Change Ventures invests into startups in the Baltics, or with Baltic founders on their teams.
Participation type: The only investor in a round
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.
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.
Equinor & Techstars Energy Accelerator seeks innovative startups within four critical areas of the energy sector: oil and gas, new business models, digitization and renewables. Equinor is a leading energy corporation in Norway, and the program’s physical parts take place in Oslo.
Techstars is a leading startup accelerator that has invested into over 2,100 companies and helped them raise $9.3B since 2007. They run approx. 50 programs every year, each investing into 10 companies.
Their application period for 2020 program is open until 11.10.2020, and the next application period will be open from July to October 2021, for the program that will take place in February 2022.
Techstars acceleration programs include a $20k stipend for running expenses and an optional $100k convertible loan in addition to the programs’ coaching and the network membership, in exchange for a 6% stake in the company (or higher based on the conversion rate on next round).
Techstars Ventures also does follow-on investments into their best performing portfolio companies, having co-led an investment round with Equinor of €4M. Many other funds also invest into Techstars companies.
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.
APX invests into early stage software companies in Europe and Israel and offers them a 100-day tailormade acceleration program. After the program they usually invest more pro rata.
They’re backed by Porsche, the luxury car manufacturer, and Axel Springer, the biggest media company in Europe. They have an extensive network of industrial connections in Germany, including the globally leading companies in multiple fields.
Their main value add is in business development. They focus on companies who are ready to sell at least a pilot version to customers already.
Their initial investment is always €50k for 5% ownership stake. They also offer office in Berlin for four months for free. They invest into over 40 companies per year.