Karma Ventures partnership with SpectX leads to exit to Dynatrace
Ellex in Estonia advised European deep-tech fund Karma Ventures on the sale of high-speed parsing and query analytics company SpectX to software intelligence company Dynatrace.
Karma.vc exits yet another deep tech company that is based in the Nordic-Baltic region. World-leading education systems, a very favourable investment climate, and Europe’s most intense startup scene are producing new global technology leaders, supporting Europe’s rise on the deep tech scene.
„We are honoured to be part of the SpectX success story. Their best-in-class powerful parsing and query analytics technology is a great example of Karma’s investment thesis for European deep tech. Working together with the team and its co-founder Renee Trisberg has been truly exciting and mutually rewarding,“ said Margus Uudam, Karma.vc founding partner.
The Ellex team in Estonia who advised Karma Ventures I SICAV-SIF and its founders included Partner Ermo Kosk, Senior Associate Sandra Värk, Counsel Dmitri Rozenblat, Senior Associate Hanna Pahk and Associate Merlin Liis-Toomela.
Karma Ventures is a venture capital firm focused on investing in European early stage start-up‘s that develop unique technologies and demonstrate proven customer traction. It has completed 16 investments since the launch of its first fund in 2016 and the team’s track record includes taking more than 20 companies to successful exits. Karma Ventures’ first fund from which SpectX investment was made is backed among others by Baltic Innovation Fund (BIF) – an initiative created by cooperation between the Republic of Estonia, the Republic of Latvia, the Republic of Lithuania and European Investment Fund.