Latitude59 Pitch Competition Winners Have Secured Total over €20 Million in Investments
Summary
Investments ranging from 175,000 to 250,000 will be made in Estonian green energy solutions developer MarkeDroid, Latvian construction startup Adventum Tech, and Lithuanian defense technology company Luna Robotics.The syndicated investments are provided by business angels from Estonia, Latvia, and Lithuania. MarkeDroid has secured backing from EstBAN a syndicate of angels contributing 175,000.EstBAN, LatBAN, and LitBAN will support the competition winners not only through investment but also by working closely with the founders to help drive the startups continued growth. The leaders of all three business angel networks agreed that this years collaboration sets an important precedent and lays the groundwork for future joint investments in the region with the shared goal of strengthening the Baltic startup ecosystems presence on the global stage.The Latitude59 Pitch Competition has established itself as a springboard for startups looking to scale their businesses. Watching them grow into global players is one of the most rewarding parts of what we do.MarkeDroid offers the worlds most adaptable AI-powered energy management, which works with any hardware. Unlike traditional consumption-focused approaches, MarkeDroids focus is on maximizing consumers return on investment into production and storage capabilities through spot price-driven electricity strategies.