BalticVC

The members of the   Estonian Private Equity and Venture Capital Association  ( EstVCA ) have elected a new 11-member board of directors to lead the association until October 2027. Hendrik Reimand, founding partner of the venture fund 2C Ventures, who has been a board member of EstVCA since 2019, was elected as the new Chairman of the Board of Directors.

Starship Technologies , a developer of autonomous delivery vehicles, has announced the start of cooperation with Uber. At first, Starship robots will serve the Uber Eats food delivery service in the UK, and next year and in 2027 in several European countries and in the USA.

The Ministry of Internal Affairs of Estonia has again listed a number of companies that have exceeded the ten-year deadline and therefore can only be considered "startups" conditionally. One of them is now Veriff .

Objective and methodology of the survey The BalticVC media team conducted its second study of the Baltic startup ecosystem, the Baltic Startup Survey. The partner of the survey became Yellow Rocks! The study was conducted in the form of a survey of startup founders from Lithuania, Latvia, and Estonia.

The Estonian company Threod Systems , which develops unmanned aerial vehicles, tested a new unmanned precision strike system in cooperation with the Greek drone manufacturer S.A.S. Technology during the Aisios Omenos —25 exercises of the Greek armed Forces.

The Lithuanian company Vinted is considering the possibility of a secondary sale of shares. The deal is currently at an early stage and could be completed in early 2026.  Although the final estimate has not been confirmed, there is information that Vinted plans to raise about €8B to provide liquidity for early investors and long-time employees.

The Ministry of Economy of Latvia, The Financial Industry Association and the development finance institution Altum in cooperation with pension managers have agreed on the development of a new investment instrument – the Fund “For growth and protection”.