In 2025, the Baltic startup ecosystem continued to mature. At the same time, investment activity has been notable: Lithuania’s total tech ecosystem value surpassed €16.4 billion thanks to a significant increase in venture capital inflows and high-profile funding rounds.
In 2025, Latvia’s startup ecosystem witnessed an increased investment flow, jumping by about 190% to €73 million, driven by large rounds in robotics and AI-related ventures.
Meanwhile, Estonia’s tech scene continued to stabilize and evolve, with local venture funds holding around €1 billion ready for deployment and a strategic shift toward sustainable growth after a challenging funding climate in previous years.
Below, you can find the biggest 2025 funding rounds raised by startups in Lithuania, Latvia and Estonia, along with key details about the startups. Check the rest of the Central and Eastern Europe 2025 mappings here.
This article is part of the CEE funding mapping series, done with the support of Dealigence platform. Please feel free to contact us if we missed something: [email protected]. / If the deal’s original currency wasn’t the euro, we convert it to the ratio listed on the publishing day.
Lithuania
Cast AI
(Lithuania-origin, US-based)
About: Provides an Autonomous Kubernetes platform that reduces cloud costs, automates DevOps tasks, and minimizes downtime, thereby increasing profit margins without extra effort.
Founders: Laurent Gil, Einaras von Gravrock, Yuri Frayman, Vilius Zukauskas
Vertical: DevOps / Cloud Infrastructure
Latest round: €92M
Stage: Series C
Investors: Aglaé Ventures, G2 Venture Partners (G2VP), SoftBank Vision Fund, Cota Capital, Creandum, Hedosophia, Uncorrelated, Vintage Investment Partners
Total funding: €158.2M
About: Unified AI platform combining workspaces, AI model access, and governance with security and observability. Tailored for multi‑department enterprises to convert AI potential into measurable business results.
Founders: Tomas Okmanas, Eimantas Sabaliauskas
Vertical: Enterprise AI
Latest round: €30M
Stage: Series A
Investors: Evantic Capital, Index Ventures, Creandum, Dig Ventures, FJ Labs
Total funding: €36.57M
Atrandi Biosciences
About: Patented Semi-Permeable Capsule (SPC) technology isolates tens of thousands of single cells in permeable microcompartments, enabling bulk reactions while preserving single-cell resolution.
Founders: Juozas Nainys, Linas Mazutis
Vertical: Biotech
Latest round: €21.26M
Stage: Series A
Investors: Lux Capital, GRIDS Capital, MetaPlanet, Practica Capital, Vsquared Ventures
Total funding: €26.37M
Sintra
About: Digital assistants designed for small business owners to manage tasks such as social media, sales, and recruiting with 24/7 support and integrations to common platforms. The solution leverages company knowledge for enhanced efficiency.
Founders: Kris Sidlauskas, Rokas Judickas, Vasaris Kaveckas
Vertical: AI Automation for SMBs
Latest round: €14.9M
Stage: Seed
Investors: Earlybird VC, Inovo, Practica Capital, business angels
Total funding: €14.46M
myTU
About: AI- and cloud-native neobanking platform for consumers and businesses providing licensed e-money accounts, consumer credit, SEPA and fast cross-border transfers.
Founders: Raman Korneu, Tomas Navickas
Vertical: Fintech (Neobanking)
Latest round: €10M
Stage: Pre-Series B
Investors: shareholders of the company (non-disclosed)
Total funding: €13.61M
Latvia
Aerones
About: Robotic technology is utilized for wind turbine blade maintenance services, including inspections, cleaning, and repairs, enhancing safety and efficiency by minimizing the need for technicians at heights.
Founders: Dainis Kruze, Janis Putrams
Vertical: Robotics
Latest round: €52.73M
Stage: Growth
Investors: Activate Capital, S2G Investments, Blume Equity, Change Ventures, Lightrock, MetaPlanet, Overlap Holdings, Capitalia, and others
Total funding: €101.22M
Trace.Space
About: AI-driven coordination layer for Western manufacturers that harnesses complexity as industrial leverage. Traces chains over time, linking people, processes, technology, and product, to accelerate innovation and implementation.
