BalticVC

Tallinn-based Lendurai , a dual-use technology startup, has raised €5.57M. The round was organized by the Expeditions Fund with the participation of HCVC and Vsquared Ventures .

Venture funds Plural and Superangel participated in a $20M Series A round for UK technology company Labrys . Other investors included AlbionVC as well as existing investors. Labrys will use the proceeds to further develop its proprietary Axiom platform.

Lithuanian  Iron Wolf Capital has announced the launch of its second €100M seed stage investment fund. The fund will support high-tech startups in industries such as artificial intelligence, robotics, photonics and space innovation in 25 early-stage companies in Estonia, Latvia, Lithuania and the Baltic States.

FPRO , a startup specializing in sports technology, has raised €2M from Lithuanian venture fund Tesonet . The raised funds will help the startup to expand the use of its smart technology solutions in youth soccer around the world.

Latvian company Aerones , a provider of robots for wind turbine maintenance and diagnostics, has raised $62M in investment. The round was led by venture funds Activate Capital and S2G , with participation from Carbon Equity and Overlap Holdings . Aerones' existing investors also participated in the investment round.

Telia Eesti has bought Estonian IT company Iglu , with which it has cooperated in developing several mobile solutions, including the Mobile-ID service. Now, in addition to telecommunications, IT and cybersecurity services, Telia will now be able to offer software development capabilities to customers through Iglu.

Exonicus , a Latvian company developing augmented reality trauma training for defense and emergency medical services, has raised an investment of €85K from the Latvian Business Angels Network ( LatBAN ). This is LatBAN's first investment in a dual-use company.