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Funding

Wisby raises €250,000 to fuel growth after restructuring

Wisby raises €250,000 to fuel growth after restructuring

TALLINN — Label-ordering platform Wisby has raised €250,000 in strategic growth capital to validate its market valuation after a successful pivot from survival mode to profitability, and to scale product and business development across the company's primary markets in Scandinavia and Western Europe. Wisby needed to convert

AI agents' collaboration tool raises €470K

AI agents' collaboration tool raises €470K

TALLINN - Estonian startup Display.dev has raised €470,000 in pre-seed funding to grow its publishing and collaboration platform for AI agents. Display.dev gives every agent the ability to publish documents with a shareable URL – colleagues comment, agents read the comments and publish updated versions, and it works

Why a16z is keeping a close AI on Estonian founders

We recently caught up with Gabriel Vasquez, Investment Partner at a16z, who spearheads their global AI investment strategy. He shared why the global VC titan keeps coming back to Estonia. How do investors see the new Nordics for a place to invest? We've been investing in Estonia for

Fomo Academy: The art of pitch decks #2. The sending deck

Fomo Academy: The art of pitch decks #2. The sending deck

The deck you send has to do the talking because you are not in the room. Here is how to make it work without you. In the first part of this series, we covered the stage deck, the one you present live. This part is about its opposite: the deck

Nanordica Medical raises €1.6 million to launch its antibacterial wound dressing

Nanordica Medical raises €1.6 million to launch its antibacterial wound dressing

TALLINN - Estonian MedTech company Nanordica Medical has raised €1.6 million to see the commercialisation of its wound dressing product for the fast healing of chronic wounds. The round was led by Estonian fund 2C Ventures with participation from existing investors, Specialist VC, Superangel, Amalfi, Health Founders syndicate led by

Latitude59 winner Granarium Technologies raises €1 million Pre-seed round

Latitude59 winner Granarium Technologies raises €1 million Pre-seed round

Back in May at Latitude Finland's Granarium, the maker of renewable supercapacitors for grid-scale power stabilisation, took home a €200,000 investment offer from an amalgamation of Estonian Business Angels Network (EstBAN), Latvian Business Angels Network, Finnish Business Angels Network (FiBAN). Now, they have announced an over

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

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-