Trind Ventures is a venture capital firm headquartered in Tallinn, Estonia, founded in 2016. It focuses on early-stage investments in European startups across B2B and B2C software, marketplaces, and information and communications technology, with a particular emphasis on consumer and community-driven ideas such as apps, marketplaces, music technology, local services, and circular fashion. The firm supports portfolio companies from initial investment through subsequent funding rounds, aiming to accelerate growth and build lasting businesses with a long-term perspective. It maintains active involvement with founders and emphasizes candid, straightforward partnerships.

Superangel is a Tallinn-based early-stage venture capital firm that backs technology startups in Europe and the United States. Founded in 2018 by tech entrepreneurs, the firm focuses on early investments across artificial intelligence, robotics, mobility, logistics, fintech, and software-as-a-service, seeking globally scalable opportunities and sector-agnostic potential. It supports portfolio companies with network leverage and practical tools to accelerate growth, having backed notable startups such as Bolt, Pipedrive, Grabcad, and Veriff. Typical investment sizes range from about €50,000 to €2 million, with follow-on capacity, and the firm actively pursues opportunities across the Baltics and Nordics with a global outlook.

Change Ventures is a Tallinn-based venture capital firm that backs Baltic startup founders at seed and pre-seed stages, focusing on Estonia, Latvia, Lithuania, and Baltic diaspora entrepreneurs building technology-driven businesses worldwide. It makes initial investments of 100,000 to 500,000 euros and provides hands-on support to help portfolio companies reach product-market fit, secure follow-on funding, and scale, drawing on a network of experienced investors and partners. The team combines backgrounds in startup leadership, venture capital, and technology, and the firm emphasizes a founder-friendly, efficient investment process. Its portfolio spans multiple sectors, including marketplaces, artificial intelligence applications, fintech, EdTech, robotics, and SaaS, reflecting a broad tech focus in Eastern Europe and beyond.

Lemonade Stand is a Tallinn-based early-stage venture capital firm that backs technology startups in the Baltic and East European region, with a focus on B2B companies. It provides seed-stage funding to support strong teams, promising technologies, and traction, and is open to pre-revenue or pre-product ventures, participating in seed rounds for larger opportunities and prioritizing ambitious, experienced, and diverse teams.

ASP Asset Management is a Riga-based venture capital firm founded in 2022 that backs early-stage startups in the Baltic region. It focuses on pre-seed and seed investments and enables clients to form investment syndicates for high-risk projects, allowing smaller investments across multiple startups to diversify risk. The firm collaborates with business angels, family offices, and investment funds worldwide and maintains close ties to LatBAN, the Latvian Business Angel Network. It supports fast-moving startups with strong growth potential and has been honored at the Latvia Investment Awards 2024 and nominated for Best Syndicate of the Year, reflecting its active role in fostering Baltic startup growth.

Gorilla Capital is a Helsinki-based venture capital firm that makes early-stage investments in technology-enabled startups across Finland, Sweden, Denmark, Estonia, the United Kingdom, and the Baltic states. Founded in 2012, the firm concentrates on capital-efficient software companies at pre-seed and seed stages, seeking products that achieve measurable customer traction and sustainable growth. Gorilla Capital emphasizes a disciplined, milestone-driven approach, funding progress rather than promises and avoiding premature scaling. The firm looks for pragmatic, resilient founders who deeply understand their customers and pursue realistic paths to profitability. Its emphasis is on supporting founders to build durable businesses, with the aim of delivering reliable returns for investors while empowering companies to reach meaningful market impact.

DEPO Ventures is a Prague-based venture capital firm that oversees an angel fund and an angel network, providing capital advisory services to early-stage startups. Founded in 2016, the firm focuses on European companies, particularly in the Baltic and Central and Eastern Europe regions, and concentrates on building critical infrastructure and dual-use technologies. Its investment scope includes cybersecurity, defense, space, fintech, climate, healthtech, and industrial technology, with an emphasis on technologies that strengthen Europe’s infrastructure. DEPO Ventures supports founders with strategic capital and hands-on guidance, leveraging a network of later-stage investors and industry experts, and maintains an active community through DEPO Angels. Typical investment tickets range from 250,000 to 500,000 euros, with valuations up to several million euros.

