Summer has ended with another great investment for Capitalia Co-Investment Fund - the fund has concluded an investment deal with an Estonian startup Xolo OÜ in the amount of EUR 150,000. The lead investor for this investment round was Karma Ventures and this is the 10th investment for Capitalia’s Co-Investment Fund which was founded in autumn of 2021.
Capitalia invests EUR 150,000 in a Danish start-up Scratcher together with a Finnish venture capital fund Innovestor. Scratcher.io is a marketing company, which uses gamification elements to turn the industry upside down.
Capitalia invests EUR 150,000 in a Lithuanian startup Aispeco in its seed financing round led by a Finnish venture capital fund Superhero Capital.
Recently inflation has become the most relevant economic issue of the world. Last December the inflation level in Latvia reached a record-high level of 7.9%. Such an inflation increase is the consequence of both the large money amount that has been introduced in the economy to fight with the impacts of the pandemic, and the global delivery delays. In circumstances when money quickly loses it value, it is important to act so that the investment returns grow at least at the inflation rate.
Capitalia invests EUR 300,000 in a Swedish startup Favro and joins a group of investors in the SEED round led by Practica Capital. Favro is a work platform for collaborative planning that has attracted significant traction from leading companies around the world.
In May 2022, Capitalia investment fund Co-Investment Fund purchased shares of Estonian unicorn Bolt in the total amount of EUR 300,000, that way becoming the first fund in Latvia to invest in this company.
Capitalia received the award for the most environmentally friendly investment of 2021 in Latvia. The recognition was awarded for the investment in Aerones - a fast-growing startup based in Latvia that manufactures drones for wind turbine maintenance.
Last year, Capitalia issued more than 20 million euros of debt financing to more than 200 businesses in the Baltic States. For the third year in a row, more than half of funding was allocated to Latvian companies, while Lithuania and Estonia share the remaining part equally. To increase the attraction of funding for companies in the Baltic states, Capitalia has launched two alternative investment funds and made its first venture capital investments.
Capitalia has invested EUR 250 thousand in an engineering simulation and modeling startup Cenos. In this financing round led by Startup Wise Guys, in total, the Latvian-based company raised EUR 1 million.
In 2021 Capitalia reported turnover of EUR 1.19 million and profit of EUR 174 thousand. The Company reported a very strong financial results in the last quarter of the year because of very high interest in business financing. In addition, as an important milestone, Capitalia raised another alternative investment fund in this period, a feeder fund for Change Ventures.