Latitude59 Pitch Competition Winners Have Secured Total over €20 Million in Investments

At the international startup conference Latitude59 held in Tallinn, the 2025 victory was shared by three companies. 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. Each country’s angel investor network — EstBAN, LatBAN, and LitBAN — will take the lead in supporting the further development of one startup and managing the investment, while also participating in each other’s syndicates.

Luna Robotics will receive investment led by LitBAN, with contributions up to €250,000. ⁠Adventum Tech is supported by a syndicate led by LatBAN, with angel investors contributing €250,000. ⁠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 year’s 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 ecosystem’s presence on the global stage.

The Latitude59 Pitch Competition has established itself as a springboard for startups looking to scale their businesses. For many founders, winning the competition has been a defining milestone, opening doors to new investors, partners, and markets. Even reaching the finals has proven to be a game-changer, helping startups gain visibility and connections to accelerate their growth.

Over the past three years, Latitude59 Pitch Competition winners have collectively raised more than €20 million in investments, reinforcing Latitude59’s position as one of the most influential startup launch platforms in the Baltics and the New Nordics.

Latitude59 CEO Liisi Org highlighted the consistent quality of startup talent the competition attracts year after year. “Latitude59 not only connects but also empowers local initiatives to scale globally,” said Org. “I’m incredibly proud of our winners. Watching them grow into global players is one of the most rewarding parts of what we do.”

MarkeDroid offers the world’s most adaptable AI-powered energy management, which works with any hardware. Unlike traditional consumption-focused approaches, MarkeDroid’s focus is on maximizing consumer’s return on investment into production and storage capabilities through spot price-driven electricity strategies. By identifying the best price to either buy, sell or store energy based on an hourly stock market price, the weather and your energy consumption habits, MarkeDroid can assist consumer to earn extra all year round.