European Venture Capital

Startup Ecosystem EU offers this European Venture Capital Directory as a resource to startups.

Austria | Belgium | Bulgaria | Croatia | Czech Republic | Denmark | Estonia | Finland | FranceGermanyGreece  Hungary | IcelandIreland | Italy | Latvia | Lithuania | Luxembourg | Malta | Netherlands | NorwayPoland | Portugal Romania  | Slovakia | Slovenia | Spain | Sweden | Switzerland | TurkeyUnited Kingdom

Our goal is to bring together startups, investors, and innovators to learn about cutting-edge innovations and foster dynamic conversation addressing how technology is transforming Europe.

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European Venture Capital

Austria

  • 3TS Capital Partners – 3TS Capital Partners is one of the leading European technology focused growth capital firms. 3TS provides expansion capital and buyout funding for small and medium-sized businesses in growth sectors, including Technology & Internet, Media & Communications, and Technology-Enabled Services. Investors in the current and past 3TS funds totaling over €300 million include EIF, EBRD, Cisco, OTP, Sitra, 3i, and KfW, among others. Vienna
  • 3VC Partners – 3VC Seed supports founders from Seed to IPO and beyond. Vienna
  • AC & Friends GmbH – We are looking for people with visionary ideas and the exceptional willpower it takes to see them through to actualization. When we decide in favor of a person and an idea, it is because we believe in them. The result is a value-based partnership with long-term involvement for the mutual benefit of both partners. The focus is always on the long-term success of the idea. Vienna
  • Allinvest Unternehmensbeteiligungs – Die Allinvest Unternehmensbeteiligungs GmbH wurde 2006 als Tochter der Allholding Beteiligungsverwaltungs GmbH gegründet, um die vielfältigen Unternehmensbeteiligungen der Familie Gröller zu bündeln. Sie versteht sich als aktiver unternehmerischer Investor. Investments werden in den Bereichen Buy-Out und Opportunity Investments und bei Start-Ups getätigt. Dabei wird eine breite Streuung von Investments in verschiedenen Industriebereichen angestrebt. Weiters ist sie als Unternehmensberater in strategischen Unternehmensfragen, Finanzierungsfragen und immobilienspezifischen Fragen für Familienunternehmen, Family Offices und Privatstiftungen tätig. Vienna
  • Alps Ventures – We are an international venture builder with offices in Vienna and Singapore. We focus on creating meaningful businesses with passionate & expert-driven teams. We get our energy from doing, inspiring, thriving, succeeding, innovating, smiling, and sharing. Vienna
  • Apex Ventures– APEX Ventures is a Europe-based early-stage Venture Capital Fund that invests in start-ups grounded in unique and protectable technology. APEX, by actively providing support and resources, aims to develop our start-ups into global leaders in their respective fields. Initial focus areas include Digital Media, Business Intelligence & Cybersecurity, FinTech, and the Future of Work. Frankfurt & Vienna
  • ARAX Capital Partners – ARAX facilitates investments by Austrian individuals in highly innovative Austrian high-tech and biotech companies. Vienna
  • AWS Gründerfonds – As co-investors, we invest in high-growth start-ups in their later seed and early-stage phase. As a long-term partner, we offer both start-up and follow-up financing. As a subsidiary of Austria Wirtschaftsservice Gesellschaft mbH (AWS), aws Founders Fund has EUR 68.5 m under management. The objective of the aws Founders Fund is to establish a partnership among equals with portfolio companies and to offer a supportive role in establishing a market position as well as achieving and maintaining sustainable growth. Vienna
  • B&C Innovation Investments – Die B&C Innovation Investments GmbH (BCII) investiert in innovative Wachstumsunternehmen mit technologischem Hintergrund, die für die Industrie und somit für die „Old Economy“ relevant sind. Im Fokus stehen umsetzungsstarke Gründerteams, die BCII als Investor und aktiver Gesellschafter begleitet. Die B&C Gruppe setzt damit zusätzlich zu ihren Mehrheitsbeteiligungen an AMAG, Lenzing, Semperit und ihren langjährigen Aktivitäten im Bereich der Forschungsförderung weitere Impulse für den Wirtschaftsstandort Österreich. Investments der BCII richten sich an Gründerteams, die Geschäftsmodelle mit einem technologischen bzw. innovativen Kern und vielversprechenden Wachstumschancen verfolgen. Ziel der BCII ist, Gründerteams nicht „lediglich“ mit Kapital zu unterstützen, sondern diese mit etablierten Unternehmen zu vernetzen und am Markt zu etablieren. Die BCII verfolgt bei ihren Investments keine zwingende Exit-Strategie. Auch längerfristige Partnerschaften mit Wachstumsunternehmen sind für die BCII unter der Maßgabe einer wertsteigernden Entwicklung vorstellbar.
  • Capital300 – capital300 is a Series A venture capital fund is backing disruptive European technology companies run by ambitious entrepreneurs. capital300 has established co-investment partnerships with the leading US VC firms. Such partnerships provide the portfolio companies with substantial leverage for conquering the US market and building a significant global presence. Vienna
  • Constantia New Business – Constantia New Business (CNB) is an early-stage investor with a focus on high-tech B2B product companies showing first customer traction. Its experienced team supports founding teams, especially in sales and marketing or corporate development. CNB is looking for technologies with a strong, unique selling proposition and good scaling potential – also in niches. CNB has a long-term view of building companies enabled by an evergreen setup. We look forward to meeting co-investors and exciting companies looking for capital. Vienna
  • Cudos Capital – CUDOS provides funds and expertise to small- and medium-sized companies in Central Europe. We consider ourselves as active investors who participate in strategic decision making and strongly contribute to the success of our projects. Vienna
  • Elevator Ventures – Elevator Ventures is Raiffeisen Bank International‘s (RBI) corporate venture capital entity. It focuses on strategic direct investments in growth and later-stage fintech, co-investments with partner investors, and investments in VC funds. Vienna
  • eQventure – eQventure provides Austrian companies besides growth capital a strong network as well as sincere support in all situations from ramping up companies up to whole restructuring enterprises. Behind eQventure are successful entrepreneurs and angels investors who invest their own money and know-how in growth-oriented companies. The European Investment Fund leverages eQventure high-tech investments with its European Angel Fund. Graz
  • European Super Angels Club – The European Super Angels Club (ESAC) is a pan-European co-investment and networking club for super angels, high-net-worth individuals, family offices, venture capital firms, and corporates. Members combine their financial strength and know-how to invest in high-growth European startups raising rounds of €1-15m. Vienna
  • EV Group – EV Group (EVG) is a leading supplier of equipment and process solutions for the manufacture of semiconductors, microelectromechanical systems (MEMS), compound semiconductors, power devices, and nanotechnology devices. Key products include wafer bonding, thin-wafer processing, lithography/nanoimprint lithography (NIL) and metrology equipment, as well as photoresist coaters, cleaners, and inspection systems. Founded in 1980, EV Group services and supports an elaborate network of global customers and partners all over the world.
  • Fiedler Capital – We are a new seed and early-stage venture capital firm that invests in exceptional entrepreneurs from the CEE & Baltic regions building world-changing startups. Vienna
  • Frequentis – The Frequentis Group is an international supplier of communication and information systems for control centers with safety-critical tasks. These ‘Control Centre Solutions’ are developed and distributed by Frequentis in the business segments Air Traffic Management (civilian and military air traffic control, aeronautical information management, air defense) and Public Safety & Transport (police, fire and rescue services, emergency medical services, vessel traffic, and railways). Vienna
