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Summer wrap up: from pre-seed to going public
News and updates from Inventure
Welcome to another edition of the Inventure newsletter. This summer, we announced three new portfolio companies, had two companies grow from pre-seed to seed, and saw Canatu announce they’re going public. Find all that, and more, below.
You joined Inventure back in 2015. What’s different today?
We’re seeing more founders in the Nordics that haven’t been born here. Unicorns are one international talent draw, and so are our universities, but the big difference now is that we have the talent, capital, and resources for people to stay here and build great companies. This is something common in the US, obviously, but now you really can see it here.
What’s the latest trend you see in company building?
The best companies today can scale without adding people. Today, we’ve see you can really scale fast with the right processes, good leadership, while automating things with AI. We’re always looking for raw execution and fast iteration - smaller teams extend runway and allow you to iterate fast.
Beyond finding a great team, what do you always look for when evaluating opportunities?
I’m always looking for the magical point where there’s initial proof of product market fit, but it’s not validated with scale. With deep product market fit, you don’t have to spend a lot of money in marketing or sales, it’s almost pulled out of a startup’s hands.
For example, Finch has 70,000 people on their waiting list. It’s a very visual product and people can imagine how it will massively improve their work performance and output. Therefore it allows Finch to solely focus on iterating with key customers and making improvements to the product.
Portfolio moves
Canatu announced a share exchange agreement with Lifeline SPAC I. As Inventure’s Sami Lampinen writes, despite it being a 14-year journey, we’re still in the early days of the Canatu story as new applications continue to open up with their technology.
Pre-seed to Seed graduations
We've led toddle's $4.3 million Seed round, building on our initial pre-seed investment. Toddle is reimagining web app development with a visual, collaborative approach. By bringing different stakeholders together in one platform, they're aiming to democratize and streamline the development process. |
We've doubled down on Steep, co-leading their €4 million seed round. Steep is bridging a very deep gap in business intelligence, making data insights actually accessible to every team member across organizations. |
New additions to the Portfolio
We've co-led a €6.5 million Seed round in Biomatter, the first team to build custom enzymes using AI. Their Intelligent Architecture platform designs and creates custom proteins and enzymes from the ground up, truly transforming industries from therapeutics to sustainable manufacturing.
Valo.ai is tackling the growing challenge of SaaS management in enterprises with an AI-driven approach. By proactively optimizing SaaS configurations, Valo aims to boost efficiency and tighten security.
Liiv organizes your fragmented health data across GP records, psychologists notes, and wearables data. With Livv, you own your medical history and can share it safely with doctors at home and abroad.
More News
Inventure Offsite
Bringing our Helsinki and Stockholm offices together, we dug into portfolio support, new trends, and plenty of crayfish.
Let’s meet up.
Here’s where the team is headed next:
What | When | Who |
---|---|---|
Tech BBQ (Copenhagen) | September 11-12 | |
September 24-26 | ||
Startup Fair 2.0 (Vilnius) | October 3 | |
Sustainable Tech Venture Day (Stockholm) | October 9-10 |