Buildit Digest: Unleashing Spring Forward

?? Warm greetings from the Buildit team! ??

Venture capital mirrors the patient cultivation of perennial crops by farmers. As winter gives way to spring, warmth and sunlight, TechChill brings investors to Riga. Enjoy the spring, relish the Techchill, and may you see to reward your investors in the coming seasons.

?? Inside this fresh edition of the Buildit Digest:

• Meet the Newcomers to the Buildit Portfolio
• Buildit Community Success Stories: Recent Milestones and Achievements
• Join us at TechChill Riga 2024
• Apply to compete in the Startup World Cup
• And more!

Unfold this edition of the Buildit Digest and discover the latest news blossoming within our community!??

?? New Additions to the Buildit Portfolio ??

The Buildit portfolio blossoms alongside the spring season! We are thrilled to unveil a fresh crop of exciting startups ready to make their mark on the world. Keep an eye on these four promising ventures and dive into their profiles:

• ?? RedFrog: With the aim of captivating the market with augmented reality, RedFrog develops a?networking platform?that leverages this technology for?precise,?location-based?information?overlays?on top of the real world.?The team currently offers indoor tracking, navigation and matchmaking platform and lightweight smart glasses powered by augmented reality.

• ? Peak Save: Shifting energy consumption patterns to the most cost-effective hours, PEAK SAVE significantly reduces costs for businesses. Seamlessly integrating real-time energy market data into existing infrastructure and using advanced machine learning, Peak Save adjusts electrical equipment to the lowest possible exchange prices.
• ?? Orbit8: The team behind Orbit8 is building a personalized digital career assistant based on a proprietary algorithm run on AI-powered Big Data. Orbit8 collects information from people about their natural talents, abilities they were born with, natural personality traits, and interests to predict their career directions and then match them with their best career options. ?
• ?? Stapes: Focused on creating relaxing and stress-reducing experiences, Stapes manufactures immersive vibroacoustic beds. These beds are based on the latest virtualization technology that considers the human multisensory system to provide a maximal relaxation state.

?? Buildit Community Success Stories ??

SUBmerge Baltic Makes Waves at TechChill

We are thrilled to share that SUBmerge Baltic, a company from our portfolio, has been selected as a semi-finalist in the highly competitive Fifty Founders Battle at TechChill 2024! This spectacular feat showcases their innovative spirit in developing submarine drones for water quality monitoring. Facing off against 388 applicants from a staggering 57 countries, SUBmerge Baltic secured a spot among the top 50 semi-finalists. Congratulations to the entire team – we are excited to cheer them on as they advance in the competition!

Naco Technologies Nominated at the “Gada Investors 2023“

Naco Technologies, an innovator in nano-coatings for green hydrogen systems from Buildit portfolio, attracts the spotlight again! Their impressive 1.2M EUR pre-Series A funding round, co-led by Impact Ventures and The Untitled Ventures, has garnered recognition in two prestigious categories at the "Gada Investors 2023" awards: Investment of the Year and Annual Sustainability Award. We eagerly await the "Gada Investors 2023" results on 19 April 2024 and celebrate Naco Technologies ' well-deserved recognition for their contribution to a sustainable future!

SpirulinaNord Competed For Participation at the Entrepreneurship World Cup

Congratulations to our portfolio company, SpirulinaNord, for winning the Audience Award at the Latvian national final of the Entrepreneurship World Cup! We are proud of SpirulinaNord as the only company in Northern Europe cultivating the highest quality spirulina in the harsh northern climate and creating products from it. Learn more about the details of the Latvian Entrepreneurship World Cup competition.

Asya Partners with Tet To Revolutionize Customer Service

With the innovative "Pitch Patterns" call analysis system, asya.ai from the Buildit portfolio will help Tet enhance customer interactions by ensuring 95% accuracy in internal processes and customer service analytics. This cutting-edge solution will optimize Tet.lv 's operations and benefit its partners by streamlining processes and conserving resources. Read the full press release.

Cellbox Labs Wins Riga’s Entrepreneur of the Year Award

We are thrilled to announce that Cellbox Labs, a shining star in our portfolio, has been named Riga's Entrepreneur of the Year in the Biomedicine Sector! This prestigious award recognizes their groundbreaking work in developing innovative organ-on-a-chip technology, a significant advancement in the field of personalized medicine.

???? Join the Buildit Team at TechChill Riga 2024 ????

The countdown is on! TechChill , your one-stop shop for connecting with the global tech community, is just around the corner.? Don’t miss out on the opportunity to join the Buildit team and meet over 230 local and international investors, 310 groundbreaking startup founders, and 2300 attendees from across the globe.

?? Secure your TechChill pass:?https://techchill.co/passes/

?? TechChill is not just about the main stage! They have got a lineup of incredible side events, free and open to all, with or without a TechChill Pass unless indicated otherwise. Check out the side events to connect with passionate tech enthusiasts, expand your network, and dive into innovation!

?? Startup World Cup ??

The Startup World Cup is a fantastic opportunity for startups in Estonia, Latvia, and Lithuania to gain global recognition, win amazing prizes, and connect with top investors and mentors. The regional competition winner will go on to compete in the Global Grand Finale Semifinals and Final in San Francisco, USA, in October 2024 for a whopping 1M USD investment prize!

Joining is pretty easy:

1. The participants need to fill out the registration form and share their unique value proposition.

2. 10 startups will be selected to pitch at the Regional Finale on 30 May during the LOGIN conference in Vilnius at the Innovation Agency stage.

3. Winning startup heads to San Francisco, USA, to the world’s largest startup competition, organized by Pegasus Tech Ventures .

?? Today a Reader, Tomorrow a Leader ??

???That’s a wrap for now???

We look forward to keeping you posted on everything we do at Buildit VC , including our latest startup investments and ongoing acceleration programs, milestones of our portfolio companies and graduates, and other community news.

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