Imprimatur Capital is a London-based venture capital firm founded in 2003 that focuses on early-stage investments in technology-driven companies built on strong intellectual property. It backs opportunities across the Internet of Things, cybersecurity, big data, gaming technology, digital health, robotics and simulation, as well as energy technologies including energy efficiency, energy storage and renewable materials. The firm operates internationally, with activity in Europe, Asia-Pacific, North America and Latin America, seeking startups with scalable growth, proven teams and international potential, and it may take board seats to support governance and scale.

ZGI Capital is a Riga-based private equity and venture capital firm founded in 2005 that pursues seed-to-growth investments in the Baltic and CIS regions. The firm typically takes minority equity stakes and targets investment sizes from about €0.5 million up to €5.7 million, with financing arrangements that may involve bank or leasing partners. Investments are planned over a 3 to 6 year horizon, and exits are usually realized through sales to other investors. The company engages across multiple sectors, including fintech, metalworking, IT, engineering, logistics, manufacturing, and services, with a focus on supporting entrepreneurs lacking start-up capital to scale their businesses.

FlyCap is a Latvia-based venture capital and private equity firm established in 2013 that concentrates on seed-to-growth investments in Latvia. It backs companies in manufacturing, information technology, healthcare, and B2B services, with a preference for export-oriented and environment-friendly projects. The firm targets opportunities in Latvia, providing initial investments for startups up to 200,000 euros and follow-on funding to higher amounts, while more mature deals may reach about 1.5 million euros, through equity and mezzanine structures. It often takes seats on advisory or management boards and pursues exits in four to six years via management buyouts, strategic or financial sales, or IPOs. Criteria include minimum sales around 1 million euros, positive cash flow for mezzanine, and active founder participation with early customers for startups. The approach supports growth across seed to late stage, seeks to back environmentally conscious companies, and avoids sectors such as alcohol, tobacco, gambling, and weapons.

Overkill Ventures is a venture capital firm headquartered in Riga, Latvia. Founded in 2017, it concentrates on early-stage business-to-business technology startups and supports them toward product-market fit, with a focus on companies across the Baltics, Nordics, Central and Eastern Europe, and the CIS regions.

European Investment Fund (EIF) is a public institution established in 1994 to improve access to finance for Europe's small and medium-sized businesses. It designs and develops venture capital and guarantee instruments to support SMEs and to catalyse private investment, aiming to build a robust European equity ecosystem. EIF engages in venture capital, growth capital, and guarantee operations, backing innovative entrepreneurs primarily in technology and life sciences, as well as across other sectors. Through cornerstone investments and fund participation, EIF seeks to crowd in private investors and stimulate venture activity across Europe. Its equity portfolio has grown substantially, with assets under management exceeding EUR 14 billion, reflecting its broad role in strengthening SME finance and supporting entrepreneurship and growth.

Commercialization Reactor is an accelerator and technology commercialization platform based in Riga, Latvia. Founded in 2009, it brings together scientific teams, entrepreneurs, and industry to create and accelerate deep-tech startups, with a track record of more than 90 teams and 13 acceleration programs. The organization runs six-month acceleration initiatives that can include investments of up to 300,000 EUR per team, focusing on customer development, IP strategy, team alignment, market fit, and lead generation. It supports startups in sectors such as biotechnology, medical and health technology, deep tech, environment and energy, circular economy, industrial technology, new materials, space, computing and electronics. By pairing science with entrepreneurship and industry, Commercialization Reactor aims to accelerate the commercialization of science-based innovations.

Trind Ventures is a Tallinn-based venture capital firm that backs early-stage European startups. It invests across Northern and Central Europe in marketplaces, consumer solutions, and PLG-driven B2B products, as well as software and information and communications technology, supporting both business-to-business and business-to-consumer models.

Specialist VC is a Tallinn-based venture capital firm founded in 2017 that backs early-stage startups, typically from pre-seed to Series A rounds. The firm focuses on companies operating in business-to-business software, software as a service, fintech, platforms, software-enabled hardware, and deep technologies. Its active geographic focus includes Estonia, Latvia, Lithuania, Finland, Ukraine, and Belarus, with a stated aim of supporting founders across these markets.