Lead Ventures is a Budapest-based venture capital firm that finances and supports scale-ups in Central Europe, partnering with management to drive long-term growth. The firm focuses on mobility, energy and sustainability, and B2B services and software, while remaining open to other sectors with strong market potential. It provides equity investments in the typical range of 2 to 10 million euros per deal and emphasizes active ownership, governance, and strategic guidance to accelerate expansion. Lead Ventures operates with backing from MOL and financial partners such as the Hungarian Development Bank and Eximbank, reflecting a regional network of corporate and public investors dedicated to the startup ecosystem.

Metaplanet is an evergreen investment firm based in Tallinn, Estonia, that supports deep-tech ventures with a mission to advance humanity's long-term survival. Adopting a founder-friendly approach, it provides hands-off yet responsive support, emphasizing autonomy, a long-term perspective, and a commitment to meaningful, safe products. The firm invests across AI and robotics, life sciences, enterprise technologies, consumer technology, crypto, and related sectors, backing notable companies such as Anthropic, ŌURA, Protocol Labs, and Zama. Metaplanet seeks novel, evidence-based innovations capable of delivering outsized, societal benefits, and prioritizes investments that address critical risks facing humanity, particularly those related to AI. With more than 170 portfolio companies and over 50 exits, the firm positions itself as a patient partner for founders pursuing ambitious, beneficial breakthroughs. Metaplanet's portfolio approach blends strategic backing with a focus on durable impact, aligning financial returns with long-term human progress.

FIRSTPICK is a venture capital firm based in Vilnius, Lithuania, that invests in early-stage Baltic tech startups at inception and pre-seed, with a focus on AI-first software, SaaS and fintech. The firm typically provides initial checks of 100,000 to 500,000 euros, with potential follow-on funding up to 1 million euros. Beyond capital, it offers portfolio companies access to a network of 250+ founders and 100+ experienced operators, alongside practical early-stage know-how to accelerate growth. Established in 2022, FIRSTPICK backs companies across the Baltic states, including Lithuania, Latvia and Estonia, across sectors such as AI, fintech, SaaS, deeptech and consumer marketplaces. The approach emphasizes a streamlined investment process and hands-on support to help founders build and scale technology-driven businesses.

2C Ventures is a Northern Europe-based early-stage venture capital firm focused on clean tech and climate technology. Based in Tallinn, Estonia, it backs founders delivering breakthrough technologies across the clean tech spectrum from pre-seed to Series A, typically investing €250k to €1m. The firm supports opportunities in energy transition, circular economy, sustainable food and agriculture, climate and carbon, sustainable transportation, and resource efficiency, evaluating potential on environmental impact, technical merit, scalability, and a clear path to commercialization.

Iron Wolf Capital is a European seed and early-stage venture capital firm based in Vilnius, Lithuania. It pursues a global outlook with roots in the Baltic region and London, investing in AI, deep tech and related ventures primarily in the Baltic area and nearby markets. The team blends entrepreneurial and financial experience and often leads rounds, with typical investments ranging between 0.5 and 5 million euros. Its portfolio covers defence, AI, robotics and healthcare, reflecting a hands-on approach to helping startups scale internationally. Beyond investing, Iron Wolf Capital engages the ecosystem by publishing Baltic Deep Tech analyses and hosting events to foster networking and knowledge sharing while upholding ESG principles.

Superhero Capital is a Helsinki-based venture capital firm that makes seed-stage investments in software-enabled startups, primarily in Finland and the Baltic states. It focuses on early-stage technology companies across B2B software, health tech, fintech and IoT, and typically writes checks from €100,000 to €1,000,000. The firm emphasizes understanding founders’ journeys and providing support beyond capital without taking on day-to-day operations. Its activity centers on the New Nordics region, aiming to back ambitious teams and help them scale in the region’s technology ecosystem.

