RASK advises Eurora Solutions in closing $40 million – one of the largest Estonian Series A rounds.


RASK partner Timo Kullerkupp advised Eurora, the developer of a truly innovative cross-border compliance platform, in one of the largest series A financing rounds in Estonian history. The aspiring startup raised USD 40M from Amsterdam-based Connected Capital and existing shareholders, including Change Ventures, Equity United and Eurora’s founder Marko Lastik.

This funding is a pillar that will support Eurora’s ambitious expansion in new promising markets, develop the product, and potential acquisitions stategy to build the future of cross-border trade compliance.

Eurora Solutions OÜ is a tech company, offering an AI-based platform that automates EU e-commerce shipping compliance and providing critical services to global logistics providers, postal operators, and eCommerce sellers. The startup’s proprietary AI/ML-based platform automates tax, compliance and customs services. It assigns e-commerce products an appropriate HS code, calculates the applicable VAT and duty amounts, and automatically creates electronic declarations for EU duties and taxes via simple API integration.