Accelerace
Accelerace invests in and accelerates pre-seed startups in the Nordics and Baltics, focusing on first-time founders. It provides funding, mentorship from successful alumni (Allstars), and a lifelong community to support founders in raising seed funding and scaling their ventures.
CB Investment Management
CB Investment Management (CB IM) operates with the vision of becoming a growth catalyst for thriving startups and SMEs, believing they are the backbone of Europe’s future prosperity. They aim to provide not only capital but also valuable know-how to help businesses succeed. CB IM focuses on seed and pre-seed businesses based in Slovakia, supporting them with funding and leveraging their team's experience in finance management, investment banking, and venture capital. The firm actively seeks startups and SMEs to invest. CB Investment Management Growth One fund was founded in 2019 and has a fund size of €23.2M. They have invested in 32 companies and operate with a 10-year lifetime, with the potential for a 3-year extension. CB Investment Management is associated with Crowdberry, which has been involved in investments in startups, SMEs, impact investing, and real estate projects in Slovakia and Czechia since 2015. The firm's investment strategy focuses on providing both financial resources and strategic guidance to portfolio companies, assisting them in expanding domestically and internationally. They emphasize building a strong network to create opportunities for their investments, and provide experience and capital.
Fortech Investments
Fortech Investments is an early-stage investment fund and strategic partner based in Romania, targeting ambitious founders in specific sectors: manufacturing, automotive, healthcare, fintech, and energy. Originating from a software company with over 20 years of expertise in these industries, they bring not only capital but also actionable advice and introductions to their portfolio companies. They emphasize moving quickly and investing with conviction, recognizing the importance of time in the startup world. Fortech Investments aims to be more than just a source of capital. They position themselves as thought partners, ready to actively support founders throughout their journey, from the initial idea to a potential IPO. They provide strategic support, including go-to-market strategies, expansion plans, and scaling in new or existing markets, alongside access to a network of founders, domain experts, investors, and enterprise clients. Their approach focuses on providing 'smart money' – capital coupled with technical and business expertise – enabling founders to make quicker and better decisions throughout the startup lifecycle. They also highlight the importance of founder-fund fit, emphasizing the desire to be a true partner rather than simply an investor on the cap table, someone capable of providing comprehensive support along the entire journey. Fortech Investments distinguishes itself by leveraging its origin in a software company, offering deep technical and industry-specific knowledge to their portfolio companies.
GVentures
G. Ventures is France's first student-run Venture Capital Fund focused on backing the most promising student founders. Founded by Julie Leroy and Maxime Paradis, the firm evolved from supporting over 100 startup founders from university to creating a dedicated VC fund in 2021. They aim to support Next-Gen Founders. G. Ventures brings together talented, innovative, and passionate students from diverse backgrounds across French university campuses. They believe students are uniquely positioned to challenge the status quo and invest in both Minimum Viable Products and Brilliant Ideas that need their help to become a reality. G. Ventures accelerates student founders' potential and ideas through a 5-month program, support from world-class mentors, a portfolio of resources, and a robust training process, helping them raise their seed round. The firm strategically invests early-stage in student ventures, providing a €50,000 investment with founder-friendly terms, bridging a critical early-stage financing gap. They are building an extensive and diverse network of young leaders across France. The firm also provides access to +€100,000 in grants & debt, +€100,000 in perks, with an aim to lead founders to Seed / Series A funding. G. Ventures' approach includes selective recruitment of student investors with diverse backgrounds and expertise.
Kreaxi
Kreaxi is an investment management firm specializing in equity financing for innovative and tech startups, with over 30 years of experience. They provide patient and value-added capital to support entrepreneurs in the seed, acceleration, and development phases. Kreaxi invests in the first financing rounds, taking an active role in the portfolio companies’ success through board participation, strategic advice, and access to their network. Kreaxi aims to minimize the constraints faced by startups, providing support in navigating challenges and scaling the business. The firm focuses on building partnerships based on mutual trust, shared success, and respect for the autonomy of the management team. They offer expertise in technological innovation and understanding of the industrial landscape, along with the associated transformation challenges and long cycles. Kreaxi seeks to be a decisive actor in the early stages of a company, providing guidance in business plan development and adaptation. Kreaxi has now joined UI Investissement, reinforcing their expertise in innovation capital in the Auvergne-Rhône-Alpes region. This operation is a continuation of the historical relations and joint investments between the two entities. They are also managing the Fonds Régional Avenir Industrie Auvergne-Rhône-Alpes together.
