VCs Change Ventures, Vereeni Early Stage Fund, BENE Asia Capital, and Lemonade Stand led a USD1.7m seed investment for askRobin, an Estonia-based fintech focused on underbanked customers in Latin America. A number of tech entrepreneurs from Estonia participated in the round, including Pipedrive Co-Founder Ragnar Sass and Salv… Read More
UK-based VC Grafton Capital has invested USD20m in Omilia, a Cyprus-based AI developer for customer support. Read more… Read More
Romania-based VC Neogen Capital has invested EUR500k (approximately USD543k) in Romanian Robotic Automation Startup MissionCritical. Read more… Read More
US-based VC Index Ventures and Czech Republic-based VC Credo Ventures led a USD2.75m seed round for Czech Republic-based anti-fraud tech startup Resistant AI, with participation from Seedcamp, UiPath CEO Daniel Dines, Avast CTO Michal Pechoucek, and unnamed angel investors. Read more… Read More
Finland-based VC Icebreaker.vc has reached a EUR50m (approximately USD54m) first close for its second fund targeting early stage tech companies in Finland, Sweden, and Estonia. Investors in the fund include Finland´s state-owned investment company Tesi, KRR III, Varma Mutual Pension Insurance Company, and Elo Mutual Pension Insurance Company. Read More
Russia- and CIS-focused private equity fund manager Baring Vostok Capital Partners has acquired a minority stake in Russia-based eco-friendly detergents and cosmetics manufacturer Synergetic for an undisclosed amount. Read more… Read More
US-based venture capital firm Paladin Capital Group led a EUR1.9m (approximately USD2m) seed investment for Estonia-based serverless application troubleshooting company Dashbird. Read more… Read More
Baltics-focused private equity fund manager BaltCap has acquired two Lithuania-based meat processing companies, namely Krekenavos Agrofirma and Mesa LT, through BaltCap Private Equity Fund III (BPEF III). BPEF III financed the acquisition of Krekenavos Agrofirma through Mesa LT and became majority owner of the joint company. Krekenavos CEO… Read More
EM private credit funds raised USD8.1b in 2019, led by an increase in special situations fundraising EM private credit fund managers raised USD8.1 billion in 2019. As explored in EMPEA’s 2019 Private Credit Solutions report, investor interest in private credit opportunities has grown in recent years, which is particularly visible… Read More
Infrastructure funds raised USD5.2b in 2019, led by closes for Actis and NIIF funds EM-focused infrastructure fund managers raised USD5.2 billion in 2019, led by commitments to two landmark funds: the USD1.2 billion Actis Long Life Infrastructure Fund and National Infrastructure Investment Fund’s Master Fund, which reached a fourth close… Read More
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