Estonian investment fund Superangel, founded by experienced entrepreneurs and investors Veljo Otsason, Rain Rannu and Marek Kiisa will invest up to € 750,000 in innovative startups through its Alpine House program.
According to Veljo Otsason, founding partner at Superangel, the company will invest in startups with high growth potential, working on solving important problems, changing the world and making people’s lives better. Superangel sets its eyes on software and hardware robotics, with special interest in applications of AI, machine learning, deep neural networks, computer vision or natural language processing.
The founders of Superangel together with the investors have been at the birth of many startup success stories, e.g. Bolt, Veriff, Fortumo, GrabCAD, PlanetOS, Monese, TransferWise, Scoro, and Pipedrive.
Tech startups can apply for a spot at Base Camp hackathon, arranged by Superangel and Garage48. Up to top five teams will receive an offer to join the Alpine House accelerator program, which includes an investment of up to € 150,000.
Superangel’s location-independent Alpine House accelerator program will host the startups for 12+ months. The participants will receive support and advice from experienced founders and Superangel investors. Additionally, the startups will meet several renowned experts from different fields, for example Priit Salumaa (co-founder of Garage48 and Mooncascade), Mari Joller (founder and CEO of Snackable) and several Garage48 longtime mentors, such as Joao Rei, Jaanus Jagomägi and Romet Tagobert. Superangel will also take the participants to the markets in the U.S., Singapore, Canada or Europe.
“The Alpine House program and Base Camp hackathon have been designed to take into account the actual needs of startups. Base Camp is an exclusive 48-hour long hackathon, designed for young startups which already have a working prototype and want to build the next version of their product and reach the next level in their strategy. This is where a close cooperation between mentors and startups, sharing the experience and learning from each other becomes essential. Our goal is to boost the progress of startups, help them reach value threshold and attract the next round of financing,“ Otsason explained.
The application for Base Camp hackathon that will take place in March is open until February 20, 2020. Base Camp is held for the fourth time, and its list of alumni includes Lumebot, Kingdom Technologies, Montonio, Remato, Snackable, and many other tech startups.
Superangel is an Estonian investment company. Its early-phase investment fund Superangel One invests in tech startups. The fund has a valuation of €16 million and Superangel plans to invest in 40 early stage tech companies in the upcoming years. Superangel’s Alpine House accelerator program is supported by Startup Estonia.