According to a recent article in Bloomberg, there’s a new investor in town in the Baltics. Newly announced Livonia Partners is still being registered (they still don’t seem to have a website), but says it already has significant commitments for its €85 million fund. The firm plans to invest in eight to 12 companies in the next five years, starting as soon as the first half of 2014.
The investment company partly owned by LHV Bank, and much of the team is coming from LHV Capital. Looking at their past investments, which include event ticket distribution, physical and digital records storage, and medical services, this won’t transfer its full €85 million directly into the types of sexy digital companies we like to cover. Despite that, more funds and competition over companies is a development the region could use.