LH Startup MAQER

LH Startup MAQER is the venture client unit of LafargeHolcim, a multinational corporation with a background in manufacturing building materials. They’re looking for partners and suppliers in industry 4.0, logistics, services and retail.

They seek solutions that have at least early traction with pilot users and that have received their first professional investment already.

Fil Rouge Capital

Fil Rouge Capital invests into startups operating or opening an office in Croatia. They prefer software, marketplaces and applied tech, but are interested in deep tech and hardware as well.

They have an acceleration program that invests €50k into all accepted companies. The participants can be pre-revenue.

Their VC side €200-500k tickets into companies with revenue at least from early pilot customers and a strong growth potential.

They prefer to lead or co-lead investment syndicates, but are willing to consider solo investments as well.

Maersk Growth

Maersk Growth invests into companies with global ambitions to shape the end-to-end supply chains. They’re the CVC arm of the global logistics giant Maersk, offering excellent growth opportunities for companies working with supply chains or logistics.

They’re interested in technological and non-technological companies both. Many of their investments are into operational companies that leverage technology but for whom the core competence might be in the operations side.

They prefer co-investing with traditional VCs. They’re happy to be a follow-investor but can lead and occasionally solo invest as well.

PortfoLion

PortfoLion is the investment arm of OTP banking group. They invest into software and marketplaces. Hardware is possible if the main value is in the software side.

They have a strong preference for B2B. B2C is also possible in especially strong cases. They prefer companies that can show some market response, especially in terms of revenue. Most of their investments are into companies with mature products, but they have invested in strong MVP cases as well.

 

Tesi

Tesi focuses on investing into companies with revenue and a proven product-market-fit. They occasionally invest pre-revenue as well, for example into especially strong deep tech cases.

They’re not interested in pharmaceuticals, but other health tech is interesting.

They invest into companies that are based in Finland or have a strong connection with (interest in) Finland.

They prefer being co-lead or lead investor. They don’t invest solo.

EIT InnoEnergy

EIT InnoEnergy is a multi-LP fund focusing on energy-related startups in Europe. They have excellent connections, and know the public sector especially thoroughly.

Prefer B2C but others are also interesting. They prefer co-investing but also invest solo.

EIT Innoenergy is a Pan European investor in the cleantech ecosystem. With a strong focus on impact technologies, aiming to empower citizens, provide access to clean(er) energy, and encourage international cooperation. Thematic tracks include renewables, mobility, battery, hydrogen, storage, smart cities, energy efficiency, smart grid, circular economy. A worldwide reach with offices in Poland (responsible for the geographical region ranging from Estonia to Turkey), Germany, Sweden, the Netherlands, Spain, Portugal, and the U.S.

Our aim is to support sustainable energy innovations that provide the industry with derisked solutions. These innovative companies reduce energy costs, increase system performance and competitiveness, while decreasing greenhouse gas (GHG) emissions, and creating jobs.

Tehnopol Startup Incubator

Tehnopol Startup Incubator is located in Tallinn, Estonia. Applications are open all through the year, selection process and intake are in batches around the year.

Current focus areas are health tech, space tech, B2B ICT, greentech and smart cities. Startups from other areas are also welcome.

Most of their participating companies are B2B or B2C. They also have a separate program focused on the needs of B2G startups, which they’re happy to tell more about.

Participating teams have to have or establish a company in Estonia (takes 15 minutes) within a month of joining the program.

South Central Ventures

South Central Ventures invests into software B2B(2C) startups in the Southern CEE region, especially in Balkan. They’re sector-agnostic, but focus on technology.

They have offices in Ljubljana, Belgrad, Zagreb, Skopje.

They’re often the first institutional investor and the lead investor in rounds. They often seek a board seat in companies they invest in.

 

Nordic Startup School

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.

Change Ventures

Change Ventures invests into startups in the Baltics, or with Baltic founders on their teams.