Wave Ventures

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.

Iron Wolf Capital

Iron Wolf Capital invests in EU, with a focus on Baltics and nearby countries.

They prefer deep tech and other solutions with solid, defensible competitive advantage and teams that can show ability to sell the current solution (traction, e.g. crowdfunding sales).

Their preferred channel for new contacts is partners@ironwolfcapital.com.

SpeedUp Venture Capital

SpeedUp invests in companies that have a connection with Poland. This can come in many forms within 5 years after the investment, for example R&D or sales.

Most of their investments are in B2B, B2B2C and SaaS companies. B2G is possible in cases with strong indications of ability to sell and scale.

It’s common for them to be the only investor in the round, but they’ll be happy to lead or co-invest as well.

SpeedUp has two funds with different investment criteria.

Larger fund

Ticket size €600k – 1M, sweet spot 750k, maximum total allocation per company 5M.

Product type: Any tech except pharma, very rarely also Marketplaces (connection with e.g. energy, IoT, industry, smart manufacturing, cleantech)

Revenue: €100k/y or more.

Product readiness level: Product or Scaling

Valuation: Max €10M

Smaller fund

Ticket size €200k-250k, sweet spot 250k, maximum total allocation per company 250k (no follow-on).

Product type: Any tech that has an R&D component. No marketplaces. Pharma is possible.

Revenue: None or any.

Product stage: Proof of Concept, Prototype or Product.

Valuation: Max €4M

The company’s requirements for a connection with Poland are more strict.

General information

The information below is generated automatically from the investor’s overall information in our database, which doesn’t separate between different funds of the same investor.

Inventure

Prefer companies with revenue but have invested in strong pre-revenue companies as well. Most investments have a valuation €5-25M and typical tickets are €400k or more.

Especially interested in B2B and B2C companies in Automotive, IoT, Health, SaaS and Fintech fields.

Maki

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.

Spintop Ventures

Spintop Ventures does not invest in casinos, weapons or similar products.

OpenOcean

OpenOcean invests into digital data-intensive solutions with significant indications of ability to sell and scale. B2B is a big plus, other business models are possible with very strong traction.

They have invested in open source solutions such as MySQL, MariaDB and RapidMiner. Other areas of especial interest include AI/ML, application-driven infrastructure and development tools, marketing technology, and automation and recommendation engines.

They look for cases that have a ready product + early revenue, a proven product-market fit. Typically they like to see companies already have €50k MRR (€500k/year recurring revenue).

They require a board seat as a condition of investing.  They’re often the lead investor of a round.

Superhero Capital

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.

 

Vendep Capital

Vendep focuses on corporate software and has a preference for a SaaS business model. They require companies to have at least €100k/year recurring revenue from a big marketplace outside the Nordic countries.

Gorilla Capital

Gorilla Capital focuses on companies whose revenue is €4k – €300k per month. They look for capital efficient companies that focus on the business, not just the product. These are usually software companies. Hardware is ok, if the main value is in the software side.

Their investment criteria can be found on their website: https://gorillacapital.fi/.

Investor decks can be sent to petri@corillacapital.fi.