ZGI Capital is a Riga-based private equity and venture capital firm founded in 2005 that raises and deploys capital for growth investments in the Baltic region and CIS. It pursues minority stakes across a broad range of stages, typically investing between €0.5 million and €5.0 million per company, with larger sums possible when bank or leasing financing is available. The firm targets sectors including metalworking, food, wood processing, logistics, information technology, engineering, retail and services exports, and works with management teams to accelerate export market access, scale operations and improve profitability. Licensed by the Bank of Latvia as an alternative investment fund manager, ZGI Capital has pursued multiple generations of funds and has completed numerous investments and exits since 2005, reflecting its experience in the Baltic market.

fff.club is a community-driven platform focused on private market investing for founders and tech professionals. It has over 610 members and has facilitated €17M in investments across 17 deals over three years. The platform provides access to exclusive deal flow, educational resources, and networking opportunities with prominent tech leaders from Bolt, Wise, and Vinted, aiming to empower users with knowledge and tools for informed investment decisions in venture capital, private credit, and real estate. It offers a forum, weekly market updates, and opportunities for co-investment, emphasizing a holistic approach to wealth management beyond traditional metrics. The platform operates through subscription services and is not a licensed financial advisor; users are advised to consult their own advisors before making financial decisions.

SmartCap is Estonia's state-owned venture capital fund manager focused on fostering innovation and economic growth. Based in Tallinn, it functions as the investment arm of national development programs and oversees funds including the SmartCap Venture Capital Fund, the SmartCap Green Fund and the SmartCap Defence Fund, employing a fund-of-funds approach to back private fund managers and directly invest in Estonian startups from pre-seed to scale-up, with emphasis on Greentech and defense technologies. It partners with venture managers to validate and finance high-potential companies and aligns investments with Estonia's 2035 goals. Since its establishment, SmartCap has backed 495 companies, generating 2.22 billion euros in revenue, creating 3,540 jobs and contributing 109 million euros in tax revenue.

Tera Ventures is an Estonian venture capital firm based in Tallinn that backs early-stage, born-global digital startups across Europe, with a focus on AI-powered innovations in enterprise software, FinTech, security, and robotics/deeptech. It operates in Estonia, Denmark, Sweden, Finland, Latvia, Lithuania, Poland and the Czech Republic, and typically makes initial investments and provides significant follow-on funding to support portfolio growth. The firm takes a hands-on, founder-friendly approach, often leading rounds and helping portfolio companies scale internationally through a global advisory network, including access to expertise and connections for market entry into the United States, the United Kingdom and Japan.

Overkill Ventures is a Riga-based venture capital firm that invests in early-stage technology startups, primarily at pre-seed and seed rounds. It targets business-to-business software and other B2B tech ventures across the Baltics, Nordics, Central and Eastern Europe, and the CIS. The firm maintains a portfolio of pre-seed investments and has a history of exits. It operates through associated funds and partnerships to support startups, including Accelerace for Nordics and Baltics pre-seed startups and New Nordic Ventures for seed-stage B2B software startups in the CIS/CEE region. The firm is led by David Ventzel, Peter Marculans, and Dmitry Saikovsky.

J12 Ventures is an early-stage venture capital firm founded in 2019 and based in Stockholm, Sweden, with additional offices in the United Kingdom and Finland. The firm concentrates on technology and software companies, with a particular emphasis on artificial intelligence, including data infrastructure, MLOps, developer tools, and predictive analytics. It pursues pre-seed and early-stage investments across the Nordics, Sweden, Finland and the Baltics, and operates with a global reach, backing founders who demonstrate ingenuity, curiosity, and resilience. The firm funds startups across sectors, including industrial, finance, retail, energy, cybersecurity, and legal, and supports AI-enabled applications and infrastructure that enable scalable data use and enterprise AI adoption. Typical investment sizes range around €0.1 to €2 million in equity, reflecting a focus on helping founders propel early growth and establish a foundation for significant scale in the AI era.

Outlast Fund is a venture capital firm operating in the Baltics and Nordics with bases in Riga and Stockholm. It provides early-stage and follow-on capital to software, science, and other innovative ventures, focusing on pre-seed and seed rounds and supporting portfolio companies through subsequent rounds as needed. The firm manages a total fund size of about €21 million and typically makes initial investments in the €50k–€250k range, with up to €1.5 million available for follow-ons. It concentrates on B2B software, SaaS, fintech, cybersecurity, and related areas, while also considering AI infrastructure, digital health, and deep-tech ventures with strong traction or defensible IP. Outlast Fund emphasizes disciplined teams, meaningful progress, and customer-focused problem solving, and it provides strategic guidance, hiring support, and fundraising help to its portfolio companies. It prioritizes a streamlined investment process, direct communication, and transparent collaboration.