  • FSP Ventures – FSP Ventures is an independent venture capital fund focused on investments in innovative, technology-oriented companies in the cleantech sector. FSP Ventures invests in Austria and neighboring regions to support innovative environmental technologies to achieve sustainable growth together with management jointly and to make a contribution towards solving environmental and social challenges. Vienna
  • Gamma Capital Partners – Founded in 2002, GCP is now the leading Austrian technology VC investor (VenturePreneurs), managing a portfolio of over 20 investments from four funds. Since 2008 GCP is also acting in the field of mezzanine finance (MezzoPreneurs) in the first fund GMP I. Vienna
  • Global Equity Partners – Als größte Private Equity Gesellschaft Österreichs verwaltete Global Equity Partners in den Jahren 1997 – 2013 ein Gesamtvolumen von EUR 550 Mio. und zählte zu den führenden, unabhängigen Investmentgesellschaften Mitteleuropas. Heute entwickelt die Global Equity Partners die noch gehaltenen Beteiligungen weiter und investiert in ausgewählte Unternehmen. Der Fokus liegt auf der langfristigen Entwicklung der Industrieholding Montana Tech Components und des Immobilienentwicklers WertInvest.
  • Highline Ventures – Private Austrian investment firm. Focus on early-stage investments in financial services, technology, media, and new developments in sustainable human performance. Vienna
  • i4g Investment GmbH – Private Equity Investments. Vienna
  • i5invest – i5invest is an international tech M&A, corporate finance advisory, investor & business accelerator. Our primary focus is to support and manage corporate development and cross-border M&A processes for extraordinary tech companies. Vienna
  • IST cube – IST cube focuses on startups with a strong background in science and technology, such as academic spin-offs or young deep-tech companies. We lead investment rounds in pre-seed and seed stages and have the ability for follow-on investments in later rounds. We understand the needs of science and tech-based startups and offer tailored support for entrepreneurs. Our hands-on help includes individual coaching and mentoring, as well as access to advanced lab infrastructure and office space. Our team has vast expertise in areas that are critical for spin-offs, such as technology commercialization, IP strategy, fundraising, and public grants. We work fast and straight forward, our term sheet is simple and easily understandable, as we want to help founders thrive. Klosterneuburg, Niederösterreich
  • Ithuba Finmill – Ithuba FinMill is a dedicated capital markets FinTech investor and company builder established by a team of entrepreneurs and passionate finance professionals to transform ideas into successful businesses. Vienna
  • Jadeberg Partners – Swiss private equity company with an office in Vienna focussing on cleantech investments. Austria Wirtschaftsservice is one of the main investors. Vienna
  • KK Incube – Angel investors. Vienna
  • Pioneers Ventures – Pioneers Ventures is a pre-seed investor empowering outstanding startups with our global network of corporates, industry experts, and entrepreneurs. Vienna
  • Polar Light Capital – Polar Light Capital is a private investment company that invests in Technology and MedTech companies across Europe and beyond. We support building great companies and ventures and are a reliable long-term partner. Polar Light Capital’s proven investment strategy spans all stages of a company’s life cycle, from seeding innovations via start-up and growth stages up to the top of market leaders. Linz
  • Pontis Capital – PONTIS Capital is a private, owner-led investment company and consultancy that focuses on strategic projects and transactions within and between the EU and China. It also focuses on entrepreneurial activities in sustainable growth industries. Vienna
  • PP Capital – PP Capital was founded in Vienna in 2007 and is an investment company of the Austrian industrialist Christian C. Pochtler, independent of the iSi group. PP Capital participates in medium-sized companies and supports them in growing into international market leaders.
  • PushVentures – We are an early-stage venture capital firm investing in outstanding teams with convincing products and high growth potential. Vienna
  • Round2 Capital Partners – Round2 supports companies that want to achieve accelerated growth by providing a financing solution that is more accessible than bank loans and offers more favorable terms than venture capital. Our innovative financing instruments help you fund your company’s growth without personal guarantees, rigid repayment plans, and without diluting ownership. Vienna
  • Smart Capital GmbH – We support entrepreneurs with realizing their business ideas, and established enterprises that are in the early stages of starting up a business or launch new products. Vienna
  • SpeedInvest – Leading early-stage venture fund focussed on FinTech, Industry, Marketplaces, internet, and mobile startups with offices in Vienna (Austria), Munich (Germany), Berlin (Germany), London (UK) and Silicon Valley (US). Invested in 130+ startups since 2011. Today €230MM AuM across two horizontal and three focus funds. Now raising next horizontal fund Si 3, target size €175MM!
  • startup300 – Die startup300 AG ist ein Unternehmen, das auf einer hochkarätigen Community aus leidenschaftlichen Unternehmern, Investoren, Startups und Visionären errichtet ist. Wir bieten ein Ökosystem mit Know-how, Kapital und Räumen, um neue Geschäftsmodelle im digitalen Wandel zu
bauen oder bestehende zu verändern. Linz
  • Syntaxis Capital – Syntaxis is a mid-market mezzanine fund manager with just under €250 million under management, founded in 2006. We have offices in Warsaw, Vienna, and Istanbul.
  • tecnet equity – tecnet equity is an Austrian venture capital fund investing in innovative, high-tech startup companies with potential for significant growth. As a bridge between research and market, tecnet helps develop promising inventions into real-world products. Active in the areas of information and communication technologies (ICT), life sciences, industrial technologies, material sciences, and environmental technologies, tecnet equity is providing venture capital during seed and early stages. tecnet equity further supports the management teams of its portfolio companies in developing businesses that are fit for high and sustainable growth. tecnet also offers comprehensive support to research centers and universities in the analysis, development, and marketing of research results as well as patent protection. Inventions that are of value to society are offered to companies for implementation in new products generating additional business opportunities.
  • UNIQA Ventures – UNIQA Ventures is the venture capital arm of UNIQA Group, a leading insurance group in its core markets of Austria and Central and Eastern Europe (CEE). We invest in outstanding business models driven by strong teams and a clear vision to shape the future of key industries. Our investment focus is on later Seed and early Growth stage targeting HealthTech, FinTech, and InsurTech propositions as well as relevant enabling technologies (i.e., big data, advanced analytics, blockchain, etc.).Vienna
  • Venionaire Capital – Venionaire Capital is a corporate finance and venture capital advisory and offers a wide range of services in a variety of tech-related sectors and industries. Since the foundation in 2012, the company advised more than 50 Startups successfully and closed transactions with an overall volume of about 350 Million Euros. Throughout the past years, Venionaire Capital made early-stage lead- and co-investments and managed to build a portfolio of holdings. Vienna
  • Wiener Wachstumsfonds – Private Equity – Eine Chance für Wiener KMUs. Erfolg braucht Unterstützung. Um ganz gezielt den Standort Wien zu stärken, wurde im September 2005 der Wiener Wachstumsfonds gegründet. Ziel des Wiener Wachstumsfonds ist es, sich an Klein- und Mittelbetrieben mit Firmen- und Verwaltungssitz Wien zu beteiligen. Haben diese Unternehmen ihren Wert gesteigert, geben wir unsere Beteilungen mittel- bis langfristig wieder ab. Neben Eigenkapital und Know-how stellen wir den Beteiligungsunternehmen auch unser Netzwerk zur Verfügung, um weiteres Fremdkapital und Fördermittel aufzubringen und so die Expansion und die Wertsteigerung des Unternehmens zu unterstützen. Dabei legen wir höchsten Wert auf eine offene und partnerschaftliche Zusammenarbeit. Vienna

