Fiil Good

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.

 

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.

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.

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.

 

Icebreaker

Icebreaker invests into companies and teams with domain expertise. They don’t invest into pure game companies, but gaming technology can be interesting.

Butterfly Ventures

Butterfly Ventures is a Finnish early stage deeptech hardware investor. In cases that are software-focused, they have to have a hardware angle, such as driving increased hardware sales.

On a rare occasion they invest in the idea stage.

Their sweet spot is €100k for very early stage companies and €300-500k for early (seed) stage ones.