Invest in country: Luxembourg

SGS

SGS is a Swiss inspection company with worldwide operations. They seek startups to collaborate with and/or buy, which could help their inspection operations.

They’re especially interested in AI, machine vision, target recognition, IoT (e.g. humidity measurements), 3D mapping of bulk cargo, 3D modeling of buildings and construction sites, safety regulation management software – in general anything that helps make inspections faster, with lower manpower costs, and with more evidence of what was inspected.

Verge HealthTech Fund

Verge HealthTech Fund invests globally into startups building global next-generation health solutions. They seek health tech companies with commercial or at least clinical validation.

The fund’s partners are health tech founders and operators, with experience in building and scaling companies internationally.

As a global fund, they prefer to partner with local partners on investments, either as a lead or follow investor, but they have also made solo investments as well.

They typically seek a board or at least a board observer seat.

Health Founders

Health Founders is the first health tech accelerator in the Baltics, based in Estonia. Their digital-first acceleration program for early-stage startups focuses on helping health tech companies to grow sales, work with the regulatory framework, and everything health-specific about building a business. They seek non-invasive health tech companies with at least a demo version of their solution.

They run 1-2 batches per year, each ending with a demo day for investors and potential clients.

DYNAX Invest

DYNAX Invest is a angel syndicate from Bulgaria that focuses on supporting selected startups through investments, fundraising the rest of the funding round and advisory. They focus on European startups, and have done especially many investments in the CEE region.

They are industry-agnostic. Having a tech element is a plus, but not mandatory. They have a strong preference for startups with traction, either revenue or otherwise. In expectional cases, for example a deep tech startup, could be interesting also before traction.

Their team has extensive experience with M&A and investment banking, including fundraising.

They can help find a lead investor, but are not leading rounds themselves. They normally don’t seek a board seat.

Curiosity VC

Curiosity VC invests into AI/ML companies in the Nordics, Baltics and Benelux countries.

They are a community-driven fund, sharing a part of the carry with the companies they invest in.

They prefer companies to seek a runway of at least 18 months.

They have a group of LPs co-investing with them during follow-on investment rounds.

* AI = Artificial intelligence
* ML = Machine learning
* Carry = Carried interest = The profits a fund generates at the end of its cycle
* LP = Limited partner (investor in a fund)