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Investor Day
Roundtables

The Investor Day Roundtables are a unique opportunity to meet fellow investors with similar interests and investment focus as you. During the 45-minute roundtable, you will get to discuss relevant topics led by an expert.

Registration

The registration for the roundtables opens in early October through a separate Typeform, that is sent out to everyone who has registered for Investor Day. Please note that all 2022 roundtables have filled up.

Slots are filled on a first-come, first-served basis. You will be able to choose the three sessions you’re the most interested in, and we will confirm your session(s) by email. If a roundtable listed below isn’t available in the Typeform, it means the session is full.

Each roundtable discussion will have a designated Notion page to prepare you for the discussion and collect the contact details of your fellow session members. This information will be sent to you by email roughly two weeks before the event.

WHAT WENT DOWN IN 2022

3 PM ROUNDTABLES

These roundtable sessions will run from 3:00-3:45 pm. Click on the title to read a short description of the topic provided by the host.

Edtech investing trends in a post-pandemic world

The past few years have seen unprecedented growth in Edtech. The pandemic has undoubtedly revealed an even greater societal need for education innovation and a higher willingness to pay for tech-enabled education. The education sector is expected to be a US$7.3tn global opportunity by 2025 and we see a lot of room for further Edtech growth with compelling secular tailwinds such as population growth in emerging markets, improving education levels worldwide and workforce reskilling and upskilling.

The global edtech market is now forecast to grow at 16% per year to reach approximately US$404bn by 2025. This session will focus on:

  • A discussion on valuation, investing and acquisition trends in Edtech
  • How key players are assessing the space moving into a post-pandemic world
  • Learnings on Edtech from the past few years and Edtech areas of opportunity in the short and long-term, globally
  • Overall, what are we excited about ?

This roundtable is hosted by Denis Nikolaev, Head of EdTech Investments for Prosus.

The clock is ticking: why VCs will lose founders and deal origination if you haven't embraced inclusion

The VC ecosystem still has a diversity problem. Underrepresented founders are overlooked because investors only tap into their own privileged networks. The result is that VC firms are doing the exact opposite of what they are set up to do – missing opportunities.

Talent is everywhere, opportunity is not. VCs can change this by embracing inclusion and intersectionality.  This roundtable will share practical advice about how to create inclusive environments and how to support inclusive founders.

This roundtable is hosted by Sarah Finegan, Director at Antler.

Measuring the impacts of impact investing

The Nordics are leading the impact investing game. It’s time to back this claim with data showing the effects of impact investments in the real world, as metrics focusing solely on operational excellence no longer suffice.

Impact data provider Upright and impact investor Norselab invites you to a lively discussion on the intrinsic tie between impact and commercial success, and why companies’ core products and services should be central to measuring the impacts of impact investing.

The roundtable is hosted by Maria de Perlinghi (Partner Impact & Communications, Norselab) & Annu Nieminen (Founder & CEO, Upright).

State of the late-stage VC market in the Nordics

In recent months, the volume of large late-stage VC investments has showed signs of slowing down globally. We discuss the current market situation, the looming threat of down rounds and the entrance of more investor-friendly deal terms in Nordic late-stage VC investments.

This roundtable is hosted by Kimmo Reina from Bird & Bird.

The unstoppable rise of AI in venture capital

The use of data has changed from nice-to-have to must-have. Whether you are a big hungry programmatic growth investor or an artisanal seed investor, data has become indispensable to not missing opportunities. All investors are collectively looking to invest earlier and earlier; the lines between early stage, late growth and even public investing are blurring.

This roundtable is hosted by Pau Vidal and Yoram Wijngaarde from Dealroom.

Healthcare: Uniting fragments of patients’ journey

In an ever fragmented healthcare industry, will verticals of each segment rule the roost or will we find one ring to rule them all?

Discover more with Samantha Jérusalmy, Partner at Elaia who covers Digital Life Sciences with investments in Lynxcare & Tilak Healthcare.

Supporting deep-tech portfolio companies from Seed to Series B

Deep tech businesses are difficult to benchmark against more consistent SaaS or consumer models. A discussion on milestones, fundraising strategies, and team/board building for early stage emerging science & technology.

This roundtable is hosted by Archie Muirhead from IQ Capital.

Debt, convertible note and venture debt as a tool during the downturn

Look forward to discussing:

  • What are the longer trends on debt leveraging?
  • Venture market cool-down effects
  • Small extension rounds, convertible notes, avoiding down rounds – where is the focus?
  • What is available on the debt side? What works?