Prototron is an Estonian accelerator and early-stage fund based in Tallinn, founded in 2012. It supports technology startups by financing prototype development and providing mentoring, training, and networking, with a focus on greentech, electronics, mechatronics, and ICT. Prototron conducts 3-4 rounds of financing each year and aims to turn inventive ideas into functional prototypes. Since its inception it has funded dozens of teams and helped them advance toward market-ready solutions, contributing to measurable portfolio activity such as revenue generation and capital raises within its ecosystem. The program emphasizes equity-free financing for prototypes and collaborates with partner organizations to foster entrepreneurship and technological advancement.

byFounders is a Copenhagen-based, community-driven venture capital firm that backs early-stage technology startups in the Nordics, Baltics, and beyond, including Silicon Valley. Founded by experienced founders and operators, it offers hands-on mentorship, network access, and tailored support to portfolio companies from pre-seed to Series C. The firm emphasizes founder-centric collaboration, transparency, and speed, publishing its term sheets and providing strategic guidance, potential board involvement, and access to a broad network of 35+ founders, operators, and angels. Its portfolio spans deep tech, SaaS, energy and climate, fintech, and artificial intelligence, with global reach and a team of investment professionals plus operational staff. The organization aims to accelerate growth by challenging ideas, opening doors, and enabling ambitious founders to scale internationally.

Butterfly Ventures is a Nordic seed- and early-stage venture capital firm founded in 2012 and headquartered in Oulu, Finland, with offices in Oulu, Helsinki and Stockholm. It backs technology‑driven startups across the Nordic and Baltic regions, with a focus on deep tech, hardware and hardware interfacing software, often investing at pre-revenue stages. The firm emphasizes a collaborative approach and provides support and follow-on capacity to portfolio companies as they grow. It prioritizes sustainability and social or environmental impact, and has pursued carbon neutrality as part of its operating philosophy. While originating largely in Finland and Sweden, Butterfly Ventures actively tracks industry trends and supports entrepreneurs with expertise in technology, finance and business development to help sustainable scale.

Curiosity Venture Capital is an Amsterdam-based venture capital firm that funds early-stage artificial intelligence software companies across the Nordic, Baltic, and Benelux regions. The firm focuses on four themes - Sustainable Living, Trusted Society, Future of Work, and Future of Commerce - and provides hands-on support through strategic guidance, access to its network, and fundraising assistance to help portfolio companies grow. It backs European founders building responsible AI software to serve global markets and emphasizes pragmatic, founder-friendly support and integrity in its partnerships.

Nordic FoodTech VC is an early-stage venture capital firm based in Helsinki, Finland, that concentrates on deep technology innovations in the food industry. It focuses on supporting Nordic and Baltic startups across the food value chain, ranging from alternative proteins and fermentation-derived ingredients to sustainable packaging and agri-tech, at the seed and early growth stages. The firm seeks to transform the global food system by backing ventures addressing health, climate, and sustainability challenges, drawing on a team of venture scientists, industry advisors, and strategists to help portfolio companies scale. It engages with innovators across areas such as sustainable ingredients, precision fermentation, upcycling, data-driven farming, and innovative distribution models.

Revo Capital is a venture capital firm founded in 2013 and based in Istanbul, Turkey. It focuses on backing early- to growth-stage technology startups, prioritizing Turkish-founded and Turkish R&D-driven companies while extending investments to opportunities in Eastern Europe and the Baltics. The firm places AI as a core driver of its strategy and invests across six verticals: B2B software as a service, FinTech, Cloud and Cybersecurity, HealthTech, EnergyTech, and Gaming. Revo Capital supports founders building globally competitive technology companies from Türkiye and the Turkish diaspora, combining capital with the network and growth capabilities needed to scale regionally and internationally.

Inventure is a Helsinki-based venture capital firm that invests in early-stage technology startups across the Nordics and Baltics. Founded in 2005, it backs ambitious founders across sectors including deep tech, software, healthtech and consumer internet, aiming to support companies with the potential to disrupt markets and improve lives. The firm typically participates early, with initial investments starting from 100 thousand euros and up to 10 million euros over a company’s lifecycle, and provides active backing to help portfolio companies scale. Its portfolio covers a wide range of technology-enabled businesses, reflecting a generalist yet impact-oriented approach to building durable regional growth.

