Change Ventures

We are a seed stage venture capital fund based in the Baltic states, backing ambitious Baltic founders anywhere in the world.

4.9
(28)
Recommend to another founder 100%

Independent rating of Change Ventures VC fund

Overall rating:
4.9
(28)
Recommend to another founder: 100%
Team quality
5.0
Professionalism
Personal qualities
Integrity
Respect and decency
Experience
Relevant expertise
Investment process
4.7
Approachability
Clarity of the process
Speed of the process
Responsiveness
Ease of the process
Due diligence
Value add
4.9
Supportiveness
Value add beyond financing
Board activity
Terms
Founder friendly
Help with follow-up rounds

About Change Ventures VC fund

Founded:
2016
Number of funds:
2
Number of investments:
28
Headquarters:
Organization type:
Micro VC

Portfolio - latest investments by Change Ventures VC fund

Founders' reviews of Change Ventures VC fund

Team quality
5.0
Professionalism
Personal qualities
Integrity
Respect and decency
Experience
Relevant expertise
Investment process
5.0
Approachability
Clarity of the process
Speed of the process
Responsiveness
Ease of the process
Due diligence
Value add
5.0
Supportiveness
Value add beyond financing
Board activity
Terms
Founder friendly
Help with follow-up rounds
Recommend to another founder 100%
Within 6 months by portfolio founder
Verified by BOUND
Provides way more value and support than expected.
Pros
Extremely supportive, great value add-ons in further funding processes, great network, and just amazing people. Feels like part of the team, does way more than expected. However, they focus purely on Baltic founders, so keep a note on that.
Cons
-
Advice for management
Keep it up<3
Team quality
5.0
Professionalism
Investment process
5.0
Approachability
Speed of the process
Responsiveness
Due diligence
Value add
4.8
Supportiveness
Value add beyond financing
Board activity
Terms
Older than a year by portfolio founder
Round: Seed
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Worth a Conversation, Worth your Trust
Change Ventures is one of the most active and supportive early stage investors in the region. Highly recommending to talk to them, also very good lead investor.
Team quality
5.0
Professionalism
Investment process
4.8
Approachability
Speed of the process
Responsiveness
Due diligence
Value add
4.8
Supportiveness
Value add beyond financing
Board activity
Terms
Older than a year by portfolio founder
Round: Pre-Seed
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Truly Lucky
We’ve not only received full support, but Change Ventures provided the right hands-on at the right time, even when unasked. Could not wish for better investors for the stage we’re in.
Team quality
5.0
Professionalism
Investment process
4.0
Approachability
Responsiveness
Value add
Not reviewed
Older than a year by non-portfolio founder
Round: Pre-Seed
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Engaging Engagement
Its been a great experience engaging with the investment team
Team quality
5.0
Professionalism
Investment process
4.2
Approachability
Speed of the process
Responsiveness
Due diligence
Value add
4.3
Supportiveness
Value add beyond financing
Terms
Older than a year by portfolio founder
Round: Seed
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Honest and Respectful
No bullshit approach. Easy to communicate with and nice, straight forward people. Do not hide what they don't like or what are the doubts. Very helpful feedback during the process. Great network and other investors respect the Change Venture team a lot.
Team quality
5.0
Professionalism
Investment process
5.0
Approachability
Responsiveness
Value add
Not reviewed
Older than a year by non-portfolio founder
Round: Seed
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Bring Your A Game
They do dive deep into your product and potential, which also means, that they are really scrupulous about every detail you provide them. It also means, that if you do not meet all their expectations or understanding of market and product potential, you probably will not raise money from them. Be very confident in every data you provide and be ready to prove them.
Team quality
Not reviewed
Investment process
5.0
Approachability
Responsiveness
Value add
Not reviewed
Older than a year by non-portfolio founder
Round: Pre-Seed
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Approached Me and Impressed Me
To begin with, this questionnaire should be improved. For example, I could choose either "raised capital from them" or "didn't" - but the real answer is we were not raising. It was just an introduction call after Change Ventures approached me. Change Ventures approach was very professional, on top of things, polite and respectful. In other words, they seem to be like a partner and not just an investor - this is very important for our team. Looking forward continuing a conversation with Change Ventures.