This roundtable will be hosted by Vesa Riihimäki from Nordea.

Fintech Infrastructure: What is yet to shine despite (or thanks to) the downturn?

Although fintech has been hit the hardest in the public markets, we still believe it’s ‘long live fintech!, especially in the infrastructure space.

We’re inviting you to discuss the opportunities, including crypto & trading enablement, new payments infrastructure & FinOps, open & real-time data (far beyond banking), and more.

This roundtable is hosted by Olga Shikhantsova, Partner at Speedinvest.

Making Europe an Industrial Tech Powerhouse

Europe is the birthplace to some of the biggest industrial, logistic and robotics companies in the world. The continent’s combined industrial and logistics turnover was estimated to be $11 trillion in 2020, and investments in industrial tech has grown by 8.8x in the last six years.

Yet, despite the industry’s huge potential, industrial tech funding is still lagging. Let’s discuss the current state of European industrial tech and if and how Europe can supercharge the next wave of global industrial tech leaders.

This roundtable is hosted by Christian Noske, Partner at NGP Capital.

Portfolio work in 2022 – how to help founders, companies and ourselves adjust to the new normal

The times of cheap capital & zero interest rates are over, and funds as well as founders have to quickly adjust to a new reality. Many founders (&VCs) have only seen the high times of the last 2-3 years, or have gotten fully accustomed to them.

To many, the last six months have been like waking up with a massive hangover after a big party, with some being reluctant to sober up as quickly as potentially necessary.

This session will focus on:

  • Which advise to give to which companies? Where to press ahead, where to suggest a more positive stance?
  • How to work with founders who are less quick to accept and adjust to new market environments? How to deal with ‘yes, but we are different/this does not affect us’?
  • How to deal with the real implications of sharply decreasing valuation levels e.g. on employee incentives, equity stories, etc.

This roundtable is hosted by Fabian Gruner, Principal at HV Capital.

Taking your investment strategies and team international – lessons learned and best practices

Deciding to invest internationally is exciting, but new markets mean new challenges.

Please join NEA’s Philip Chopin and Luke Pappas for a conversation on lessons learned and best practices to growing and managing an investment team and portfolio across multiple geographies.

 

4 pm roundtables

These roundtable sessions will run from 4:00-4:45 pm. Click on the title to read a short description of the topic provided by the host.

Spotting winners early in Nordic and Baltic fintech

Thanks to world class infrastructure, the Nordic and Baltic region produces a record number of good fintech companies. However very few are able to take the next step and scale outside of the region where the underlying infrastructure is not as reliable.

Inventure’s Gwen Sandberg, previously the Global Head of SMB and Growth at Tink (acquired by Visa for €1.8 billion) will lead a discussion on how to identify those who can make that international leap and go from good to great.

How to help your portfolio shape their narrative

Startups with a compelling narrative have a much easier time with sales, hiring, fund-raising and getting great press. But founders often struggle to construct a memorable story about who they are, often because they are too close to the business to see what’s really significant.

This is where VCs can come in with a helping hand. But what’s the best advice to give to founders on shaping a narrative? Find out at this roundtable with Michael Stothard, an investor at firstminute capital who previously spent 5 years at the founding editor of Sifted.eu, where he saw tens of thousands of startups selling their stories.

B2B Marketplaces

Businesses still transact with each other through e-mails, phones, or even fax. The next generation of B2B Marketplaces is setting out to change this — and we have seen some great success stories out of Europe already: Sennder, Ankorstore, Cargo One, and others.

Let’s discuss which markets work for a B2B Marketplace, how to scale them from Europe, and how SaaS or Fintech enablement can actually work.

This roundtable is hosted by Javier Valverde from Prosus & Andreas Helbig from Atomico.

Defining and measuring impact: Building the impact framework for early-stage startup companies

The times where solely financial returns mattered are behind us – on top of financial performance, investors now want to see positive impact. Sometimes addressing the impact can be straightforward, but in the context of early stage startups that are in the product development phase, the impact framework gets more complex.

In this roundtable, we discuss how early stage startups can build a meaningful impact framework. We’ll also elaborate on challenges and opportunities in different industry verticals.

This roundtable is hosted by Inka Mero, Parter at Voima Ventures.

How is VC investment strategy evolving in a lower valuation environment?