Spring Capital is a Tallinn-based venture capital firm that backs technology companies in the Baltic and Nordic regions. Founded in 2008, it pursues seed and growth investments, focusing on scalable technology-driven startups and growth companies that are EBITDA-positive or approaching profitability. In seed rounds it typically writes checks of about €75,000–€200,000 to participate in larger rounds with runway, while in growth rounds it seeks minority stakes in rounds of €300,000–€700,000. The firm concentrates on the information technology sector and prefers opportunities in Denmark, Estonia, Latvia, Lithuania, Norway, Sweden, and the broader Baltics and Nordics. Management invests its own capital to support portfolio companies.

Outlast Fund, established in 2024 and headquartered in Riga, Latvia, is a venture capital firm specializing in early-stage investments. It focuses on pre-seed and seed-stage B2B software-driven companies, with a particular interest in SaaS, fintech, cybersecurity, and e-commerce sectors. The firm aims to back concepts that demonstrate long-term potential and impact.

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.

Flashpoint is an international investment group focused on Western technology companies founded by expatriates from Emerging Europe and Israel. It manages six venture funds—a mix of four venture capital funds, a venture debt fund, and a secondary fund—and has assets under management in the hundreds of millions. The firm maintains offices in London, Tel Aviv, Budapest, Warsaw, Riga, Nicosia, and New York. It has invested in more than 50 companies, including Guesty, Chili Piper, and Office RnD, and has completed exits such as Shazam (sold to Apple) and Chess.com (sold to PokerStars founders and General Atlantic). The group targets software and business-to-business technology across Europe and Israel, with a preference for Western technology opportunities originated by expatriates from its focus regions.

iTech Capital is a Riga, Latvia-based venture capital firm founded in 2010 that pursues global investments in high-growth internet-enabled technology companies. It focuses on software, IT services and information technology platforms across sectors such as fintech, ad tech, online travel and ticketing, e-commerce, big data, SaaS, artificial intelligence and machine learning, ed-tech, legal tech, and marketing tech, targeting early to growth-stage opportunities from Series A and beyond.

BADideas.fund is an angel investor group based in Riga, Latvia, founded in 2022. It operates as an early-stage angel syndicate that funds Central and Eastern European startups, typically providing 50k to 100k euros per investment. The firm is formed by founders and operators who contribute hands-on experience to help portfolio companies achieve product-market fit, build scalable growth engines, and accelerate fundraising. Its network includes experienced founders and operators who share operational insight and collaborate to back ambitious startups in the region.

Founded in 2024, Radix Ventures is a venture capital firm based in Luxembourg City. It focuses on investing in deep tech innovations across Europe, with an emphasis on sectors such as energy, manufacturing, transport, space technology, dual-use applications, and next-generation computing.

The Untitled is a venture capital firm that funds seed to growth-stage technology and digital-media ventures, with a focus on Russia and Eastern Europe. It makes direct equity or debt investments and operates multiple programs, including seed investments of roughly 0.08–0.15 million USD, club investments of 0.05–0.5 million, money program 0.08–0.15 million or loans up to 0.8 million, and growth-stage rounds of 1–3 million USD for Series A. The firm typically targets companies with a finished product or working prototype and measurable traction, across sectors such as retail technology, advertising, and consumer platforms in the region. Founded in 2011, the firm is described as headquartered in Riga with additional offices in Moscow and London.

Impact Ventures Hungary is a specialist fund manager that focuses on Impact Investments, supporting and investing in high-growth social SMEs in Europe. Their mission is to catalyze social impact by addressing areas such as social inclusion, education, employment, health, and environmental sustainability. They aim to drive positive change in the region by leveraging their expertise and resources to support impactful businesses.

The EBRD is an international financial institution founded in 1990 and headquartered in London that provides project financing and advisory services to support private sector development and transformation in emerging markets. It finances banks, industries, and businesses, supports new ventures and investments in existing companies, and helps privatize and restructure municipal services in publicly owned entities. Through its banking and treasury activities, it offers loans, equity and quasi-equity investments, guarantees, and equity funds for smaller enterprises, along with trade finance and loan syndication. It works with commercial partners to invest in private enterprises across sectors including energy, manufacturing, ICT, infrastructure, agribusiness, and real estate, across Europe, the Middle East and beyond, including a significant footprint in Central and Eastern Europe, the Baltics, and the Caucasus. It provides policy reform dialogue and advisory services to support market modernization, governance, and reform. It has invested over €130 billion in more than 5,000 projects.

