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.
InvestClub is a front office for a group of investors who invest in startups vetted by the managers. Angel members typically invest €10-100k, fund members €100-500k, and later stage funds €1-5M.
They have members from all over the world: US, Germany, India, Russia, Belarus, UK, Netherlands.
They are only interested in software and marketplace startups targeting B2C or B2B2C. No B2B, B2G or blockchain.
Tech Consulting Group TCG is a small team of Finnish serial entrepreneurs with a strong experience in growth, internationalization and digitalization. Team has deep roots in both tech and business side. They’re the founders behind companies like Eficode and ePassi.
They seek cases where they can actively participate in to help the company grow and internationalize. They seek a board seat.
Generalist co-investment fund from Lithuania. They invest alongside three or more angels or VC funds that are not backed by public money. They consider all business sectors, however the fund wouldn’t invest into weapons or vices (cigarettes, gambling etc.).
They can fund up to 70% of a total investment round. They cap their return at 6% annually during the investment period, with the excess shared among other investors of the syndicate. The investments must benefit Lithuania, e.g. companies need to have or open an office and hire employees in Lithuania.
LitCapital is focusing on funding small cap growth companies with proven traction and a scalable solution. They prefer B2B companies, but are interested in especially strong B2C or B2G cases as well. Their home market is Lithuania, and they’re also looking at companies from nearby EEA markets. A connection with Lithuania is a plus.
Most often they are the lead investor of a round. They seek a stake of 20% or more and will actively participate on the board level in growing the company.
Practica Capital is a Lithuanian fund investing especially into early-stage companies, focusing especially on tech companies in the Baltics. They also invest into companies in some nearby areas or with Baltic founders elsewhere in Europe.
They have an especial liking for marketplaces, SaaS, space tech, mobility, fintech, big data, AI, and interdisciplinary life science startups, including health tech and biotech. Drug discovery and other solutions with very long development time spans are out of their focus. They prefer tech solutions but are also interested in especially strong non-tech solutions as well. Idea stage companies are only interesting with founding teams that include serial entrepreneurs.
They are an active investor, helping the deals happen by getting the rest of the needed investors on board.
They have invested in more than 50 companies, leading to more than 20 exits.
If they lead the investment they often take a board seat, especially in fields where their experience is helpful.
Aria Fund is a generalist multi-family office, looking to invest €1-5M tickets into companies with proven ability to sell.
They prefer technological hardware and software B2B and B2C solutions, but are interested in looking at marketplaces, non-tech, or B2G solutions in especially strong cases.
They have often been the lead investor, but are interested in co-investment and solo investment opportunities as well.
Marubeni Corporation is one of the oldest ones in Japan with over 160 years of history. Their CVC arm is looking to co-invest €0.5M – 3M tickets into companies raising rounds of €3 – 50M. They look for scalable business models, and have invested into software, ecommerce, marketplaces, among others.
They are interested in smart city infrastructure (energy, EV charging etc.) and digital solutions (cyber security, entertainment, commerce, but not specializing in communication software).