News not to be missed

COBALT advised the technology company MuRayTech on concluding agreements between founders and raising capital. MuRayTech’s founders are physicists and deep-tech entrepreneurs Andi Hektor and Kristjan Põder. The company operates in Tallinn, Hamburg, and Cambridge. MuRayTech brings together expertise in lasers,..

Latvia is set to get more clean energy as a result of almost EUR 85 million in international financing for renewable-electricity provider Sunly. Estonia-based Sunly will use the loans from the European Investment Bank (EIB), the European Bank for Reconstruction..

Lithuanian investment fund Practica Venture Capital III KŪB has invested EUR 2,4 million in Handwave, a Latvian biometrics and fintech company that specialises in developing user-friendly and secure authentication and payment systems through the use of palm-scan technology. This funding..

Repsol’s venture capital fund, listed on the Spanish stock exchange, has acquired a minority stake in Stargate Hydrogen to strengthen the Estonian company’s position as an international technology leader and boost its competitiveness in the global renewable hydrogen sector. Stargate..

The Tax and Customs Police Department of the State Revenue Service has adopted a decision to terminate criminal proceedings concerning an alleged violation of European Union sanctions, concluding that COBALT’s client has not committed a criminal offence. Following the termination..

Redwire Corporation, a global leader in aerospace and defense technology solutions, has completed its acquisition of Edge Autonomy Intermediate Holdings LLC together with its subsidiaries, a leading provider of field-proven uncrewed airborne system technology. The transaction value amounted to USD..

Practica Capital, together with Earlybird Venture Capital, Inovo.vc, and a group of angels, has provided a record-breaking USD 17 million seed round in the Baltics for sintra.ai. sintra.ai is a fast-growing platform already helping over 40 thousand small businesses in..

The essential water and sewerage service provider in Latvia, SIA “Rīgas ūdens”, owned by the Municipality of Riga, has successfully raised EUR 20 million in its first public offering of European Green Bonds. The nominal value of each bond is..