Apex Ventures is a deep tech fund headquartered in Vienna. Their home markets are the German-speaking DACH (Germany, Austria, Switzerland). They’re happy to lead investment rounds into companies from these countries and co-invest in companies from elsewhere in Europe.
Valuation: €5-9 M
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.
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 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 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 email@example.com.
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 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.