Baltic Tech Ventures - BTV - BTV - The only exchange traded (Nasdaq Baltic First North) tech accelerator/early
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Baltic Tech Ventures
Scalable Technology
Innovation
BTV
BTV – The only exchange traded (Nasdaq Baltic First North) tech accelerator/early
stage VC investor
Managed by experienced investment bankers and industry professionals
Jan 2021
VC is thriving as an asset class Baltic Tech Ventures 2
Baltic States : Deep Well of Entrepreneurial Potential and Innovation
The Baltic states have become The convenient landscape for The motherland of global
1 a booming start-up scene with 2 business activity creates a vibrant 3 unicorns – Skype, Bolt, Bitfury,
more than 2500 registered start-up ecosystem with Vinted, Pipedrive, Transferwise,
start-ups and billions of euros abundance of talent, low cost of Playtech – uncovering immense
invested. The three states rank living, continuous high ranking potential in technology with
Top-10 in early entrepreneurial in ease of doing business, accumulated knowledge,
activity in Europe. friendly regulatory environment experience and confidence to
and robust IT infrastructure. scale and go globally.
Baltic Tech Ventures - Connecting Innovation with Experience
BTV is investing in scalable technology start-ups/companies across the Baltics focusing on seed and early stage
investment. It was established on 30 June 2020 (changed the name of its initial entity traded since 4 April 2013).
The current chairman of the board and the only board member is Mr. Gene Zolotarev. BTV has one significant
shareholder ( >2% of equity), SSE Baltic Opportunities Limited with the ownership of 98% of the company.
The most efficient platform connecting innovation with expertise, experience and access to proprietary and
third party funding. Our team of experts will allow our portfolio companies access to expertise, protection of IP,
scalability to global markets.
Access to institutional and private investors through our vast network of contacts and strategic partners. We
focus on companies with ability to scale globally. We invest only in most capable management teams; key
people need to take and excel in psychometric evaluations.
BTV has a unique ability to promote our portfolio companies and their founders through our proprietary media
network (The Baltic Times) and our media partners.
Allow BTV investors full economic upside of our portfolio companies with no management or success fees, no
lockup and no investment minimum. BTV's shareholders also have full unrestricted access to our portfolio
companies, ability to co-invest with us in our pipeline of fully vetted tech start-ups.
Baltic Tech Ventures 4
Our Investment Strategy
Investment Criteria
We seek to invest in scalable technology innovations with real growth
Startup lifecycle, risk-valuation chart over time
potential and viable exit opportunities, backed by strong
management teams.
BTV’s investment criteria identifies startups in the post-revenue,
pre-A stage with the best combination of high growth and low risk
(long runway).
Target Geographics and Industries
Our investment strategy is focused on the Baltics, targeting software,
technology, energy, biotech, data security, media and
communication industries.
Investment Size Huge scaling Product-
Post revenue Long runway
potential market fit
Invest up to 10% of the equity in start-ups/companies with a clear
path to a successful exit as per our investment cycle. Our target
investment cycle is 2 years from start to exit.
Baltic Tech Ventures 5
Why are we different (…and better)!
Other Other
BTV BTV
VCs/accelerators VCs/accelerators
For portfolio companies For investors
No service or mentoring No management or success
fees fees
Protection of IP and No lockup or investment
register trademarks/ patents minimum
Secure investing - financials
Promotion of the company
fully audited, regulatory
and founders in media.
oversight under Nasdaq
Transparency and full
Guide with expertise and
unrestricted access to
experience to scale globally
portfolio companies
Access to proprietary and Ability to co-invest with
third party funding us in our pipeline of fully
vetted tech start-ups
Baltic Tech Ventures 6
Value Creation for Investors
Every investor is a shareholder of Baltic Tech Ventures which is exchange traded VC
investor on Nasdaq Baltic First North.
Portfolio of the best Assist portfolio start-ups in Stable dividend Exit the investment
fully vetted start– business development, sales, payout of 15% after through our network of
ups/companies in the legal aspects of securing IP scaling up in 1.5-2 other VC or PE fund
Baltics with versatile, or trademarks, fundraising, years. managers. We invest
ambitious and the promotion of a product and where we see a clear
most capable teams founders, identifying and path to successful exit
on board. connecting to suppliers and as per our investment
customers around the world cycle.
to increase the value of their
business.