Luminarventures
Luminar Ventures is a pre-seed and seed-stage venture capital firm based in the Nordics. As former founders and angel investors, they aim to help visionary founders turn big ideas into trailblazing companies. They provide capital and support to help founders navigate product-market fit, rapid growth, and international expansion. Their experience and networks guide and support founders on their journey from vision to hyper-growth, including assistance with key hires, first products, and crucial decisions towards global scale. Luminar Ventures emphasizes a hands-on approach and a shared passion for building disruptive, scalable solutions. They are generalist investors but seem to have a strong focus on B2B SaaS and data businesses, as well as companies in Green Transition and Digital Health.
Mercuri VC
Mercuri VC is an early-stage venture capital fund investing at the intersection of media, entertainment, and technology. The firm focuses on backing outstanding entrepreneurs developing tech-driven products for the new age of enterprise and the digital lifestyle of the consumer. A key aspect of their strategy is an engaged approach, adding value to their portfolio companies, often taking board seats post investment. Mercuri's investment thesis prioritizes vertical integration, IP defensibility, and human-led expression, especially in the generative media space. They seek companies that rebuild the creative value chain around AI, rather than simply applying AI to media. They aim to find companies that unlock new creative processes and build AI-native systems. Mercuri emphasizes responsible investing with a commitment to strong data policies, transparent AI practices, diversity and inclusion, and sustainability. They aim to reach net zero emissions for scope 1 & 2 by 2025, reduce scope 3 emissions by 50% by 2030, and achieve full net zero by 2040. They are a certified B Corp and co-founder of Reframe Venture, among other partnerships and initiatives. Mercuri lives by its values: integrity, equality, courage, passionate curiosity and responsible citizenship which inspire our team culture and inform our investment process. The name Mercuri is inspired by the Roman god of commerce and communication, reflecting their focus on technology that transforms how people connect, create, and consume.
PurposeTech
PurposeTech is an early-stage venture capital firm that invests in purpose-driven founders reshaping Health, Climate, and the Future of Work. They focus on backing startups in their very first rounds, often investing alongside generalist funds and leveraging their domain expertise and industry-specific network. They believe that entrepreneurship is the most effective lever for systemic change and look for transformative opportunities where societal impact is a fundamental value driver, not a secondary benefit. PurposeTech is very hands-on, dedicating several hours each week to their founders, helping them achieve the traction necessary to secure their next round of funding. They emphasize a structured, evidence-based, and honest approach to supporting their portfolio companies. Through their partnership with the Impact Hub, they provide access to a vast network of entrepreneurs, experts, and decision-makers, facilitating introductions and opening doors for their startups. In cases where PurposeTech is highly interested in a startup but believes it's too early for funding, they offer a Pre-Investment Program. This program allows founders to collaborate closely with the PurposeTech team, receiving feedback and expert support at no cost, with the ultimate goal of investing in the startup as soon as possible. PurposeTech looks for founders with an unreasonable level of commitment, talent, and ambition building startups within their focused verticals. The healthcare industry is facing a major transformation due to an aging population, longer life expectancy, escalating healthcare costs, and shortage of skilled personnel, where cutting-edge healthcare is widely accessible, data-driven, efficient, and patient-centered. The climate crisis is reshaping our world, driven by rising global temperatures, extreme weather events, resource scarcity, and the urgent need for decarbonization across all sectors where innovation enables resilience, circularity, and environmental regeneration at scale. The workplace landscape is undergoing a profound shift driven by automation, AI, remote collaboration, and evolving workforce expectations around flexibility, purpose, and well-being, where work is flexible, human-centric, and inclusive—empowering people and organizations to thrive in an ever-changing landscape.
Sarona Ventures
Sarona Ventures is a global venture capital firm and tech ecosystem founded in 2019, headquartered in Tel Aviv, Israel, with a significant presence in New York, San Francisco, the UK, UAE, and Singapore. They back exceptional founding teams with strong execution capabilities who are shaping the future of business. Evolved from the tech investment arm of the Bouaziz Single Family Office, their combined portfolio includes seven billion-dollar unicorns. They specialize in identifying and supporting promising pre-seed to Series B companies, working with them to create lasting impact. As entrepreneurs themselves, they invest their own capital alongside that of their LPs, creating a greater alignment of interests between their companies, LPs, and the fund. Sarona operates with deep attention and a strong emphasis on growing a strong, immersive, accountable ecosystem of entrepreneurs, talent, investors, and multinational corporations. Sarona maintains a balanced portfolio across stages, geographies, and verticals, investing Pre-Seed to Series-B across Israel, the US, Europe, and Latam in a wide range of software-centric verticals. Their selective LPs and co-investors include global families, corporate funds, partners of the world’s leading VCs, and unicorn founders. With a focus on identifying, backing, and growing extraordinary founders, they support their companies with their selective professional network to achieve their goals and drive innovation globally. Sarona Partners has an edge in discovering early traction startups, grace to our first-hand deal flow from co-investors, LPs, portfolio companies, founders.
