Financer: Government of Latvia, ERDF, private entities
Purpose: Overkill Ventures is a Nordic-based angel fund. Overkill Ventures invest as early as angel investors do, however, have the resources, know-how and network to help startups get to product-market fit and scale from there
Terms: Investment structure - Overkill Ventures invests up to EUR 220K in startups with high growth potential. Investment lies not only within the money but also the time, energy and knowledge given to startups to accelerate their product-market fit. Investment is structured in two stages: EUR 40K + lightweight mentorship program to accelerate startup’s product-market fit; Up to EUR 180K follow-on for the startups that have the closest fit with our investment thesis. Online program is structured in the most lightweight and condensed way possible to minimize distractions and allow company to stay focused on its' business. It is designed to help achieve product-market fit faster than the company could do it on its' own. Regardless of receiving follow-on investment or not, the company will be provided with support and access to investor network to help raise the next round

Tags: Business Public Funding Assessing and Going to market Designing and Prototyping