EstVCA Announces its New Management Board & Chairman of the Board for 2025-2027
The Estonian Private Equity and Venture Capital Association (EstVCA) members have elected a new 11-member board to steer the association for the next two years, until October 2027. Hendrik Reimand, Founding Partner at the venture capital fund 2C Ventures, has been elected as the new Chairman of the Board.
Madis Lehtmets, Managing Director of EstVCA, noted that the organization was fortunate to have such a strong and diverse pool of candidates in this year’s board elections, reflecting the willingness of both established and next-generation industry players to contribute and push the industry ahead as the Estonian private capital ecosystem is entering a pivotal period. He added: “With this new board, we have the experience, drive, and diverse perspectives to take bold steps, both locally and internationally, to strengthen our industry’s impact and reach. I look forward to working with them to support our members and build new partnerships across borders.”
The newly elected 11-member board reflects a broad blend of VC and PE professionals, key LPs, and legal-sector leaders: Dag Ainsoo (Startup Wise Guys), Ene Õunmaa (Swedbank Investment Funds), Hendrik Reimand (2C Ventures), Kärt Siilats (Superangel), Kristel Raidla-Talur (COBALT Legal), Maarja Pärs (Livonia Partners), Mari Kuhi (SmartCap), Margus Uudam (Karma Ventures), Mart Maasik (Nordic Science Investments), Rando Rannus (Siena Secondary Fund), and Sigrid Lii Treialt (LHV Asset Management).
Read full announcement (external link)
Originally published on 21 Nov
Announcements are published as a service to readers. The sender is responsible for all content. Announcements for publication can be submitted to announcements@thehanseatic.com.
Estonia’s defence sector is making rounds even beyond Europe, and this week has demonstrated its digital capabilities at the World Defence Show in Riyadh. According to the official press release, the delegation members have secured three memoranda of understanding with regional and international partners.
The agreements, signed during the 13 February 2026 event, included partnerships between Threod Systems and Saudi Arabia’s First Shield, DefSecIntel Solutions and Oman’s The Armored Group, and Frankenburg Technologies and South Korea’s Hanwha. The deals cover autonomous systems, surveillance, counter-unmanned aircraft systems (counter-UAS), and digitally integrated defence technologies.
Read full announcement (external link)
Originally published on 13 Feb
Chambers & Partners has published the Chambers Global Guide 2026, once again recognising Ellex among the leading law firms in the Baltics in Corporate/Commercial and Dispute Resolution.
The 2026 results reflect the strength of Ellex as one integrated Baltic team, combining top-tier department rankings with broad individual recognition across Estonia, Latvia and Lithuania.
Read full announcement (external link)
Originally published on 13 Feb
On Sunday, 15 February 2026, the Polish Ministry of Foreign Affairs, which currently holds the Presidency of the Council of the Baltic Sea States (CBSS), and the CBSS Secretariat will jointly host a roundtable side event at this year’s Munich Security Conference (MSC 2026). The session will focus on countering hybrid threats in the Baltic Sea Region.
The session will be chaired by Dr Gustav Lindström, Director General of the CBSS Secretariat, and is due to include interventions from Mr Radosław Sikorski (Deputy Prime Minister and Minister of Foreign Affairs of Poland, and Chair of the CBSS), Ms Þorgerður Katrín Gunnarsdóttir (Minister for Foreign Affairs of Iceland), Mr Espen Barth Eide (Minister of Foreign Affairs of Norway), and Mr Martin Roger (Deputy Minister of Foreign Affairs of Estonia).
Read full announcement (external link)
Originally published on 13 Feb
Latvian space technology startup Deep Space Energy has raised €350,000 in pre-seed funding from two sources: firstly the local Outlast Fund and secondly from Linas Sargautis, co-founder of the Lithuanian space startup NanoAvionics (now Kongsberg NanoAvionics).
Space technology startup Deep Space Energy has raised €350,000 in pre-seed funding from two sources: firstly the local Outlast Fund and secondly from Linas Sargautis, co-founder of the Lithuanian space startup NanoAvionics (now Kongsberg NanoAvionics).
Read full announcement (external link)
Originally published on 13 Feb
NIB has agreed on a credit facility of up to EUR 50 million with SIA Rīgas ūdens to support a 2025–2028 investment programme for wastewater treatment and clean-water infrastructure. The aim is to improve service reliability and quality and to cut non-revenue water.
The total programme cost is EUR 235 million and is also co-financed by a EUR 70 million loan from the European Investment Bank, as well as funding raised through green bond issuances.
Read full announcement (external link)
Originally published on 12 Feb
Strong and durable collaboration between cultural actors and tourism stakeholders across Northern Sweden and Northern Finland could play an important role in strengthening regional development in the Bothnian Arc. This conclusion is presented in a new white paper produced within the ACCENT project, a cross-border collaboration between the University of Oulu, Luleå University of Technology, LTU Business, and the Oulu Culture Foundation.
The white paper, Opening pathways to sustainable cultural tourism in the North, presents evidence-based insights from the ACCENT project on how culture-led tourism can support sustainable regional development across Northern Sweden and Northern Finland.
Read full announcement (external link)
Originally published on 9 Feb
Students from technical schools in the Pomeranian region, specializing in renewable energy, have embarked on a unique educational journey into the offshore wind industry. Launched by Equinor and Polenergia, the “Setting the Course for Offshore” program opens the door for young people to the world of offshore wind – one of the fastest-growing sectors of the Polish economy.
The program is delivered in cooperation with partners: Pomeranian Employers, the Polish Offshore Wind Energy Chamber, Rumia Invest Park, and the Pomeranian Offshore Renewable Energy Competence Centre.
Read full announcement (external link)
Originally published on 9 Feb
Last week, Rail Baltica hosted a delegation from Port Polska during a working visit to Riga. Port Polska is a Polish state-owned special purpose vehicle (SPV) responsible for the delivery of a strategic national transport infrastructure programme with strong European added value and global impact.
The visit focused on knowledge exchange related to the delivery of large-scale European transport infrastructure projects. Discussions covered grant management under the Connecting Europe Facility (CEF), institutional capacity building, financing models, and the practical challenges associated with the implementation of complex cross-border rail projects.
Read full announcement (external link)
Originally published on 11 Feb
The Council of the Baltic Sea States (CBSS) invites proposals for projects focusing on strengthening security and resilience in the Baltic Sea Region under its Project Support Facility (PSF) 2026 call, which opens on 15 February 2026. Applications will be accepted until 31 March 2026.
The PSF 2026 call seeks innovative projects that foster understanding, cooperation, and mutual trust, contributing to a safer, more resilient, and sustainable region. Proposals should align with one of the CBSS’s three long-term priority areas, promoting sustainable partnerships and macro-regional cooperation.
Read full announcement (external link)
Originally published on 5 Feb
The Drone Technology Unit is designed to focus on R&D in unmanned aviation, communications, navigation, flight physics, and hardware security. It will consist of laboratories designed to validate and industrialise unmanned systems across the air, ground, and maritime domains.
The unit is part of the recently established Applied Research Centre in Estonia and is planned to become fully operational during summer 2027.
Read full announcement (external link)
Originally published on 6 Feb