Cross border investing with the leading Baltic investors
summary
Three leading Baltic VCs describe how they source deals across Estonia Latvia and Lithuania, co-invest locally and follow founders abroad, claim the region’s founders are born global and hungry, and give numbers: one firm reports a €70M fund and another has first close at €23M targeting €45M. The model expects roughly 4/10 write-offs with one or two outsized winners, they recruit costly VP sales from abroad, and they already back a Latvian AI meditation app CAI.
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chapters (14)
- 0:00Introduction and welcome
- 1:05Marie Lee’s journey to investing
- 2:32Uldis Narkevics’s diverse career
- 3:37Andres Kütt’s entrepreneurial path
- 4:40Baltic VC advantages over Nordics
- 7:09Collaboration between Baltic VCs
- 9:37VCs vs angel investors
- 11:22Evaluating investments and worst decisions
- 14:10Venture capital’s unique model
- 16:39When founders should give up
- 20:12Baltic funding mindset differences
- 23:26Investment in Mindful Conversation app
- 24:52Fundraising updates and plans
- 25:35Closing remarks
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