Over the course of 2022, we have seen valuation for public high growth companies and start-ups fall significantly. Last year we discussed how a rising valuation environment and an influx of new funds was changing VCs’ strategy.

This year we will discuss the reversal and how funds are adopting their strategies in a more challenging investment environment.

This roundtable is hosted by Martin Ericsson from Eight Roads.

Supporting Founders through Turbulence

The markets have not been kind in the recent months and there is still a lot of uncertainty ahead.

We have all worked with our founders to navigate through challenges they hadn’t faced before – from layoffs, to pivots, to raising extensions and more.

In this open discussion, we’ll talk about the types of scenarios we’ve encountered and what we’ve done to help our portfolio companies navigate them. We’ll also talk about how we can help our founders see around corners, and and how to be more proactive vs reactive in the coming year.

This roundtable is hosted by Cleo Sham, Partner at Stride VC.

The Deep Tech Opportunity in Europe: How to find exceptional tech founders and what comes next

Through the use of AI technology, VCs have the opportunity to find tech founders outside their usual networks.

At the roundtable, we discuss the pros and cons of using AI in early-stage investing and explain how it makes the decision-making process for VCs more efficient, accurate and less biased. We also speak about trends and new deep tech industries that will shape the tech sector until 2030.

This roundtable is hosted by Eva-Valérie Gfrerer, Founder & CEO of Morphais. 

Why has the Seed and Series A market been protected from the malaise in late stage tech investing, and will this last?

Why do early stage funds remain so confident when the later stage funds have pulled back? After raising the A, should companies still focus on winning the market, or does capital efficiency affect the Series B. And has the reaction to the Adobe/ Figma deal killed the halo of protection in software?

This roundtable will be hosted by Ed Lascelles, Partner at Albion VC.

The best ways to source and handle deal flow

This roundtable will be hosted by Teija Nousiainen from Nordea.

Latest trends in Corporate Venturing

While for many years, big industrials have been using CV and M&A to amplify their innovation ambitions instead of relying on their R&D functions alone, some have been more successful than others. How does Corporate Venturing fare these days and are investors getting wary of the equity option as opposed to normal commercial agreements? We discuss the latest trends in CV and what makes for a successful CV investment.

This roundtable will be hosted by Iina-Mari Supperi & Martin Folke from Bird & Bird.

Foundation Models / LLMs: The next tectonic shift for VC investment opportunities?

This roundtable is hosted by Viet Le from La Famiglia.

Stride towards society 5.0 - What investment opportunities Japan is looking for
Japan is looking for startups to fill their goals to build the Society 5.0 – the future society it should aspire to be being sustainable, resilient, and human-centered. Startups are seen as an engine of growth and there is now a tremendous interest to find investment opportunities to foster these goals, especially from the Nordics.
Join the discussion led by NordicNinja’s Investment Director Claes Mikko Nilsen about how Japan has increased the amount of VC investments more than tenfold in the past decade, and where it’s looking forward to entering next.
Operating and investing in deep-tech companies

It may seem difficult for small deep tech start-ups to get a foot in and make an impact becoming true thought leaders in the industry. Luckily there are some key insights based on their customer universe that lead to specific GTM and funding strategy.

Backed by my own experience of creating one of the leading mobile camera tech companies, and having invested in deep tech companies let’s engage in:

  • What is in the core of the virtuous cycle in deep tech?
  • How to create specific GTM based on the customer universe?
  • How does road to value determine the funding strategy?

This roundtable is hosted by Sami Niemi, Partner at Spintop Ventures.

Climate Tech, where to invest - the Maersk Growth perspective

Discuss the following questions in a roundtable hosted by Peter Votkjaer Jorgensen & Mathilde Lyet from Maersk Growth:

  • What is the most significant impact potential to achieve 2030 targets (basis 1.5 degrees increase) / what are the main prohibitors?
  • Is climate tech an investment paradigm shift towards hardware / how does it compare to the last decade’s massive software focus?
  • What is the role of non-purely VC financial investors in climate tech, e.g. CVCs and more patient investors?
  • If you had one wish for next-generation climate technology, what would it be, and what?

5 pm roundtables

These roundtable sessions will run from 5:00-5:45 pm. Click on the title to read a short description of the topic provided by the host.

