Ticket for European Market
About us
New Nordic Ventures is the leading seed-stage investor in Eastern Europe specializing in enterprise software startups targeting the European market, with a focus on Eastern Europe. Founded in 2021 and headquartered in Latvia, we have established ourselves as the go-to VC investor for early stage B2B startups across Eastern Europe, including the Baltics / New Nordic and non-EU part of Eastern Europe (Ukraine, Georgia, Armenia, Moldova).
Our journey began with a clear mission: to bridge the gap for our target founders by providing them with the support and resources needed to scale their businesses in Europe and beyond.
We are committed to being more than just investors; we are partners dedicated to the long-term growth and success of the startups we invest in.
Investment thesis
“Smart Enterprise” – efficient and AI powered.
Our investment thesis is centered on identifying and supporting early-stage startups that are aligned with major tech trends driving enterprise innovations and have strong potential to disrupt global markets. At New Nordic Ventures, we believe that the next generation of global leaders in enterprise software segment will emerge from the New Nordic and Eastern European region.
By focusing on these principles, New Nordic Ventures is poised to drive the success of the next wave of enterprise software leaders from the New Nordic and Eastern European regions.
1. Focus on Enterprise Software:
We specialize in enterprise software, targeting startups with strong product-market fit and scalable solutions. The New Nordics and Eastern Europe, rich in technical talent, are ideal for nurturing innovative B2B companies. And we utilise our experience and network in enterprise segment to help our companies to succeed in their journey.
2. We support founders from Eastern Europe:
We see huge potential of emerging startup founded by professionals from Eastern Europe, including non-EU part of Eastern Europe, where founders have deep tech expertise, industry knowledge and a strong drive to innovate. And we are happy to be the first institutional investor for such startups.
3. Capitalizing on megatrends:
Our investments are aligned with key megatrends such as AI applications and Gen AI in enterprise, smart / efficient cloud and edge computing, advanced connectivity, sustainability etc. By backing startups at the forefront of these trends, we position our portfolio companies to lead in their markets.
4. Long-Term Value Creation:
We are committed to creating long-term value through rigorous due diligence and strategic support, ensuring that our portfolio companies are well-positioned for successful exits and sustained growth.
Investment approach
New money for international growth
We help our startups to scale their business in Europe in a smart and efficient way by utilizing our extensive competence and professional network. Our initial investment starts from EUR 200-300k which is sufficient for cost efficient teams to significant commercial progress, define scalability strategy and raise next round of investments at substantially higher valuation.
Quick investment decisions
Our investment decision process is very quick and simple – we arrange remote investment committee meetings on a weekly basis and in case of positive decision we issue our investment proposal on the next day. Of course, prior to that we need to obtain certain information about your company.
Investment structure:
Initial investment
Starting from
EUR 200 – 300k
As a solo or lead investor
Follow-on investments
up to
EUR 1.5m
As a lead investor or co-investor
Hands-on support
At New Nordic Ventures, our approach is centered around identifying and nurturing exceptional enterprise software startups at the early seed / late pre-seed stage, particularly those focused on the European market. We believe that success in venture capital requires not only financial investment but also deep engagement with founders who possess a profound understanding of the industries they seek to innovate.
By combining our deep specialization in enterprise software with a proactive and supportive investment style, New Nordic Ventures is uniquely positioned to drive the success of the next generation of European B2B startups. We are committed to delivering superior returns for our investors while helping our portfolio companies achieve their full potential on the global stage.
Hands-On Involvement:
We are not just passive investors; we are active partners in the growth of our portfolio companies. From the moment we invest, we work closely with founders to refine their go-to-market strategies, secure key enterprise customers, and prepare for subsequent funding rounds. Our team’s extensive experience in enterprise sales and business development means we can offer practical, actionable support that drives real results. We are proud with our Fund I results where our hands-on approach was instrumental in helping 75% of our portfolio companies secure enterprise contracts, underscoring the effectiveness of our methodology.
Strategic Networking and Market Access:
One of our key differentiators is our ability to open doors for our portfolio companies through our extensive network of industry contacts across the EU and in some cases in the US. We understand that building relationships with enterprise customers and strategic partners is critical for the success of B2B startups. Through our connections, we help startups gain access to decision-makers in large organizations, facilitating commercial partnerships and creating opportunities for growth. Our strong ties in the industry also enable us to negotiate favorable terms and provide a clear path to market for our companies.
Introductions and co-investments with the leading European VCs at next rounds:
We help to prepare for the next round fundraising by focusing on target customers, commercial dynamics and further growth strategy. And as soon as our portfolio companies have a good message and traction to present to a new investor, we introduce such founders to the top European later stage VC funds and in some cases to strategic investors.
Expertise
European clients and smart scalability
- Define target customer and reduce your sales cycle
- First European enterprise customers from our network
- Efficient go-to-market approach
Complete business set-up in the EU for non-EU founders
- Incorporation and bank account
- EU startup visas and startup tax incentives
- Integration into startup / VC community in Nordic and Western Europe
Preparation for the next round
- Further expansion strategy and funding requirement
- Financial and commercial metrics
- Professional support in fundraising process
Updates
Our portfolio companies
Our team
General partner and co-founder
Dmitry Saikovsky
Professional background: co-founder and partner at Overkill Ventures, leading pre-seed VC fund in CEE, more than 40 investments in tech startups.
Successful exits to strategic buyers (incl. exit of portfolio company with 100%+ IRR, acquisition by tech unicorn).
General partner and co-founder
Kirill Jurzditsky
Professional background: co-founder of a family office Vilandes Ventures with the focus on regional and global early stage tech companies. 7 portfolio companies, 2 successful exits, 10+ years of experience in investments in tech companies from CIS region.
Advisor, Investment Committee member, LP
Alexandre Fedorovski
Professional background: Member of Advisory Board at Bedrock Group, leading multi-family office in Europe with EUR 10bn+ under management. Alexandre participated in investment products structuring, including investment products for tech startups where Bedrock co-invested with Index Ventures.