Practica Capital is a Vilnius, Lithuania-based venture capital firm that funds Baltic technology founders from seed to growth stages. Established in 2011, it concentrates on tech-enabled companies in the Baltic States and the Nordic region, and supports founders as company builders through early-stage investments and selective growth rounds. The firm is described as an active Baltic syndicate partner, co-investing with local, regional and international venture capital firms, accelerators, incubators, angels, corporates and public institutions. Practica Capital focuses on software and information technology sectors and aims to take minority stakes while providing strategic guidance and governance support to portfolio companies.

CV VC is a Switzerland-based investment firm focused on blockchain and crypto technology, blending traditional venture capital practices with digital asset innovation. Based in Crypto Valley, it invests across all stages of crypto and blockchain development, from incubation to growth, and maintains its own ecosystem to support portfolio companies. The firm provides advisory services spanning startup development, including business model design, technology assessment and token economics, communications strategy, and assistance in attracting capital and strategic partnerships, helping founders connect with investors and partners within Crypto Valley and beyond.

J12 Ventures is a venture capital firm focusing on pre-seed and early-stage technology and software companies in the Nordics and Baltics. Based in Stockholm, Sweden, the firm backs founders developing AI-enabled data infrastructure and AI applications for enterprises, consumers, and healthcare, and prefers investments in technology and software sectors. Founded in 2019, the firm typically supports early-stage rounds and seeks founders with ingenuity and stamina.

Karma Ventures is a Tallinn-based venture capital firm that backs early-stage technology companies across Europe, with a focus on late-seed and Series A rounds. It invests in software, deep-tech, and ICT startups that demonstrate strong technology, customer traction, and international ambition. The firm targets European teams and supports them through multiple rounds, typically committing up to a few million euros per company and pursuing follow-on investments as needed. Karma Ventures operates from Estonia with additional offices in Luxembourg, and it partners with entrepreneurs to define paths to growth across commercial, strategic, and technical dimensions.

HBM Healthcare Investments is a Switzerland-based investment firm founded in 2001 and based in Zug. It concentrates on the healthcare sector, spanning human medicine, biotechnology, medical technology and diagnostics. The firm maintains a diversified portfolio that includes private companies, public companies, funds, cash and other assets, reflecting exposure across different stages and sectors within healthcare.

Concentric is a venture capital firm based in London with an office in Copenhagen that backs early‑stage European technology companies. It focuses on software‑driven businesses and also targets sectors including financial services, mobility, real estate, industrials and logistics. The firm typically invests €0.5 million to €5 million in equity over the life of an early‑stage growth company and leverages an activist venture approach, offering strategic support and a broad European network to portfolio companies.

Established in 2020, the European Innovation Council supports innovative startups and researchers with promising ideas, focusing on early-stage companies with positive environmental, social, or governance impacts. It co-invests alongside private investors.

Open Circle Capital is a venture capital firm founded in 2017 and based in Vilnius, Lithuania. It concentrates on early-stage technology companies in information and communications technology, robotics, and high-tech sectors across Northern Europe. The firm prefers teams led by serial entrepreneurs with past growth, fundraising, or exits, and targets product-building startups that demonstrate high potential, rapid growth, and the ability to expand into foreign markets. Its investment approach centers on an initial conversation to understand ambition, a short series of meetings to assess fit, discussion of terms, and due diligence before committing to a venture partnership. Open Circle Capital aims to support startups through meaningful technical and market development as they scale.

Copenhagen Infrastructure Partners is a multinational fund management company specializing in investments in energy, renewables, and water infrastructure across Europe, Asia and North America. The firm manages a family of infrastructure funds, including CIP II, CIP III, CIP IV and CIP V, all aimed at long-term, core infrastructure exposures with a focus on renewable energy and related assets. Its team brings extensive experience in regulated infrastructure, project development, and energy projects, with leaders who have held senior roles at DONG Energy. CIP pursues durable, long-horizon investments in assets such as offshore and onshore wind, solar, electricity transmission and energy storage, as well as other clean infrastructure opportunities.

Superangel is a Tallinn-based venture capital firm that backs early-stage technology companies. Founded in 2018, it focuses on information technology sectors such as fintech, mobile, SaaS, sharing economy, blockchain, and AR/VR, and invests globally with a preference for European and North American opportunities. The firm is led by tech entrepreneurs and has supported early-stage companies across Baltics and Nordics, aiming to back builders of world-changing technology.

