EVENT: EstVCA Funds on Stage / 7 Feb at 16:30

Our traditional annual kickoff event "EstVCA Funds on Stage" is coming again - all EstVCA member funds will give a 5-7 minute overview of their 2022 activities: investments, exits, fundraising, team et al.

Continue reading

Specialist VC participated in green investment platform Grünfin's new €2M- round

Estonian sustainable investment startup Grünfin raises €2M and expands its product range with a new investment plan that helps employers keep their talent by offering sustainable financial independence to employees.

Continue reading

In 2022, Estonian startups emerged stronger than ever, say key stakeholders

Five organisations representing Estonian startups and investors community summarised the year 2022, which was once again a record one for Estonian startups. The traditional Estonian Startup Ecosystem Fireside Chat panel discussion brought together leaders in the field to discuss the key factors behind this success and to look ahead to the opportunities and challenges that lie ahead.

Continue reading

The Greentech Fund Call 2022/09 received a total of six applications

SmartCap’s call to select up to two private fund managers for establishing and managing green technology investment funds – to which SmartCap Green Fund will make a €20 million cornerstone investment each – received a total of six applications.

Continue reading

Change Ventures participates in a $30 million round of cleantech startup Aerones

Aerones, a robotics startup which helps with wind turbine maintenance, has secured $30 million in fresh funding. EstVCA's member Change Ventures is one of the investors helping Aerones to grow.

Continue reading

BaltCap to develop a €22 million Police Headquarters PPP project in Lithuania

BaltCap, the largest private equity firm in the Baltics, and the Police Department of Lithuania have signed a contract to design, build, finance and operate the new County Police Headquarters in Šiauliai, Lithuania. Total value of the signed public-private partnership (PPP) agreement is €21.9 million.

Continue reading

Change Ventures participates in a $16M Series A round into real estate VR startup Giraffe360

Change Ventures participates in Founders Fund lead $16M Series A round into real estate VR platform Giraffe360.

Continue reading

BaltCap enters the Latvian social and healthcare sector

BaltCap Private Equity Fund III (BPEF III), through its subsidiary Adoro, has signed an agreement to acquire the assets of Dzives Abece, a social care center in Latvia. With the investment, BaltCap aims to diversify the range of high-quality care services in Latvia for seniors and other client groups, such as post-treatment rehabilitation and dementia patients. Uldis Prieditis, a seasoned management professional, will serve as Adoro’s CEO.

Continue reading

Livonia Partners exits Hortes

On November 24th, Livonia Partners Fund I sold 100% of its shares in Hortes, Estonia’s most recognizable gardening retail brand.

Continue reading

EstVCA 2021 in numbers

2021 was another record-breaking year for the investing members of the Estonian Private Equity and Venture Capital Association (EstVCA). In 2021 EstVCA member AUM has reached €2,88bn. In total €290m was invested in 148 companies, €155m of that invested by PE/VC funds. There is a total of 484 active portfolio companies with a number of employees reaching 20 600 people. In 2021, nineteen divestments were made by our members, fourteen of which by professional funds. The dry powder of EstVCA members as of 31.12.21 was €624m.

Continue reading