As a rule of thumb, your business activities shouldn’t date back over 4 years.
You should be either actively fundraising or ready to start the process.
We’re looking for startups with solid proof that users love your product.
This year’s winners will receive a syndicated investment of up to €300,000 from Estonian, Latvian and Finnish business angel networks, along with many other prizes from investors and partners.
Now we’re looking for the next mission-driven team ready to take their startup to the moon.
— Kalev Kärpuk, CEO of Adact (L59 Pitch Competition Winner who exited in 2025)
– Nemailla Bonturi, Co-Founder of ÄIO & a winner of L59 Pitch Competition 2023
We are looking for founding teams with a solid mission, a scalable business model and a functioning product/service with proven traction.
You should:
Industry
L59 Pitch Competition is industry-agnostic.
In 2026, the Latitude59 conference follows areas such as deep tech and impact, which is why we welcome these companies to apply. However, this does not give any particular bonus points in the evaluation, and the selection will be based on the best fit with lead investors.
Countries
Startups from all around the world are invited to apply.
However, it is important to note that Latitude59 stands with Ukraine, which is why startups with strong connections to Russia, Belarus, and North Korea will not be included in the evaluation process.
Lead investors have joined the L59 Pitch Competition as partners who will make the investment offers to the most promising startup(s). Together, these partners can give away one or more investments. Ideally, all partners would like to select one startup whose current phase and investment-readiness would meet this goal. However, it is possible that the final choice will be different, which can also result in multiple investment offers to more than one startup.
Investments can, but don’t necessarily have to go to the same company. This also means that more than one investment decision can be made. The VC fund and the lead investor of the business angels syndicate leave the right to make the investment offer to 1–3 startups.
Concerning the investment size, we take into account previous experience. Thus, most broadly the investment can be named as a seed stage.
Eligible startups are invited to apply before April 15, 2026.
After that, all startups will be sorted to broad categories (internally).
Each startup will be evaluated by two separate people. Evaluators are chosen based on their experience and background to guarantee clarity.
Each evaluator will share their top recommendations (based on grades and personal recommendations) with the lead investors. Based on these shortlists and grades, lead investors will agree on the TOP 30 startups that will pitch.
Finalists are asked to sign the general term sheet with the investors.
There will be one internal pitch for the investors that will take place in May 2026.
The lead investors will conduct due diligence with top startups. Based on the results, investment decisions, and offers will be made.
The TOP 7 startups will pitch on the Latitude59 Main stage on May 22, 2026. Winners will be announced on the stage.
Are you an early-stage startup on a mission to create a better world?