Lendurai Secures EUR 5.5 Million Investment Round with TGS Baltic's Guidance

Lendurai, an Estonian startup focusing on autonomous drone technology, has successfully raised EUR 5.5 million in an investment round. This funding round was led by Expeditions Fund, HCVC, and Vsquared Ventures. TGS Baltic served as the legal adviser for Lendurai, while Ellex provided legal counsel to the investors. Lendurai is working on drones that can operate in environments where GPS signals may be jammed, offering a strategic advantage for European defense and industrial sectors. The TGS Baltic advisory team included specialists such as Partner Kadri Kallas, Associate Partner Indrek Ergma, and others. The Ellex advisory team featured Partner Antti Perli and several other counsel members.