Designing the Operating System of a great Venture Firm

In this “VC insider” confidential roundtable, we will talk candidly and share experiences about what it takes to build a great venture firm, running through all the elements that constitute the operating system of a successful group, from culture and values to decision-making engine; we won’t shy away from covering the difficult topics inherent in partnership dynamics and the long-term nature of the venture game, with a bit of self-deprecation thrown in.

This roundtable is hosted by Fred Destin, Founder of Stride VC.

Capital allocation for web3/blockchains - tokens vs. equity

Institutional investors are allocating to the cryptocurrency and blockchain ecosystem in different ways. Some venture investors firmly believe that token investing is superior to traditional equity investing. Other venture investors struggle with the lack of regulatory clarity and unclear value accrual mechanisms around token investing and instead see value in traditional equity investing.

Structures and governance have been evolving over the last several years to provide investors with upside. Should a token be launched from an existing equity investment in a company?

This roundtable is hosted by Sean Judge from Castle Island.

Current Trends in the European Investing Landscape

This round table session will focus on current trends in the investing space. What is top of mind for investors this year and heading into 2023, including macroeconomic conversations, which industries will grow further, and which will have increased hurdles, as well as areas for opportunity and how investors can support their portfolio companies.

This roundtable is hosted by Sandeep Bakshi, Head of European Investments for Prosus Ventures. 

Value creation in a pre-revenue deep tech startup - how to demonstrate progress and raise funds in turbulent markets?

Early stage deep tech companies are often years away from any meaningful revenues, and are lacking KPIs often seen in SW companies. At the same time, the geopolitical turbulence has changed the fundraising environment.

In the first part of this roundtable we’ll focus on discussing milestone setting and relevant KPIs that show progress and validate the opportunity for later stage investors. Then, we’ll turn the focus to relevant investor groups for deep tech startups in today’s fundraising climate.

This roundtable is hosed by Jussi Sainiemi, Partner at Voima Ventures.

What are the key challenges to scaling climate technology companies?

Innovations will be needed across every industry if we are to decarbonise at scale and meet net zero by 2050.

However the success of climate technology companies will rely on multiple policy shifts, new financing structures, cross sector expertise, changing consumer preferences and fresh talent.

When is early stage venture capital the right financing? How do we better collaborate with more traditional energy and infrastructure investors when there is a project financing component? What is the role of corporate VCs in scaling these complicated industrial technologies? How do we avoid a repeat of Cleantech 1.0?

The roundtable will be hosted by Siobhan Brewster, Partner at AENU.

Tough Decisions: When the party is over for founders and investors

We have experienced unprecedented valuations in the tech market in recent years. Newly minted unicorns made headlines almost daily, but alas, now the party is over.

While founders are frontline in this crisis, VCs must take tough decisions when it comes to managing fund reserves and financing round extensions. We have a key role to play in helping founders navigate these times. We must remain transparent and unbiased, in explaining the new norms. It’s in these times that founders will know if they can count on their VC (or not).

Let’s discuss the profitable growth framework(s) and communication best practices to put in place, for the benefit of your portfolio companies and the relationship with your founders.

This roundtable is hosted by Alison Imbert & Elena Moneta, Principals at Partech.

Will Founder friendliness survive a recession?

We discuss recent investment instrument trends, such as when to use warrants and convertibles as opposed to equity first investments and contemplate whether ‘founder friendly terms’ are really that friendly to founders. We walk through American-style convertibles e.g. HATCH as SAFE with Nordic characteristics and talk blockchain, including whether tech startups issuing shares will soon be minting NFTs with SHA terms as part of smart contracts.

This roundtable will be hosted by Martin von Haller from Bird & Bird.

Using Angels as a deal source for VCs

The pandemic enabled VCs to spread their geographical scope, but it’s still hard to get into good deals, especially in the early stage, without having feet on the ground. In this workshop we want to hear the experience of using angels as the local scouts:

  • What are the pros and cons of working with angels?
  • How to network with angels?
  • Are results worth the time you invested in creating the connections?

This roundtable will be hosted by Tuomas Pahlman, Angel Investor.

Climate Tech & Transportation: The road to decarbonization

The transportation sector accounts for approx 25% of Europe’s GHG emissions. Unlike other sectors, the transportation sector’s output remains flat without any momentum to go down significantly.

This roundtable discusses investment opportunities arising from the urgent need to decarbonize and where new companies will emerge along the transportation value chain.

This roundtable will be hosted by Christian Noske (NGP Capital) & Jens-Philipp Klein (Rethink Mobility)