Latitude59 and Estonian Business Angels Network Pitching Competition winners got €400K investment
Estonia’s flagship startup and tech conference Latitude59 and Estonian Business Angels Network awarded Adact and ATOM Mobility as the best early-stage companies and both received an investment of 200,000 euros. […]

ARTICLE POSTED

28 Aug, 2020

Estonia’s flagship startup and tech conference Latitude59 and Estonian Business Angels Network awarded Adact and ATOM Mobility as the best early-stage companies and both received an investment of 200,000 euros.

Latitude59 was held on August 27 and 28 in Tallinn. The conference focused on the topic of social responsibility and the various challenges of start-ups in times of crisis.

EstBAN’s investment of  two times 200,000 euros went to early-stage startups Adact from Estonia and ATOM Mobility from Latvia. Adact enables agencies to create online interactive marketing campaigns without writing a single line of code. ATOM Mobility is an all-in-one solution for shared mobility helping entrepreneurs to launch their own vehicle sharing platforms in 20 days. 

According to Kristjan Raude, the lead investor and Member of the Board of EstBAN, the winners were selected out of 250 companies. “It was definitely not an easy task – we went through a ton of company profiles, 50 video presentations, investor meetings and hours of interviews with the finalists. As a result, we selected two best early-stage start-ups and we’ll invest a total of 400,000 euros,” said Raude.

Anu Oks, CEO of the Estonian Business Angels Network EstBAN stated that the crisis in Estonia and around the world didn’t seem to affect the investment interest of investors. She added that the sum of the investment rounds of both winning companies was gathered without much effort. This shows that both investors and startups are doing well despite the situation.

Read more articles

How to fundraise – summer viewing for current and future founders

How to fundraise – summer viewing for current and future founders

During the New Nordic Leads investment training programme, there were a bunch of video tutorials made for early stage startups and those interested in startup funding, to cover all things related to fundraising. So to keep you comfortably busy (but not too much,...

EstBAN members’ season ending

EstBAN members’ season ending

On June 15th EstBAN we celebrated the end of the 1st half of 2022 and summarized the season in Cafe Opera. EstBAN has never been so active, with so many members, partners and activities. There are 260+ members, some more active at a given moment than others, as well...

New Nordic Leads wraps up with a cross-border BBQ

New Nordic Leads wraps up with a cross-border BBQ

After 2 years of educating startups and networking between angels, unfortunately mostly via zoom, about a 100 of us – startups and investors set to meet up in person in Helsinki for an international BBQ. We had a great time with all the angels and companies who were...

Share This