Superangel is a new pre-seed and seed account out of Estonia with association builder ambitions

A new micro VC account corroborated by a horde of obvious names in a Estonia tech stage is de-cloaking this week. Dubbed “Superangel“, a new account is targeting a final shutting of €20 million though has already lifted €12 million. It will make pre-seed and seed investments of between €50,000 and €250,000 on normal per company, adult to €2 million including follow-on investments.

I’m also told a VC — that is formed in Tallinn, Estonia and Palo Alto, California — skeleton to deposit in startups globally, though will give sold priority to European startups that are aiming for a tellurian market, and U.S.-based startups that are looking to dig European and rising markets.

Beyond that, a Superangel account will be zone agnostic, adhering to a extended subtract of information technology. However, when pushed, fintech, mobile, SaaS, pity economy, blockchain, and AR/VR were singled out as sectors a micro VC is gripping a tighten eye on.

“We’re early investors, so we mostly demeanour during a initial team,” Superangel Managing Partner Rain Rannu tells me. “We deposit in good founders, who have transparent vision, relentless determination, and who are good during removing things done. They competence not have nailed down a product thought or business indication yet, though if they’re kickass founders, they have a good possibility to figure it out eventually”.

To that end, a fund’s backers embody Taxify founders Markus and Martin Villig, former ubiquitous manager of Skype Sten Tamkivi, owner of PlanetOS Rainer Sternfeld, along with other unnamed entrepreneurs. Rannu formerly co-founded mobile payments association Fortumo with another of Superangel’s Managing Partners, Veljo Otsason. Investment Manager Marko Oolo was an early worker of TransferWise. The firm’s other Managing Partner is Marek Kiisa, a Kauffman Fellow who was a initial financier in GrabCAD and Bikeep.

“Additionally, we have a Company Builder module where we deposit adult to €100,000 per group already in a thought arrangement phase,” adds Rannu. “We entice good founders but a transparent product thought nonetheless to join us as Founders in Residence. Then we will work closely together to rise a thought and form a team, leveraging the partners and investors network and knowledge until they find product-market fit and “graduate” to attract outward funding. we consider this is utterly opposite from many funds”.

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Posted by on Mar 6 2018. Filed under Europe. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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