OCTOBER 2021
 
 
 
 
 
 

Dear EstVCA members and friends!

 

October was in many ways remarkable - we are so honored to present to you our new Management Board with 11 members that will continue to develop the organisation and PE/VC field in Estonia for the next 2 years. The board will elect its Chairman on November 15.

 

There was great news from Change Ventures, who announced its fund size reaching close to €43M and BaltCap appointing two new partners. Not to mention the six new deals and exciting upcoming events.

 

With best wishes,

EstVCA team
 
 
 
NEW BOARD
 
 

EstVCA new Management Board

was elected on 21 October 2021
 
 
 
 

It was great to see so many of our members and associate members participating at our board election event held in 21 October. Please meet the new EstVCA Management Board that will continue to develop the Estonian PE/VC market and organisation for the next two years (2021-2023). The board will elect its Chairman on 15 November.

PS! Photos and video recording of the event will be ready by the end of this week.

 

MARGUS UUDAM / Partner / Karma Ventures

KRISTJAN KALDA / Partner / BaltCap

SILLE PETTAI / Fund Manager / SmartCap

ALLAN GAIDUNKO / Private Equity Portfolio Manager / LHV Asset Management

MAREK KIISA / Partner / NordicNinja VC

KRISTEL RAIDLA-TALUR / Partner / COBALT Legal Estonia

VELJO OTSASON / Partner / Superangel

ANTTI PERLI / Counsel / Ellex Raidla

RAIN TAMM / Partner / Siena Secondary Fund

HENDRIK REIMAND / Associate / Livonia Partners

INDREK KASELA / Partner / United Angels

 

  • Read more about the new board members HERE

 
 
 
 
 
 
FUNDS
 
 

Change Ventures

grows its fund size to €43M
 
 
 

Baltic seed fund Change Ventures announced another increase in the size of its Change Ventures Fund II, to almost €43M in commitments, allowing more capital to flow to ambitious Baltic founders to scale their businesses across the globe. 

 

>> Read more
 
 
 
 
 

BaltCap announces

two new partners
 
 
 

BaltCap, a private equity manager operating across the Baltics, Nordics, and Poland, announces the promotion of two long-standing team members Sarunas Alekna and Eneken Napa, to Partner.

 

>> Read more
 
 
 
 
 
DEALS

Our members'
investments & exits

October 2021
 
 

INVESTMENT:  ASI - Ampler Bikes
 
 
 

Ambient Sound Investments participates in the €7.4 M investment round to Ampler Bikes
Read more
 
 
 
 
 

INVESTMENT:  Siena Secondary Fund - Testlio
 
 
 

Siena Secondary Fund acquired a stake in Testlio
Read more
 
 
 
 
 

INVESTMENT:  Superangel - Storadera
 
 
 

 

Superangel invests in cloud storage startup Storadera
Read more
 
 
 
 
 

INVESTMENT:  Superangel / United Angels - Grünfin
 
 
 

Grünfin raises €2M for its new sustainable investing platform with Superangel and United Angels also on board as investors
Read more
 
 
 
 
 

EXIT:  BPM Mezzanine Fund - iDS
 
 
 

EXIT: BPM Mezzanine Fund exited its investment in e-commerce & POS solutions provider iDS
Read more
 
 
 
 
 

INVESTMENT:  BaltCap - National Stadium
 
 
 

BaltCap and Lithuanian Ministry of Education, Science and Sport, and Vilnius City Municipality signed the largest PPP agreement in the Baltics
Read more
 
 
 
 
 
 
 
EVENTS
 
 

New Events Calendar
 
 
 
 
 
 

EstVCA website now features an events calendar for the whole year and includes a selection of events our members are frequently attending. The calendar includes all key events in the Nordic-Baltic region as well as a selection of events across Europe.

 

https://estvca.ee/events
 
 
 
 
 
 

PwC invites: "ESG as a game changer" seminar

 

3 NOVEMBER 3-6 PM

7th floor at Hotel L’Embitu (Lembitu 12, Tallinn) 

 

To better understand the nature of ESG and the impact of sustainable finance on raising money or closing deals, we ask you to join us at a seminar where PwC’s top ESG experts will provide useful tips. LHV and BaltCap will share the experience of their ESG journeys.

 

>> REGISTER
 
 
 
 
 
 

EY Eesti Aasta Ettevõtja 2022 konkurss on AVATUD!

 

Algas EY Eesti Aasta Ettevõtja konkurss, mis kulmineerub veebruari lõpus aasta ettevõtja ning elutööpreemia laureaadi väljakuulutamisega. 

 

Palume teid kaasa mõtlema ning kandidaate esitama, kuna näete oma töös igapäevaselt silmapaistvaid ettevõtjaid.

 

>> LOE LÄHEMALT

 
 
 
 
 
 
 

Invitation: Estonian Unicorn Factory at Slush 2021

 

1 DECEMBER 16:30 at Helsinki City Museum

 

Our dear friends from Invest Estonia, Startup Estonia, EstBAN, e-Residency and the Estonian Embassy in Helsinki are hosting a side event of Slush 2021 and are glad to introduce you the country that is leading in the number of unicorns per capita in the world. 

 

>> READ MORE & RSVP

 
 
 
 
 
 
MEDIA
 
 

Recent media covearge (in Estonian)
 
 
 

GEENIUS: Indigolaste mängumaast majandusveduriks – idusektor pole enam nišivaldkond

 

KPMG ja EstVCA annavad ühises pikemas loos ülevaate CVC valdkonnast ehk sellest, kuidas suurkorporatsioonid järjest enam VC valdkonnas investeerivad. Teema üle arutlevad era- ja riskikapitalifonde ühendava EstVCA tegevjuht Kadri Lindpere, KPMG tehingutenõustamise valdkonnajuht Dmitri Ševoldajev ning advokaadibüroo KPMG Law juhtivpartner ja vandeadvokaat Karin Kaup.

 

>> LOE LÄHEMALT

 
 
 
 
 
 
 
 

Header photo credit: 

https://unsplash.com/@sigmund

 

Join EstVCA on Slack:

estvca.slack.com

 

Follow EstVCA on social media: