Latvian Outlast Fund closes €21M debut fund and invests in 4 more companies
Latvian O utlast Fund has closed its first fund at €21M to invest in Pre-Seed and Seed-stage startups from the Baltic-Nordic region.
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Estonian Bisly hires Tarmo Tali as its new CTO
Estonian technology company Bisly , which offers solutions for smart building automation, has hired Tarmo Tali as its new CTO. He previously worked at Skype, Pipedrive, Starship, and Veriff.
Estonian Karma Ventures invests in US-based DRUID AI
The Estonian fund Karma Ventures participated in a $31M Series С round for US-based AI company DRUID AI . Other investors include Cipio Partners, TQ Ventures , Smedvig Ventures , and Hoxton Ventures .
Estonian Wayren and Telearmy reach the finals of NATO's DIANA defense innovation accelerator
Two Estonian DefenceTech startups Wayren and Telearmy have become finalists of NATO's DIANA defence innovation accelerator. They were selected from 2613 companies that applied for participation. Other representatives of the final stage include 13 startups from the USA, Canada and the UK. Each finalist receives up to €300K in funding, adding to the €100K from phase one.
Turnover of the startup sector in Estonia has reached a record €2.42B in H1 2025
According to Startup Estonia , the turnover of the Estonian startup sector grew by a quarter in the first half of this year to a record €2.421B. In comparison, last year the turnover of the startup sector in the first half of the year amounted to €1.9B. However, investments in the first half of the year showed a clear downward trend.
Lithuanian MELP raises €1.2M from Coinvest Capital and business angels
Lithuanian HRtech MELP has raised €1.2M from Coinvest Capital and business angels.
Plural leads $20M Series A round for Danish company Teton.ai
Venture capital firm Plural has led a $20M Series A round for Danish company Teton.ai , with participation from Bertelsmann Investments , Antler Elevate , Nebular, and PSV Tech.