BalticVC

 Estonian energytech company LynxPower has raised €550,000 in investment from Giga , Taavi Madiberk (CEO & Co-Founder at Skeleton Technologies) and Marko Virkebau (CEO Stargate Hydrogen).

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 .

The Estonian government has awarded €44M in grants to support three projects.

Estonian Icebreaker.vc participated in a €3M seed round for Swedish startup Cytely , led by Ugly Duckling Ventures .

Estonian company MarkeDroid , which works to improve the efficiency of solar parks, has raised €300K in interim financing. Of the total investment, €175K came from the Estonian Business Angels Network ( EstBAN ).

Yaga , an Estonian online marketplace for used fashion, has raised €4M in a Series A funding to explore opportunities in the Middle East and North Africa. Tallinn-based Specialist VC led the round. Other participants in the deal included Sweden's H&M Group, Estonia's Trind Ventures , Startup Wise Guys and a group of business angels.

Venture capital firm Plural , founded by Estonian entrepreneurs Sten Tamkivi and Taavet Hinrikus, led a £75M ($100M) funding round for London-based health tech company CoMind . Hinrikus will join the company's board of directors.

Starship Technologies , a developer of autonomous delivery vehicles, has raised $50M in a Series C round. The round was led by Plural , with other participants including Karma, Latitude, Coefficient Capital, SmartCap, and Skaala.

Estonian startup Striga , which develops infrastructure for cryptocurrency payments, has been acquired by US payment platform Lightspark . The amount of the deal has not been disclosed. This is an exit for YCombinator , Rhombuz VC , and other investment companies that invested in Striga in 2021.

Tallinn-based eID Easy , a company that develops digital signature applications, announced that it has raised €2.4M in a seed round. The round was led by DeepIE Ventures with participation from Boole Investment Syndicate and other existing investors.

Estonian-founded venture capital fund Plural led a $8.3M Series A round for US cybersecurity company Arcjet . Other participants in the round included Ott Kaukver (former CTO of Twilio & Checkout.com) and existing investors Andreessen Horowitz, Seedcamp, Jeff Lawson (former CEO of Twilio) and Feross Aboukhadijeh (CEO of Socket). 

Estonian company Rentster, which develops software for automation and self-service, has changed its name to Autlio and pivoted. In addition, Taavi Lindmaa has joined the company as a co-owner and will lead the company's development and customer experience direction.

 Estonian-founded venture capital fund Plural has a new co-owner. Pierre-Dimitri Gore-Coty, former senior vice president of delivery at Uber, will join the company as a permanent partner in Paris, where Plural is opening its first office in France.

Katana, an Estonian inventory management platform for small and medium-sized businesses, has raised €14M in Series B. The round was led by Cogito Capital Partners with participation from Fenton/Greer Family Trust, Northzone , Atomico , 42Cap , and Lightrock .

The combined value of Estonia's 30 most valuable technology companies has grown by 35.2% to €27.7B in just two years, according to the TopTech 2025 report .

Estonian fund Darkstar has invested in Icelandic startup Stratis Intelligence . The amount of funding is unknown, but Darkstar said it is the fund's largest investment to date.

Estonian Sera AI has raised €1.4M in a seed round to enter the international market. The round was led by Maki VC . Other participants in the financing included Specialist VC , co-founder of Ready Player Me Kaspar Tiri, and co-founder and CEO of Bolt Markus Villig. 

Estonian venture fund Trind VC made an exit from its Norwegian portfolio company Tise , in which it had invested in 2020. The company was acquired by eBay , the global leader in e-commerce.

  Estonian cybersecurity company Rangeforce has been sold to its Israeli competitor Cyberbit . The parties have not disclosed the amount of the transaction.

  Estonian deep tech company SafePAS has received a €2.5M grant from the Enterprise and Innovation Fund (EIS) to further develop its DrugHunter rapid drug test. The grant was awarded on the basis of the European Innovation Council's (EIC) Seal of Excellence.