Insta Ventures is a venture capital firm founded in 2019 and based in Limassol, Cyprus. It makes investments in early-stage IT technology startups, with a focus on software as a service, enterprise software, mobile applications, and related sectors such as robotics, fintech, IoT, artificial intelligence and machine learning, AR/VR, devops/cloud, edtech, and crypto/blockchain. Typical investments range from $100,000 to $500,000 during seed to late seed/pre-round A rounds. The firm supports portfolio companies with marketing and sales development and prepares them for subsequent funding rounds, and it pursues co-investments with other funds. It targets fast-growing startups with global potential, and has sought opportunities connected to Nordic and Baltic origin markets.

Conor Venture Partners is a Finnish venture capital firm based in Espoo, founded in 2005. It focuses on early-stage technology companies across the Nordic and Baltic regions, investing in IT, communications, software, electronics, embedded software, semiconductor technology, and optics.

Baltic Technology Ventures is a venture capital firm that invests in startup projects and technologies.

Nefco is an international financial institution focused on accelerating the green transition by financing the initial scale-up of Nordic green solutions in international markets. Established in 1990, it has financed over 1,800 green projects and disbursed €77.9 million in 2025, with 324 projects ongoing at year-end. About 80% of its investments align with the EU Taxonomy. Nefco supports sectors including energy efficiency, renewable energy, clean water and sanitation, waste management, and cleaner industrial processes, and works with Nordic SMEs to extend impact through international deployments. Its activities span energy projects and green recovery efforts, such as Ukraine, Baltic Sea health, carbon markets, Moldova’s energy security, and clean energy access. Beyond financing, it engages in capacity-building and outreach, financing renewable energy growth, regenerative farming, and sustainable demolition; it also participates in industry events and offers procurement opportunities, reporting progress through annual publications and stakeholder engagement.

Enersense is a lifecycle partner for energy transmission, production, the industrial energy transition, and telecommunications, operating in Finland, the Baltics, and the Nordics. With about 1,700 experts, it offers end-to-end services across the asset lifecycle, from design and construction to maintenance and modernization of power infrastructure, including high-voltage lines, substations, wind and solar farms, and energy storage, and provides connectivity solutions for fixed and mobile networks and data centres. The company emphasizes efficiency, transparency, and sustainability in its projects and is organized around three business units: Power, Energy Transition, and Connectivity. It reported revenue of around EUR 307 million in 2025.

Node.vc is an early-stage venture capital firm based in Stockholm, investing in Nordic and Baltic technology startups. Founded in 2023 by experienced founders and operators, it supports more than 40 portfolio companies and emphasizes a founder-led approach. The firm focuses on platform technologies, new experiences, and smarter workplaces, providing hands-on help beyond capital through services such as hiring, fundraising, and strategic growth. By leveraging its network of tech entrepreneurs, Node.vc aims to accelerate growth and help portfolio companies scale responsibly in a rapidly changing tech landscape.

Voima Ventures is a venture capital firm focused on investing in deep tech startups from the Nordics and Baltics. Founded in 2019 and based in Helsinki, Finland, it backs early-stage companies from pre-seed through Series B across sectors such as bio and new materials, medical technologies and life sciences, imaging and optics, IoT and electronics, robotics, software and ICT, and AI. The firm combines science-driven entrepreneurship with value-adding capital and takes a hands-on approach to helping portfolio companies scale global solutions. It supports ideas that require resilience and long-term commitment, often partnering with research institutions and experienced industry professionals to accelerate growth.

ValueTech Seed is an early-stage venture capital firm based in Warsaw, Poland, that invests in technology startups across Europe with a focus on energy, industrial manufacturing, and Industry 4.0. The firm backs teams developing breakthrough technologies in renewables, cleantech, energy storage, smart grid, and AI/IoT applications, targeting solutions deployable within 2-5 years. Its approach draws on entrepreneurial and managerial experience to provide hands-on support from incubation through commercialization and international expansion, including the United States. The firm emphasizes deal flow from Central and Eastern Europe and collaborates with partners such as MIT Enterprise Forum Poland to access opportunities. It typically participates in seed and early-stage rounds and supports portfolio companies with strategic guidance and network access.

