Specialist VC invests into companies based in, or founders from the Baltics, Finland and Ukraine. They focus on B2B software companies, marketplaces, and software-enabled hardware companies. They have also invested in some B2C and hardware companies through their previous fund, United Angels VC.
The fund’s partners have built companies like Civitta and Fortumo, followed by a decade of angel investing. Their network also includes many advisors, including a scientific advisor in biotech.
For SaaS companies they seek initial traction, e.g. €10k MRR. For deep tech companies this is not as much of a requirement.
They often co-invest, occasionally also lead. They haven’t done any solo investments so far.
They have supported some portfolio companies through participating in their boards, but this has not been a requirement to invest.
They also do secondary investments, where early employees and investors sell some of their shares and receive the money to themselves, as opposed to the company issuing new shares.
Ticket size: €250k-€3,000k, maximum allocation with follow-on investments €3,500k per company