Wellstreet Journal - 6/2023

Hello friends,

The fall is upon us, and in this edition of our newsletter, we invite you to get a deeper look at the work we do with the portfolio. You'll get a peek into what we mean by having a unique hands-on approach and being proactive. As usual, we'll also have some exciting portfolio news and a few reading recommendations.

This newsletter is a shorter version of our regular Wellstreet Journal. To read the complete version of this edition, go to our website. To receive the next newsletters, sign up here.

Let’s go!

Team Wellstreet

Wellstreet News.

??? In September, we hosted our largest Wellstreet Launchpad so far – a two-day event wholly dedicated to fast-forwarding our portfolio companies' sales and commercialisation strategies and processes. This year, we welcomed 22 companies who heard from 9 speakers and worked with 26 mentors. A big thank you to our network, who generously shared their time, wisdom and learnings from working at companies like Google, Meta, Ayden, iZettle, Fishbrain, and Norrsken. Read more about the Launchpad here.

??? In case you haven’t heard yet, Maria Lindholm is our latest addition to the team, joining as our Head of Partnerships. Do you think we could do something together to boost the Nordic startup community? Reach out to her!

??? Join us for a casual fintech afterwork gathering industry leaders on November 16! Our Fintech Fund is actively seeking new investment opportunities, and we're eager to reconnect with our fintech network while also meeting new faces. If you want to join, send an email to info [@] wellstreet.vc.

Portfolio Highlights.

Wellstreet Ventures News

Brink Commerce 's new partners are Lekmer, Alexandalexa and Melijoe. Breakit nominated Christian Zanders a SaaS Power Player. ??

DanAds won Breakit’s SaaS Rocket of the Year award! The company is also a finalist for ExchangeWire’s award as Best New Product or Service: Buy Side. ??

FlipNbid ’s new online marketplace is live! The community interested in fashion, collector items, high value / limited edition sneakers has a new home. ?

Hyber launched their new concept, Hyber RESCUED, with a pop-up store. The company was also featured in Impact Loop ???? . ??

Sisterly Tribe ’s Founder and CEO Kristin Hars was a guest in two podcasts: in the USA and Sweden. Their first pop-up store, in Gothenburg, was a huge success.

(See more news here)

Wellstreet Fintech News

Enable Banking has a new partnership with CRIF and Strands. The team has been to Business Espoo, Nordic Fintech Week 2023 and Nordic Banking Forum.

Future of Retail has signed SIX new partnerships! That must be why they were finalists for this year's “SAAS-Newcomer” award by Breakit! ??

? NEW ?

Waytobill is our latest addition to the portfolio! Waytobill provides seamless payment solutions for businesses with subscriptions as a business model, and it has already established a strong presence in the market.

(See more news here)

Food for thought.

? The newly released The State of AI Report analyses the most interesting developments in AI - by Nathan Benaich and the Air Street Capital team.

? A report from European Women in VC found that for every 10% increase in female representation at a senior level, a fund's internal rate of return (IRR) improved by 1.3% points.

? European investors are using SPVs more and more. Steph Bailey at Sifted created an “SPV 101” where you can see how it actually works.

? Check out this Google Cloud article on “Five generative AI use cases for the financial services industry” that our friend at Google Sweden, Joseph Michael , shared with his LinkedIn community.

Portfolio Opportunities.

? BallersApp: Chief Technology Officer

? Brink Commerce: Senior Software Engineer

? ICIW: Influencer Marketing Coordinator for the Finnish market

? YMR Track Club: Performance Marketing

Just one more thing! Are you looking for an office space for your company? Come sit with us at The Factory, in our coworking space, in a room of your own, or on your own floor! Contact our Head of Hubs Amanda Livh at amanda [@] wellstreet.vc to know more.

That’s all from us for now! Enjoy the falling leaves of the autumn!??

The Wellstreet Team