Scoro Raises $16 million to Take Work Management Software to Next Level
Scoro, an award-winning work management software for professional service businesses, has closed a $16.4 million Series B funding round led by Kennet Partners.
Ahead of Livonia Partners next fund
By far the most common question we get from investors going from first to second fund is what have we learned. A lot. We spent a lot of time together before launching our first fund to determine what investments we collectively like versus what does and does not work investing in the Baltic region.
Livonia 2019 ESG Report
We are thrilled to publish Livonia’s 2019 Environmental, Social & Governance Report discussing the impact our portfolio companies have on the environment and society. Today, we are celebrating the fact that all of our portfolio companies have made real and measurable advances in sustainability and governance.
Why we invested in Thermory
Thermory’s journey was one with multiple twists and turns. We initially invested in Ha Serv in February 2016 when it was a single-entrepreneur company in the wood processing sector, an industry with long traditions and multiple successes in the Baltics. Our original conviction was to invest in market leadership, strong cash flow and management talent.
Livonia Partners has signed an agreement to sell majority stake in Thermory to UG Investeeringud
Livonia Partners has signed a preliminary agreement to sell the majority ownership in Thermory AS, a global leader in thermowood production, to Estonian holding company UG Investeeringud.
Livonia continues partnership with the Stockholm School of Economics in Riga
To contribute to the availability of world-class business and economics education in the Baltics, and to raise awareness about the private equity industry among university students, Livonia Partners continues cooperation with Stockholm School of Economics in Riga.
Livonia Partners has reached an agreement to acquire Klaasimeister
Livonia Partners has reached an agreement to acquire Klaasimeister, an Estonia-based float and specialty glass processor specializing in providing insulated glass units and other glass products to complex facade projects.
Hortes to open its second gardening center in Tallinn
Livonia Partners’ portfolio company Hortes is set to open its second gardening centre in Tallinn on 2 November 2019. The purpose-built building is located in Tähesaju City, a commercial hub in the Eastern part of Tallinn and features 5,000m2 of retail area, doubling Hortes’ retail footprint in Tallinn.
Global leader in thermowood production Thermory acquired painted products specialist Siparila
The acquisition creates a group with more than €100 million in annual sales.
Fenestra acquires a factory in Finland
Livonia Partners portfolio company Fenestra Suomi has acquired assets of the bankrupt Finnish window manufacturer Domus. The purchase includes window and aluminium factories in Loimaa, closed since December 2018 after the previous owner filed for bankruptcy.
Livonia Partners acquires majority stake in leading window producer Fenestra
Livonia Partners has acquired 60 percent equity stake in Fenestra to support company’s fast growth in export markets. The acquisition has been approved by Estonian Competition Authorities.
Scoro, a business management software platform, closes €4.4 million funding round
Business management platform Scoro has closed a €4.4 million Series A round led by Livonia Partners with participation from existing investors Inventure and Tera Ventures.