M&M Growth Partners

They do VC tickets of €100k-500k, and growth tickets €200k-5M. They invest only in software with an emphasis on B2B and deep tech. Traction and sales are required, preference for over €500k ARR.

Preferred contact point is contact@mmgp.fi.

Insta Ventures

Prefer B2B, certain B2C niches are also interesting. Prefer cases with over €15k monthly revenue.

Only co-invest in rounds that already have a lead investor. Majority of deals (70%) from Nordics and Baltics, especially Finland, Sweden, Estonia and Lithuania so far. 15% from Central and Eastern Europe and 15% elsewhere from the world.

Does not invest in mobile gaming or hardware. Hardware-enabled software is interesting.

Turing Studio

Fundraising, branding, design and business development consulting. Helping clients with development projects around the globe.

Does not organize clinical trials, but they do user research and interviews and help with all business areas.

Baltic Sandbox

Ongoing acceleration program, can apply at any time.

Startups have to have a legal entity in EU or willing to open it and relocate, and target market also in the EU for the first three years.

No gaming, gambling, or very sophisticated scientific products that require domain expertise to support.

Katalista Ventures

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.

 

bValue

Focus on B2B, especially light-touch sales model SaaS for SMEs. B2C, B2B to large enterprises and B2G are also possible in strong cases.

Geographically focus is on CEE, but elsewhere in EU is also possible. Non-EU companies are investable if they establish an office in EU.

Focus on software and valuations below €20M, but occasionally invests in hardware, or especially strong cases with higher valuations.

Active investor. Normally doesn’t take a board seat.

Presto Ventures

Presto Ventures is a Czech family office. They prefer B2B companies, but can also invest in B2C with good unit economics.

Family office of Skoda transportation company’s ex-owner. Heavy machinery is a special expertise area. Fund preference is for not too capital-intensive companies.

GrayBella Capital

GrayBella Capital is a pan-European venture capital fund investing in healthcare and complex technology fast growth companies. They invest €2-7M in trenches and welcome other investors on board.

Their goal is to help companies scale internationally while keeping core operations locally in their primary market.

They have a preference for B2B. Their especial focus is on bioinformatics, genomics and other areas where health meets IT. Clinical trials are out of their scope.

Nordic XR Startups

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.

 

Earth Capital

Doing sustainability and impact investing: mobility, food and agriculture, energy (renewable, efficiency, storage), water, waste etc. Looking for indications of repeat demand.

Looking for defensible market positions. Technology is not necessary, if the position of the company is otherwise strategically defensible.

Investing globally with a focus on Europe. Also investing actively in Africa and Asia.

Focus on B2B across all their funds.

Prefer to lead or co-invest. Prefer to take a board seat.