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.
Spring Capital manages two funds: a small cap growth fund with €300k – 700k tickets, and a startup fund with €50k – 200k tickets on rounds of €300k – 1M, with a maximum total allocation of €450k into one very successful company over the lifetime. The growth fund can invest up to €1M into a company altogether.
The growth fund is focused on making solo investments into profitable companies, occasionally also co-investing on rounds of up to €2M. The startup fund makes co-investments into startups with traction, typically with €5-20k/mo in revenues, seeking to become profitable later.
The startup fund invests into software and marketplaces, and the growth fund into hardware and traditional manufacturing SMEs. They prefer applied technological solutions instead of very deep tech, but in the growth fund they also look into non-tech cases.
In their growth fund, Spring Capital is looking for innovators of traditional fields. The startup fund specializes in SaaS and marketplace solutions.
Vitosha Venture Partners invests into startups that have a connection with Bulgaria, or willing to establish one. For example a sales team’s office or a development unit.
They do not invest into gambling or similar types of startups.
Startup Lions / Whitecoach invest into very early stage Finnish startups and helps them get more funding from banks, the state and other investors. They’re often the first investor, who helps the company get the business and further investments going.
Sector-wise they’re not investing into games, pharma or other very capital-intensive areas, but almost everything else is interesting for them.
Startup Lions and Whitecoach are two separate investment companies who share many key people and operating models. They seek a 10-50% ownership stake and board chairperson position in the companies they invest in.
Kiilto Ventures is the family office of Kiilto Group. Kiilto develops, manufactures and markets chemical industry solutions in four business areas: construction, industrial bonding and hygiene solutions, professional cleanliness and hygiene, and consumer business. Kiilto Ventures is seeking B2B and B2G companies disrupting and innovating the way things are done in these sectors.
They prefer to invest into companies they can have a business collaboration with, for example as a client, sales channel or RDI partner.
They value sustainability and appreciate alternative solutions to achieve the desired results with a better environmental impact. Other interest areas include for example hygiene validation and management with data, and identifying invisible dirt, bacteria or viruses, especially automatically from surfaces, and hygiene as a service.
Kiilto Ventures prefers ownership stakes between 10-20%. They appreciate getting a board seat.
Kiilto’s aim is to be carbon neutral by 2028.