Turing Studio

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.

Baltic Sandbox

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.

Katalista Ventures

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.

 

Earth Capital

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.

EnergySpin

Fidiasz EVC

Interested in hardware and deep tech software. Solutions should be hard for competitors to copy, and if they are, it’s not a must that they’re technological. They prefer companies having customer validation and preferably revenue, but in exceptional cases can invest in a proof-of-concept stage as well.

Companies can be based anywhere, but have to have some operations in Eastern Europe, for example considering Poland as an important target market.

In most cases they only co-invest or lead invest. For startups related to construction industry and chemicals, a CVC investment is possible.

GFR Fund

Focusing on digital entertainment (esports, gaming) and consumer tech. Social media, fitness etc. work well. No hardware. Interested especially in infrastructure and new genres of games and other formats.

In business models main focus is on B2C, can do also B2B or B2B2C.

Geographically North America, Europe and Southeast Asia are their main focus areas.

 

Sparkmind

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.

Open Circle Capital

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.

Norrsken VC

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.