Balnord is a European venture capital firm, founded in 2024 and based in Luxembourg, focused on investing in high‑conviction dual‑use and frontier technology startups in the Baltic Sea region and Northern Europe. The firm partners with founders from the earliest stages, offering capital, mentorship, and strategic guidance to help build scalable companies, with a long‑term approach and selective portfolio focus. It aims to support European reindustrialisation by backing companies at the intersection of advanced technology and practical application, and collaborates with leading frontier funds and operator‑investors to maximize impact and resources while maintaining a founder‑centric, data‑driven philosophy.

Vendep Capital is a Finland-based venture capital firm focused on backing early-stage B2B software companies in the Nordics and Baltics. Founded in 2013 and headquartered in Espoo, it concentrates on B2B SaaS and marketplaces, with initial investments typically 0.1–3 million euros depending on stage. The firm supports portfolio founders with deep SaaS expertise and a global network to accelerate growth, and emphasizes follow-on capital in subsequent rounds, aiming for strong collaboration with founders.

J&T Ventures is a Prague-based venture capital firm, part of J&T Banka, that backs ambitious founders in Central and Eastern Europe, the SEE region and the Baltics. It focuses on early-stage companies, primarily in the seed stage with product-market fit, and makes investments across pre-seed to Series A, typically ranging from several hundred thousand to a few million euros. The firm operates with a sector-agnostic mandate and supports portfolio companies with fundraising, business development and talent sourcing, leveraging its regional and international network to open doors to banks and strategic partners. J&T Ventures manages around €120 million in assets, has a portfolio of about 35 startups and has completed several exits. Headquartered in Prague, the firm emphasizes hands-on involvement and founder support to help startups scale internationally.

Wave Ventures is a venture capital firm founded in 2016 and based in Helsinki, Finland, with a presence in Stockholm, Sweden. It focuses on pre-seed and early-stage investments across the Nordics and Baltics, including Denmark, Finland, Iceland, Norway, Sweden, Estonia, Latvia, and Lithuania. The firm operates as a student-run organization backed by Nordic unicorn founders and aims to back the next generation of Gen Z entrepreneurs, supporting startups from their earliest stages.

River Venture Partners is a venture capital firm and angel investment network based in Amsterdam, Netherlands. Founded in 2015, it focuses on early-stage and seed investments in software, technology, digital media, e-commerce, and mobile sectors, with additional exposure to education technology and marketing opportunities. The firm supports portfolio companies beyond capital by operating an angel syndicate and providing advisory services such as start-up scouting, investment facilitation, and portfolio company guidance. It backs opportunities across the Benelux, Nordic, and Baltic regions, aiming to help early-stage entrepreneurs grow in digital and technology-driven markets.

SMOK Ventures is a Warsaw-based, Polish/US venture capital firm that funds early-stage technology startups in Central and Eastern Europe. The firm typically makes investments in the range of 100k to 1 million, focusing on gaming, artificial intelligence, software development tools, fintech, and related tech areas. It aims to back globally minded entrepreneurs, including teams from Ukraine and the Baltic states, and emphasizes fast, transparent communication with founders. The team comprises professionals with backgrounds in software development, entrepreneurship, and finance, and the firm seeks to connect Silicon Valley with the CEE startup ecosystem. While its portfolio spans domains such as energy management, digital health, AI-powered threat intelligence, digital twins, fleet management, and subscription-based services, the core objective is to help early-stage companies build global businesses from the region.

ExtraVallis is a venture capital firm based in Coral Gables, Florida, that invests in early-stage technology startups with a cross-Atlantic focus, connecting European opportunities with U.S. markets. It targets pre-seed to Series A rounds and concentrates on sectors and geographies including Germany, the Netherlands, the Baltics, and Scandinavia, with operations spanning Germany, Eastern and Central Europe and Scandinavia. ExtraVallis emphasizes a hands-on approach, mentoring founders on leadership, market expansion, revenue models, and KPI governance, and seeks coachable teams with potential for value creation. Its disciplined investment strategy aims for strong ROI through a focused portfolio in select industries and relatively lower valuations than U.S. peers, alongside a commitment to supporting diverse founders. The firm builds a reliable pipeline of startups through active founder relationships and ecosystem partnerships.