Presto Ventures is a Prague-based venture capital firm founded in 2016 by Přemysl Rubeš. It invests in early-stage technology startups across NATO and allied nations, focusing on seed and Series A rounds. Based in the Czech Republic, the company provides portfolio founders with resources and guidance to accelerate development and achieve local and global success, prioritizing impactful, fast-growing tech companies in the Central and Eastern Europe region.

Metavest Capital is a venture capital firm founded in 2022 and based in Cape Town, South Africa, investing in blockchain and Web3 technologies, with a focus on the metaverse, NFT gaming, in-game assets, staking pools, cryptocurrency, and related sectors.

Revo Capital is a venture capital firm founded in 2013 and based in Istanbul, with additional offices in Tallinn and Amsterdam. It invests in early- and growth-stage technology companies across Turkey, Eastern Europe, and the Baltics, focusing on sectors including SaaS, enterprise software, AI and machine learning, big data, fintech, healthtech, cybersecurity, cloud solutions, marketing technology, e-commerce, energy, gaming, and related areas. The firm supports B2B, B2C and C2C business models and collaborates across regional networks to back companies from seed to growth stages.

Salica is an investment firm and venture capital investor headquartered in London, United Kingdom. Founded in 2014, it focuses on equity and debt investments across complementary sectors and stages, with a global reach. The firm aims to combine traditional values with a contemporary approach, balancing disciplined processes with agility to pursue commercial opportunities and attractive returns. Salica seeks to build a broad network of complementary opportunities and relationships across the private markets.

Black Pearls VC is an early-stage venture capital firm based in Gdańsk, Poland, focused on investing in Northern and Central European technology companies with defensible technology and potential to become market leaders. The firm operates across Europe, with emphasis on the Baltic Sea Region, and is sector agnostic but B2B oriented, backing investments in digital health, enterprise software, fintech, future of work, and deep tech. It often serves as an initial investor in portfolio companies, helping founders scale and achieve global reach. Black Pearls VC is recognized as the first Polish venture capital fund represented in the Kauffman Fellows network.

Artesian Capital Management is an Australian-based alternative investment management firm with a global footprint. Founded in 2004, it began with credit arbitrage and relative-value strategies and later expanded into principal investments in seed and early-stage ventures. The firm operates from Sydney and Melbourne and has extended to international locations, launching early-stage venture funds including a China-focused vehicle and outlining plans for Southeast Asia. It partners with accelerators, incubators, angel groups and university programs to back high-potential ventures and manages funds across equity and debt investments, currently overseeing over AUD 255 million.

SOSV is a global venture capital firm based in Princeton, New Jersey, founded in 1995, that focuses on seed to growth investments in deep technology across health, environmental tech, hardware, robotics, and cross border software, with a particular emphasis on Asia. The company runs accelerator style startup development programs, including HAX and IndieBio, which provide facilities, engineering resources, and lab equipment to help founders accelerate product development, acquire customers, and attract later stage funding. SOSV pursues a limited number of high potential startups, offering extensive hands on support to speed commercialization and scale, and aims to back innovations that improve human and planetary health.

Zenith Group is a Stockholm, Sweden-based venture capital firm focused on early-stage technology companies in the Nordic region. Founded in 2015 as Zenith Venture Capital, the firm partners with entrepreneurs, taking an active minority stake and providing strategic insight, hands-on support, and value creation. Zenith emphasizes a diverse portfolio and leverages an extensive network to source opportunities, aiming to help scalable startups grow quickly and profitably through experienced guidance and collaboration.

Green Pine Capital Partners is a Shenzhen-based private equity and venture capital firm founded in 2007. It pursues early- to growth-stage investments across sectors including biotechnology, artificial intelligence, new materials, clean technology, smart hardware, e-commerce, life sciences and healthcare, energy efficiency and manufacturing. The firm maintains offices in Beijing, Shanghai and Guangzhou and operates two GPI incubators as well as an incubator for overseas Chinese scientists starting businesses in China.

