They do VC tickets of €100k-500k, and growth tickets €200k-5M. They invest only in software with an emphasis on B2B and deep tech. Traction and sales are required, preference for over €500k ARR.
Preferred contact point is contact@mmgp.fi.
Business type: B2B
Accelerator with ongoing applications. Programs start in batches. Currently everything online, but they plan to resume physical participation programs later.
Requirements: Deep tech. Significant understanding behind tech. Team of founders have to include at least one scientist and one entrepreneur. Have to be from EEA or UK or Switzerland or willing to move to Latvia. Have to establish a company in Latvia for the acceleration program.
Annual acceleration fund and program for sustainable ventures.
Companies have to be UK tax registered. Investment tickets and mentioned sizes here are in British pounds.
Prefer B2B, certain B2C niches are also interesting. Prefer cases with over €15k monthly revenue.
Only co-invest in rounds that already have a lead investor. Majority of deals (70%) from Nordics and Baltics, especially Finland, Sweden, Estonia and Lithuania so far. 15% from Central and Eastern Europe and 15% elsewhere from the world.
Does not invest in mobile gaming or hardware. Hardware-enabled software is interesting.
Fundraising, branding, design and business development consulting. Helping clients with development projects around the globe.
Does not organize clinical trials, but they do user research and interviews and help with all business areas.
Ongoing acceleration program, can apply at any time.
Startups have to have a legal entity in EU or willing to open it and relocate, and target market also in the EU for the first three years.
No gaming, gambling, or very sophisticated scientific products that require domain expertise to support.
Hybrid accelerator / fund. Looking at triple top line benefit: people, planet, profit.
Prefer B2B and software. Others are possible in especially strong cases.
Active investor. Putting time into each company. Comfortable with minority stakes. Prefer to co-invest.
Focus on B2B, especially light-touch sales model SaaS for SMEs. B2C, B2B to large enterprises and B2G are also possible in strong cases.
Geographically focus is on CEE, but elsewhere in EU is also possible. Non-EU companies are investable if they establish an office in EU.
Focus on software and valuations below €20M, but occasionally invests in hardware, or especially strong cases with higher valuations.
Active investor. Normally doesn’t take a board seat.
Presto Ventures is a Czech family office. They prefer B2B companies, but can also invest in B2C with good unit economics.
Family office of Skoda transportation company’s ex-owner. Heavy machinery is a special expertise area. Fund preference is for not too capital-intensive companies.
GrayBella Capital is a pan-European venture capital fund investing in healthcare and complex technology fast growth companies. They invest €2-7M in trenches and welcome other investors on board.
Their goal is to help companies scale internationally while keeping core operations locally in their primary market.
They have a preference for B2B. Their especial focus is on bioinformatics, genomics and other areas where health meets IT. Clinical trials are out of their scope.