Belgium

  • 3d investors – 3d investors is een familiebedrijf. Het werd in 1992 opgericht door de ondernemersfamilies Donck en Desimpel, actief in respectievelijk de zuivelindustrie en bouwmaterialen. Vanuit een trotse traditie van ondernemerschap kozen wij ervoor om een ruggensteun te bieden aan solide bedrijven met groeipotentieel. Daarbij vertrekken we steeds vanuit onze kernwaarden: ondernemerschap, empathie, integriteit, passie en wendbaarheid. Ghent
  • 9.5 Ventures – ‘9.5 Magnitude’ is a pre-seed corporate venturing investment fund. Together with top tier entrepreneurs, we enable corporations to disrupt and transform existing markets by co-founding tailor-made ventures. Antwerp
  • Ackermans & van Haaren – Ackermans & van Haaren is a diversified group active in 4 core sectors: Marine Engineering & Contracting (DEME, one of the largest dredging companies in the world – CFE, a construction group with headquarters in Belgium), Private Banking (Delen Private Bank, one of the largest independent private asset managers in Belgium, and asset manager JM Finn in the UK – Bank J.Van Breda & C°, niche bank for entrepreneurs and liberal professions in Belgium), Real Estate & Senior Care (Leasinvest Real Estate, a public regulated real estate company – Extensa, an important land and real estate developer focused on Belgium and Luxembourg) and Energy & Resources (SIPEF, an agro-industrial group in tropical agriculture). In 2017, through its share in its participations, the AvH group represented a turnover of 5.4 billion euros and employed 22,749 people. The group concentrates on a limited number of strategic participations with significant potential for growth. The AvH share is part of the BEL20 index, the Private Equity NXT index of Euronext Brussels, and the European DJ Stoxx 600. Antwerp
  • Aconterra Capital Partners – Aconterra invests in startups and scale-ups active in technologies, platforms, processes, and applications, contributing to smart homes and buildings and connecting people and personnel, other IoT driven equipment, installations, and other buildings. The target companies also aim to minimize the ecological impact by making homes and buildings more efficient. Sustainability & energy efficiency is one of our key drivers.
  • Agri Investment Fund – AIF aims to develop into a 250 M EUR fund.  As such, AIF will diversify its participation over the relevant value chains for agricultural products and promising innovative developments that benefit the agri-food chain. Leuven
  • Allegro Investment Fund – a Leuven-based investment group that provides funding to early-stage high-tech companies primarily in Flanders. We are looking for innovative, technology-driven spin-off companies addressing a significant worldwide market opportunity managed by skilled and highly motivated teams. Leuven
  • BAN Vlaanderen – BAN Vlaanderen is het business angels netwerk in Vlaanderen, een platform met toegevoegde waarde waarbinnen startende of groeiende ondernemers op zoek naar risicokapitaal in contact worden gebracht met informele private investeerders, de zogenaamde business angels. Deze business angels brengen niet alleen geld in maar ook hun eigen knowhow, ervaring en contacten. Zowel aan de ondernemers als aan de business angels worden aansluitende diensten aangeboden. Hasselt
  • Belcube One – Belcube One sprl is a Belgian based investment company founded by Jean Zurstrassen : co-founder Belgacom Skynet, Keytrade Bank & Tunz.com Grégoire de Streel: co-founder Belgacom Skynet, Keytrade Bank & Tunz.com
  • Big Bang Ventures – Big Bang Ventures is emerging as a leader in seed and early-stage venture capital funding for high-growth ICT companies. In addition to funding, Big Bang Ventures leverages its extensive operational experience and worldwide networks to actively help startups accelerate their growth.
  • Capricorn Partners – Capricorn Venture Partners is an independent pan-European venture capital firm seeking to invest in technology-based growth companies. Capricorn’s dedicated investment teams are composed of experienced investment managers with deep technology expertise and broad industrial experience. Capricorn is currently managing its Capricorn Sustainable Chemistry Fund, Capricorn ICT Arkiv Fund, Capricorn Health-tech Fund, and Capricorn Cleantech Fund. It is the management company of Quest for Growth, quoted on Euronext Brussels, and investment manager to the Quest Cleantech and Quest+ funds. Leuven
  • Careventures – Careventures is an independent pan-European private equity firm that invests in high-growth and profitable small and mid-cap companies in the healthcare services sector. Brussels
  • CREAFUND – Creafund acts as an industrial holding company, investing in mature companies for the longer term through majority equity participation. The companies Creafund invest in all have a leading or unique and innovative product or technology and are active in sectors that can give opportunities for consolidation. Deals sizes range from EUR 20m – EUR 100m. Sint-Martens-Latem
  • Down 2 Earth Capital – The partners of D2E Capital combine their successful private equity experience with excellent industry experience. The knowledge of the SME environment and their typical challenges makes D2E Capital the pre-eminent partner of entrepreneurs and managers for the further expansion of their company. Also, the team of D2E Capital can rely on the expertise of a large network of CEOs and entrepreneurs. Antwerp
  • DOVESCO – Dovesco is the private equity arm of the Domo Investment Group. Ghent
  • Droia Oncology Ventures – a specialist investor, dedicated to the fight against cancer. Droia invests in promising new cancer therapies and accelerates their progress by actively supporting young drug development companies to achieve clinical proof of concept with their lead programs. Droia has an in-house team of drug development professionals that offer hands-on support in scientific matters. Operating from Luxembourg and Belgium, Droia invests globally: its current ten portfolio companies are split equally between Europe and the US. Meise
  • E-Capital – an independent private equity investment firm located in Brussels and Luxemburg. Since 2004, E-Capital participated in more than 25 transactions, focused on supporting the growth and development of promising small- and medium-sized enterprises with a Belgian dimension, regardless of industry sector. The last fund, E-Capital III, with almost € 100 million under management, targets companies with a proven track record and a turnover between € 10 million and € 100 million. The investors behind the E-Capital funds are mainly Belgian entrepreneurs and industrial families next to a couple of European institutional investors. Brussels
  • Fin.Co – Fin.Co is an independent long-term investor with a total capital base of 160 million euros. Fin.Co invests in private equity as well as listed companies.
  • Finindus – Finindus is an investment company providing early stage and growth financing to innovative technology companies in materials, material processing, sustainable manufacturing, and digital industry. Zelzate
  • Fortino Capital Partners – Fortino’s mission is to drive shareholder value for the companies we support through capital investment, management expertise, and internal culture development. We help growth companies realize their full potential. At Fortino, we focus on three types of investments: – Cloud/SaaS technology platforms (enablers to companies or consumers) – Companies with market development potential – Next-generation businesses – Company 3.0 Antwerp
  • Gimv – Gimv is a European investment company with about 40 years’​ experience in private equity. Listed on Euronext Brussels, Gimv currently manages around 1.6 billion EUR of investments in about 54 portfolio companies. As a recognized market leader in selected investment platforms, Gimv identifies entrepreneurial and innovative companies with high-growth potential and supports them in their transformation into market leaders. Gimv’s four investment platforms are Connected Consumer, Health & Care, Smart Industries, and Sustainable Cities. Each of these platforms works with a skilled and dedicated team across Gimv’s home markets of the Benelux, France, and Germany and can count on an extended international network of experts. Antwerp
  • Hummingbird Ventures – Often the first institutional investor, we’ve helped start-ups scale from zero to category-defining multi-billion dollar businesses across three continents. Antwerp (Belgium), London (United Kingdom), Istanbul (Turkey)
