€100k-500k in pre-seed capital initial investments, hands-on support to reach product-market fit and a deep network of later stage investors and partners
we only back teams who can build global scale businesses
local Baltic founders in Estonia, Latvia or Lithuania, or Baltic diaspora globally
our main investment criteria is team and whether they have the grit to succeed
RivalSense is a competitor monitoring solution for small and medium-sized businesses that leverages AI to provide a scalable, cost-effective solution. The service analyzes over 80 public sources, including company websites, LinkedIn and Twitter accounts, company registers, job listings, and news sites, to provide valuable curated insights about a company's competitors on a weekly basis.
Change Ventures led the angel round with Fiedler Capital and local business angels also participating.
Saltz is a European fresh products marketplace connecting food producers and sellers to restaurants, hotels and retail buyers. Buyers can now procure fresh products without middlemen or distributors, and enjoy a broader assortment, lower prices and fresher products. The company was co-founded by Andrius and Tomas Šlimas, who exited Oberlo to Shopify a few years ago, along with Reinis Strodahs, a 20 year veteran of the European restaurant supply industry. Change Ventures joined the seed round led by Lifeline Ventures, with Illusian, Miki Kuusi (co-founder of Wolt), Mantas Mikuckas (co-founder of Vinted) and Rytis Vitkauskas (Partner, Dig Ventures) also joining.
Latvia-based AM Craft delivers certified, 3D-printed aircraft parts globally, to clients such as Finnair. AM Craft's vision is to enable low-cost, rapid sourcing of a large IP library of parts, delivered sustainably by local certified manufacturing hubs around the world, thereby massively increasing the use of additive manufacturing in spare parts. This huge industry still largely relies on traditional manufacturing methods, leading to massive supply chain challenges and an inability to hit sustainability goals. AM Craft already has the ability to deliver from hubs in Riga, Dubai and Singapore.
The round was led by Change Ventures, with our friends BadIdeas.Fund joining.
Inspectle Food is a platform for conducting regular hygiene inspections in GFSI-certified food production plants that help to solve non-conformities faster and save the quality team time due to automatically generated reports and user-friendly interface.
AskRobin's marketplace has connected more than 1 million consumers in Latin America with over 200 entities offering financial products.
Fyma turns your security camera into a predictive sensor, unlocking the data within your video streams.
Veriff is one of the leading providers of online ID verification. Their developer-friendly API solution has superior and highly automated video capture tech that supports the widest range of ID document types. YCombinator W18 graduates.
Planet42 provides inclusive fintech solutions to the underbanked in South Africa. The fast growing rent-to-buy vehicle offering is generating a significant social impact, enabling 24 million credit impaired people to access car financing and regain mobility.
99Math is an online math league where students and schools can compete against each other. eSports competitive approach makes math learning and practice fun for everyone.
Aerones is the world’s leading robotic wind turbine blade inspection, maintenance and repair system.
Qoorio is a community for humans to share life learnings & knowledge. A verified identity marketplace where curious people can buy time from sellers on whatever topic they need to understand better.
Online marketplace for passive job seekers in tech sector. MeetFrank enables tech talent to anonymously and passively monitor for relevant job offers. For recruiters, MeetFrank significantly increases the speed of delivery of high quality leads with relevant skills, experience and salary range.
Open banking analytics products for banks, lenders and fintechs, who use the Nordigen platform to turn raw account data in to valuable insights.
Smart-device solution for accurate timber measurement and data management. Timbeter’s machine learning algorithm analyses timber photos to create volumetric calculations that are 5x faster and 10x quicker than manual measurements.
Mobile app and cloud solution for replacing audio streaming hardware at events, especially for simultaneous interpretation.
Festivality provides a full-service platform to enable innovative mobile applications for attendees at music, sports, business and other live events.
Giraffe360 enables real estate brokers and agents to produce stunningly beautiful photographic content for listings, leveraging the firm’s unique robotic camera.
The first mindful conversation app powered by ethical AI, designed to help people build better relationships.
SprayPrinter redefines out of home advertising with novel spray printing robots that colour print any size wall in a matter of hours. Enables brands to turn dull walls into artistic commercial murals that drive engagement and social media sharing.
Guaana helps researchers to find relevant funding and collaboration partners for nascent research projects. Synchronising researcher and foundation needs, Guaana has created a fast and transparent grant distribution model that is completely based on peer evaluation.
C-level roles in sales, marketing, product and business development at successful startups in US, UK and Israel, including AeroScout ($240M exit) and Bookatable ($110M exit). Prominent Baltic startup ecosystem leader, co-founder of TechHub Riga and TechChill. MBA, Stanford Graduate School of Business.
Tech-startup CEO, angel investor, venture advisor, public speaker. Managing Partner at angel investment & financial advisory firm Solon Partners. Co-founder of business angel network (EstBAN) and Estonian VC Association (EVCA). Juris Doctorate cum laude, University of Minnesota.
Tech-entrepreneur, angel investor, mentor and advisor. Springboard / Techstars London Alumni. Founder and CEO of multiple tech startups, including Indilo Wireless (acquired by Mobi) and nodeSWAT. Managing Partner at angel investment & financial advisory firm Solon Partners. BA International Business, Estonian Business School.
Tim co-founded Fund Fellow Founders, a cross-border tech angel investment community, prior to which he established the Baltic headquarters for Swedish venture studio VNTRS in Tallinn and led partnerships and fundraising at Latitude59. Tim hosts the Investor Story podcast and is a graduate of London Middlesex University.
Ventures Analyst at Plug & Play Ventures in Silicon Valley, prior to which worked at Latvian startup Mintos. Bachelor of Business Administration, Riga Business School. Future Leaders Academy 2020, Stockholm School of Economics in Riga.
Experience at EY and KPMG transaction advisory, specializing in Financial Due Diligence and Valuations. Masters in Finance, Tallinn University of Technology.
Community management experience in Estonian startup ecosystem. Kärt holds BA in Public Management and 5+ years experience in strategic planning. MBA candidate in Estonian Business School. She will start managing community relationships and events, support the investment team with pre and post-investment research.
The investment team is supported in the USA by Fund I partner Edward Steiner, who, along with the late Harry Huge, was instrumental in the foundation and launch of Change Ventures.
Learn moreThe Change Ventures investment team is supported by a broad community of founders, angel investors, limited partners and venture partners whom we collaborate with to find ambitious Baltic founders and to support them after investment.
Girts is a serial Engineering leader of Silicon Valley startups. Two exits. Most recently Director of Engineering at Twilio. Startup advisor and angel investor. Venture Partner at Change Ventures.