Category: News

  • Who Was the Founder of the Year? – Recap of the Estonian Startup Awards 2022

    Who Was the Founder of the Year? – Recap of the Estonian Startup Awards 2022

    Estonian Startup Awards 2022 took place on January 27th. This year Trind portfolio companies and founders were well-represented in the awards. Timmu Töke / Ready Player Me The Founder of the Year 2022 was Timmu Töke of Ready Player Me. Timmu Tõke has overseen Ready Player Me as the CEO for nine years, through countless pivots, and in 2022 raised a $56M B-round led by US investor Andreessen Horowitz (total funding is now $72M). Ready Player Me – in its current form – was launched in 2020 and has since been rapidly scaled to 5,000+ customers across the metaverse. Clients

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  • Trind leads €2 million round of Barcelona-based nightlife technology company Xceed

    Trind leads €2 million round of Barcelona-based nightlife technology company Xceed

    Trind leads a €2 million investment round in Xceed, one of the fastest-growing tech companies in the live events scene, to grow Xceed’s intelligent event discovery platform. The funding round comes on top of an astonishing track record of two years of profitability and positive cash flow and will fuel the company’s growth and new market expansion across the EU in 2023. That has been driven by the fact that Xceed is unique in the industry as both a leading marketplace solution for end customers, i.e. event-goers, but also has one of the strongest software offerings for event organizers and

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  • First Investment from Fund II: Social eCommerce Company Yaga

    First Investment from Fund II: Social eCommerce Company Yaga

    We are proud to announce our first investment from our second fund, closed in September: Yaga, a female-founded social eCommerce company that allows people to buy and sell second-hand fashion. Launched in 2019 by Aune Aunapuu, the startup’s female co-founder and CEO, Yaga has quickly risen to become one of South Africa’s most popular online fashion platforms. Showing its ability to thrive throughout pandemics and economic downturns, it has grown to receive over 5 million visits per month. Over 5000 new items are listed on Yaga every day, with 750 000 items currently on sale just in South Africa. Yaga

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  • Douglas Castro of Neural DSP is the Entrepreneur Of The Year

    Douglas Castro of Neural DSP is the Entrepreneur Of The Year

    Douglas Castro, the founder of our portfolio company Neural DSP, was selected as Finland’s growth entrepreneur in the 2022 EY Entrepreneur Of The Year competition. The annual competition organized by the audit and consulting firm EY rewards entrepreneurs who inspire others with their vision, leadership, and achievements. 51 Finnish growth companies participated in the 2022 competition. Douglas Castro was awarded as growth entrepreneur of the year at the Finnish Entrepreneur Of The Year 2022 gala held on November 4, 2022. With the win, Castro will be able to compete for the world championship of entrepreneurship at the World Entrepreneur Of

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  • Trind VC raises new €55M fund to invest in startups with a consumer or community component in Europe

    Trind VC raises new €55M fund to invest in startups with a consumer or community component in Europe

    We are proud to announce closing our €55M second fund. We aim to invest in 30–40 startups with proven traction in four years. The fund is backed by institutional investors such as European Investment Fund, Tesi (Finnish Industry Investment), LHV Pension Funds, and Swedbank Investment Funds. “We were targeting to raise €50 million, but as we already have more commitments, we will go slightly above that in the second closing. Most of our LPs from Fund I joined Fund II, a sign of trust we truly appreciate. We are honored to have top-tier institutions from the region investing in the

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  • Ready Player Me raised $56 million in a B-round led by Andreessen Horowitz

    Ready Player Me raised $56 million in a B-round led by Andreessen Horowitz

    Trind Ventures portfolio company Ready Player Me received a B-round investment of 56 million dollars to become the leading avatar system in the metaverse. The investment round was led by one of the world’s best-known venture capital firms, Andreessen Horowitz. “2022 has been of significant importance in the company’s development — if at the beginning of last year 24 companies used the Ready Player Me platform, today this number has already risen to over 3,000” explained Timmu Tõke, founder and CEO of Ready Player Me. He added that the company’s goal is to become the leading avatar system in the metaverse. The B-round

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  • Trind Ventures team is looking for an Investment Analyst!

    Trind Ventures team is looking for an Investment Analyst!

    We are expanding our small team to find and support the best founders in Europe. Therefore, we are looking for a full-time Investment Analyst to join our team!

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  • Trind Ventures’ new fund for early-stage digital companies reaches first closing at 21 million EUR with support from EU.

    Trind Ventures’ new fund for early-stage digital companies reaches first closing at 21 million EUR with support from EU.

    We are pleased to announce Trind Ventures has concluded the first closing of its new fund at 21 million euros. The three largest investors in the fund are European Investment Fund (EIF) under the Juncker Plan, LHV pension funds (LHV) and Trind Ventures’ team itself.

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