things, he will be responsible for pricing the company's products and implementing more automation.

Tallinn-based defense technology startup C2GRID has closed a pre-seed  round led by Sunfish Partners . Other participants included BSV Ventures and angel investor Mike Oliinyk.

Estonian PowerUP Energy Technologies , which develops hydrogen fuel cell power generators, has raised €10M in a Series A round. The startup's investors include Mercaton , ScaleWolf , and SmartCap Green Fund , with participation from existing investors.

The members of the   Estonian Private Equity and Venture Capital Association  ( EstVCA ) have elected a new 11-member board of directors to lead the association until October 2027. Hendrik Reimand, founding partner of the venture fund 2C Ventures, who has been a board member of EstVCA since 2019, was elected as the new Chairman of the Board of Directors.

Starship Technologies , a developer of autonomous delivery vehicles, has announced the start of cooperation with Uber. At first, Starship robots will serve the Uber Eats food delivery service in the UK, and next year and in 2027 in several European countries and in the USA.

The Ministry of Internal Affairs of Estonia has again listed a number of companies that have exceeded the ten-year deadline and therefore can only be considered "startups" conditionally. One of them is now Veriff .

Objective and methodology of the survey The BalticVC media team conducted its second study of the Baltic startup ecosystem, the Baltic Startup Survey. The partner of the survey became Yellow Rocks! The study was conducted in the form of a survey of startup founders from Lithuania, Latvia, and Estonia.

The Estonian company Threod Systems , which develops unmanned aerial vehicles, tested a new unmanned precision strike system in cooperation with the Greek drone manufacturer S.A.S. Technology during the Aisios Omenos —25 exercises of the Greek armed Forces.

Venture fund Plural is moving its parent company from the UK to Estonia, where its subsidiary was previously located. According to documents submitted to the Registration Chamber, the fund's shares were transferred to the Estonian company back in February.

The Estonian division of Finnish company Solita has become a separate company called DataSky and has joined Estonian company Uptime . DataSky will retain its team and continue to operate from its current offices in Tallinn and Tartu.

Estonian company Nortal has acquired the Middle East division of Accela , a leading provider of cloud solutions for government agencies. This will enable the company to expand its presence in the region.