SEPTEMBER 2021

 
 
 
 
 
 

Dear EstVCA members, associate members and friends

 

It has been an extremely busy September with Livonia Partners announcing its new record-size fund, EfTEN Capital completing its largest acquisition to date and our annual landmark event - the Baltic VCA Summit 2021 - successfully held in Vilnius with so many of our members participating. 

 

It was great to welcome Siena Secondary Fund as our new member and witness the launch of Change Ventures' Baltic Startup Report update. We also held three seminars in September and are excited to move towards the election of EstVCA new Management Board - the election & celebration event taking place on October 21 at 18:00. Looking forward to seeing you all there! 

 

With best wishes,

EstVCA team

 
 
 
UPCOMING EVENTS
 
 

EstVCA new Management Board

ELECTION & CELEBRATION

 
 

21 October 2021 I Tallinn

 
 
 
 

It’s time to wrap up the 2-year working period of the current EstVCA Management Board and elect the new members for our Board who will continue to develop the Estonian and regional PE/VC market. 

  • Psst - don’t forget to submit yourself or your candidate HERE!

We cordially invite you to the ELECTION & CELEBRATION event that takes place on 21 October 2021 starting at 18:00 in Biblioteq Events lounge. The evening kicks off with the election (voting rights for EstVCA members only) followed by a discussion with our special guests on stage. The discussion will be accompanied by an exhilarating journey of gastronomic, musical, and social interaction designed to elevate your senses to new heights.

 

What to expect:

  • A “meet and greet” with our new Board elect
  • An inspiring discussion on stage with our good friends from the ecosystem
  • A specially tailored gastronomic experience from Põhjala Catering
  • Cocktails prepared by a mixologist 
  • A musical experience that will keep you grooving
  • Exclusively for this event: a special program that tempts your taste buds with the tantalizing world of AGAVE drinks

WHEN: 21 OCTOBER 2021 at 18:00 (elections) I 19:00 (main event)

WHERE: Biblioteq Events salon, Aia 10a, Tallinn (https://www.biblioteq.ee) + online for the election segment.

WHO: All EstVCA members and associate members as well as key contacts from the ecosystem (by invitation).

 

REGISTER TO THE EVENT: 

please click HERE

 

 
 
 
EVENT RECAP

VIDEO RECAP & PHOTO GALLERY:

Baltic VCA Summit 2021

 
 

7 September 2021 I Lithuania

 
 
 

We are delighted to share with you the highlights of the Baltic VCA Summit 2021 that took place on 9 September in Lithuania:

 

>> View the VIDEO

>> View the PHOTO GALLERY

 

A huge thanks to all our speakers, panelists and sponsors for creating such a meaningful event and helped us to make it happen in such unpredictable times. 

 

Looking forward to meeting all of you at the Baltic VCA Summit 2022 in Latvia!

 
 
 
 
 
NEW FUND
 
 

Livonia Partners holds first close

on its second buy-out fund

at double the size of first fund

 
 
 

Livonia Partners announces the first close for its second fund, KS Livonia Partners Fund II, at €147 million and near the hard cap.

 

The fund pledges to invest capital into companies and opportunities addressing climate change and environmental sustainability.

 

>> Read more

 
 
 
NEW MEMBER

EstVCA welcomes

Siena Secondary Fund

as a new member

 
 
 

Siena Secondary Fund (SSF) provides liquidity for early investors, founders and employees of high-growth startups from the "New Nordics" (Baltic & Nordic) region. They target companies that are usually post series A, have a solid business model, and are still in a high growth phase. 

 

>> Read more

 
 
 
DEALS

Our members'
investments & exits

September 2021

 
 

EXIT:  Karma Ventures - SpectX

 
 
 

EXIT: Karma Ventures partnership with SpectX leads to exit to Dynatrace

Read more
 
 
 
 
 

INVESTMENT:  Superangel - Jatri

 
 
 

Superangel participates in the $1.2m investment round to Bangladeshi transport app Jatri

Read more
 
 
 
 
 

INVESTMENT:  United Angels / Trind VC - Fractory

 
 
 

 

United Angels VC and Trind Ventures participate in a $9 million Series A investment round to Fractory

Read more
 
 
 
 
 

INVESTMENT:  EfTEN - Jauna Teika

 
 
 

EfTEN Real Estate Fund 4 and Hanner concluded a €131m transaction for Jauna Teika offices, a landmark in Riga

Read more
 
 
 
 
 

INVESTMENT:  Karma Ventures - Wirepas

 
 
 

Karma Ventures participates in the €10million investment to Wirepas

Read more
 
 
 
 
 
 
 
REPORTS
 
 
 
 
 

Baltic Startup Funding Report 2021

 

Change Ventures launched the updated Baltic Startup Funding Report with the data from H1 2021.

 

>> View the report

 
 
 
 
 
 

The VC Factor - Pandemic Edition

 

Invest Europe, in partnership with the European Investment Fund (EIF), published ‘The VC Factor - Pandemic Edition’, a new report illustrating European venture capital’s continued strong support for innovative and fast-growing start-ups in the immediate aftermath of the COVID-19 pandemic in 2020.

 

>> View the report

 

 
 
 
 
 
MEDIA
 
 

Recent media covearge (in Estonian)

 
 
 

ÄRIPÄEV: Riskiraha saate episood #6 - Siena Secondary Fund

 

RISKIRAHA uues saates on külas meie värskeim liige Siena Secondary Fund: Eestis tegutsevaid riskikapitaliettevõtteid tutvustavas Äripäeva raadio saatesarjas “Riskiraha” on sel korral fookuses kaubamärgi Siena ümber koondunud tegijad. Lisaks nii-öelda traditsioonilistele riskiinvesteeringute tegemisele tõi Siena hiljuti turule ka uut tüüpi ehk järelturuinvesteeringuid tegeva fondi ehk “secondary fund”. Saatekülalised on Siena partnerid Rain Tamm ja Rando Rannus.

 

>> KUULA SAADET SIIN

 

 
 
 
 
 
 

ÄRIPÄEV: EfTENi United Property Fundi on kolme kuuga investeerinud üle 1800 investori kokku enam kui 5 miljonit eurot

 

Praegu ostavad investorid fondi osakuid rohkem taskusse, sest fond tuleb börsile alles järgmise aasta mais - või varem, juhul kui kokku saab piisavalt esinduslik portfell, nagu ütleb EfTEN United Property fondijuht Kristjan Tamla. Praegu märkides on eeliseid, aga kindlasti tuleb varuda ka kannatlikkust.

 

>> Loe lähemalt

 

 
 
 
 

Header photo credit: 

Ceit Wonders/Unsplash

 

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estvca.slack.com

 

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