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Feelsgood is a social impact investment fund based in Zagreb, Croatia, established in 2019. The fund focuses on investing in Croatian and Slovenian ventures that aim to generate measurable social impact alongside financial returns. It is recognized as the first social impact investment fund in Croatia, approved by the Croatian Financial Services Supervisory Agency. The fund's establishment was officially recognized on June 10, 2020, marking a significant milestone in the region's investment landscape.
Currently, Feelsgood manages a fund size of approximately $33 million and has built a portfolio of 12 companies. The firm operates with a clear mission to support businesses that address one or more of the 17 Sustainable Development Goals (SDGs). This commitment to social impact is complemented by a focus on financial sustainability, ensuring that the ventures they support can thrive commercially while making a positive difference.
Feelsgood's team consists of experienced professionals who bring diverse expertise in impact investing, business development, and strategic guidance. The firm is actively engaged in the regional startup ecosystem, providing not only capital but also valuable resources and connections to its portfolio companies.
Feelsgood invests in ventures that demonstrate strong management teams and scalable commercial business models capable of delivering measurable social impact. The fund operates across various stages, including Friends & Family, Angel, Seed, Series A, Series B, and Growth Equity. Its geographic focus is primarily on North America and Europe, with a particular emphasis on Croatian and Slovenian markets.
The sectors of interest for Feelsgood include fintech, healthcare, consumer products, education technology, and digital agriculture. The firm prioritizes businesses that align with the UN Sustainable Development Goals (SDGs) and emphasizes generating environmental, social, and governance (ESG) impacts alongside financial returns. Feelsgood seeks to partner with companies that have a clear strategy for sustainable growth and measurable impact.
Investment checks typically range from early-stage funding to growth equity, allowing Feelsgood to support companies at various points in their development. The firm is known for its collaborative approach, often co-investing with other regional venture capital firms to maximize the impact of its investments.
Feelsgood's portfolio includes 12 notable companies across various sectors, each contributing to social impact and sustainability:
This diverse portfolio reflects Feelsgood's commitment to supporting ventures that not only aim for financial success but also strive to make a positive impact on society and the environment.
Renata Brkić: Managing Partner with extensive experience in impact investing and business development. Renata has a background in finance and has led multiple successful investments in the region.
Ivona Javorović: Senior Investment Associate specializing in early-stage investments. Ivona has a strong background in venture capital and has worked with various startups in the fintech and healthcare sectors.
Domagoj Oreb: Managing Partner with a focus on strategic growth and operational support for portfolio companies. Domagoj has a history of working with startups and has a keen interest in sustainable business practices.
Vedran Blagus: Managing Partner with expertise in financial analysis and investment strategy. Vedran has been instrumental in shaping Feelsgood's investment thesis and portfolio management.
Dinko Novoselec: Managing Partner with a background in entrepreneurship and venture capital. Dinko brings valuable insights into scaling businesses and navigating market challenges.
Pierre Matek: Chief Operating Officer responsible for overseeing the firm's operations and ensuring alignment with its impact goals. Pierre has a strong background in operational management within the investment sector.
Tilen Šarlah: Country Manager Slovenia, focusing on expanding Feelsgood's presence in the Slovenian market. Tilen has experience in venture capital and startup ecosystems.
Dane Atanasković: Country Manager Western Balkans, responsible for identifying investment opportunities in the region. Dane has a background in finance and investment management.
Mikael Hietala: Impact Associate focused on measuring and reporting the social impact of portfolio companies. Mikael has expertise in ESG metrics and impact assessment.
To pitch to Feelsgood, founders should send an email to info@feelsgoodcapital.com with a detailed pitch deck. The deck should include information about the business model, market opportunity, and how the venture aligns with the UN Sustainable Development Goals (SDGs). Feelsgood prefers pitches that clearly outline measurable social impact metrics.
Response times may vary, but founders can expect to hear back within a few weeks. Warm introductions are beneficial but not mandatory. The firm is open to reviewing pitches from both established networks and new founders.
Feelsgood runs the AI4HEALTH.CRO READY4INVESTMENT PROGRAM, which supports health sector startups. Applications for this program are open until November 30, 2025, with specific cohort deadlines on May 31 and November 30 each year. All program fees are covered after selection, supported by Digital Europe and NRRP funding.
This program aims to provide startups with the necessary resources and guidance to prepare for investment, focusing on ventures that can demonstrate measurable social impact in the healthcare sector.
In September 2023, Feelsgood announced the successful investment in several new portfolio companies, bringing its total to 12. The firm continues to focus on ventures that align with the UN Sustainable Development Goals (SDGs) and emphasizes measurable social impact.
Additionally, Feelsgood is actively promoting its AI4HEALTH.CRO READY4INVESTMENT program, which supports health sector startups. Applications for this program are open until November 30, 2025, with specific cohort deadlines on May 31 and November 30 each year.
Feelsgood's commitment to impact investing has garnered attention in the regional venture capital community, positioning the firm as a leader in social impact investments in Croatia and Slovenia.
What are Feelsgood's investment criteria?
Feelsgood invests in ventures with strong management teams and scalable business models that can deliver measurable social impact. The fund focuses on sectors such as fintech, healthcare, consumer products, and education technology.
How can I pitch to Feelsgood?
Founders can reach out to Feelsgood via email at info@feelsgoodcapital.com. It is advisable to include a detailed pitch deck outlining the business model, market opportunity, and social impact metrics.
What makes Feelsgood different from other venture capital firms?
Feelsgood is distinguished by its focus on social impact investing, specifically targeting ventures that align with the UN Sustainable Development Goals (SDGs). The firm emphasizes measurable ESG impacts alongside financial returns.
What is the geographic scope of Feelsgood's investments?
The firm primarily invests in Croatian and Slovenian ventures but also considers opportunities in North America and Europe.
What is the typical check size for investments?
Feelsgood's investments range from early-stage funding to growth equity, with specific check sizes varying based on the stage and needs of the venture.
What kind of support does Feelsgood provide post-investment?
Feelsgood adds value to its portfolio companies by providing strategic guidance, operational support, and access to a network of resources aimed at achieving measurable social impact.
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