Livonia invests in Telema to help further company's growth

May 2024

Livonia Partners has invested in Telema, a regional leader in the electronic data interchange market. The investments helps the company transform to a new form of ownership and advance its already impressive product suite. 

Telema today has more than 30 employees across offices in Tallinn, Riga and Vilnius. Digital processes and digital document volumes continue to grow within large and small companies across Europe. Further government mandates will support that growth in the next decade. Telema provides by far the biggest and most reliable service to customers in the Baltics, processing nearly 25 million documents annually.

„Having an institutional shareholder on board brings us a wealth of knowledge and best practices that will make us even stronger", commented Hele Hammer, founder and CEO of Telema. „With Livonia Partners by our side, we are poised to leverage their strategic insights and financial support to accelerate our expansion plans and enhance our offerings even further. This partnership not only underpins our commitment to delivering superior customer experience but also reinforces our market leadership in the Baltics“.

Kaido Veske, partner at Livonia Partners added „We have been impressed with the organisation Hele Hammer has built and the strength of Telema’s customer base. We are thus very excited to partner with Hele to support her vision for growth. Digitalisation remains a core investment theme at Livonia with more than half of our second fund seven investments made towards technology products and services.“

The transaction is pending Estonian Competition Council approval and is anticipated to conclude in June 2024.

About Telema:

Telema is the leading EDI and e-invoicing operator in the Baltics, offering IT solutions for automated data flow in the supply chain. Telema transfers, converts, monitors and processes electronic trade documents such as orders, invoices, delivery notes and other commercial documents. There are over 5500 shops and over 1500 suppliers using Telema EDI network. Annually more than 25 million documents are exchanged. Majority of Telema clients are from the Baltic States, but also from Sweden, Finland, Poland, Denmark, Germany, Japan and Australia, altogether from 68 countries.

About Livonia Partners:

Livonia Partners is a pan-Baltic private equity investment firm. Currently investing from EUR 157 million Fund II, Livonia team works across Estonia, Latvia, and Lithuania. Other recent investments in Estonia include Stebby (the largest pan-Baltic employee wellness benefit platform), Bestair (heat pump and green home climate solutions provider), and Wildix (unified  communication solutions provider). Fund investors are Baltic and Nordic pension funds, including Swedbank, the European Bank for Reconstruction and Development, the European Investment Fund (EIF) and others.

For additional information:

Kaido Veske 

Livonia Partners 

Tel: +372 52 02 022

Hele Hammer


Tel: +372 529 5480