Nordic XR Startups invests into startups with a strong connection to XR (VR/AR/MR) and are from Nordics, Baltics or Eastern Europe.
They invest mainly into companies where they can offer significant added value with their international mentor and investor network.
They are open for startups’ applications at any time. They organize batches but are open for discussions and investments on other times as well.
They often join the board as observers.
Doing sustainability and impact investing: mobility, food and agriculture, energy (renewable, efficiency, storage), water, waste etc. Looking for indications of repeat demand.
Looking for defensible market positions. Technology is not necessary, if the position of the company is otherwise strategically defensible.
Investing globally with a focus on Europe. Also investing actively in Africa and Asia.
Focus on B2B across all their funds.
Prefer to lead or co-invest. Prefer to take a board seat.
Sparkmind.vc is the first Nordic venture capital company focused on the learning sector. They invest in teams transforming early childhood, K12, higher, secondary and vocational education as well as corporate and lifelong learning. Their geographical home field is Europe, especially North Europe, but they also selectively do investments outside the region.
They often join the boards of their portfolio companies.
Nordic FoodTech invests, as the name implies, in food-related technology. Not brands, not production, but for example new production and packaging technologies.
Focusing more on B2B and B2G. B2C is possible, if the business model is practical to scale.
Open Circle is based in Lithuania and they have partners in Finland and Denmark. Most of their investments are in Lithuania, but they can invest anywhere in the European Economic Area.
Their ideal case is to co-invest or lead a round into a software company. This is the 3/5 year of their investment period and they look forward to making a couple more new investments. They’re stake size agnostic.
Their usual minimum ticket is 100ke. In exceptional cases they have done 50ke, and in very exceptional cases can consider even smaller tickets.
They prefer applying startups to contact the partner whose experience best matches their area.
Grid.vc invests into early-stage energy companies.
They’re often the first fund investor of a company and the only one on a round with angels and other non-institutional investors, leading the round. On later rounds they often co-invest with other funds.
They have a global mandate, but focus on investing into companies in the New Nordics and Germany.
Impact fund. Focuses on continental Nordics: Finland, Sweden, Norway, Denmark, with some emphasis also on Baltics. Prefers co-investing outside Sweden, but has also led rounds outside their home market.
Invests €0.5-1M on early stage companies. They exceptionally invest up to €2M initial tickets on later stage companies. Looking for a 5-10x return.
Open family office: network of family offices and angels. They do financial investments and prefer co-investing alongside existing investors.
They invest in solutions that customers like and have demand for. Solution doesn’t need to be technological, but it can be if lead investor has done technological due diligence.
Also offer loans for companies with any business types, including B2C.
They’ve invested €41M in four years.
Impact investment fund by a group of angels. FIIL = Finnish Impact Investment Limited (Vaikuttavuussijoitus in Finnish). Investments have to fulfill UN SDG (sustainable development goals) criteria.
All members are active angel investors, who see themselves more as co-founders than just financial investors.
Prefer companies with traction and product-market fit (or very close). Occasionally also do pre-revenue investments.
MVP with traction (seed): €50k-200k, rounds €50k-€400k. Valuations below €2M.
Pre-seed (idea testing stage) €5k-20k, rounds max. €50k.
When lead investing, they take board chairperson position. When co-investing, prefer board membership.