Redstone has six funds and 50 CVC partners. Their funds and sectors are listed in https://www.redstone.vc/sector-funds/. They are especially interested in industry 4.0, fintech, proptech, mobility, bio materials & agrotech.
Product readiness: 5. Scaling
One of the largest business angel networks in the world with 650 members.
Ticket range of most angels is €5-100k, median ticket size is €20k. Syndicates may invest up to €1M. Median syndicate size is €200k.
Forum Virium’s UIA Hope competition offers piloting opportunities for air quality related startups. The competition has over €200k budgeted for helping small companies pilot their air quality solutions. Piloting budgets are €5k – €40k per company depending on the track (available on their website).
Even the smallest companies can participate and offer their pilot projects for experimentation, but there needs to be a company registered in Finland by the time the pilot starts.
The solutions can be virtual or practical; hardware, software or other solutions. It has to be implementable, not completely abstract. Solution has to relate to digitality, but does not need to be completely digital.
The pilot offer can be sent in English and can be done as a PowerPoint or similar. The information on the competition itself is currently available only in Finnish, but can be translated to English upon first request. General information of the UIA Hope program is in English.
ProHealth Accelerator can be thought of more like a hub than a typical accelerator. They have a network of mentors, potential customers and other resources for health startups. Applications are ongoing, and there is no formal acceleration program, but they organize expert events, workshops and other forms of support for their members.
Their support is focused on helping commercialize health innovations. Most of their members’ are selling their solutions to professionals (B2B, B2B2C, B2G), but B2C solutions are also possible.
They have a partnership with Verstas Labs, whose open business premises ProHealth members have access to. Verstas also offers laboratory and private business premises for rent, with the laboratory equipment and maintenance included.
Participating companies have to be based in or move to Finland.
Accelerace’s acceleration programs are based in Denmark, but most can be participated in remotely. All their programs are free of charge, no equity taken. They have an extensive network of corporate partners internationally, especially in Europe.
Most of their programs can be participated in remotely, but some may require either physical presence or a registered in Denmark.
Their focus areas are life science, sound, energy, food and beverage, entertainment, IoT. They run more than one program per year per average in each of their focus areas, and typically at least one program’s application period is open on any given time.
They have a fund to invest in the best of their participating startups. The investment tickets are 500k DKK, which is approximately €65k. These investments are done as a convertible note, and are completely optional for the startup to accept or not. It’s done as a co-investment, so the startup has to have another investor investing a minimum of 125k DKK (approx €17k) at the same time. Accelerace is happy to help find suitable investors.
Their life science tech startup mentorship program is highly rated in the Nordics. Sweden, Norway, Finland, Denmark, Iceland. It’s funded by the Novo Nordic foundation.
They also partner with Overkill Ventures in Riga, Latvia.
Incubation service in Turku, Finland, that has been running already for six years. Participating startups should have graduated from an acceleration program or be otherwise ready to sell their product to early customers.
They offer a network of mentors and industry contacts in addition to a working space for 12 months. The program is completely free of charge.
Their program for the autumn 2020 is being designed and its detailed information is expected to be released in the summer. You can ask more from marko.puhtila@turkubusinessregion.com.
Expon Capital invests in tech for good, things that help develop the society as a whole while doing a good business. They do not invest in gaming, esports, marketing, advertising tech. They’re not an impact investor, but they do value UN sustainable development goals in framing the investment impact.
Their investments include Spire, Glovo, Catalyte, companies that are taking on the world’s biggest challenges.
They typically co-invest. They prefer to have a board seat but are flexible.
AP Ventures invests into energy-related innovations, especially hydrogen. They are headquartered in London and invest globally.
They do follow on their investments.
You can contact them at info@apventuresllp.com.
Notion Capital is a B2B SaaS & cloud fund. They also invest into B2B2C and B2G IT solutions. Hardware is ok as a distribution method, but value has to be focused in the software.
They often invest when MRR is 50k – 200k, but revenue is not as relevant as evidence of demand (significant pain it addresses), knowing the ideal customer profile, having a distribution channel that works. They then come in to help open new distribution channels, hire talent and scale the operations. 20 people team, 10 investing and 10 in the “platform team” working closely with the founders. Helping decide who to hire, how to price, best ways to enter market and measure success.
Most of their tickets are 3-7M. They’re interested in talking already a bit outside this range, and occasionally make exceptions to the ticket size. They may also invite founders to events even if they’re a bit outside their ticket range, especially cases that are a bit earlier stage.
They’re looking to follow on at least once, more for good performers, all the way through to exit (IPO or acquisition). They often lead rounds and are ideally looking for 12.5% or more.
Revo Capital invests into developing East-European markets. Traction is required and B2B is preferred, but B2C is also ok.
They often look for a board seat. Their home market is in Turkey.
They consider themselves active helpers of their companies, especially in expanding beyond the home market. Founders of the fund have C-level background in the largest Turkish telecom.