  • imec.xpand – Imec.xpand is a revolutionary way of investing in early-stage innovation on the crossroads of technology transfer, corporate venturing, and traditional venture capital. The fund will heavily leverage the extensive technology, knowledge, vision, and expertise of imec and its strategic investors, targeting nanoelectronics-based innovation projects in smart applications for a sustainable society such as smart health, smart mobility, smart cities, smart industries, smart energy. Heverlee
  • Innovation Fund – Innovation Fund invests in innovative startups and companies active in the field of chemistry and life sciences. Brussels
  • Integra Fund – Integra is a private equity fund that offers its investors an integrated platform for private equity investments. It combines investments in local SMEs and international private equity funds with direct investments in international companies in cooperation with these funds (co-investments). Gent
  • KBC Focus Fund – The KBC Focus Fund contains two compartments. The first compartment was created to provide seed capital to selected companies from Start it @kbc. A second compartment looks at companies in Belgium, France, Germany, Netherlands, and the U.K. in the domains of advanced technology. We look for growth companies in nanotechnology, microelectronics, and IoT. Brussels
  • LeanSquare – LeanSquare‘s core business in the (co)financing of the „new economy“ start-up, which shows real potential for growth. LeanSquare offers a wide range of tools to prepare the ground for financing. At the maturation stage: tools for everyone (MOOC, articles for the general public, community, etc.), at the acceleration stage: collective tools as well as specific tools, to ultimately draw up a good financing plan. Liège
  • M80 PARTNERS – M80 is an investor in companies in Benelux and France. We seek out ambitious companies & entrepreneurs that embrace change and with whom we work closely to realize their full potential – often by making smart or better use of proven & novel technologies. St-Gillis, Brussels
  • Namur Invest – NAMUR INVEST is a company based out of Avenue des Dessus de Lives 2, Namur, Région wallonne, Belgium. Namur
  • Nausicaa Ventures – A multi-industry early-stage venture capital fund. Nausicaa Ventures is an early-stage investment fund organization focused on investment rounds between EUR 1 and 4 million. Nausicaa Ventures was created in 2009 by bringing together 35 private investors and selected institutional investors, such as the European Investment Fund or ING Bank, under the management of an experienced investment team. The target size of Nausicaa Ventures is upwards of EUR 20 million. Nausicaa Ventures combines the best of institutional venture capital groups and individual investors. It aims to cover the equity gap faced by most promising early-stage companies on their path towards profitable growth. Nausicaa Ventures has the resources, knowledge, experience, and agility to respond to the financial and management needs of those companies and to work side-by-side with them towards the achievement of successful exits. Louvain-la-Neuve
  • PMV – PMV provides finance for promising businesses, from their very start, through their various growth stages and even on to operating internationally. Working with and for the government and other partners, PMV implements projects that are important for prosperity and wellbeing in Flanders.
  • Quest for Growth – Quest for Growth focuses on innovative companies in areas such as digital technologies (ICT), technologies for the healthcare sector (Health-tech), and clean technology (Cleantech). Leuven
  • Robur Capital – Robur Capital deliberately focuses on smaller successful businesses with an annual EBITDA between EUR 0.5m and 2m. Accomplishing growth and promoting professionalism in this sector are key drivers for us. Roeselare
  • Sambrinvest – SambrInvest est un acteur privé de capital à risque actif dans la région de Charleroi – Thuin. Il a pour objet l’accompagnement et le développement des PME et des Startups. Par son expertise, il conseille les entrepreneurs, à chaque stade de développement de leurs projets, tout en respectant leur autonomie de gestion.
  • SCALE Investment Funds – SCALE is a post-business angel, pre-venture capital/corporate partnership fund operating across Belgium. Anderlecht, Région de Bruxelles-Capitale
  • SmartFin – An entrepreneurial private equity investor in European technology growth companies. Mechelen
  • Smile Invest – Smile Invest is an independent European private equity firm that invests in ambitious growth companies. With €350m of AUM, we focus on hidden innovation champions in targeted sectors including software & technology, healthcare, and consumer products & services. Our investors are successful entrepreneurs and managers who invest to build sustainable value over the long term. Our holding period will usually be 5 years or longer. Whether as a minority or majority investor, we partner with profitable, growing companies with a proven track record. We typically invest €10-€50m+ in companies with revenues of €10-€150m+.
  • SRIW – Acteur au coeur de l’économie wallonne, le Groupe S.R.I.W. (Société Régionale d’Investissement de Wallonie) intervient financièrement, tant en Belgique qu’à l’étranger, dans des entreprises qui mènent des projets industriels ou de services générateurs de valeur ajoutée. Depuis 30 ans, il favorise ainsi le développement économique en Wallonie et contribue concrètement et efficacement à la modernisation, à la croissance et au redéploiement des entreprises de notre tissu industriel. Liège, Wallonie
  • STANDARD INVESTMENT – Standard Investment is a hands-on private equity firm focused on small and medium-sized enterprises in the Netherlands and Belgium. Through direct operational involvement by Standard Investment, portfolio companies benefit from Standard Investment managers’ expertise and experience to grow, professionalize, and/or restructure.
  • Theodorus Investment Funds – Theodorus invests in early-stage projects based on proprietary disruptive technologies. Anderlecht, Région de Bruxelles-Capitale
  • Torqx Capital Partners – Torqx invests in medium-sized companies in the Benelux with significant value creation potential. Situations include growth-, buy-and-build-, performance improvement-, turnaround- and transformational investments. We invest in a range of industries including manufacturing, distribution, and services where we can leverage the broad experience of our team. Typically, we acquire majority positions based on partnerships with entrepreneurs and management teams. We offer our companies smart capital, network, expertise, and talent to support the implementation of their plans and achieve their full potential.  Bussum
  • V-Bio Ventures – V-Bio Ventures is a venture capital fund that finds, builds, and finances young, innovative companies in the life sciences arena. Our fund works closely with Belgium-based VIB, one of the world’s premier life science institutes. We invest throughout Europe in start-up and early-stage companies with high growth potential. We focus on technologies that provide transformational improvements in the biopharmaceutical, pharmaceutical, diagnostics, and agricultural sectors. Gent
  • Vendis Capital – Vendis provides growth capital as well as buyout capital and takes the majority as well as minority stakes. Vendis currently has €370 million in assets under management. Its team operates out of 3 offices located in Belgium, the Netherlands, and France. Diegem
  • Volta Ventures – Volta Ventures provides seed & early-stage venture capital for internet & software companies in the Benelux region. The fund aims to combat the myth that the only place where high tech innovation occurs is in Silicon Valley. There are plenty of very good local startups and incubators/accelerators in the Benelux. They are all looking for a fund to close the funding gap between small angel rounds of a few hundred thousand euro and VC rounds that typically start at 1.5 million euros. This fund aims to close this gap and provide an above-average return to its investors. Gent
  • Waterland Private Equity – Waterland is an independent private equity investment group that supports entrepreneurs in realizing their growth ambitions. With substantial financial resources and committed industry expertise, Waterland enables its portfolio companies to achieve accelerated growth both organically and through acquisitions.  Bussum

