Livonia Partners invests in Telema to boost the company’s growth

The largest pan-Baltic investment firm Livonia Partners has invested in Telema, a regional company working in the electronic data interchange market. The investments will help the company transform to a new form of ownership and advance its products. The amount of the deal is undisclosed.

About Telema

  • Telema is an 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.
  • Over 5500 shops and 1500 suppliers from the Baltic States, but also from Sweden, Finland, Poland, Denmark, Germany, Japan and Australia, altogether from 68 countries, use Telema EDI network. Annually more than 25 million documents are exchanged. Now, Telema has more than 30 employees across offices in Tallinn, Riga, and Vilnius.

Livonia Partners leads the fresh round

  • Livonia Partners is a pan-Baltic private equity investment firm. In September 2022, Livonia Partners raised €157 million for its Fund II. Livonia team works across Estonia, Latvia, and Lithuania.
  • Among its recent investments in Estonia include Stebby, the largest pan-Baltic employee wellness benefit platform, Bestair, a heat pump and green home climate solutions provider, and Wildix, an unified communication solutions provider. The fund’s LPs are Baltic and Nordic pension funds, including Swedbank, the European Bank for Reconstruction and Development, the European Investment Fund (EIF), and others.

Having an institutional shareholder on board brings us a wealth of knowledge and best practices that will make us even stronger. 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,

Hele Hammer, founder and CEO of Telema, commented.

The transaction is pending Estonian Competition Council approval and is anticipated to conclude in June 2024. Unfortunately, the exact amount of the deal is undisclosed. However, according to Pitchbook, all the previous investments in Telema amount to around $157 million.