WeFund Ventures

WeFund Ventures is an early-stage venture capital firm focused on promising projects across biotech and internet sectors. The firm also operates an acceleration fund that provides financing on very early stages. It has an efficient syndicate funding structure that allows to mobilize substantial funds thus keeping great flexibility and speed. Founded in 2017, WeFund Ventures is headquartered in Tallinn, Estonia.

Dmytro Ruzhytskyi

Partner

Skubenko, Alex

CEO

2 past transactions

Payris

Seed Round in 2019
Payris is an ecosystem where customers publish their wishes and businesses complete them. Using Payris, consumer can publish a wish, get connected to a supplier who can complete the wish, and get rewarded for making their wishes come true through the app. Vendors may use Payris to buy hot leads and data for research. The platform tackles and solves the problem of social networks collecting and exploiting user data for free – Payris rewards users for sharing their wishes and completing surveys.

A.D.A.M.

Seed Round in 2018
A.D.A.M. is a 3D bioprinting startup that develops a Point-of-Care Medical Device Production System for bone implants. While our first product lines will be bone implants, we are planning to expand the portfolio further to include other implants in the future. We have recently secured partnerships with Mount Sinai, Yale School of Medicine, and the Ministry of Health in Ukraine, as part of our go-to-market strategy. We were also featured as one of the technologies to watch in 2022 by the Economist as well as 2023 Advanced Manufacturing Start-Up Technology Award Runner-Up. Our ultimate vision is to build an on-demand personalized tissue manufacturing platform that would be a one-stop shop for bioprinted tissues and organs; and, hence, to cut barriers to medical treatment for millions. A.D.A.M. is pioneering a service model, where the turnkey system will be installed and maintained by A.D.A.M. at the hospital for a monthly subscription fee. This specifically differentiates us from the current state of the market, significantly lowers the cost and paves the way for scaling of the platform to other markets by sector and geography. Currently there is no end-to-end solution for 3D printing in hospitals, and should the hospitals want such capability on-site they need to build it themselves. Setting up the Point-of-Care custom implant manufacturing process at the hospital is costly (>$1M), time-consuming (>2 yrs), and burdensome. The main issues of the existing approach arise due to its non-scalability - 3D companies are selling materials, printers and software separately. A.D.A.M.’s turnkey system that can be set up within 3 months, cut costs by >50%, increase profit/surgery, and generate additional revenues for hospital.
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