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 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.
Voima Ventures funds research-based deep technology. Pharmaceutical technology is interesting, drug development is not. Content (e.g. game) development is also not interesting, but related technology is.
They collaborate closely with universities and innovation service providers, for example universities’ internal innovation services.
They prefer to co-invest or lead. They seek a board seat when investing. In early stages they prefer to be actively involved in the management of the company.
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.
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.