2019 was an active year with both new investments as well as follow-up investments to existing portfolio companies.
Key Figures 2019
New Investments: 5
Follow-Up Investments: 4
New investments were made as planned. This pushed the amount of the portfolio companies to 20, giving quite well diversified portfolio.
Based on the current valuation of the companies, the IRR is 30% (including both the current portfolio as well as the exits). However, it should be noted that do to the nature of the start-up investments, the period is still too short to reliably assess the profitability of the investment activity.
Investment Activity Q4
No new investments were done in Q4.
Three follow-up investments were made in Q4. Dwellet received a seed round from existing investors, new angel investors and Gorilla Capital. Liid closed its bridge round with existing investors, angels and Fiban Follow. SportaPost received investment from existing investors and two new angels.
Portfolio Highlights Q4
ContractZen won 100kUSD at the Nordic final of Ingram Micro’s Comet Competition and will take part in the Ingram Micro’s Cloud Summit in Miami, Florida in spring 2020.
Feelingstream was listed amongst the 10 revolutionising AI startups from Estonia you need to know about in 2019 by Silicon Canals.
Montisera moved part of its businesses into two subsidiaries: Montinutra will start production of natural bioactive extracts, that will be used in a wide range of applications in food, feed and technochemical industries. Montipharma will be heading to clinical development phases of promising medicine to treat a variety of dependency disorders, including alcoholism and game dependency, and functional food ingredients for lower urinary tract symptoms, including prostate related disorders.
PromoRepublic launched its enterprise product.