Hybrid accelerator / fund. Looking at triple top line benefit: people, planet, profit.
Prefer B2B and software. Others are possible in especially strong cases.
Active investor. Putting time into each company. Comfortable with minority stakes. Prefer to co-invest.
Nordic XR Startups invests into startups with a strong connection to XR (VR/AR/MR) and are from Nordics, Baltics or Eastern Europe.
They invest mainly into companies where they can offer significant added value with their international mentor and investor network.
They are open for startups’ applications at any time. They organize batches but are open for discussions and investments on other times as well.
They often join the board as observers.
Nordic FoodTech invests, as the name implies, in food-related technology. Not brands, not production, but for example new production and packaging technologies.
Focusing more on B2B and B2G. B2C is possible, if the business model is practical to scale.
Grid.vc invests into early-stage energy companies.
They’re often the first fund investor of a company and the only one on a round with angels and other non-institutional investors, leading the round. On later rounds they often co-invest with other funds.
They have a global mandate, but focus on investing into companies in the New Nordics and Germany.
Impact investment fund by a group of angels. FIIL = Finnish Impact Investment Limited (Vaikuttavuussijoitus in Finnish). Investments have to fulfill UN SDG (sustainable development goals) criteria.
All members are active angel investors, who see themselves more as co-founders than just financial investors.
Prefer companies with traction and product-market fit (or very close). Occasionally also do pre-revenue investments.
MVP with traction (seed): €50k-200k, rounds €50k-€400k. Valuations below €2M.
Pre-seed (idea testing stage) €5k-20k, rounds max. €50k.
When lead investing, they take board chairperson position. When co-investing, prefer board membership.
Contrarian Ventures is a European fund investing into companies transforming the energy sector, including where and how it is used, with an emphasis on sustainability. They are also interested all energy tech, e-mobility, automation, AI, hydrogen, energy grids, and energy storage. They have an especial liking for software and hardware-enabled software.
They focus on B2B, but are interested in especially strong B2C and B2G cases as well.
The partners have extensive expertise and networks in energy and its associated sectors in addition to startups and venture capital. They have a singular focus on helping the best energy-related startups succeed.
They prefer to lead or co-lead in deals. They’re an active investor, seeking to add value through their network, expertise and services for all portfolio companies. They often look for a place on the board, at least as an observer. Their HQ is in Vilnius with partners based in London and other key European cities.
Wave Ventures specializes in millennial solutions, but not exclusively. In terms of sectors they look at everything except games and pharma. Their investment focus is further described here: https://link.medium.com/tXSCKREFN4
They prefer contacts at team@wave.ventures.
Maki is an early-stage industry-agnostic global fund from Finland. Their main geographical focus is developed Europe, especially Northern Europe.
They look at all kinds of companies, especially those with scientific advances and customer understanding. This includes strong deep tech and/or brand-driven cases.
They invest also in very early stage, if the team and case is especially promising.
Superhero Capital invests into early-stage companies in Finland and Baltics. They prefer insight-driven software companies. Hardware can also be interesting, if a big part of the value is in the software side.
Icebreaker invests into companies and teams with domain expertise. They don’t invest into pure game companies, but gaming technology can be interesting.