This report tracks all the venture funding rounds of Baltic startups during the 18 months from January 2019 through June 2020, aggregating the data in six-monthly periods. Our definition of Baltic startups is not based on the location of the headquarters, but rather whether the founders are from one of the Baltic states and whether the company has active operations here (Transferwise and Vinted would be examples, to name but a few). This is unlike most other datasets that tie their data to the country where the companies are headquartered.

What differentiates the dataset most of all is that Change Ventures has gathered transaction data directly from Baltic founders. Over 100 startups trusted with their data, including the actual pre-money valuations of each funding round, the round mechanics in terms of investment instruments used, jurisdiction and monthly revenues at the time of closing and more. Given the sensitive nature of the data about each individual transaction, CV has promised founders to only publish aggregate market data. For pre-seed and seed rounds, they have valuation data for over 55% of the transactions, giving us very reliable data as to the market benchmarks and trends. If you have not seen it already, check out the report:

https://www.changeventures.com/baltic-startup-funding-report-2020