Latitude59

Latitude59 big wins go to Granarium, Backoffice and Dogbase

TALLINN - Finnish Granarium won the largest award at Latitude59 pitching competition, with Backoffice and Dogbase winning other awards.

Finland's Granarium, the maker of renewable supercapacitors for grid-scale power stabilisation, received a 200,000-euro investment offer from business angel networks.

“A key structural shift is that storage is no longer just a 'backup power’ - it is becoming core grid infrastructure. Granarium is the perfect addition to our angel investment portfolio because the company is solving a massive global challenge in a safe and scalable way,” said lead investor Jana Budkovskaja.

Backoffice, a workforce management tool for restaurants, was awarded a 150,000 euros investment offer from FIRSTPICK VC.

Dogbase, AI platform for working-dog team training and performance, won 100,000 euros investment offer from business angel networks.

“I believe our investors have found new superstars for their portfolios, while the founders will gain not only investment but also professional and committed partners who are ready to contribute to their success," said Latitude59 CEO Liisi Org.

The prize pool also included awards from Latitude59’s partners, including TalentHub, SEB, Knowzilla, Widen Legal, Amazon Web Services and Google Cloud.

The other finalists included:

Callsy AI (LT) — AI workforce agents that automate revenue, activation, and support

FleetFox (EST) — one-stop shop for fleet managers across Europe

Getpin (EST) — helping local businesses get chosen in AI-driven discovery

FPV Battleground (UA) — tactical FPV simulator for military drone pilots

The “Vinted Effect”: How Lithuania replicated the Skype phenomenon to rewrite the playbook

VILNIUS - When Mantas Mikuckas recalled the intense pressure surrounding Accel Partners' 2013 investment into Vinted, he framed it as a baseline trial for an entire nation. Addressing a packed hall at the LOGIN innovation conference inside the Litexpo exhibition centre in Vilnius, Vinted’s co-founder noted that international

Lithuania’s co-investment strategy offers blueprint for boosting angel investments

TALLINN — The Estonian startup ecosystem, which has seen an 83% drop in direct angel investments over the last few years, could follow Lithuania's lead in seeking a solution to get angels off the sidelines. Fomo.Observer caught up with Viktorija Trimbel, Managing Director of Lithuania's state-backed

Traditional accelerators fight for relevance in the age of vibecoding and solo founders

TALLINN — The traditional startup accelerator model is facing an existential crossroad as rapid advancements in artificial intelligence dismantle technical barriers, allowing solo entrepreneurs to launch companies with little to no human assistance. At a Latitude59 panel discussion titled "If AI can build startups, how should we define the role

Past unicorn glories won't save us: Why the Estonian startup ecosystem needs fresh blood

TALLINN - The Estonian startup sector, frequently lauded for its record-breaking concentration of unicorns per capita, is facing a critical bottleneck: a deficit in raw numbers of new, active builders. Sitting down on the sidelines of the Latitude59 conference in Tallinn, Tim Vaino, an early-stage investor with Practica Capital, discusses

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The “Vinted Effect”: How Lithuania replicated the Skype phenomenon to rewrite the playbook

Lithuania’s co-investment strategy offers blueprint for boosting angel investments

Traditional accelerators fight for relevance in the age of vibecoding and solo founders

Past unicorn glories won't save us: Why the Estonian startup ecosystem needs fresh blood