Sisu Ventures
Sisu Game Ventures is an early-stage venture capital fund exclusively focused on the games industry. Established in 2014, they aim to support promising founders globally, with strong roots in the Nordic region. Their investment philosophy prioritizes the team behind the game, rather than solely focusing on individual IPs or metrics. They provide both capital and hands-on expertise to help companies scale and prepare for subsequent growth stages. They favor collaboration, knowledge sharing, and candid communication within their portfolio companies and among co-investors, which they believe accelerates company development and creates a competitive advantage. Sisu's investment strategy involves investing very early, often as the first institutional investor, even pre-revenue and pre-product. This indicates a high-risk, high-reward approach, capitalizing on identifying and nurturing talent at the earliest stages of game development. They value the 'sisu spirit' - perseverance and resilience - and encourage experimentation, viewing both successes and failures as learning opportunities contributing to long-term success. Sisu's team brings decades of experience from building and investing in game companies. Their investor base primarily comprises individuals and companies deeply embedded in the games industry, providing a strong foundation of industry knowledge and connections. Their involvement extends beyond financial investment, providing strategic guidance, team formation assistance, and access to a broad network of industry contacts. This hands-on approach differentiates them from traditional venture capital firms. By fostering a collaborative environment among their portfolio companies and sharing knowledge and resources, Sisu aims to create a supportive ecosystem where entrepreneurs can thrive. They celebrate experimentation and accept failure as part of the learning process. This philosophy fosters innovation and resilience among their portfolio companies, increasing their chances of achieving sustainable, long-term success. Their network and deep understanding of the gaming landscape offers strategic value.
innoWerft
innoWerft operates as an early-stage investor and startup accelerator, focusing on B2B high-tech startups. They provide support in fundraising, sales, and other challenges faced by startups. As a StartupBW pre-seed support partner and long-standing accelerator, innoWerft aims to assist startups by acting as a co-investor, early-stage investor, and sparring partner. The firm's vision is to enable founders to overcome societal challenges with innovative solutions. Their mission is to support outstanding founders by developing customized strategies and connecting them with suitable customers and capital. They emphasize sustainable value creation, exits for reinvestment, future-oriented thinking, trust-based collaboration, and responsibility. innoWerft's team encompasses a wide range of skills, from startup experience to financial and coaching expertise. They offer tailored support to startups, companies, and investors, emphasizing diversity, efficient working methods, and passion in their work.
AFI Ventures
AFI Ventures invests in ambitious impact-driven entrepreneurs across climate action, health & wellbeing, and sustainable consumption. Focuses on scalable, measurable impact with a rapid and agile investment process. Part of the Alliance For Impact ecosystem, offering co-investment opportunities and a strong founder community.
APX
APX is an earliest-stage venture capital firm based in Berlin and backed by Axel Springer and Porsche. They invest in pre-seed startups from Europe and beyond, often as their first investor. Their focus is on partnering with ambitious founder teams building startups with digital business models. They aim to be a long-term partner, indicating a commitment beyond initial investment. The firm emphasizes a growing family of startups, highlighting a community-focused approach to venture capital.
Air Ventures
Air Ventures is an early-stage venture capital firm based in Prague. They focus on investing in ambitious entrepreneurs who are aiming high and seeking extraordinary opportunities. They prioritize startups with strong founders who possess profound knowledge of their industry and a team to back them. They have a core focus on the CEE, Baltics, DACH, and UK regions. The firm actively looks for startups proven by the market, especially Late seed or A-round startups that are scaling up, ideally with an ARR of 300k EUR or more. They also emphasize meaningful tech innovation and are generally industry agnostic, but favor companies with a strong USP and profound technology. Their investment strategy revolves around supporting startups with the potential to disrupt existing markets and create significant value. They are willing to invest in companies at the late seed or A-round stages with investment tickets ranging from 200k EUR to 2M EUR, depending on the project, stage, and valuation. Air Ventures focuses on founders ready to be “baptized by the fire of competition”. They emphasize the importance of strong founders with profound knowledge of the industry. Air Ventures invests private money, which allows them to be agile and adaptable. They also have multiple offices and a strong business network spread around Europe, including Prague, Bratislava, London, Berlin, and Luxembourg. This network allows them to provide support to their portfolio companies across various European markets. They have a team with a marketing focus and experience crafting and executing successful campaigns for international tech brands. They are backed by MiddleCap Group, which provides them with a strong financial foundation for the long-term.