Air Ventures is a Prague-based private equity and venture capital firm founded in 2016. It backs ambitious technology startups across Europe, focusing on late seed and A-round opportunities and supporting early-stage and growth-stage companies through equity investments, bridge financing, and PIPE transactions. The firm operates across Central and Eastern Europe, the Baltics, the DACH region and the United Kingdom, and typically writes tickets from 200,000 to 2 million euros, with debt facilities from 50,000 to 1 million euros. The team consists of experienced entrepreneurs and finance professionals and is backed by MiddleCap Group. Air Ventures emphasizes strong founders, disruptive technology, and long-term partnerships, with an industry-agnostic approach and a readiness to tailor financings to project needs.

Integer.pl Group is a leading private postal group in Europe that has rapidly expanded its InPost parcel locker network across numerous countries worldwide. Within three years, the company deployed its locker technology in Australia, Chile, Great Britain, Italy, Ireland, Iceland, Lithuania, Latvia, Ukraine, Estonia, Poland, Russia, Saudi Arabia, Cyprus, Slovakia, Czech Republic, Colombia, Costa Rica, El Salvador, and Guatemala. The service has earned high customer satisfaction, reflected in a Net Promoter Score of 89% as of February 2019, and has received several industry awards, including the World Mail Awards 2013, Retail Innovation of the Year 2013, and Delivery Innovation Excellence UK 2014. Integer.pl Group continues to build a strong global footprint in the logistics sector through its innovative locker solutions.

Bellone Invest is an Estonia-based investment company headquartered in Tallinn, founded in 2013, that specializes in seed-stage technology ventures. It targets software, SaaS, crypto, and digitalisation-driven startups, including areas such as e-commerce and mobile applications. The firm combines capital with advisory services, helping portfolio companies with digitalisation, go-to-market strategies, fundraising, and daily operations, leveraging its experience and broad network. The objective is to generate yield through sustainable, long-term investment performance in fast-growing digital businesses.

Contrarian Ventures is a venture capital firm that backs climate tech founders at pre-seed to Series B, focusing on energy transition technologies in Europe and North America. Founded in 2017 and headquartered in Vilnius, it operates a platform-driven approach that supports founders through ecosystem events such as the Energy Tech Summit and programs like Climate Brick, while maintaining a long-term partnership model. Investment areas include smart grid, energy efficiency, energy storage, e-mobility, distributed generation, renewable energy, and virtual power plants, with emphasis on early-stage and high-impact ventures. The firm pursues a global reach with offices in London and Amsterdam and seeks collaborations with ambitious climate tech teams to scale solutions that decarbonize the economy.

Krokodilli Kapital is a Tallinn-based venture capital firm investing in early-stage technology and services companies that improve quality of life and promote sustainable living. The firm pursues research and value creation in areas such as human health, skills development, efficient resource use, and information symmetry across society. It backs ventures that benefit people and the environment and has shown interest in embedded finance, marketplaces, fintech, proptech, clean energy, and digital healthcare. Beyond funding, it supports portfolio companies with guidance on strategy, product development, technology, and operations to help founders grow while addressing social and environmental objectives.

Karma Ventures is a Tallinn, Estonia-based venture capital firm focusing on backing deep-tech software startups in Europe at late seed and Series A stages. It seeks companies with unique technology, early traction, and global ambition, providing both capital and operational support to portfolio founders. The firm invests primarily in Europe and pursues follow-on rounds, typically committing in the multi-million-euro range per opportunity. Karma Ventures maintains an active network within Europe’s deep-tech ecosystem and provides quarterly updates to its network. The firm is based in Tallinn, with offices in Luxembourg.

70Ventures is an investment firm that backs B2B entrepreneurs and helps them build data-driven sales teams that deliver predictable revenue, providing funding from pre-seed to Series A based on revenue milestones.

Open Circle Capital is a venture capital firm based in Vilnius, Lithuania. It focuses on early-stage technology investments in information and communications technology, robotics and high-tech sectors across Northern Europe. The firm prioritizes teams led by serial entrepreneurs with a track record of growth, fundraising, and exits, and seeks companies with potential to expand into international markets, ideally after achieving initial revenue. Typical initial investments range from €100,000 to €500,000, with total commitments across four to five portfolio companies around €3 million, and portfolio companies are often positioned to maintain majority control. The firm provides proactive support beyond capital, including team building, strategic decision-making, and fundraising assistance, acting as a constructive partner to help accelerate growth. It can participate as a lead or follower investor and seeks fair valuations and access to co-investors. Notable exits include Frontu and Sixads.