PortfoLion is the investment arm of OTP banking group. They invest into software and marketplaces. Hardware is possible if the main value is in the software side.
They have a strong preference for B2B. B2C is also possible in especially strong cases. They prefer companies that can show some market response, especially in terms of revenue. Most of their investments are into companies with mature products, but they have invested in strong MVP cases as well.
Senovo invests into enterprise SaaS companies. Solutions can have hardware components, but the main value has to be on the software side. All client types except B2C are possible.
Their focus is primarily on supporting teams working in the areas of process optimization, industry 4.0 and data-enabled solutions. They seek companies they can help through their experience and network to grow in the US and internationally. They prefer companies with 10 fully paying clients and €30k MRR or other comparable proof of product-market fit.
They’ve been investing since 2013, having 25 companies in their portfolio, and are currently managing their second fund. Their team combines backgrounds in business, science and law. They prefer to invest lead or co-lead, but are willing to consider other follower or solo investments as well.
Lunar Ventures focuses on helping ambitious deep tech software startups succeed. Hardware is also possible, but significant value has to be in the software side. They invest in early stage teams with strong technological founders, and look for indication of ability to execute. Previous entrepreneurial experience is a plus but not a requirement.
They’re well versed with algorithms, AI, machine learning, blockchain and other areas of software deep tech. Their three core partners have backgrounds in software engineering, mathematics, algorithmics and related product strategy and business roles.
Most of their investments are into companies with a valuation in the low single digit millions. They typically lead or co-lead an investment syndicate, but have done solo investments as well.
EIT InnoEnergy is a multi-LP fund focusing on energy-related startups in Europe. They have excellent connections, and know the public sector especially thoroughly.
Prefer B2C but others are also interesting. They prefer co-investing but also invest solo.
EIT Innoenergy is a Pan European investor in the cleantech ecosystem. With a strong focus on impact technologies, aiming to empower citizens, provide access to clean(er) energy, and encourage international cooperation. Thematic tracks include renewables, mobility, battery, hydrogen, storage, smart cities, energy efficiency, smart grid, circular economy. A worldwide reach with offices in Poland (responsible for the geographical region ranging from Estonia to Turkey), Germany, Sweden, the Netherlands, Spain, Portugal, and the U.S.
Our aim is to support sustainable energy innovations that provide the industry with derisked solutions. These innovative companies reduce energy costs, increase system performance and competitiveness, while decreasing greenhouse gas (GHG) emissions, and creating jobs.
The Blue Minds Group focuses on innovative solutions to transform our energy system and industrial value chains. They build innovative companies, invest in promising tech teams and help industry create new skills, promote talents, and develop business models for the digital age.
They invest in very early stage.
They also help companies expand into the German-speaking market (DACH countries).
Tehnopol Startup Incubator is located in Tallinn, Estonia. Applications are open all through the year, selection process and intake are in batches around the year.
Current focus areas are health tech, space tech, B2B ICT, greentech and smart cities. Startups from other areas are also welcome.
Most of their participating companies are B2B or B2C. They also have a separate program focused on the needs of B2G startups, which they’re happy to tell more about.
Participating teams have to have or establish a company in Estonia (takes 15 minutes) within a month of joining the program.
Sunbo Angel Partners represents 17 Korean LPs and 120 SMEs, investing into research-based early stage B2B companies globally.
Nordic Startup School accelerates startups and invests into the best ones.
They do two batches per year. Spring batch application period is in Jan-Feb, and program start is in Feb-March. Autumn batch application Aug-Sep, and program start is around the end of September. Program length is three months, but they support the best ones for 9 + 12 months more for a total of 2 years.
They’re interested in startups from all areas, but generally not from health and education sectors.
Fazer is looking for food tech startups who focus on food (the substance), raw materials and food production process technologies.
For example solutions that help in berry or cocoa availability around the year would be interesting.
They’re interested especially in commercial cooperation, and also willing to invest in a few select startups.
Startup introductions can be sent to Jussi Loponen: https://www.linkedin.com/in/zloponen/. Please include an introductory text in the connection request.
Change Ventures invests into startups in the Baltics, or with Baltic founders on their teams.