Alfabeat
Alfabeat is a specialist seed and early stage venture capital fund focused on Enterprise SaaS companies from Central and Eastern Europe. They are backed by successful enterprise software founders. They target experienced, entrepreneurial, courageous and globally minded founder teams who are building Enterprise SaaS companies with a global impact. Alfabeat believes in the potential of European companies, especially those in Central and Eastern Europe, to build globally competitive businesses. Their approach includes providing capital, expertise, and network access to help founders navigate the challenges of building and scaling a successful enterprise software company. Alfabeat's team comprises individuals with experience as fund operators, investors, founders, consultants, and business development executives, enabling them to provide comprehensive support to their portfolio companies. Alfabeat looks for companies that have already developed a product or technology and generated early revenue from a large enterprise customer. They aim to invest at the seed stage, providing the necessary resources to help early stage companies scale and make a global impact. Their focus on enterprise software, combined with their geographic focus and experienced team, positions them as a valuable partner for founders in the CEE region.
Alliance For Impact (AFI)
Alliance for Impact (AFI) is a European Day-One Impact Launchpad focused on bridging the gap between purpose and profits. They aim to fast-track the emergence of tomorrow's leaders and support the next generation of impact-driven entrepreneurs. AFI combines equity-free acceleration through AFI Factory with first-ticket seed funding through AFI Ventures. AFI Factory is a 6-12 month acceleration program for growth-stage impact startups seeking funding. AFI Ventures is a pre-seed & seed impact fund investing in 1 to 2 companies per month. AFI believes innovation is a tool for positive evolution, building a sustainable balance between economic growth and positive impact. They consider innovation as a source of opportunity for creating new, sustainable, and impactful business models that benefit society and the environment. The firm is powered by La Ruche, Ventech, and Abeille Assurances, indicating a strong network of partners and resources available to the startups they support. AFI focuses on supporting companies within specific sectors, aiming to create a positive societal and environmental impact alongside financial returns. The firm's manifesto emphasizes the belief in innovation as a driver for sustainable and impactful business models.
AngelHub
AngelHub was a SFC Licensed Platform that aimed to democratize private market investing by connecting professional investors with vetted startups. They sought to bridge the gap between venture capitalists and angel investors, leveraging strategic partnerships to provide access, time, and know-how for both startups and investors. Their core mission was to empower startups to drive wealth and economic growth by providing them with resources to avoid the daunting and lengthy fundraising process, while enabling professional investors to diversify their portfolios without sacrificing time. However, the firm has ceased its investment operations and relinquished its SFC license due to the evolving economic landscape. All existing investments will continue to be monitored, and investors will receive ongoing updates as per standard reporting processes. AngelHub invested in 23 tech companies across 28 campaigns, deploying a total of USD 18M. They prided themselves on enabling 2 successful exits, creating meaningful value for investors and the startup ecosystem. AngelHub aimed to provide a platform where minimum ticket sizes started at USD 10,000+ and vetted over 2,000 companies. AngelHub's platform statistics showcased the result of their work: 25 successful campaigns, $17M+ amount invested, and 2 successful exits. It reports a 2.1x equity multiplier and $9.1M returned to investors.
Aonia Ventures
Aonia Ventures is an early-stage venture capital firm that invests in 20-30 tech startups per year worldwide, focusing on seed and Series A rounds. Their motto is "Let's Blow it Up!", suggesting an aggressive and disruptive investment strategy. They aim to identify and support companies with high growth potential and the capacity to disrupt existing markets. The firm's portfolio showcases investments across various sectors, suggesting a broad investment scope within the technology landscape. Their listed exits and IPOs indicate a track record of successful investments and value creation.
Araliventures
Arali Ventures partners with audacious founders rewriting the future of enterprise technology. They invest early, typically at the pre-seed and seed stages, partnering with founders from the initial idea stage through signing early customers. They describe themselves as 'ScaleFounder first | Operator led. | Compounding impact.' offering candid feedback delivered with respect and context. They emphasize deep work on product, customers, and markets, avoiding shallow insights. They value speed of learning through rapid iteration and are committed to long-term trust-based relationships with founders. Arali focuses on businesses that are "workflow-first," with an expanded operator network and a strong understanding of repeatable go-to-market patterns. The fund actively helps fintech founders sharpen business models, understand unit economics, and develop distribution plans. They also support founders on pricing, metrics, and investor readiness, especially for businesses selling into regulated institutions, emphasizing partnerships and clarity of narrative for complex buyers. The firm assists early-stage teams with customer discovery, Ideal Customer Profile (ICP) clarity, and go-to-market iteration. They emphasize turning early signals into actionable plans, focusing on positioning, messaging, and a sustainable execution cadence. Core to their approach is prioritizing clarity on the customer and the fundamental wedge to build upon. They work with teams on pipelines, pilots, and reference-building. They are hands-on when it comes to enterprise deals and helping teams establish the operating cadence needed for long sales cycles. For companies in industrial and regulated domains, they help teams navigate complex buying centers, operational rollouts, and strategic partnerships. The VC firm is particularly useful on sharpening the “why now,” packaging the wedge, and building momentum from lighthouse wins. They provide assistance with key hires, pricing strategy, go-to-market planning, and partnerships, as well as pressure-testing ideas and acting as a sounding board.
