We are a venture capital fund supporting forward-thinking founders from Estonia, Latvia, Lithuania, Finland and Ukraine. Our investment focus is mostly in B2B, SaaS, fintech, platforms, software enabled hardware and deep tech, but we don’t limit ourselves to those areas.
Waiting for Startups with: Team, MPV/Product, Initial traction
Fields of interest: FinTech, B2B, SaaS, DeepTech, Platform, Hardware (with a software component)
Benefits for Startups: At our core, we're not just investors; we're partners in a true sense, walking alongside founders on their journey. Besides capital, we offer a helping hand, sharing insights, guidance, and feedback. It's a collaboration built on trust, aimed at achieving long-term success together.
Fund range per team: 50k-3m EUR
Investment conditions: Equity and convertible
Market focus: Baltics, Finland and Ukraine
Nordic Foodtech VC invests in early-stage companies aiming to radically renew the food system – from the soil to the orbit and from new sources of protein to better ways of eating. The fund was launched in 2020 and has 42M€ to invest in approximately 20 companies in the Nordics and Baltics.
Waiting for Startups with: spinouts, early stage
Fields of interest: foodtech & agritech
Benefits for Startups: The first foodtech specific fund in the region, with sector specific expertise from various angles
Fund range per team: initial tickets up to 1 M€ + follow-ons
Investment conditions: equity
Market focus: Nordic and Baltic countries
Butterfly Ventures is the leading seed entry deep tech VC in the Nordics. Butterfly Ventures was founded in 2012. Ever since then we’ve been one of the most active early stage VCs in the region. We have an office in Oulu (FIN), Helsinki (FIN), Stockholm (SWE), Tallinn (EST) and Copenhagen (DNK).
Butterfly Ventures is known for our co-operative approach. We like to interface with founders directly and work as a team and founders have the full support of all our partners. Furthermore, we’ve been always mindful of our impact to society around us. For example according to Forbes, we were the first VC fund that operated 100% carbon neutrally in Europe.
Waiting for Startups with: prototype, MVP
Fields of interest: Deeptech, hardtech, R&D
Benefits for Startups: Scandinavian research and development network and solid track record of building and exiting deeptech startups
Fund range per team: average initial ticket 300 000 euros
Investment conditions: equity, convertible note
Market focus: Scandinavia and Baltics
Tenity is a startup incubator, accelerator and early-stage VC founded in 2016 in Zurich focused primarily on Fintech, Insurtech, Regtech and Deeptech. It provides incubation and acceleration programs helping startups to connecting with corporates, experts, mentors, and investors for early stage venture and late stage venture investing, and collaboration opportunities. The company currently has operating hubs in Zurich, Singapore, Madrid, and Tallinn.
As of July 2023, the company had accepted over 280 companies into its programs who have raised more than $370mn USD combined.
Waiting for Startups with: prototype, MVP, first income, early GTM
Fields of interest: fintech, insurtech, regtech, legaltech, deeptech, sustainability
Fund range per team: 50k to 250k and up to 1 mln EUR at companies in our portfolio at later stages
Investment conditions: Convertible Loans, SAFE, Equity
Market focus: Europe, Nordics, Baltics, Singapore, South-East Asia