MAY 2022
 
 
 
 
 
 

It is time to wrap up our activities in May, which witnessed the launch of our very own podcast, saw a record number of reports, events and was also very active on the investments side. We continue to support Ukraine via various initatives, have updated the dedicated section on our website and would like to give a special kudos to investors Riivo Anton, Ivar Siimar, Ragnar Sass an many others for leading by example in assisting Ukraine with most practical solutions.

 

May 2022 in a nutshell:

 

EVENTS

  • Latitude59 was held in Kultuurikatel with nearly 3000 participants and celebrations of events' 10th anniversary. EstVCA was honoured to host a number of various delegations across the globe.
  • EstVCA Annual General Meeting 2022 at Palo Alto Club.
  • Investor Camp in Vilnius gathered the whole regional ecosystem.

REPORTS & MEDIA

  • EstVCA's new PODCAST series - “LP Insights” kick-started.
  • Estonian PE/VC Market Report 2021 launched.
  • Baltic PE/VC Market Overview 2021 launched.
  • EstVCA's legal/regulatory newsletter published.
  • European Women in VC Report 2022 launched.

FUNDRAISING

  • Eften United Property Fund IPO.
  • 6 new investments by our funds.

 

With best wishes,
EstVCA team
 
 
 
 
 
NEW PODCAST
 
 

EstVCA new PODCAST - 

"LP Insights"
 
 
 
 

As our mission in EstVCA is to contribute to the growth of the PE/VC market, both by helping current fund managers grow and new fund managers to emerge - this podcast was created to better understand how LPs make their decisions. 

 

✅ A new monthly podcast series with LPs = Limited Partners = investors in funds. 

 

✅ Each edition of LP INSIGHTS takes listeners on a 60-minute journey with an LP - either active or looking to become active in the Nordic-Baltic region. 

 

✅ The podcast seeks to understand the LP's investment strategy, the dos-and-don´ts that shape their decisions and the challenges and success stories they've encountered.

 

🎧 LISTEN HERE:
 
 
 
 
 
FUNDS
 
 
 

EfTEN United Property Fund IPO

 

On 31 May 2022 EfTEN United Property Fund units started to trade at Nasdaq Baltic Fund List under the ticker EFCUPFFT. While the IPO was offered only in Estonia then by now the shares are tradable from all Baltic countries.

>> Read more HERE
 
 
 
 
 
REPORTS
 
 
 
 
 

Baltic Private Equity and Venture Capital Market Report 2021

 

EstVCA, together with the Latvian and Lithuanian VCAs and Deloitte are happy to present the freshly published Baltic Private Equity and Venture Capital Market Overview 2021. The report was compiled for the third year in a row and brings out the Baltic PE/VC market landscape, key players and largest deals and looks into fundraising, investments (both inbound and outbound), divestments and much more.

>> View the report
 
 
 
 
 
 

EstVCA members 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 member funds as of 31.12.21 was €624m.

>> View the report
 
 
 
 
 
 

European Women in VC Report 2022

 

After 8 months of work and 400 VC funds in Europe researched the report of EUROPEAN WOMEN IN VC  is now launched! It shows the state of the European VC market from the gender perspective – women as investors and VC fund partners. The project was led by a great person and diversity evangelist Kinga Stanislawska and EstVCA was happy to be included.

 

>> View the report HERE
 
 
 
 
 
 

EstVCA Legal/Regulatory update Q1/2022

(in Estonian)

 

Meie juhatuse juures töötaval legal-regulatory töörühmal on olnud aktiivne periood, anname siinkohal töölaual olnud teemadest väikese ülevaate.

 

>> Loe lähemalt
 
 
 
 
 
EVENTS
 
 
 

Baltic FinReg

Summit 2022

8 June 2022 I Riga

 

Our associate member COBALT is organising the annual financial and regulatory conference – Baltic FinReg Summit 2022 which takes place in Riga, Latvia on 8 June, 2022.


>> NB! TICKETS - for EstVCA members and associate members the “Client/Partner” price applies: https://www.balticfinreg.eu/
 
 
 
 
 
 

EY Estonia invites: Scaling to the US market: How to succeed?

14 June 15-17 2022 I online

 

Entering the US market is tempting for most companies looking to scale their business, but what aspects should you know before making the move? 

>> Read more and register HERE
 
 
 
 
 
 

Baltic VCA Summit 2022

25-26 August I Riga

 

The event website with further info and tickets will be available soon. Our Latvian VCA has already started the sale of Early Bird tickets with the price of €370 (+VAT), which is valid until June 23rd.

 

To guarantee yours, please ping them on info@lvca.lv
 
 
 
 
 
 
 

EVENT RECAP: 

EstVCA Annual

General Meeting 2022

11 May I 15.00 - 17.00
 
 
 
 

Thanks to all our members and associate members for such a large attendance at our Annual General Meeting 2022 held on May 11th, 2022 at Palo Alto Club.

We’re so very happy to welcome our new board member – KRISTI KURVITS – from Tera Ventures to join our board with some fresh ideas and angles.

It was great to welcome our guest speaker – STEN TAMKIVI – and chat about Web3 and its impact on the industry.

RECORDING:

  • Fireside chat with Sten Tamkivi (in English) – click HERE 
 
 
 
 
 
DEALS

Our members'
investments

May 2022
 
 

INVESTMENT:  Livonia Partners - Stebby
 
 
 

Livonia Partners invests in sports-tech company Stebby
Read more
 
 
 
 
 

INVESTMENT:  BaltCap - €42M wind farm in Lithuania
 
 
 

BaltCap Infrastructure Fund starts the construction of EUR 42 million wind farm
Read more
 
 
 
 
 

INVESTMENT: BPM Mezzanine Fund II - Digital Mind AS
 
 
 

BPM Mezzanine Fund II provided financing to a Latvian IT company Digital Mind AS for the buy-out of a leading Lithuanian business software implementor Alna
Read more
 
 
 
 
 

INVESTMENT: Tera Ventures - SIQ Basketball

 
 
 
 

 

Tera Ventures participates in the US$3 million funding round of its portfolio company SIQ Basketball

 
Read more
 
 
 
 
 

INVESTMENT: Change Ventures - Werk
 
 
 

Change Ventures leads the $1.3M pre-seed round to Werk — a construction worker relocation platform

 
Read more
 
 
 
 
 

INVESTMENT: Karma Ventures - DRUID
 
 
 

Karma Ventures co-leads the $15 million investment to DRUID

 
Read more
 
 
 
 
 
 
 
 
 

Header photo credit: 

Alexandru-Tudorache/Unsplash

 

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estvca.slack.com

 

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