The Baltic venture capital market will be united under a single flag

Submitted by latban.root on Tue, 08/30/2016 - 21:47

Pan-Baltic Private Equity and Venture Capital Association (Pan-Baltic VCA) was founded on August 25th at the meeting of the Estonian, Latvian and Lithuanian private equity and venture capital associations with the aim to develop an attractive and viable regional ecosystem of the venture capital for the fund managers and investors.

 

The teams of the Estonian, Latvian and Lithuanian private equity and risk capital associations will support the work of the Baltic Private Equity and Venture Capital Association. The Chairman of the Board of the Latvian Private Equity and Venture Capital Association, Edgars Pigoznis, said that establishment of the umbrella organization enables to share obligations, unify cooperation, and market the area as a whole.

 

Unique model

The Baltic Private Equity and Venture Capital Association is a unique form of cooperation since there are no such cross-region venture capital organizations in other parts of Europe. “The Baltic Innovation Fund is an example of successful cross-border cooperation. We need to further increase cooperation and bring small markets under one umbrella as otherwise the bigger countries have competitive advantage at involvement of private equity and venture capital,” he said.

 

Edgars Pigoznis mentioned that for the Baltic States, it is not practical to communicate with institutional investors outside the Baltic States, the business angels and venture capital companies separately. “The central marketing and management of relationships is reasonable and efficient from the point of view of all three states and all parties,” Pigoznis added.

 

Simplified cooperation

The created umbrella organization will also help to concentrate the organization of events and forums. “Global investors would rather participate in an event where they can get an overview of all the Baltic States and not only Latvia, Lithuania or Estonia separately. The Baltic Private Equity and Venture Capital Association will also collect, systematize, analyze and publish the sectorial data, which will be easier accessible to everyone in the industry,” said Pigoznis.

 

Latvian Private Equity and Venture Capital Association also trusts that establishment of the umbrella organization helps to coordinate cooperation regarding the development of lawmaking and regulations in the area of venture capital.

 

Learn more:

Egita Polanska

Executive Director, LVCA

egita@lvca.lv

+371 29140058

 

Laila Zilgalve

Project manager, LVCA

laila@lvca.lv

+371 26544649

LatBAN aktivitātes

In the current situation, of course, investors have become more cautious, but life does not stop...
Private investors or so-called business angels in five years have invested EUR 10.85 mln in Latvia's...
SEB Innovation centre, Savanoriu pr. 1, Vilnius 18.00-21.00 9th October Lithuanian Business Angel...
Mon 7th Oct 15:00 - 20:00 OP, Gebhardinaukio 1, Helsinki FiBAN Pitch Finland is the leading...
Wed 16th Oct 10:00 - 16:00 FiBAN Academy is a training program, which gives you a deeper insight on...
In Startup Safari Riga LatBAN will give a lecture. Anyone who thinking of do LatBAN is the right...
20.-22. septembris This hackathon's goal is to generate innovative business ideas within 48 hours...
Thu 12th Sep 11:30 - 17:00 Class Room, Maria 01, Maria 01, Lapinlahdenkatu 16, 00100 Helsinki. map...
Welcome You to LatBAN Investing session in 30ty August , 4pm o' clock, in iNOVUSS festival...
Welcome You to LatBAN Investing session in 28th February , 17.00 o' clock, in SEB Inovation center...

Nozares jaunumi

Aerones has raised $1.6M in seed funding to develop a ground-based robotics system for wind turbine...
Estonian startup woola wins TechChill 2020 pitch competition and receives the main prize. The lucky...
We organize annual business conferences that inspire leaders towards better leadership. And we’ve...
RIGA COMM is an annual IT and business event for entrepreneurs of service and manufacturing fields...
Join us in Oslo on September 23-27, 2019 to network and highlight sustainable solutions. #oiw2019...