Bulgaria

  • BlackPeak Capital – a co-investment growth equity fund focused on investing in high-growth Southeast European small and medium enterprises. BlackPeak Capital is funded by the European Investment Fund, part of the European Investment Bank, through the JEREMIE initiative for support of the SME enterprises in Bulgaria. Sofia
  • BrightCap Ventures – an entrepreneur-led, globally-supported, and tech-focused VC fund, based in Sofia. The fund invests in accelerator (up to €200,000 per company) and early-stage (up to €3.5m per company) businesses in the software and applied engineering fields that address global market needs. The fund’s partners have years of experience in start-up and corporate environments in Western Europe, Israel, and the US and an extended team of expert advisors in these regions, together with corporate partnerships in industry sectors for product validation and enterprise opportunities. Sofia
  • CEO Angels Club – a group of senior executives and entrepreneurs related to Bulgaria investing their own money in early-stage startups in return for equity. Our members make their own investment decisions and they can invest together or individually. They also provide expertise, contacts, and pro-active mentorship to increase company value.
  • Eleven Ventures – an early-stage investment fund based in Sofia. They started in 2012 as an acceleration and seed program and invested€12m in 115 start-ups over three years. Initially, they invested in many very early stage, pre-product start-ups, but gradually they started supporting more mature companies that have already built a product and are looking to scale. Sofia
  • Empower Capital – a EUR 21m private equity fund, providing access to equity, and quasi-equity funding to growing Bulgarian companies. The Fund invests in companies with a competitive business model and experienced team and seeks opportunities for vertical and/or horizontal integration, and regional expansion. The investments range from EUR  0.25m to EUR 3m. As a co-investment fund, Empower Capital has the capability, by partnering with other investors, to structure transactions requiring equity capital up to EUR 10m, always on a pari-passu basis. Sofia
  • Innovation Accelerator – a EUR 15.6 million fund financed by the Fund Manager of Financial Instruments in Bulgaria and private capital with the mandate to provide access to equity and quasi-equity funding to Bulgarian startup companies.
  • LAUNCHub Ventures – an early-stage VC Fund, based in Sofia and investing in digital start-ups in the wider Southeastern Europe region. The fund’s portfolio companies are in the fields of SaaS, Enterprise Software, Health-tech, E-commerce, Mobile, IoT, but its investments are not limited only in these verticals. With €30m under total management, LAUNCHub Ventures focuses on the seed space with investment ticket size in the range of €300K to 700K, expandable up to €1,5m per company. Sofia
  • Morningside Hill Venture Capital – a Sofia-based fund that provides growth capital to companies addressing relevant needs in local or international markets. The fund’s strategy is sector agnostic and geographically focused on Bulgaria and the region. Morningside Hill is looking for exceptional management teams with a viable product or service and a significant growth runway. The investment team is leveraging decades of investment experience to create value by partnering with entrepreneurs in all facets of building resilient companies. Sofia
  • Neo Ventures – the first open-ended early-stage investor, based in Eastern Europe. The founders have backed more than 30 startups and exited 10 successfully. Neo Ventures invests in game-changing businesses, without geographic limitations. We partner with exceptional founder teams to challenge incumbents in markets ripe for change or to create entirely new markets. Neo Ventures funds and then support the founders in business planning, scaling operations, follow-on investments, making the best of each opportunity, and dealing with hard situations. Sofia
  • NEVEQ Capital Partners – the oldest VC fund manager in Bulgaria and one of the few in CEE to manage more than one VC fund. In their decade of collective investment experience, they have made investments in enterprise applications software, infrastructure software, and vertical industry applications, as well as in web and mobile businesses. With their second fund, NEVEQ II, they are also considering opportunities in other emerging technologies where they can help exceptional entrepreneurs deliver growth and performance, such as health, education, and energy efficiency. Luxembourg & Sofia
  • Rosslyn Capital Partners – a leading private equity and investment management firm based in Sofia, established in 2002. Rosslyn invests in various industries and sectors, including manufacturing, food and beverage, telecommunications, information technologies, renewable energy, agriculture, and real estate development. The company has a strong long-term affiliation with distinguished foreign investors who participate alongside Rosslyn in most of its projects, contributing valuable expertise and experience. Sofia
  • Teres Capital – Teres seeks to drive growth and unlock value in the emerging markets of Eastern Europe through strategic advisory and direct investments. We bring solid expertise and sound strategy to an underserved yet promising market. We offer independent, tailored, and unconventional solutions to complex matters.

Croatia

  • FeelsGood Capital Partners – Croatia’s 30 million euro ($33 million) venture capital fund Feelsgood Social Impact Investment Fund. Feelsgood targets early- to growth-stage Croatian and Slovenian startups with an environmental and social impact.
  • Fil Rouge Capital – We love building and being a part of an entrepreneurial ecosystem where everybody plays their role. We want to make the Croatian entrepreneurial ecosystem the best in class, so expect to see a lot of us because this is what we want to achieve! Zagreb
  • Invera Equity Partners – a newly established private equity fund manager which will target total capital commitments of up to EUR 100 million. Invera will focus on supporting and developing private companies in Croatia, Slovenia, Bosnia and Herzegovina, Serbia and Montenegro with equity and equity-related investments.
  • Quaestus Private Equity – Quaestus is the leading Croatian alternative asset manager and provider of financial advisory services. Quaestus mission is to generate extraordinary returns to its investors while maintaining Quaestus’ reputation and the good name of its investors.

Czech Republic

  • Credo Ventures – Credo Ventures is a venture capital company focused on early-stage investments in Central Europe. Our mission is to identify and back the most interesting early-stage companies in the region, support them in their growth plans (including expansion to the U.S. / global market), and help to achieve their objectives. We are looking for opportunities to invest in high-growth potential companies with international ambitions and competence to execute and deliver. Our industry focus is IT, Internet & Health. Prague
  • ENERN Investments – ENERN is a multi-stage venture capital firm focused on building internet companies and backing entrepreneurial talent in the CEE region – predominantly Berlin, Prague, and Warsaw. We like projects with an angle on Marketplaces with network effects, Fintech & eCommerce. Founded in 2010, ENERN manages funds above EUR100m, including renewable energy projects. Berlin, Prague & Warsaw
  • INCOMMING Ventures – We invest in innovative projects with the vision of global expansion, primarily in the field of e-commerce. Prague
  • Inven Capital – a venture capital fund established to invest in the European new energy sector. It is backed by a major European energy utility ČEZ, a.s. and by the European Investment Bank (EIB), having EUR 240m at its disposal. Praha
  • J & T Ventures – J&T Ventures is an early-stage venture capital fund from Prague. The fund invests up to €1M in promising technology startups in seed and early stages. J&T Ventures’ geographical focus is the CEE and SEE regions, Nordics and Baltics. While not sector limited at all, its investments primarily focus on opportunities in Smart City, IoT/IoE, Retail, FinTech, Healthcare, Education, sensors, data analytics, and prediction. Prague
  • KOOPEO Ventures – KOOPEO Ventures is an investment company focused on Venture Capital projects within the CEE region. We are looking for opportunities to invest, especially in emerging projects with the potential for the high growth of revenues and company value. Our primary industry focus is E-commerce, Mobile, Internet, Affiliate marketing, and Fintech. We typically invest between 100 000 – 500 000 EUR. Prague
  • Lighthouse Ventures – Lighthouse Ventures is an early-stage and acceleration venture capital-focused on technology projects with a preference for the Czech market. Our mission in Lighthouse Ventures is to nurture inspiring ideas throughout their critical early stage, financially as well as professionally, with an international team of highly experienced tech veterans, bringing together expertise in entrepreneurship, startup mentoring, mergers and acquisitions, and media and marketing as well as a reliable business network in the Czech Republic and abroad. Lighthouse Ventures benefits from synergies and co-operation with leading Czech startup incubators, tech-partners, universities, and governmental institutions for smart city projects. It also maintains a network of highly skilled and experienced mentors for the benefit of its portfolio companies. Lighthouse Seed Fund benefits from the support and financing of the Czech ESIF Fund of Funds (CZFoF). The Czech ESIF Fund of Funds is an initiative created by cooperation between the Ministry of Industry and Trade of the Czech Republic and EIF and financed under the European Regional Development Fund within the program Venture Capital OP EIC (program Rizikový kapitál OP PIK). Prague
  • Metatron – a global investment firm with the mission to find, fund, and foster companies offering solutions to some of the world’s biggest challenges. Our intention is to invest in companies we can fully commit to and go on a journey with as they grow, mature and transform. We invest in exciting paradigm-shifting companies capable of commanding global markets while creating a legacy of positive impact. Prague
  • Reflex Capital – We are a team of passionate entrepreneurs changing the world. We founded Reflex Capital in 2012, after we successfully built and sold our own businesses. We were like you, we lived through all those up and downs and thus we invest our own money and we don’t invest into projects, but into people, their ideas and their personalities. We are still heart and soul entrepreneurs just like you. Prague
  • Rockaway Capital – Rockaway was established in 2013 as a sector-focused holding for private investments undertaken by Jakub Havrlant with a vision of building on the foundation of new technologies and the digital economy to disrupt traditional business models. Rockaway is primarily focused on investments in the areas of e-commerce, e-travel, media, fintech, and blockchain with operations in the DACH, CEE, and Balkans regions. Rockaway’s team of industry experts plays an active role in the firms within the Rockaway portfolio and often gets involved in their day-to-day management. The firms under Rockaway’s management achieved aggregated sales of more than EUR 2.5 billion in 2019 and employed more than five thousand people in 17 European countries. Prague
  • RSJ Investments – manages a large portfolio that includes investment in real estate and its development, agriculture, and engineering. It also focuses on key 21st-century sectors – information technology, bio-technologies, the production of health foods, renewable energy sources, and life sciences. RSJ Investments is a part of the RSJ Group. As is our securities trading company, RSJ Securities, through which we trade in global financial derivatives markets. Prague
  • Springtime Ventures – Springtide Ventures is a venture capital company that does early-stage ventures in CEE and Israel. We help to bring start-ups to life, materialize their founders’ visions and global ambitions. We are ready to support companies in a number of ways by tapping into our in-house product development capabilities, potential synergies with KKCG company portfolio, and network across a range of industries or simply by sharing the everyday decision-making. We have a relentless drive for success, overcoming challenges and learning while, above all, preserving our integrity and sticking rigorously to ethical norms. Naturally, we value such qualities in entrepreneurs and teams we support as they take on the challenges of building their next enterprise. Prague
  • StartupYard – Established in 2011, StartupYard is the oldest private accelerator in the CEE region. So far StartupYard has invested in and accelerated 9 cohorts of 65 startups. Its aim is to help startups grow and gain further investment while connecting them with partners and mentors to help them launch on the global stage. 22 alumni have raised further investment, for a total of over 11 million euros. 6 companies have been acquired. Prague
  • TopMonks Startup Studio – TopMonks Startup Studio invests in your dream from idea to real success. We are your tech angels & first investors. Prague

