BalticVC

Estonian startup Clevon has been sold to US technology company Indigo Technologies . The amount of the deal was not disclosed, but negotiations on the sale started more than a year ago, when Clevon was looking for investments in the American market.

Estonian software developer for farmers  eAgronom has received an investment from renowned American food company Mondelēz International through its investment platform Sustainable Futures. The deal was facilitated by Sagana , an impact investment company, which confirmed eAgronom's business proposal. Neither party disclosed the size of the investment.

A European high-tech consortium, led by Estonian company Milrem Robotics , has received €50M from the European Defense Fund (EDF). The funds have been allocated under the EDF 2024 competition for joint defense research and development.

Lithuanian avionics startup WeSky has raised €1.36M from venture capital fund Coinvest Capital and a group of business angels. Coinvest Capital's share in this investment is €777K.

Latvian company Digmatix (formerly Digital Mind) has signed an agreement with Estonian technology company BCS Itera to acquire 100% of its shares. The deal will bring together two regional Microsoft solutions partners, helping to increase Digmatix's competitiveness in the region, as well as expand its solution offerings in the manufacturing, retail, financial and human resources sectors.

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.

Lithuanian startup VUGENE announced the closing an investment round of €1M led by Finnish Superhero Capital backed by NGL Ventures , Coinvest Capital and a group of angel investors.