Team quality
Not reviewed
Investment process
4.5
Approachability
Responsiveness
Value add
Not reviewed
Older than a year by non-portfolio founder
Round: Pre-Seed
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Generating Greatness
Our talks and meeting with Andris were one of the highest quality and in-depth we had with a VC about our technology and value proposition. Got a great homework assigned :)
Team quality
Not reviewed
Investment process
4.5
Approachability
Responsiveness
Value add
Not reviewed
Older than a year by non-portfolio founder
Round: Pre-Seed
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Nothing to Lose
Definitely, the most experienced VC team in the Baltic region! Go ahead and talk to them.
Team quality
Not reviewed
Investment process
3.5
Approachability
Responsiveness
Value add
Not reviewed
Older than a year by non-portfolio founder
Round: Seed
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Okay
Cannot say much really, as the discussion did not go too far. We’ve seen worse & we’ve seen better.
Team quality
Not reviewed
Investment process
4.5
Approachability
Speed of the process
Responsiveness
Due diligence
Value add
5.0
Supportiveness
Value add beyond financing
Board activity
Terms
Older than a year by portfolio founder
Round: Seed
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Good Things to Spare
Change Ventures really focus on empowering the founders and are very hands off. I've recommended them to other founders many times.
Team quality
Not reviewed
Investment process
4.5
Approachability
Speed of the process
Responsiveness
Due diligence
Value add
5.0
Supportiveness
Value add beyond financing
Board activity
Terms
Older than a year by portfolio founder
Round: Seed
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Gearing Up
Andris has been very helpful sharing his experience in deciding different business situations and preparing for the next round.
Team quality
Not reviewed
Investment process
4.5
Approachability
Speed of the process
Responsiveness
Due diligence
Value add
4.8
Supportiveness
Value add beyond financing
Board activity
Terms
Older than a year by portfolio founder
Round: Seed
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Have You Met So and So?
Founder friendly, always available, ready to help in any way and form possible. Introduction machine!
Team quality
Not reviewed
Investment process
5.0
Approachability
Responsiveness
Value add
Not reviewed
Older than a year by non-portfolio founder
Round: Seed
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Good Talk
It was a good discussion during the video call.
Team quality
Not reviewed
Investment process
5.0
Approachability
Responsiveness
Value add
Not reviewed
Older than a year by non-portfolio founder
Round: Seed
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Outstanding Reputation
Change Ventures is the leading VC fund in the Baltics. Founders want to get in front of them and there is a good reason for that - they have experience and a good track record in their previous work. Additionally, what is very important is that the feedback from founders who have raised financing from them, have said that the help they provide after raising the round, has been significant in helping them move forward.
Team quality
Not reviewed
Investment process
5.0
Approachability
Responsiveness
Value add
Not reviewed
Older than a year by non-portfolio founder
Round: Seed
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Masters at Work
The guys understand what they are doing, super professionals and do not invest in projects that are at risk zone, even if there is potential
Team quality
Not reviewed
Investment process
5.0
Approachability
Responsiveness
Value add
Not reviewed
Older than a year by non-portfolio founder
Round: Seed
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Astronaut Andris
Andris is one of the smartest investors I know. I deeply respect his understanding of startups, relationships and venture capital. Top level investor.
Team quality
Not reviewed
Investment process
5.0
Approachability
Responsiveness
Value add
Not reviewed
Older than a year by non-portfolio founder
Round: Pre-Seed
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The World Needs More VCs like CV
I wish there would be more VC's like Change Venture. They are enthusiastic and highly professional people which is a very rare combination.
Team quality
Not reviewed
Investment process
5.0
Approachability
Responsiveness
Value add
Not reviewed
Older than a year by non-portfolio founder
Round: Pre-Seed
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Approachable
