Luna Robotics Keeps Winning — Among Latitude59’s Top Startups

The grand prize of the Latitude59 Pitch Competition at the international startup and technology conference Latitude59, held in Tallinn, was shared between three startups. Investments ranging from €175,000 to €250,000 will be made in ROCKIT Pre-accelerator Batch #3 winner Lithuanian defense technology company Luna Robotics, Estonian green energy solutions developer MarkeDroid and Latvian construction startup Adventum Tech.

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. As Roberta Rudokienė, Managing Director at LitBAN, has said: “We’re proud to see Luna Robotics among the winners and thrilled that all three Baltic angel networks joined forces this year — it’s a powerful step in helping our startups grow and compete globally. We warmly congratulate Adventum Tech and MarkeDroid as well — the whole region wins when we lift each other up. We hope angels from all three BANs will join these investments and continue building cross-border success stories together.”