Founders: Mik Krams, Janis Vavere, Karlis Broders
Vertical: Industrial AI
Latest round: €3.4M
Stage: Seed
Investors: Cherry Ventures, Change Ventures, Outlast Fund, Fiedler Capital
Total funding: €3.4M
Cellbox Labs
About: Develops miniature organ replicas, focusing on microbiome and gut research, to enhance drug development and study biological processes. Also creates user-friendly instruments for experimental use on these organ chips.
Founders: Gatis Mozolevskis, Roberts Rimsa, Arturs Abols
Vertical: Biotech
Latest round: €3.23M
Stage: Seed
Investors: Buildit Accelerator, ASP Asset Management, Latvian Business Angel Network
Total funding: €8.25M
Handwave
About: In-store palm-scan payment system enabling contactless payments, age verification, and loyalty rewards through biometric authentication and encryption. Designed for retailers and shoppers to speed checkout, reduce queues, eliminate wallets, and secure transactions and customer data.
Founders: Jānis Stirna, Sandis Osmanis-Usmanis
Vertical: FinTech
Latest round: €3.57M
Stage: Seed
Investors: Practica Capital, FIRSTPICK, Inovo.vc, Outlast Fund
Total funding: €4.08M
Naco Technologies
About: Develops specialized nano-coatings and materials to replace expensive noble materials in hydrogen production and usage, significantly improving performance and reducing costs for industrial hydrogen producers.
Founders: Aleksandrs Parfinovics
Vertical: Clean Tech
Latest round: €2.5M
Stage: Pre-Series A
Investors: Radix Ventures, Impact Ventures, The Untitled Ventures
Total funding: €5.95M
Estonia
Pactum
(Estonia-origin, US-based)
About: An AI-based system enables global companies to conduct automated, personalized commercial negotiations at scale, facilitating win-win agreements through a user-friendly chat interface that incorporates effective negotiation strategies.
Founders: Kaspar Korjus, Martin Rand, Kristjan Korjus
Vertical: Enterprise AI
Latest round: €45.93M
Stage: Series C
Investors: Insight Partners, Karma Ventures, Tyson Ventures, 3VC, Atomico, Maersk Growth, PortfoLion, Project A, Superangel, MetaPlanet, NordicNinja VC, Taavet+Sten
Total funding: €92.71M
Starship Technologies
(Estonia-origin, US-based)
About: Specializes in autonomous robot delivery, offering sustainable and efficient last-mile delivery solutions for hot food, groceries, and supplies in various settings such as college campuses and communities.
Founders: Ahti Heinla, Janus Friis
Vertical: Robotics
Latest round: €42.53M
Stage: Series C
Investors: Plural, Coefficient Capital, Karma Ventures, Skaala, SmartCap, NordicNinja VC, Skaala, Goodyear Ventures, TDK Ventures
Total funding: €287.49M
Lightyear
About: A multi-regulated investment platform offering commission-free trading and high-yield savings.
Founders: Mihkel Aamer, Martin Sokk
Vertical: FinTech
Latest round: €19.56M
Stage: Series B
Investors: NordicNinja VC, Lightspeed Venture Partners, MetaPlanet, Skaala, Specialist VC, Superangel, Mosaic Ventures, Virgin Management
Total funding: €50.18M
Katana
About: Offers built-in inventory, production, and reporting features to provide companies with an end-to-end inventory management solution for modern businesses.
Founders: Kristjan Vilosius, Priit Kaasik
Vertical: Cloud
Latest round: €14M
Stage: Series B
Investors: Cogito Capital Partners, Fenton/Greer Family Trust, Atomico, Northzone, 42Cap, Lightrock
Total funding: €60M
UP Catalyst
About: Produces carbon nanomaterials and graphite from CO₂ emissions for use in electric car batteries, concrete, and biomedicine, while utilizing renewable energy and offering an environmentally friendly alternative to traditional production methods.
Founders: Maiko Kiis, Gary Urb, Kätlin Kaare
Vertical: Climate Tech
Latest round: €18M
Stage: Series A
Investors: Warsaw Equity Group, SmartCap, Extantia Capital, Little Green Fund, Sunly Startup, UniTartu Ventures
Total funding: €10.21M
