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Buildit is a venture capital fund and accelerator founded in 2013 in Estonia. It focuses on hardware and IoT startups, helping them to scale and develop their products. Over the years, Buildit has evolved from offering seed funding to becoming a full-fledged venture capital fund capable of investing up to €1.5 million in startups. The organization has supported over 80 startups through 18 batches.
Buildit invests in early-stage startups primarily within the Industry 4.0 space, including sectors such as robotics, automation, AI, and software solutions. The fund provides pre-seed investments of up to €250,000 for startups incorporated or predominantly operating in Latvia, and seed stage investments of up to €1.5 million for companies in the Baltics, Nordics, and potentially other EU countries. Key criteria for investment include having a minimum viable product (MVP), early traction, a customer base, and a clear growth strategy.
Notable portfolio companies include: **Orbit8**: A personalized digital career assistant based on aptitudes and interests. **Stapes**: A platform enhancing employee mental well-being through relaxation experiences. **PeakSave**: A service shifting energy consumption patterns to cost-effective hours. **RedFrog**: A networking platform utilizing Augmented Reality for location-based information. **WatchBuilt**: A wearable device for safety helmets that eliminates the need for manual monitoring in construction. **Cellbox Labs**: A gut-on-chip technology for drug discovery. **SimpleCharge**: A provider of EV charging devices that can be installed on lampposts.
To approach Buildit VC, founders should prepare a pitch that highlights their minimum viable product (MVP), early traction, and growth strategy. Interested parties can submit their pitches through the official website at buildit.lv or by emailing buildit@buildit.lv.
Buildit VC runs a single accelerator program designed to support early-stage startups in the Industry 4.0 space. This program helps startups scale and develop their products through structured support and funding.
Buildit VC invests in pre-seed and seed stages.
You can pitch Buildit VC through their website at buildit.lv or via email at buildit@buildit.lv.
Buildit VC focuses on sectors including IoT, robotics, AI, and SaaS.
Buildit VC's check size ranges from €250,000 to €1.5 million.
Buildit VC primarily invests in startups incorporated or predominantly operating in Latvia, with potential expansion to other EU countries.
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