New Nordic Ventures

Investment decisions are led by co-founders and general partners Dmitry Saikovsky and Kirill Jurzditsky, who operate a weekly remote investment committee. Alexandre Fedorovski, an advisor and LP, also sits on the committee. The firm states that term sheets are issued within one day of a positive committee decision.

The firm leverages its general partners' prior networks — Saikovsky's Overkill Ventures track record across CEE and Jurzditsky's Vilandes Ventures family office relationships — combined with an explicit focus on non-EU Eastern European founders in Ukraine, Georgia, Armenia, and Moldova. Its presence in Riga provides access to the Baltic and New Nordic startup ecosystems, where fewer seed-stage VCs operate with a pure enterprise software mandate.

New Nordic Ventures operates as a venture capital firm, but with structural ties to family office capital. Co-founder Kirill Jurzditsky previously ran Vilandes Ventures, a family office, and LP/advisor Alexandre Fedorovski sits on the advisory board of Bedrock Group, a EUR 10 billion+ multi-family office in Europe. This hybrid architecture combines seed-stage VC operations with family office discipline and LP relationships.

The firm conducts only direct seed-stage and follow-on investments in portfolio companies, according to its published materials. There is no indication of fund-of-fund commitments. For later rounds, it facilitates introductions to larger European venture funds and occasionally strategic investors, but does not appear to invest as an LP in those vehicles.

The firm targets late pre-seed and early seed-stage enterprise software startups, with initial checks of EUR 200,000 to EUR 300,000. Follow-on investments up to EUR 1.5 million are available for portfolio companies preparing for Series A rounds. It positions itself as a first institutional investor for founders across Eastern Europe.

The firm has not publicly disclosed the identity of all LPs. Publicly known backing includes Alexandre Fedorovski, an advisory board member at Bedrock Group, a European multi-family office managing over EUR 10 billion. Co-founder Kirill Jurzditsky's background includes a family office, Vilandes Ventures, suggesting some continuity of family office LP relationships.

The firm actively facilitates co-investments for follow-on rounds, preparing portfolio companies with commercial metrics and fundraising strategy before introducing them to top European later-stage VCs and, in some cases, strategic investors. For initial seed rounds, it invests as a lead or solo investor.