Lead Investor for TeraVC
Lead Investor for EstBAN
We’re looking for teams who are less than 3 years old
Applying startups should be in an active fundraising process
Ideas are great but we want solid proof that people love what you’ve got
You have potential to grow global and change the world
In general, we are looking for founding teams with a solid mission, a scalable business model, and a functioning product/service with proven traction/feedback.
The applying company:
Topics and verticals
L59 Pitch Competition is industry-agnostic, with some preferences based on our previous experience and the background of lead investors.
In 2023, 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.
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 and Belarus will not be included in the evaluation process.
Angel investments tend to be more regional than international, which is why EstBAN is upfront about mostly seeking to invest in the region nearby.
Tera VC and EstBAN 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 an investment up to 1 million euros. 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.
In collaboration with Tera Ventures and Estonian Business Angels Network, the pitch competition gives away up to 1 million euros of investment.
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. Tera Ventures and EstBAN 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.