OTB Ventures

OTB Ventures invest into software and software-enabled hardware startups, where the main value is in the software side. They focus on deep tech or other tech-enabled unique sources of competitive advantage. They’re interested in B2B and B2B2C, with possible exceptions of B2G who know how to sell their product well, and fintech/insurtech B2C.

They invest into companies that have a strong connection to EU – either based in EU in whole or part, or originally from EU, for example. Stage-wise they’re most interested in the scaling phase, with occasional exceptions for especially strong cases with a mature product that is approaching the scaling stage. Most of their investments had approx. 1M ARR at the time of initial investment.

They often lead or co-lead rounds.

 

Fiskars Group

Fiskars is looking for globally scalable innovations to cooperate with and/or invest into, that have synergies with their business of durable consumer goods. They’re especially interested in new services and business models in the space related to professional handheld home and garden tools, kitchenware and interior decoration.

Fiskars is launching their innovation hub website, Bruk, in the end of September 2021.

Fernbrook Capital Management

Fernbrook Capital Management invests in revenue-stage, B2B, B2B2C, and B2C consumer-tech companies. They use their operating expertise (Estee Lauder, Harrods, Saks Fifth Avenue) to help founders of consumer brands and enterprise consumer-tech companies to scale globally.

They prefer to lead or co-lead investments syndicates.

Bocap

Bocap invests into growth stage Finnish SMEs, typically between startup venture capitalists and buyout funds. They seek profitable high growth companies with a turnover of €4M or more. Many of their portfolio companies are either driving or heavily using digitalization.

They invest up to €10M per company directly from the fund and their partners can invest a similar amount as well.

They’re a minority investor, seeking an ownership stake of between 10-49%.

Investiere

Investiere is a Swiss fund that does VC investments and syndicates those with their network of Swiss HNIs, institutions etc. They have invested over €120M already.

They have a preference for B2B companies, but are interested in checking B2G and strong B2C cases as well.

They’re happy to do lead/solo/follow investments in Switzerland and mostly do follow investments outside Switzerland.

Mitsubishi Corporation

Mitsubishi Corporation is investing mobility companies and funds worldwide. They company invest into companies with mature products. Marketplaces are especially interesting for them.

They prefer companies with over $20M in annual revenue.

They’re often the follow-investor on a round.

CapMan Growth

CapMan Growth seeks companies with an already fast-growing revenue and whose goal is to double their revenue in the near future. They’re largely agnostic towards sectors and business types, focusing on the evidence of the company’s ability to grow.

They seek growth companies doing approx. €1M or more in recurring revenue (e.g. SaaS) or considerably more of non-recurring revenue.

They prefer to invest €5-10M tickets. In addition to direct investment, they are happy to bring their partner companies on board to larger investment rounds of up to approx. €20M.

They’re always a minority investor, often the lead (in Finland prefer to lead). They prefer to actively assist in growing the companies through a board seat and other ways.

Oxx

Hardware and marketplaces are ok, as long as selling software is the main business driver.

Their own investment tickets are $5-10M. Their LPs can invest a similar amount in addition.

They prefer to lead investment rounds, but also do solo and co-investments as well.

Signals

Signals is the startup ecosystem branch of Signal Iduna, an insurance from Germany with a presence in the DACH region and parts of East Europe.

They prefer B2B and applied tech, but deep tech or B2B2C are also possible. Software and marketplaces only. Prefer to co-invest or lead.

They invest within two categories:

 

Pre-seed

Ticket size €150k – 250k

Round size: €250k – 1M

Invests into DE, AT, CH.

 

Venture

Ticket size: €1M – 5M

Round size: €1M –

Global, with focus on Europe.

Partech Partners

Looking for digital solutions and digital native brands, e.g. fashion/food solutions whose use digital opportunities fluently in branding, customer acquisition etc.

They have multiple funds with different focus areas but many similarities as well. Most of their funds focus on Europe, North America and Asia (except India), with one focusing on Africa and Middle East. Most do not seek hardware solutions.

 

Seed fund

Ticket size: €100k – 2M

Global. Hardware ok.

Usually co-lead, or when outside DE/FR, follow.

 

Venture fund

Ticket size: €4M – 12M

Global. Lead or co-lead.

 

Growth

Ticket size: €10M – 50M

European. Lead.

 

Partech Africa

Invests into African and Middle East opportunities. Agnostic on most other factors on the company, such as stage and company type.