Denmark

  • 3B VenturesWe invest anywhere from pre-seed to Series A and bridge rounds. We typically look at companies raising anywhere from $250k – $1m. We work with local co-investors that bring added expertise and are committed to doing follow up investments. We currently invest in companies in Denmark, Sweden, Norway, Finland, Malaysia, Singapore, Thailand, and Indonesia.
  • Accelerace – Since 2008, Accelerace has spotted, trained, and invested in more than 500 of the most promising Danish and international startups and growth companies. Building on our knowledge, we believe that talent is the key to where it all begins: Skilled people with an entrepreneurial drive to challenge the status quo can be found at home, working in their sheds, labs, or on their laptops. However, not all of them are visible at a glance. Our ability to spot these people and nurture their ideas and talent is the most meaningful task you can take on, and we are dedicated to that. Copenhagen & Skanderborg
  • Advant Partners – Spanning the Atlantic, Advant Partners is uniquely positioned to help European companies in diverse industries take advantage of a North American market filled with opportunities. Copenhagen
  • Blazar Capital  – We continuously develop ideas for new businesses, with a focus on innovation, disruptive business models, and consumer experience enhancement. Once a plan is defined, we partner with entrepreneurs and CEOs to build a management team and launch. Copenhagen
  • Bumble Ventures – We partner early. We’re comfortable with the rough imperfection of a new venture. We help founders from day zero when the DNA of their businesses first takes shape. Copenhagen
  • byFounders – When we invest, we welcome you to our family – the byFounders Collective – a handpicked collective of more than 50 successful Nordic and Baltic entrepreneurs. Need insight and advice? We’ve got it. Need access? We open the doors to the tech giants in Silicon Valley and the business world beyond. Need more cash? We bring you in front of some of the world’s greatest VC’s from Europe and the US to accelerate your growth. Copenhagen
  • CAPNOVA– CAPNOVA er et investeringsselskab, der tilfører kapital, solid forretningserfaring og et stærkt netværk, for at innovative idéer kan blive til succesfulde virksomheder. Vi dækker Danmark fra vores kontorer i Aarhus, København og Viborg. CAPNOVA har en investeringsportefølje på +100 selskaber, hvor investeringerne frem til udgangen af 2018 er foretaget sammen med staten under innovationsmiljøordningen. Fra 2019 er denne ordning stoppet, men CAPNOVA arbejder fortsat aktivt med disse investeringer og forventer fra 2020 igen at kunne investere i nye selskaber som privat investeringsselskab. Aarhus
  • Concentric – Focussing on the European technology space, Concentric invests between €0.5 – 5m over the life of an early-stage growth company. Copenhagen & London
  • Founders – Founders are owned and financed by three investors, Kirkbi invest, William Demant Invest, and Heartland, which perfectly embody the traditional business building values we aspire to instill in our companies. Berlin & Copenhagen
  • Futuristic – an early-stage venture firm is backing technology companies coming out of the Nordics. We help with strategic guidance through the initial phase of your journey and with introductions to follow-on investors. Copenhagen
  • Heartcore Capital  – an early-stage venture capital firm devoted to backing exceptional founders building category-defining consumer internet brands. Heartcore has raised over $500 million in committed capital across four fund generations. The firm has offices in Copenhagen, Berlin, and Paris but invests across Europe and occasionally in the United States. Heartcore has backed more than 70 exceptional founding teams. Berlin, Copenhagen & Paris
  • InQvation – We provide capital for early-stage start-ups as well as later-state growth cases. Think of us as a trusted team member that brings the opposite of short-sighted exit strategies to the table. We’re more interested in partnership than ownership. Taastrup
  • LEGO Ventures – Unparalleled knowledge and understanding of the children’s consumer and education markets. From the LEGO brand and bricks to LEGO Education through to additive manufacturing, The LEGO Group is a robust vertically integrated company, and we are committed to helping inject that expertise into our portfolio companies when and where it is needed. Copenhagen
  • Lundbeckfonden Ventures – We are an evergreen life science venture fund established in 2009 wholly owned by the Lundbeck Foundation. Our structure as an open evergreen fund allows us to be flexible in our investment approach and also the possibility, when appropriate, to take a long-term perspective in our investments. On an annual basis, we invest approximately € 50 million. We focus mainly on Europe and the US and is a financially driven fund operating independently from the Lundbeck Foundation’s controlling ownerships in H. Lundbeck, ALK-Abelló, and Falck. Copenhagen
  • Maersk Growth – Growth is part of Maersk’s overall efforts to drive the transformation of the transport and logistics industry and shape the future of trade. Growth is Maersk’s launchpad for new ventures. We build, partner with, and invest in the future stars of business. We connect startups and ideas with operational expertise and world-class infrastructure. Copenhagen
  • Nordic Alpha Partners – Nordic Alpha Partners is a Northern European venture/growth capital fund, targeting high potential SME companies with either tangible products or digital solutions, “enabling”​ or “leveraging”​ the 4th Industrial Revolution. Nordic Alpha Partners’ investment philosophy is that maximum value is generated, via a highly committed and operationally supporting ownership model, enabling strong founder teams, to build successful global companies. Hellerup (Copenhagen)
  • Nordic Eye Venture Capital – We invest in carefully selected and mainly Nordic early-growth companies in the tech and lifestyle domain. We look for ambitious companies with high scalability and innovative business models. In addition to funding, our portfolio companies benefit from access to our talent, global network, and business relationships that can help validate their solutions and accelerate success in the market. Copenhagen
  • Nordic Makers – Early-stage companies need angels who invest in founder-friendly terms and advisors who have made the whole journey – from garages to exits and IPOs. We spend our children’s money and our expertise and network to help entrepreneurs build exceptional and enduring companies. Copenhagen
  • North-East Venture – North-East Venture is a venture fund based in the heart of Copenhagen. We aim to invest in both Danish and global growth companies. NEV has few, but financially secure investors with a long time horizon. We are openminded, patient, and thorough in our research and screening. We focus our investments on energetic and passionate teams with a good understanding of both value creation, business, creativity, and hard work. Copenhagen
  • Novo Holdings – Novo Holdings A/S, a private limited liability company wholly owned by the Novo Nordisk Foundation, is the holding company in the Novo Group, and responsible for managing the Foundation’s assets. Besides being the major shareholder in the Novo Group companies Novo Nordisk A/S, Novozymes A/S and NNIT A/S, Novo Holdings provides seed and venture capital to development-stage companies and takes significant ownership positions in well-established companies within life science, as well as manages a broad portfolio of financial assets. Hellerup
  • Ørsted Ventures – Ørsted develops, constructs, and operates offshore and onshore wind farms, bioenergy plants and provides energy products to its customers. Copenhagen
  • Prehype – We aim to combine world-class business people and engineers with our passion for experience design to craft successful digital products that matter for people. New York, London, Copenhagen and Sydney
  • PreSeed Ventures – PreSeed Ventures pioneered early-stage investment in Denmark nearly 20 years ago. We have backed more than 400 talented and brave founders, and our support played a crucial role in getting companies like Vivino and Trustpilot off the ground. Kongens Lyngby
  • Promentum Equity Partners – Promentum Equity Partners was founded on the vision of building outstanding technology businesses. We back ambitious entrepreneurs in making a real and lasting impact on their business ideas. We invest in companies with strong value propositions, significant market potential, and passionate entrepreneurs. Copenhagen
  • Scale Capital – Scale Capital is a privately held early-stage venture fund investing in innovative and scalable technology ventures within consumer internet and enterprise software. Scale Capital primarily invests in Danish companies with an ambition to enter the US market place. Copenhagen
  • SEED Capital – Seed Capital is Denmark’s largest venture capital fund within the seed segment investing in technology companies. Copenhagen
  • The Nordic Web Ventures – We invest in ambitious pre-seed Nordic startups. The Nordic Web Ventures is an Angel Fund run by Neil S W Murray, backed by 50+ community builders, entrepreneurs, and investors passionate about supporting early-stage Nordic startups. Copenhagen
  • Vaekstfonden – Vækstfonden er statens finansieringsfond, og vi arbejder for at styrke danske virksomheders adgang til risikovillig kapital, så de kan skabe ny innovation, vækst og arbejdspladser. I tætte partnerskaber med banker og private investorer fra ind- og udland finansierer vi virksomheder i alle brancher over hele landet. Og vi kan være med hele vejen – fra virksomhedens spæde start, gennem høj vækst til rejsen ud på de globale markeder og børsnoteringer. De virksomheder, Vækstfonden har medfinansieret siden 1992, har i dag en samlet omsætning på mere end 117 mia. kr. og beskæftiger ca. 75.000 medarbejdere fordelt over hele landet. Hellerup
  • Venturerock – We provide funding based on predetermined metrics and milestones to stimulate founding teams in achieving their goals. In this, we are powered by a new-age venture capital investment platform that digitizes the full investment supply chain, reducing the complexity of seed to early-stage startup financing, and taking out the friction between entrepreneurial and investor interests. Copenhagen
  • Verdane Capital – We invest in growth businesses whose development and proven potential are underpinned by technology, and supported by long-term structural growth trends, such as offline-to-online migrations, demographic shifts, or changing consumer habits. Berlin, Copenhagen, Helsinki, London, Oslo, Stockholm
  • VF Venture – VF Venture is the direct investment vehicle of Vaekstfonden, partnering with private investors to invest equity in innovative Danish enterprises with global ambitions. Vaekstfonden is the Danish state’s investment fund using equity investments and loans to create more new growth companies by making both capital and competences available. Since 1992, Vaekstfonden has cooperated with private investors to co-finance growth for more than 7,300 enterprises, a total investment of more than DKK 22.5 billion.
  • Zibra Family Office focusing on innovation and entrepreneurship and their firm belief that challenging the status quo is a core value. Tåstrup

