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

Dual-Use Tech VC Fund & Accelerator with one of a kind in the region dual use pre-accelerator and accelerator programs. The programs identify technologies aligned with NATO emerging and disruptive technologies (EDTs) and provide pathways toward strategic partnerships, technology development, and funding opportunities, with access to both markets and networks in Europe and the United States.

We concentrate on supporting pre-seed and seed-stage dual-use startups led by pioneering individuals and teams. Our primary interest lies in backing those committed to research and development, aiming to tackle intricate technical issues that have substantial prospects for commercial deployment in the defense and security sectors. These startups are characterized by their ambitious drive for rapid growth and their dedication to resolving critical challenges in these crucial areas.

Waiting for Startups with: Various stages
Fields of interest: Dual Use
Benefits for Startups: Investment, one of a kind in the region dual use incubation and acceleration programs with partners from US, NATO and EU, mentorship, community, networking
Fund range per team: 50K - 1M Eur
Investment conditions: Equity
Market focus: Lithuania and other NATO countries

Startup Lithuania created a training program Startup Guide Pre-accelerator

The Startup Guide Pre-accelerator is designed for early-stage startup founders looking to kickstart their startup development. No matter if you have just a few or a thousand questions when it comes to building a successful startup and attracting your first investment, we will help and guide you through the process. 

In this virtual training program, you'll gain valuable knowledge on:
  • Refining your existing idea and creating a compelling value proposition.
  • Choosing the right business model for success.
  • Selecting target markets for your product.
  • Testing your product with potential customers and partners.
  • Attracting investment and expanding into new markets, and much more!

Best of all, upon program completion, you'll receive a certificate to showcase your newfound skills. 

Let's start the program here

Orion Ventures is a Lithuanian corporate venture capital fund investing in early stage startups. It was established as an employee fund by investment banking firm Orion Securities in 2021. When evaluating start-ups, the team of Orion Ventures draws on their experience in corporate finance and investing, which has accumulated over nearly 30 years of operations. The experienced team thoroughly evaluates all financial indicators and takes the time to analyse the market and dig deep into the start-up’s plans. They are looking for ambitious teams and companies with strong background in technology to invest in and work with.

Waiting for Startups with: MVP
Fields of interest: Sector agnostic
Benefits for Startups: Help with M&A and capital raising
Fund range per team: 20000-50000
Investment conditions: Equity, convertible note
Market focus: Agnostic

Digital East Fund (DEF) is one of the leading early-stage focused venture capital investors in Europe, investing in tech startups with global ambitions and roots in Emerging Europe. With over $550m committed capital, DEF seeks to back the most ambitious startups from Emerging Europe in capturing large global markets as category leaders. DEF team’s investment track record includes some of the multi-billion dollar successes emerging from the region, including UiPath, Payhawk, and Trendyol.

Waiting for Startups with: No threshold
Fields of interest: Sector-agnostic (except for biotech)
Benefits for Startups: In-house talent sourcing team dedicated to our portfolio companies
Fund range per team: Flexible ticket size from a few hundred thousands up to ten million first checks
Investment conditions: No conditions
Market focus: CEE and Turkey

Black Pearls VC is an early-stage venture capital firm focused on supporting the leading tech companies from the Baltic Sea Region. It invests in early stages with a typical ticket of between €100k - €1m. Black Pearls VC is a part of the Kauffman Fellows, a global network of 700+ leading VCs. The fund's investments include Autenti, Telemedi, Enso, eAgronom, Ondato, heavyFinance, Traxlo, and the unicorn GoCardless.

Waiting for Startups with: Prototype/MVP, solid team, happy to see early traction
Fields of interest: Digital Health, Enterprise Software, Fintech, Future of Work, Deep Tech
Benefits for Startups: Hands on support, expansion opportunities, connections to enterprise customers, access to Kauffman Fellows network
Fund range per team: €100k-€1M 
Investment conditions: Equity, CN
Market focus: Baltic Sea Region

Baltic Sandbox Ventures is an early-stage VC dedicated to developing the Deep Tech and Life Science ecosystem in the Baltic region. Our focus is on early-stage individuals and teams that are engaged in research and development and are seeking to address complex technical challenges with significant potential for commercial applications.

Fields of interest: DeepTech, Life Science, Software++ 

Waiting for startups with: “Scientific minds” who are doing R&D on the specific solutions/technologies (minimal viable team); founders with a proven scientific background; strong innovation component

Benefits for startups: Investment, incubation and acceleration programs, mentorship, community, networking

Funding range per team: 5000 EUR grants per team member and up to 15K per team, investment – from 25 to 400K EUR, depending on the stage

Investment conditions: Grants - non-equity, investment - equity

StartupIst Ventures is a team that helps early-stage startups with the potential to disrupt their industries, with a preference for companies with unique and unusual ideas, and a desire to avoid companies with many competitors. Their portfolio of startups includes those from various industries, including e-commerce, fintech, and HR technology, and they are constantly seeking new opportunities to invest in and assist growing startups. Their commitment to helping portfolio companies achieve their full potential and make a positive impact in the world is evident in their collaborative and supportive approach, which includes providing guidance, resources, and connections to help them succeed.

Waiting for Startups with: Early Stage

Fields of interest: Agnostic

Fund range per team: $50K

Investment conditions: SAFE, Convertible Loan and Equity

Market focus: Global