BalticVC

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.

Canadian software company Enghouse Systems has acquired Lithuanian mobility services platform Trafi . This is an exit for Lithuanian Practica Capital , Estonian BaltCap , British Octopus Investments and European Bank for Reconstruction and Development (EBRD).

Lithuanian technology education startup Turing College has acquired British company Boom Training , which provides training services in various fields, including data analysis, management, marketing, etc.

Estonian software company Net Group is expanding its presence in Germany by acquiring  technology company Cloud Ahoi .

Estonian Bolt  has bought Danish startup Viggo  for an unnamed amount. This is the first acquisition in Bolt's history. 

Video Game Insights , a gaming industry analysis company, has announced that it has been acquired by US market research firm Sensor Tower . The amount of the deal and other financial details were not disclosed.

Lithuanian B2B marketplace for home appliances, electronics and DIY products eany.io has acquired Lithuanian startup Mentum AI . 

London-based private equity fund Bregal Milestone has acquired a majority stake in Estonian transportation technology company Ridango  from Estonian fund BaltCap . 

Estonian sports club software development company MOBY   has announced a merger with Estonian software development service provider HEISI . 

Israeli marketing software company Optimove has become the new owner of Estonian startup Adact . This is an exit for Estonian Business Angel Network  and Startup Wise Guys , which invested about $240K in Adact in several rounds. 

Alpha3D , an Estonian company developing an AI-powered 3D content creation platform, has acquired a Dutch AI-powered game development platform MoonlanderAI . 

Swedish lending company Clar   has acquired an Estonian fintech startup Fiizy . This is an exit for Nordic Secondary Fund , which invested in Fiizy in 2021. 

  Parcelsea , a developer of parcel vending machines and smart mailboxes, has sold its business to Ukrainian company Jetbeep. As a result of the deal, Jetbeep will receive the startup's intellectual property and customer contracts, while the Parcelsea team will join the new owner. 

Latvian company Mapon , part of the Draugiem Group, is expanding its Scandinavian business by acquiring 100% of shares in Interkom AB . 

Estonian influencer marketing platform Modash has acquired Promoty, another influencer platform with CRM tools. The acquisition was made possible after Modash raised  €11M in the fall of 2024. 

Lithuanian payments provider ArcaPay  was acquired by financial technology company Ebury .

Estonian FCR Media together with Norwegian 1881 Group and German Heise acquires SaaS provider Mono Solutions from German Bauer Media Group. The partners received equal shares in Mono Solutions. 

UPD: After the merger, the companies will have a new name Fyul, which consists of the last two letters of each company's name: "fy" and "ul".    Latvian e-commerce design platform, known for creating clothing, accessories, and home goods Printful has merged with Latvian print-on-demand marketplace Printify. The merger is expected to be finalized in the coming weeks. Financial terms of the deal have not been disclosed.

Apple has acquired Pixelmator , a Vilnius-based developer of image-editing applications for Mac and iPad. The deal is still subject to regulatory approval.

Estonian accelerator Startup Wise Guys has exited from the US AI-powered solution Elai.io , which allows users to convert text to video. Elai.io has been acquired by the US educational video platform Panopto . Details of the deal were not disclosed.