BalticVC

Estonian Siena Secondary Fund plans to hold the first close of its new fund in late 2023 or early 2024. The fund targets to raise €30M- €50M. According to the general partner Lauri Isotamm, the investment firm intends to secure the maximum amount by the first close.

New Lithuanian Gamedev Fund will support game developers across European countries. The fund will invest in premium indie games for PC/consoles with a playable demo on hand. 

Lithuanian ed-tech Bbright  raised €200K from Lithuanian fund Jaunaragiai, which invested €40K, Lithuanian non-profit Marius Jakulis Jason Foundation (MJJ Fund), business angels Martynas Kandzeras, Vladas Lašas, and Algirdas Stonys.

Estonian venture capital fund Change Ventures launches €20M Fund III to double down on pre-seed investing in startups founded by Baltic entrepreneurs. The initial ticket size will be between €100K to €500K. Half of the fund will be used for follow-on investments. 

New Latvian-based venture fund Merito Partners invested in the Latvian developer of self-service solutions Tapbox . The amount of investment is undisclosed. Merito Partners has become a minority shareholder in TapBox.

Lithuanian Practica Capital raised €32M from Lithuanian Swedbank lizingas, UAB, and Estonian Swedbank Investeerimisfondid AS for its new fund Practica Venture Capital III. The Fund will focus on the Baltic companies.