Our experience with Change Ventures is very positive. Their team is professional and experienced, and consider each founding team very carefully before making an investment decision. They are asking relevant questions about the product, market and business model that help the founders make necessary revisions and pivots. Among the 10+ VCs we have been in contact with, the Change Ventures team are the ones that really take a personal approach to your solution. Unfortunately we have not raised any capital from them, so we have no experience how is it to deal with them during and after fundraising.
Team quality
Not reviewed
Investment process
4.8
Approachability
Speed of the process
Responsiveness
Due diligence
Value add
5.0
Supportiveness
Value add beyond financing
Board activity
Terms
Older than a year by portfolio founder
Round: Pre-Seed
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Persistent
Change Ventures keeps adding value even years after the investment. Favorite board members. Favorite advisors. Extremely well connected and highly regarded by the VC industry. Would recommend to all founders.
Team quality
Not reviewed
Investment process
4.5
Approachability
Speed of the process
Responsiveness
Due diligence
Value add
4.8
Supportiveness
Value add beyond financing
Board activity
Terms
Older than a year by portfolio founder
Round: Seed
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In the Flesh
They are there for you
Team quality
Not reviewed
Investment process
5.0
Approachability
Responsiveness
Value add
Not reviewed
Older than a year by non-portfolio founder
Round: Seed
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Thanks
Honest feedback, professional and analytical.
Team quality
Not reviewed
Investment process
5.0
Approachability
Responsiveness
Value add
Not reviewed
Older than a year by non-portfolio founder
Round: Pre-Seed
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Prestige in Association
They proudly invest in true champions from our region, and that creates a champion aura around them - that of champions that apply the best approach to work with the best teams, aligned on the efforts to change the world despite being based away from large 'traditional' innovation hubs. Helpful also out of their investment scope - even though they don't fund companies from our field, they were open to advise who from their network would be interested to learn about us. Great experience.
Team quality
Not reviewed
Investment process
4.5
Approachability
Responsiveness
Value add
Not reviewed
Older than a year by non-portfolio founder
Round: Seed
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Own Private Idaho
US VC fund in the Baltics
Team quality
Not reviewed
Investment process
4.5
Approachability
Responsiveness
Value add
Not reviewed
Older than a year by non-portfolio founder
Round: Pre-Seed
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You Gave Us Confidence
The whole process was great because opposite to many other investors you managed to insert a lot of optimism and support to us, which is the most critical thing for a pre-seed stage start-up. You at least gave us a chance to convince you over. But on the other hand - you could have said no sooner not to keep the hopes up so long. If you were actually ready to take the leap in understanding the business better, you could have taken more time to learn about the fashion industry, other than just talking to us. Maybe you did, but only from long distance. We could have opened all doors for you to dig deeper. It doesn't need to be called due diligence yet. We saw that happen with another investor who came on a journey with us to learn about the industry and is now walking the path with us, even though their investment has been minimum. We just need more investors to participate in fashion. The offer stands - if you want to dig deeper, we are here to continue the discussion :)
Team quality
Not reviewed
Investment process
4.5
Approachability
Responsiveness
Value add
Not reviewed
Older than a year by non-portfolio founder
Round: Pre-Seed
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Insight Personified
Even though Change Ventures did not invest in us, the quick and honest feedback has helped us a lot to move forward and improve our startup further. We still keep in touch with the Partners of the firm on a regular basis and they are very approachable for feedback and when they can help out. So I always recommend reaching out to them, because from each meeting/conversation/call (if you're prepared abviously :)) you'll come out with some valuable insight or feedback.
Team quality
Not reviewed
Investment process
5.0
Approachability
Responsiveness
Value add
Not reviewed
Older than a year by non-portfolio founder
Round: Seed
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Don't Just Hear Him
Andris is the best one. Just listen carefully!
Team quality
Not reviewed
Investment process
5.0
Approachability
Speed of the process
Responsiveness
Due diligence
Value add
4.8
Supportiveness
Value add beyond financing
Board activity
Terms
Older than a year by portfolio founder
Round: Pre-Seed
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