Livonia Partners
VC Fund
Riga, Latvia
Livonia Partners is a private equity team investing in Baltic businesses primarily in technology and manufacturing, and retail sectors. With AUM exceeding EUR 100 million, the fund is managed by a highly-experienced and multi-disciplinary operational team located across the Baltic region. The team has an extensive business-building experience inthe Baltic countries and in wider Europe and America in sectors such as IT&T, banking, retail, business services, renewable energy, logistics. Livonia Partners has offices in Tallinn, Riga and Vilnius.
- Total investments:
- 9
- Last investment:
- Lead investor:
- 56%
- Fund size:
- $184M
- Last fund:
Last updated:
For AI agents: llms.txt
Industries Livonia Partners invests in
Stages Livonia Partners invests in
Countries Livonia Partners invests in
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Kaido Veske
|
|||
Ernests Bordans
|
|||
Kristine Berzina
|
|||
Mindaugas Rapolas
|
|||
Mindaugas Utkevičius
|
Investment Focus
Industry
- Manufacturing 2 (22%)
- TV 1 (11%)
- SaaS 1 (11%)
- Sales 1 (11%)
- Events 1 (11%)
Stage
- Private Equity 5 (56%)
- Series A 1 (11%)
- Series B 1 (11%)
- Funding Round 1 (11%)
Country
- Estonia 3 (33%)
- Lithuania 3 (33%)
- United Kingdom 1 (11%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
|
Kaido Veske
FOUNDER
|
FOUNDER | Total investments: 3 | Find email | |
|
Ernests Bordans
Associate, Interim CFO
|
Associate, Interim CFO | Total investments: 0 | Find email | |
|
Kristine Berzina
co-founded
|
co-founded | Total investments: 0 | Find email | |
|
Mindaugas Rapolas
Partner
|
Partner | Total investments: 0 | Find email | |
|
Mindaugas Utkevičius
Founding Partner
|
Founding Partner | Total investments: 0 | Find email | |
| See all 7 team members → | ||||
Investments
| Company | Description | Round | Links |
|---|---|---|---|
Telema
|
Telema is the leading EDI and e-invoicing operator in the Baltic States, offering IT solutions. | Private Equity / May 07, 2024 | |
Bagfactory
|
Bagfactory develops long-lasting, reusable non-woven R-PP, R-PET, and paper bags from recycled materials that are also easily collected and recycled at the end of their useful lives. | Apr 18, 2023 | |
Scoro
|
Scoro is the most comprehensive business management solution for creative and professional services. It helps to streamline work and eliminate routine tasks to ensure business runs as smoothly and efficiently as possible – from sales right through to billing. | $16.4M / Series B / Mar 09, 2021 | |
|
Scoro
|
Scoro is the most comprehensive business management solution for creative and professional services. It helps to streamline work and eliminate routine tasks to ensure business runs as smoothly and efficiently as possible – from sales right through to billing. | $16.4M / Series B / Mar 09, 2021 | |
|
Scoro
|
Scoro is the most comprehensive business management solution for creative and professional services. It helps to streamline work and eliminate routine tasks to ensure business runs as smoothly and efficiently as possible – from sales right through to billing. | $5.2M / Series A / Nov 01, 2018 | |
Freor
|
Freor is a Lithuania-based producer of commercial refrigeration equipment, its products are used predominantly in supermarkets. The company operates from offices in Lithuania, and subsidiaries in Belarus and Russia. Clients hail from the Baltics, eastern and western Europe. | Private Equity / Aug 08, 2018 | |
Cgates
|
Cgates is largest independent pay TV and internet service provider. It provides digital and interactive television, fibre-optic broadband internet and fixed telephony to subscribers across the country. The company was founded in 1991 and has developed into a leading telecom operator via numerous acquisitions and organic growth. Investor consortiumled by Livonia Partners acquired a significant minority stake in September 2017 to support growth of the company and further network and technology upgrades. | Private Equity / Jun 27, 2017 | |
Baltic Ticket Holdings AS
|
BTH covers the Baltics (7 mln people) and Belarus with one network. The company entered business in 1997 in Estonia (with the population of 1,3 million) under the trademark Piletilevi with selling tickets to Michael Jackson’s concert. Latvian (with the population of 2,22 million) ticketing network Bilesu Serviss started in 2000 and after mergingunder Baltic Ticket Holdings, business was opened in Lithuania (with the population of 3,35 million) in 2008. In 2010 ticket business was started in Belarus (appr 9 million people). BTH manages the ticketsales portals with web-shops (monthly total of about 600,000 visits) in the four countries and 400 sales points across the Baltics. All services are managed with in-house on-line ticketing system (created 2001 and developed continuously), which allows BTH to service the largest events in the area: Metallica 2006 (ca 80 000 tickets), Estonian Dance and Song festival 2009 - 140 000 tickets, Ice Hockey Championships RIGA 2006 - 60 000 tickets, etc. BTH sells the biggest amount of events in the Baltics and Belarus. Our ticketing program and additional applications follow the newest technological developments and help to manage easily different types of events and event organisers. Baltic Ticket Holdings AS companies: Estonia - Piletilevi AS, www.piletilevi.ee Latvia - Bilesu Serviss SIA, www.bilesuserviss.lv Lithuania - BilietuPasaulis.lt, www.bilietupasaulis.lt Belarus - Bileti.by | Private Equity / Jan 01, 2007 | |
Qvalitas
|
Qvalitas Medical Centre is a private medical centre that offers professional general and specialist service. It provides services according to the waiting list and in the volume pursuant to the contract with the Estonian Health Insurance Fund. It also offers appointment with extra charge for medical service outside waiting list, without healthinsurance or without the required referral.The company strives to create new and innovative healthcare services, such as health audit and various health packages, according to the wishes and needs of customers.Qvalitas Medical Centre was founded on 1996 and is based in Tallinn, Estonia. | Private Equity / Jan 01, 2005 |
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FAQ
What does Livonia Partners invest in?
Livonia Partners invests primarily in Manufacturing, TV and SaaS startups, most often at Private Equity and Series A stage. Most of the 9 investments tracked by Shizune back companies in Estonia. The Investment Focus section breaks down every industry, stage and country in the portfolio.
How do I contact Livonia Partners?
Public channels for Livonia Partners include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at Livonia Partners?
The team at Livonia Partners includes Kaido Veske (FOUNDER), Ernests Bordans (Associate, Interim CFO) and Kristine Berzina (co-founded), among 7 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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