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Ten Estonian startups are on FIRSTPICK’s 2026 investor watchlist, as local companies raised €135M in the first half of the year.

Lithuanian AI startup Guideless has raised €1 million in pre-seed funding as it looks to rethink one of the less glamorous but persistent problems inside software-driven organizations: documenting how work actually gets done. The round was led by Superhero Capital, with participation from FIRSTPICK VC and angel investors Thomas Plantenga, Group CEO of Vinted; Vytautas Atkočaitis, CEO of Vinted Go; and Vinted co-founder Mantas Mikuckas. Founded by Evaldas Bieliūnas and Dovydas Remeika, Guideless is building an AI-powered platform that turns software workflows into narrated training guides and structured documentation. The company says it now has more than 3,000 users and paying customers across 15 markets, with its technology in use by teams at Vinted, Masan Consumer Holdings and the Nevada Hospital Association. The new capital will go toward product development, hiring and expansion across the United States, United Kingdom and Europe. Turning software activity into structured training Traditional software training frequently starts with someone recording their screen, explaining a process, editing the footage, adding captions and then repeating much of the work when the underlying software changes. Guideless takes a different approach. Rather than treating the workflow as a single video recording, its Chrome extension captures the actions a user...

Vilnius-based cybersecurity startup CBRX has raised €540k in pre-seed funding to further develop its cloud-based cybersecurity platform and expand across the European Union. The funding round included participation from venture capital fund Coinvest Capital, along with Scalewolf, Plug and Play Tech Centre, and Firstpick. CBRX helps managed service providers (MSPs) transition into managed security service providers (MSSPs) quickly and cost-effectively. Its AI-powered platform automates incident management, threat monitoring, analysis, and customer support, enabling IT service providers to offer cybersecurity services without significant upfront investment or large expert teams. “This investment round is especially important for us, as it allows us to accelerate what we already see as an inevitable shift in the market – traditional IT service providers (MSPs) are moving into the field of cybersecurity and becoming MSSPs,”

GREÏ, a Kaunas-based DeepTech startup, has raised €650k in pre-Seed to expand its AI-powered operational intelligence platform, which helps businesses with large physical sites detect risks and inefficiencies in real time. The funds, invested by the Baltic VC fund FIRSTPICK, will be used for product development, team expansion, and further rollout across European markets. Marking a significant turning point, as the startup moves from product development to real-world implementation. “Even with all the right hardware in place, companies often struggle to get a clear picture of their facility’s operational health,

Riga-based Handwave, a biometric startup founded in Latvia, has raised €3.6 million in Seed funding to launch its palm-based payment and identity platform in Europe and the US. The round includes backing from regional investors, led by Practica Capital, with support from FirstPick, Outlast Fund and Inovo.vc, and will fund product development, regulatory certifications, and live retail pilots. “We’re building the next evolution in everyday identity and payment experiences,” says Jānis Stirna, Co-founder of Handwave. “The checkout process in physical stores is still full of friction – digging for a wallet, opening apps, scanning loyalty cards or QR codes, verifying age while buying age-restricted items.

Psylink, a Vilnius-based startup focused on developing innovative treatments for people facing mental health challenges, raised over €500k in a pre-Seed investment round. The round was led by the VC fund Coinvest Capital, with Firstpick and BSV also participating, along with a syndicate of angel investors. “At Psylink, we’re developing science-based therapies inspired by nature to help those who haven’t benefited from conventional treatments. We’re proud to partner with investors who recognise the urgency and potential of this work. Our multidisciplinary team is united by a clear mission: to create safe, effective, and sustainable solutions for mental health, drawing on the rich diversity of bioactive compounds found in plants and fungi…

Vilnius-based fintech startup Copla has raised €6 million in Series A funding. This round helps European financial institutions prepare for new regulations. Iron Wolf Capital led the investment. The firm focuses on DeepTech, Defence, Security, Resilience, and AI. Operator Stack participated too. Existing backers joined, including Specialist VC, SuperHero Capital, FirstPick, NGL Ventures, and Loggerhead Partners. The funds will drive product expansion.

Madrid-based Algori, a purchase and behavioural data platform for the Fast-Moving Consumer Goods (FMCG) industry, has secured €3.6 million in additional growth funding. The round attracted new investors, including Red Bull Ventures, Tech Transfer Agrifood (Clave Capital), Co-Invest Capital, AttaPoll, and Firstpick, alongside existing backers Shilling, Flashpoint, and Change Ventures. This brings Algori’s total funding to…

CBRX, a Vilnius-based cybersecurity startup, has recently secured €540,000 in pre-seed funding. This financial boost comes from a successful funding round involving notable investors, including venture capital fund Coinvest Capital, Scalewolf, Plug and Play Tech Centre, and Firstpick. With this investment, CBRX aims to enhance its cloud-based cybersecurity platform and expand its operations throughout the European Union. Transitioning MSPs to MSSPs…

Vilnius-based Backoffice has raised a €150,000 investment from Baltic venture funds FIRSTPICK and Lost Astronaut to support its expansion into European

Vilnius-based WhiteBridge AI has raised €2.6 million in a seed round led by FIRSTPICK VC, with backing from First Degree, NGL.VC, Scalewolf.VC, BADideas.fund,

WhiteBridge AI, a Vilnius-based AI-powered people research platform specialising in deep personal insights, has raised a €2.6 million ($3 million) Seed

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Ukraine got its first defence unicorn!

This week, we tracked more than 60 tech funding deals worth over €1 billion and over 15 exits, M&A transactions, rumours, and related news stories across Europe.