Baltic Tech Ventures 7
Peer Valuation Comparison
We identified several VC investors who are exchange traded on international stock
markets.
€ in millions Market cap Ticker
Baltic Technology Ventures 10.1* BTE1R (Nasdaq Baltic First North)
TMT Investment 197.1 TMT (LSE)
Draper Esprit fund 1059.3 GROW (LSE)
Trendlines 47.2 TRNLY (ASX)
Frontier Digital Ventures 321.7 FDV (ASX)
* Expected market capitalization after the completion of SPO.
The tables and graphs on this slide employ the most recent data available as of 23.01.2021. Sources: Bloomberg, London Stock Exchange, Australian Stock Exchange, Nasdaq Baltic First North.
Baltic Tech Ventures 8
Selected Target Companies
BTV will use new capital to invest in exciting startups in our pipeline that meet our investment criteria. We have
identified the following startups, presently 16 in the pipeline, with great potential where BTV can contribute a great
deal of value through our network and contacts:
HRMNY is an ML-powered human Solfeg.io is an interactive app that MASC is a platform that makes PPE Jetbeep is a mobile app that enables
technology to recognize cognitive and makes it easy to practice instruments, procurement process transparent, simple, personalized in-store engagement
behavior patterns and empower building learn and teach music. The company and reliable. Since its launch in April 2020, and interaction for retailers and
teams with strong relationships. HRMNY has made a remarkable progress in its MASC is already used by Estonian public brands. The company is growing
is lead by strong and versatile management target markets, and we believe BTV institutions and completed multiple rapidly and BTV has a very
team, and we see a wide array of industries can help scale sales by giving access to transactions. The company can expand into complementary skill set to support
where the product can bring great value to key clients and partnerships. more verticals, where BTV can make their expansion in the Baltics and
its users. contribution. the rest of Europe.
Website: https://solfeg.io/
Website: https://www.hrmny.ai/ Website: https://supply.masc-global.com/ Website: https://jetbeep.com/
Bercman develops Smart City, Smart AgroPlatforma is a B2B marketplace that Attention Insight is visual attention iDenfy is a certified online identity
Road and Mobility related innovative allows farmers and grain buyers to prediction technology based on deep verification company that provides secure
products and services to accelerate the communicate, fix grain prices, and complete learning. It improves design performance and reliable solution to instantly verify
progress towards self-driving vehicles deals in a much faster, profitable, and by instantly predicting where people will consumer’s identity and enable business
and eliminate all traffic-related fatalities. efficient way. The platform has few hundred look while engaging in your content. Great to be compliant, smoother and more
Bercman identifies BTV as a strong users and helped to trade thousands of tons tool for companies to boost client profitable. We feel that our exclusive
partner and investor to start cooperation up to date. We like AP’s strong team of conversion. network of senior bankers and industry
with the company, which has been industry professionals, niche market and participants can make notable
documented in letter of intent. product-market fit. Website: https://www.attentioninsight.com/ contribution to iDenfy’s growth.
Website: https://www.bercman.com/ Website: https://www.agroplatforma.lv/ Website: https://www.idenfy.com/
Baltic Tech Ventures 9
Selected Target Companies
BTV will use new capital to invest in exciting startups in our pipeline that meet our investment criteria. We have
identified the following startups, presently 16 in the pipeline, with great potential where BTV can contribute a great
deal of value through our network and contacts:
CHRG Network makes EV charging accessible Calidity is an Estonian software based solution Themo is the first truly intelligent digital Flipful is an app that allows
everywhere for everyone by connecting that makes sure that climate hardware is thermostat that takes into account real-time employees access to their earned
charging stations into a single network and working as efficiently as it possibly could. electricity prices, outside weather and indoor salary anytime without affecting
enabling owners to generate revenue from Calidity brings you full control of your building temperature to optimize energy consumption while existing payroll process. Great
sharing their charging stations. The company by connecting it to cloud, provides energy heating the place. Themo enables customers to tool for companies to attract and
is based in Lithuania. The EV market is huge management solution, and reduces utility costs. save money on electricity bills and reduce carbon decrease turnover of employees.
and continues to grow at a rapid pace, BTV will aim to give the company access to footprint significantly. The company is expanding The company is based in Latvia.
nevertheless, supporting infrastructure is property owners and brokers who can take their rapidly in the Nordic and Baltic countries, having
underdeveloped. We believe CHRG Network buildings to the next level. few thousand customers already.