Estonia

  • Ambient Sound Investments – Ambient Sound Investments (ASI) was established in 2003 as an equal partnership by four founding engineers at Skype to hold a minority stake in Skype. At the end of 2005 ASI sold its Skype shares to eBay and now operates as a private investment vehicle. Today, we are a team of 15 people managing € 100 million of assets. ASI’s portfolio consists of 30 companies which are located in Europe, the US, and Asia. ASI as an investor has an interest in technology start-ups with a focus on B2C software, web and mobile applications, and social media. ASI is funding early-stage companies that are typically looking to raise Seed or A-round investments. Besides financing, ASI wants to share its experience in software engineering and business development and contribute actively to the growth of portfolio companies.
  • BaltCap – the largest private equity firm in the Baltic States focusing on small and mid-market buyouts, expansion capital, and infrastructure investments. BaltCap has a strong presence in all three Baltic countries with local offices and an experienced team of 25 professionals. Since 1995, BaltCap has been managing several private equity and venture capital funds with total capital of over EUR 400 million and has made more than 70 investments.
  • Change Ventures – We are an early-stage venture capital fund backing ambitious Baltic founders. Investing up to €500k in seed-stage technology startups – we can lead, follow, or syndicate. Change has no boundaries. Tallinn
  • Karma Ventures – Karma Ventures (karma.vc) is an early-stage venture capital firm specialized in late seed and A round investments in Europe’s most promising tech startups. Tallinn
  • Small Enterprise Assistance Funds (“SEAF”​) – a global investment firm focused on providing growth capital and operational support to businesses in emerging markets and those underserved by traditional sources of capital. SEAF selectively makes structured debt and equity investments in locally owned enterprises with high growth potential. Investors include a cross-section of public and private institutions, including several of the international finance institutions, local pension funds, insurance companies, banks, and family offices. Amsterdam, Sofia, Estonia, Tbilisi, Pristina (Serbia), Skopje, Chisinau, Podgorica, Poland, Bucharest, Belgrade, Ljubljana
  • SmartCap – a government-held fund of funds seeking to invest in private fund management teams. SmartCap manages early-stage venture capital fund Early Fund II. Total assets under management are EUR 40 million. Based on the present investment strategy, we are making new investments into early-stage venture capital funds. In line with investments, we build meaningful partnerships with best venture capital fund managers in the region to validate, accelerate and finance outstanding companies. Tallinn
  • Spring Capital – We invest in exceptional companies in the Seed and Growth stage. We’re active in the New Nordics region (Scandinavia + Baltics) WHERE WE INVEST: 1. SEED FUND. Typical check size €100K as part of a €500K-€1M round. Also, we’ll provide hands-on advice for your team regularly about strategy and achieving operational excellence. When leading the investment, we, too, do our best to find co-investors and help put together the document stack. 2. GROWTH FUND. Small-Cap Private Equity for companies with proven track and strong market position. Our strategy is to acquire a minority shareholding in exchange for EUR 300K-700K investment. Tallinn
  • Superangel – a community of successful founders taking you to the next level. We offer early-stage investments from entrepreneurs to entrepreneurs. Tallinn
  • Tera Ventures – We have a presence in Estonia and Finland, plus global contacts and experience. We leverage and create access to global markets and capital pools, as well as value creation and realization for our portfolio companies. As former global entrepreneurs ourselves, we have walked in the shoes of our clients, and we place the relationships with our founders at the heart of our business. Helsinki, Los Angeles, Tallinn
  • Trind Ventures – an early-stage tech investor established by Joel Aasmäe, Ivar Siimar, Kimmo Irpola, and Taavi Lepmets. The team has invested in Norther and Central Europe since 1999 and made over 30 investments. Tallinn
  • United Angels VC – We are a €16m venture capital fund, focusing on investments into promising tech startups from seed to A-rounds. Our primary focuses are on B2B, SaaS, fintech, and marketplaces. Tallinn

