Tallinn’s seed-stage focused Tera Ventures closes €43 million fund

Tallinn-based Tera Ventures has closed a new fund, topping out at €43 million, with a global base of limited partners participating.  Tera will now count the European Investment Fund, under the EstFund,  LHV Pension Funds, ITOCHU Corporation, Mistletoe Venture Partners International, Perot Jain, MasterBorn, Inc., Eastport Strategies Principl Jonas E. Neihardt, as well as other […]

Tallinn-based influencer marketing platform Promoty raises €1.2 million

Influencer marketing platform to retail brand connection facilitator Promoty has raised €1.2 million in an oversubscribed round. The Tallinn-based startup initially sought to raise €800,000, but 28 hours later the round was increased to €1,2 million based on investor interest. This round was fueled through crowdfunding via the Funderbeam platform. The round was led by […]

Tallinn-based Bolt receives €20 million in investment, targets Eastern Europe and further African expansion

Mobility platform Bolt has recently received a €20 million investment from IFC, a member of the World Bank Group. The fresh investment is earmarked to creating earning opportunities and stimulate small-scale entrepreneurship, as well as improve access to transportation in emerging economies, primarily Eastern Europe and Africa. Bolt entered the African market in 2016 via […]

Estonian-born CRM startup Pipedrive acquires Riga-based Mailigen

Pipedrive, a sales CRM startup founded in Estonia, has acquired Latvian email marketing automation startup Mailigen for an undisclosed amount. The two companies plan to spend the next few months working on product and team integration and come to the market with a “new, high-value offering for customers.” This is the first acquisition in the […]