can develop a strong presence in the region. Website: https://flipful.eu/en/
Website: https://www.calidityapp.com/ Website: https://themo.io/
Website: https://chrg.network/
IoT platform that provides monitoring Haslle is company spending TTM-Total Traffic Management enables Doconline is a telemedicine platform, where
and management solutions for solar plant management solution that helps vehicle GPS tracking service provider people can sign up and receive video
owners, installers, and maintenance managers to track budgets, purchases, companies to make the transition from simple consultations in a matter of minutes, by saving
companies to increase energy production subscriptions, and cards all in one monitoring to actual regulation, increase the time and money. The company is leading
and usage. We like an experienced place. BTV can scale Haslle by putting effectiveness of all their existing services, and telemedicine solution provider in Latvia, having
management team and superior its solution into corporate clients and create controlled mobility. The company has facilitated more than thousand consultations
technology of Inion. The company is attract industry experts to join the relocated to Latvia and aims to expand to the with hundreds of doctors and patients.
based in Lithuania. company board. Baltics and later on in the EU.
Website: https://inionsoftware.com/ Website: https://www.haslle.com/ Website: https://www.ttm.lv/ Website: https://www.ttm.lv/
Baltic Tech Ventures 10Portfolio Companies and Innovation Projects
We actively source and discuss start-ups for our portfolio as per BTV’s investment
strategy. Meet our current portfolio companies and innovation projects:
Asya SIZZAPP STAYE Orocon Corebook
Asya is a relationship health app SIZZAPP is a compact and STAYE is the first Living as Orocon is a SaaS solution for Corebook is an interactive web tool to
that facilitates building happy easy to install smart alarm a Service platform construction and maintenance build and share online brand books.
and meaningful couple device for motorcycles to providing solutions for companies to manage, control Corebook is here to aspire full
relationships powered by Ethical track, protect, and monitor flexible living and the new and optimize their processes. confidence in branding.
AI and emotional intelligence.. your vehicle all the time. work environment.
Kedeon Solutions Zeew iWrist Mechanical Macro Keypad
Kedeon is a food quality tracking Zeew is a leading provider iWrist is an inclusive wearable A fully programmable macro keypad
platform that makes the food of on-demand delivery navigation device that uses haptics to designed to help developers, creators
system more resource-efficient, technology to many guide the user .The bracelet connects and streamers perform complex tasks
secure, transparent and trusted. companies worldwide. to a phone application to receive a GPS with a single button press.
signal and directions data.
Baltic Tech Ventures 11Management Team & Operations
Gene Zolotarev Andris Breske Lasha Mtchedlishvili Atlanta Hackney Alex Felman Alexey Srebny
CEO and Head of Strategic Senior Analyst Digital Marketing Investment Advisor Investment Advisor
Investment Committee Partnerships
Karri Jokivartio Mikael Louekoski Nigora Usmanova Ansis Spridzans Sophia Tupolev-Luz Tobias Haines
Business Analyst Administration Head of Legal / First Investor Communications Branding and Product
Development and Operations North Certified Adviser and Marketing Development
Law Office Spridzāns
Representative
Baltic Tech Ventures 12Strategic Partners
TMT Investments
KCG Capital
The Monaco Private Dot Matrix Group 9Others: Global network
Equity and Venture of over 4,000
Capital Association entrepreneurs in 45 cities Titanium Technologies Group
around the world.
Blue Ocean Holdings
Latvian Private
Global Business Owners Equity and Venture
Capital Association Estonian Private
Equity and Venture Lithuanian Private
Capital Association Equity and Venture
Venture Faculty:
Capital Association
Venture Hub in Riga,
Latvia. Maximus Capital
Venture Rocket
iClub London
European Business
Angels Network
White Castle Partners
Peterson Patents:
AAA LAW. CoFounder Venture Studios
Baltic Tech Ventures 13
AG Capital The Baltic TimesHow to Invest AS "Baltic Technology Ventures” is Nasdaq Baltic First North traded company. To participate in the upcoming share issue, please fill out the SHARE SUBSCRIPTION FORM. Closing date for subscription: 26 February 2021 Minimum investment size: 10 000 EUR Baltic Technology Ventures on Nasdaq website Baltic Tech Ventures 14
Contact US – We would love to hear from you!
Address: Rūpniecības iela 1-5, Riga, LV-1010 Phone: +371 67783611 E-mail: info@baltictechventures.com
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