BalticVC

Tallinn-based defense technology startup 5.0 Robotics has raised strategic investment from Luxembourg-based venture capital fund Ilavska Vuillermoz Capital to launch a special DefenseTech Fund. It is known that former Estonian President Toomas Hendrik Ilves has joined the advisory board of the fund.

Latvian construction technology startup Adventum Tech , will receive an investment of €250K from the Latvian Business Angels Network ( LatBAN ) and angel investors. Lithuanian defense technology company Luna Robotics will receive up to €250K from the Lithuanian Business Angel Network ( LitBAN ), Estonian developer of green energy solutions MarkeDroid will receive €175K from the Estonian Business Angel Network ( EstBAN ).

Fintech company Income has raised €540K from existing shareholder Dr. Hauptmann. In addition, the company launched a crowdfunding round via the SeedBlink service. The goal is to raise another €250K.

Venture fund Superangel has announced a new early-stage fund to invest in defense technology startups called Archangel .

Lithuanian startup Astrolight has closed a seed round at €2.8M led by tech investor Balnord . Other key investors were EIFO , Coinvest Capital , NGL Ventures and a member of Lithuanian Business Angel Network LitBAN Rita Sakus.

Ukrainian-Estonian MilTech startup Deftak has raised an investment of €600K from European defense investment fund Darkstar. The raised funds will allow Deftak to expand production and scale assistance to the defense forces of Ukraine and NATO countries.

SafePAS has announced that it has raised a first round of investment of €700K. The company has received support from BSV Ventures, Securetec Detektions-Systeme AG , EstBAN , PurposeTech , Beamline and Lanmer . According to the company, the funding will help accelerate the time-to-market of the products SafePAS is developing.