Finland

  • Business Finland (formerly Tekes) – a Finnish funding agency specialized in research communities, industry, and service sectors.
  • Butterfly Ventures – Butterfly Ventures invests into early-stage startups either in seed or pre-seed phase. Butterfly Ventures is investing in the seed stage startups, mainly from Finland, but also from other Nordic countries and Baltics.  We prefer to get involved with companies early on. 80% of our portfolio companies do not have any revenue at the time of our entry. However, we’re very business-driven, typically our portfolio companies start generating revenue in less than six months from the first investment. Right now, we’re looking for deep tech, HW, and HW interfacing SW. Oulu & Helsinki
  • EduImpact Venture Capital – Finland is well-known for three strengths: Education, Technology, and Social Equality. EDUIMPACT Venture Capital is built on these three pillars to solve the biggest bottleneck of the Education Companies’ success: access to the professional seed and growth capital. Helsinki
  • Evli Growth Partners – Evli Growth Partners is a Finnish VC investing in the most beautiful Nordic and Baltic companies in Series A and Series B. We’re looking for founders who are exceptionally capable of execution and ready to win their lucrative markets globally. We are industry agnostic but want to see proven unit economics and a few million euros of revenue when we partner with you. Helsinki
  • Finnvera – Finnvera makes direct investments in early-stage enterprises through Seed Fund Vera Ltd. Finnvera’s goal is to cover shortcomings existing on the market between product development funding and private equity investments. Finnvera does not compete with private financiers; instead, it strives to supplement the financial market. Finnvera’s investments enable, start, and accelerate growth and internationalization among investment targets. Enterprises are developed to make them attractive targets for further financing by other investors and industrial actors. Investments are made in technology enterprises at an early stage and in technology-intensive or innovative service enterprises that have the potential for developing into international growth enterprises. Finnvera is also known as a specialized financing company owned by the State of Finland. It provides its clients with loans, guarantees, venture capital investments, and export credit guarantees.
  • Icebreaker.vc – Icebreaker.vc is a venture capital firm and community on a mission to help build influential tech companies. We invest €50k – €350k in very early stages in Nordic & Baltic software-driven companies with a strong founder team. Helsinki
  • Innovestor – We are a Nordic early-stage venture capital investor, who actively offers direct co-investment opportunities and builds growth programs. The Finnish Financial Supervisory Authority supervises Innovestor Ltd. Innovestor offices are located in Helsinki, Jyväskylä, Stockholm, and Moscow.
  • Inventure – Inventure is a Nordic technology fund backing early-stage entrepreneurs. Having our roots in Finland, we enjoy domains many don’t feel comfortable with and make big bets on deep tech. The strong capital base allows us to lead investments, starting from initial seed-stage through expansion. Helsinki
  • IPR.VC – a venture capital investment company that specializes in intellectual property in digital media content, communications, and entertainment. Helsinki
  • Lifeline Ventures – Lifeline Ventures is a Helsinki-based early-stage VC investing in health, games, web, and tech. Founded by serial entrepreneurs, we work with early-stage companies in funding, sales, technology, strategy, and operations. Lifeline Ventures invests in future category-leading companies with strong founders. To date, we have invested in more than 70 companies. Our investment ticket size ranges from 100 kEUR to 2 mEUR, and we participate in angel, seed, and Series A rounds. Helsinki
  • Maki.vc – Maki.vc is an early-stage venture capital firm dedicated to partnering with founders who never conform to category standards. From inception to series A and beyond, we partner with deep tech and brand-driven companies obsessed with challenging category norms. Helsinki
  • NGP Capital – NGP Capital provides deep industry expertise and an extensive network to help entrepreneurs accelerate company growth. With offices in the US, Europe, India, and China, NGP Capital extends the reach of companies making their products and services local everywhere. With more than $1bn under management, NGP Capital’s portfolio includes Xiaomi, Deliveroo, Quikr, Babbel, Kaltura, UCweb, and more. Helsinki & Geneva
  • NordicNinja VC – A new venture capital fund is supporting scale-up goals in the New Nordics. Helsinki
  • OpenOcean – OpenOcean is an early-stage venture capital firm operating across Europe with offices in London, Helsinki, and Amsterdam. With an entrepreneurial background from building several category-defining software businesses, the firm engages with founders to develop global and scalable companies delivering data-intensive and good software solutions. OpenOcean typically leads or co-leads European €5M Series A funding rounds. Since its inception, the firm has raised three funds totaling €150M. Amsterdam, Helsinki & London
  • Reaktor Ventures – Reaktor Ventures is laser-focused, helping seed stage companies become global leaders. We invest from tens of thousands up to one million euros. Helsinki
  • Sisu Game Ventures – an evergreen investment company, not a fund, which means there’s no pressure for exits. We like to invest very early, preferably first money in – pre-revenue and most often pre-product. The main thing is that we invest in teams – the people making the games – not just individual IPs or metrics. In addition to money, we invest our time and expertise to help level up the company for the next phase.
  • Superhero Capital – Superhero Capital is to founders what Alfred is to Batman – the help from behind the scenes. We know what it takes to strive for the seemingly impossible, with the stubborn determination to make it globally. We’ve had our fair share of success – and the occasional failures – to know what it takes to create a company from scratch. We’ve collectively founded, worked at, and invested in over 60 startups in various fields including eCommerce, fintech, healthtech, and industrial tech. We’re interested in early-stage ventures run by passionate founders with massive ambitions. We’re looking for the next superheroes aiming for global domination while changing the world for better. Helsinki
  • Tera Ventures – We have a presence in Estonia and Finland, plus global contacts and experience. We leverage and create access to global markets and capital pools, as well as value creation and realization for our portfolio companies. As former global entrepreneurs ourselves, we have walked in the shoes of our clients, and we place the relationships with our founders at the heart of our business. Helsinki, Los Angeles, Tallinn
  • Tesi – Tesi is a venture capital and private equity company that accelerates companies’ success stories by investing in them. Helsinki
  • Valve Ventures – Valve Ventures is a Helsinki-based angel and early-stage venture investor.
  • Verdane Capital – We invest in growth businesses whose development and proven potential are underpinned by technology, and supported by long-term structural growth trends, such as offline-to-online migrations, demographic shifts, or changing consumer habits. Berlin, Copenhagen, Helsinki, London, Oslo, Stockholm
  • VNT Management – We are one of the first venture capital management companies in Europe that focuses on clean technologies, in particular, renewables, electrical systems, and energy savings. We are active in the Nordics and German-speaking countries. We have three funds with a total investment capital of €157 million under management.

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