New Nordic Ventures

Overview

New Nordic Ventures is a seed-stage venture capital firm specializing in enterprise software startups from Eastern Europe, including the Baltics and non-EU parts of Eastern Europe such as Ukraine, Georgia, Armenia, and Moldova. The firm is headquartered in Riga, Latvia, and is dedicated to supporting early-stage B2B companies in expanding and scaling their businesses both in Europe and the United States. Their investment approach is centered on identifying startups with strong product-market fit and scalable solutions, particularly those aligned with major tech trends driving enterprise innovations. The firm's investment thesis focuses on the 'Smart Enterprise' concept, emphasizing efficient and AI-powered solutions. They target startups that capitalize on megatrends such as AI applications, smart cloud and edge computing, advanced connectivity, and sustainability. New Nordic Ventures provides initial investments ranging from EUR 200,000 to EUR 300,000, sufficient for cost-efficient teams to achieve significant commercial progress and define scalability strategies. They also offer follow-on investments up to EUR 1.5 million, acting as lead or co-investors. Beyond financial support, New Nordic Ventures is committed to being a hands-on partner in the growth of their portfolio companies. They work closely with founders to refine go-to-market strategies, secure key enterprise customers, and prepare for subsequent funding rounds. Their extensive experience in enterprise sales and business development enables them to offer practical, actionable support that drives real results. The firm's approach has been instrumental in helping 75% of their portfolio companies secure enterprise contracts, underscoring the effectiveness of their methodology.

Investment Focus

• Enterprise software focus
• Strong product-market fit
• Scalable solutions
• Alignment with major tech trends

Portfolio Companies