BalticVC

The Estonian government has awarded €44M in grants to support three projects.

Estonian Icebreaker.vc participated in a €3M seed round for Swedish startup Cytely , led by Ugly Duckling Ventures .

Estonian company MarkeDroid , which works to improve the efficiency of solar parks, has raised €300K in interim financing. Of the total investment, €175K came from the Estonian Business Angels Network ( EstBAN ).

Vilnius-based Nexos.ai , which develops a multifunctional artificial intelligence platform, has raised €30M in a Series A. The startup received investment from the British fund Evantic Capital, the Swiss Index Ventures, the Swedish Creandum, the American Dig Ventures and business angels.

Yaga , an Estonian online marketplace for used fashion, has raised €4M in a Series A funding to explore opportunities in the Middle East and North Africa. Tallinn-based Specialist VC led the round. Other participants in the deal included Sweden's H&M Group, Estonia's Trind Ventures , Startup Wise Guys and a group of business angels.

Venture capital firm Plural , founded by Estonian entrepreneurs Sten Tamkivi and Taavet Hinrikus, led a £75M ($100M) funding round for London-based health tech company CoMind . Hinrikus will join the company's board of directors.

Lithuanian startup Supernaut AI , developing an AI assistant for engineering teams, has raised €530K in pre-seed funding from the Finnish venture capital firm Superhero Capital.