Spintop Ventures does not invest in casinos, weapons or similar products.
Invest in country: Norway
OpenOcean invests into digital data-intensive solutions with significant indications of ability to sell and scale. B2B is a big plus, other business models are possible with very strong traction.
They have invested in open source solutions such as MySQL, MariaDB and RapidMiner. Other areas of especial interest include AI/ML, application-driven infrastructure and development tools, marketing technology, and automation and recommendation engines.
They look for cases that have a ready product + early revenue, a proven product-market fit. Typically they like to see companies already have €50k MRR (€500k/year recurring revenue).
They require a board seat as a condition of investing. They’re often the lead investor of a round.
Vendep focuses on corporate software and has a preference for a SaaS business model. They require companies to have at least €100k/year recurring revenue from a big marketplace outside the Nordic countries.
Butterfly Ventures is a Finnish early stage deeptech hardware investor. In cases that are software-focused, they have to have a hardware angle, such as driving increased hardware sales.
On a rare occasion they invest in the idea stage.
Their sweet spot is €100k for very early stage companies and €300-500k for early (seed) stage ones.