Baltic Sandbox Ventures
Baltic Sandbox Ventures (BSV Ventures) focuses on fostering the Baltic and European Deep Tech, Life Science, and Dual-Use Tech ecosystems by investing in early-stage R&D-focused individuals and teams. They target companies solving complex technical challenges with significant commercial application potential, even without existing traction or a formal deck. BSV Ventures aims to be a critical player in advancing the Baltic region's innovation landscape by providing not just capital, but also incubation, acceleration programs, and strategic support. The firm looks for founders with a proven scientific background, a strong innovation component, and the potential for commercializing their R&D efforts. They invest in areas like Software++, Life Science, and Hardware, with an emphasis on AI/ML, Big Data, Personalized Medicine, Robotics, and more. BSV Ventures stands out by being willing to invest early, even before a formal business plan is fully developed, recognizing the unique challenges and timelines associated with deep tech and life science ventures. Their investment strategy encompasses several programs, including an equity-free incubation program with grants, a business development lab with potential investment, and seed-stage investments. This multi-faceted approach allows them to engage with companies at different stages of development, from early-stage research to near-market products. The firm actively seeks co-investment opportunities with other investors, expanding its reach and impact. BSV Ventures prioritizes solutions with high societal and commercial impact, even if they fall outside of explicitly mentioned categories. This adaptability and willingness to consider unconventional ideas make them a valuable partner for founders pushing the boundaries of technology and science. The firm's value proposition extends beyond capital, providing crucial business development and scale-up support to help portfolio companies grow beyond the seed stage.
Blockwall Capital
Blockwall.vc invests in visionary Web3 founders to build a transparent, secure, and inclusive digital future. They focus on early-stage startups solving real-world problems through decentralized technologies, with a disciplined approach to Web3 innovation and long-term value creation.
Boot Ventures
Boot Ventures is a startup studio and seed-stage venture capital firm based in Brussels, Belgium, that focuses on solving real-world problems with technology. Their main activity is bootstrapping ventures through a lean building process that allows for rapid product iteration and deployment. They aim to eliminate inefficiency through technology in all their startups, building products based on problems worth pursuing, leveraging their team's expertise and passion for technology. Boot Ventures also invests in early-stage startups, providing up to €25,000 and guidance towards product-market fit using their lean building techniques. The firm is particularly interested in opportunities that create value and is focused on specific areas where they believe there are significant opportunities for the next decade. Their investment approach involves identifying areas where technology can drive significant change and address real-world challenges. They prioritize startups that align with their core values, and that are focused on creating impactful and valuable solutions. The company strives to build new products at a fast pace, with a strong focus on lean principles. They also focus on solving problems rather than building ideas, suggesting an emphasis on tangible solutions and measurable impact.
Bridgio
Bridgio operates as a "tech bridge" connecting high-tech founders from Central and Eastern Europe (CEE) to global markets. They specialize in cutting-edge software and hardware solutions, functioning as partners or co-founders to help startups grow and secure early-stage investments. Their approach involves providing initial business setup support in new markets, engineering assistance for design, hardware and software development, production, and supply chain management. A key part of their strategy is to focus the startup's efforts on early sales and customer acquisition while attracting initial VC funding. Bridgio appears to favor a hands-on approach, offering business consulting, engineering support from Promwad's team, and access to a geographically distributed team across Lithuania, Poland, and the US.
CVX Ventures
CVX Ventures is a venture capital firm that invests in promising growth companies and startups in the Nordic region. Their investment strategy is centered around building a community of experienced business professionals and investors who contribute not only capital but also skills and knowledge to their portfolio companies. They offer businesses access to both funding and advisors through their network. CVX's approach focuses on providing support and guidance through the capital-raising process, offering access to an exclusive network of investors and business angels, and streamlining the investment process to save companies time. Their investments primarily target seed and Series A-stage companies, seeking to match companies with board members and advisors who can contribute to strategic growth.