EIT Urban Mobility is an initiative of the European Institute of Innovation and Technology (EIT) that aims to transform urban mobility in Europe by supporting startups and scale-ups. It provides funding and support through its Impact Ventures division, including grants and equity investments, and delivers knowledge, training, and networking through partner-led programs. The initiative connects ventures with stakeholders in the public policy sector at regional, national, and European levels to scale solutions that improve livability and sustainability in cities. It seeks to become a leading European platform for impactful urban mobility, backed by co-funding from the EIT of up to €400 million for 2020-2026.

Founded in 2022, Fund Fellow Founders is an angel group based in Ülemiste, Estonia. It invests and provides collective advice to founders across the Nordics and Baltic regions.

Arieli Capital is a United States-based holding company and venture investment firm rooted in a third-generation family office. Based in New York, it invests in technology companies across early and growth stages, with a focus on cybersecurity, defense, deep tech, healthcare, energy, fintech, and agritech. The firm provides strategic guidance and capital to entrepreneurs to help transform bold ideas into scalable technologies and to build lasting value for stakeholders.

Panda Capital is a Chinese venture capital firm founded in 2015 that specializes in early-stage technology investments, from angel to Series B rounds. Based in Shanghai, the firm backs fast-growing startups in data-driven AI applications, enterprise services, fintech, logistics, mobility and transportation, and new generation consumer trends, aiming to be among the first institutional investors to support them.

Morningstar Ventures is a Dubai-based venture capital firm that invests in digital assets, blockchain technology, cryptocurrency, and related gaming initiatives. Led by founder and chief investment officer Danilo S. Carlucci, the firm pursues early-stage investments in token and equity opportunities and supports projects within the Elrond ecosystem. It has launched initiatives such as the Elrond Dubai incubator to foster development using Elrond technology.

Shima Capital is a venture capital firm founded in 2021 that invests in blockchain and web3 startups. Based in California, United States, the firm focuses on supporting ventures within the blockchain ecosystem.

Master Ventures is a blockchain-focused venture studio that builds the next generation of infrastructure companies to drive blockchain adoption and provides venture-building services, based in Road Town, British Virgin Islands.

iSeed Ventures is a San Francisco-based venture capital firm that invests across seed, early, and later stages in digital health, the Internet of Things, and consumer technology, with a particular emphasis on consumer mobile technology and healthcare. The firm partners with technology startups to develop lasting, impactful companies and operates as a registered investment adviser.

Toy Ventures is a venture capital firm founded in 2019 and based in Berkeley, California. It is described as an operator-led, early-stage investor that focuses on seed and early-stage opportunities and shows a preference for minority stakes.

Almaz Capital is an international venture capital firm investing in early-stage, capital-efficient technology companies. Headquartered in Silicon Valley, it serves as a bridge between Eastern European and former Soviet engineering talent and the U.S. market to help build global businesses. The firm targets high-growth sectors such as artificial intelligence, blockchain, data engineering, cybersecurity, industrial Internet of Things, and networking infrastructure. Its investors include Cisco, the European Bank for Reconstruction and Development, and the International Finance Corporation. Founded in 2008, Almaz Capital has backed more than 30 portfolio companies and nine exits to date.

Superhero Capital is a Helsinki-based venture capital firm focused on seed-stage investments in technology-enabled companies in Finland and the Baltics. It concentrates on software and related sectors such as B2B software, health tech, fintech, IoT and SaaS, supporting insight-driven startups. Founded in 2015, the firm operates across Finland and the Baltic states.

Frontures is a San Francisco based venture capital firm established in 2019 that focuses on frontier and frontier technologies across B2B and enterprise sectors. It targets investments in artificial intelligence, machine learning, augmented reality, virtual reality, mixed reality, blockchain and Web3, drones, robotics, the Internet of Things, 3D printing, and related technology areas, including as-a-service models, with an emphasis on global, cross-industry applications.

Citigroup is a diversified financial services company providing a broad range of financial products and services to consumers, corporations, governments, and institutions worldwide. It operates through two main segments: Global Consumer Banking, which includes retail banking, Citi-branded cards, and consumer finance, and Institutional Clients Group, which covers wholesale banking, investment banking, fixed income and equity sales and trading, foreign exchange, prime brokerage, research, corporate lending, cash management, trade finance, and securities services. The company maintains a global footprint across regions including Asia, Europe, the Middle East, Africa, North and Latin America, and emphasizes sustainability and social responsibility initiatives.