Wellstreet Journal - 5 / 2023

Hello friends,

This is a short version of our newsletter. In this edition, we'll share our insights in how to navigate dirty term sheets in this new landscape, some exciting portfolio news, and a couple of fall reading recommendations. To get the full picture, subscribe to receive our longer newsletter or go to our website!

Cheers,

Team Wellstreet

Wellstreet News.

??? ?Wellstreet was featured in Sifted’s list of VCs baking environmental, social and governance considerations into their investing in a formal way by registering their funds under Article 8 or 9 of the European SFDR regulation. We are very happy to be alongside fellow European VCs walking the walk for a better tomorrow ????

??? Our Managing Partner Evelina Anttila held an appreciated speech earlier this year on Breakit ’s Funding Day. The theme was how a founder properly should assess investment term sheets. With her experience as an investor, M&A lawyer and startup operator Evelina has seen many term sheets and decided to formalise her experiences and learnings in writing. You can now read her article "Navigating the risks of “dirty” term sheets" and join the conversation.

??? Fall means event season, and these are some of the upcoming events where you can find the Wellstreet team attending or taking the stage:

? ESG_VC: The Road Ahead - London, September 26

? Oslo Innovation Week - Oslo, September 25-29

? Nordic Fintech Week - Copenhagen, September 27-28

? Gothenburg Tech Week - Gothenburg, October 10-12

? Di Digital Female Founders - Stockholm, October 11

Portfolio Highlights.

Wellstreet Ventures News

Brink Commerce and its partner Turnr’s first venture is Bianca Ingrosso’s premium environmentally-friendly brand àVORA. The company also closed another great partnership - with Babyshop. ??

DanAds ’s 2022 was a success, and the highlight was the USA market, reports Breakit. ?

Sisterly Tribe dropped its beautiful new collection and got into people’s minds with this feature in Vogue. ??

Y/ELM+ Protection 's products are THE recommendation for safety from rider niche outlet H?stnet. The products were also featured in H?st Liv. ??

YMR Track Club dropped its trendy new collection and announced a remarkable collaboration with Samsung, highlighting some of the new Galaxy Watch6 important features for runners. ???

(See more news here)

Wellstreet Fintech News

FoR, Future of Retail will host a webinar with Setterwalls on Sep. 20, at 10:00, deep-diving into the challenges and opportunities of retail in these troubled times. Sign up!

Maintract announced Maintract Negotiate, a revolutionary solution for seamless real-time document collaboration. ??

(See more news here)

Food for thought.

? We all know the fast fashion industry is harming our environment, but what can the regulators and our society do to make the fashion industry more sustainable? We recommend everyone to read the article Can fast fashion kick its dirty habits? (Financial Times, Lauren Indvik and Alice Hancock) to deep dive on the complexities at hand leading the fast fashion industry to continue their rule.

? The distribution of venture capital to minorities and women is a global issue. The UK Treasure committee recently challenged the allocation of funding by UK VCs revealed by new disappointing diversity statistics, and are calling on the industry to improve the figures. Read more here: MPs challenge VC firms over record on female and minority-led firms (The Guardian, Joanna Partridge)

? Speaking of diversity issues, new studies have found that Swedish women started only half as many companies as men last year. Sweden stands out on a European level and is amongst the countries with the lowest percentage of female-run businesses in the EU. Learn more: Sweden stands out - few women run their own business (TT, Omni)

Portfolio Opportunities.

? Brink Commerce: Senior Software Engineer

? ICIW: Business Controller and Head of Product & Design

Just one more thing! Are you looking for an office space for your company? Come talk and sit with us at The Factory, either in our spatial office coworking or in a larger office only for your company on another floor. Contact our Head of Hubs Amanda Livh at [email protected] to know more.

That’s all from us for now! ?? Have a great start to the autumn!

The Wellstreet Team