# New Nordic Ventures

New Nordic Ventures is a Venture Capital based in Riga, Latvia.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Riga, Latvia
- **Region:** Europe
- **Address:** Riga, Latvia
- **Founded:** 2021
- **Assets under management:** Undisclosed
- **Website:** www.newnordic.vc
- **LinkedIn:** https://www.linkedin.com/company/new-nordic-ventures

## Regulatory record

- **Reports private funds:** No

## About

New Nordic Ventures is a Seed stage VC fund investing in B2B tech startups from CIS and CEE regions. It has made 11 investments, including an April 12, 2024, investment in Verifeye Online. The fund has one portfolio exit, Acure.io, which occurred on January 1, 2022.

## Sectors

- Enterprise Software
- AI/ML
- PropTech
- FinTech
- Mobility & Transportation
- Logistics & Supply Chain
- AgriTech & FoodTech
- Media & Entertainment

## People

- Dmitry Saikovsky — General Partner and Co-founder
- Kirill Jurzditsky — General Partner and Co-founder
- Alexandre Fedorovski — Advisor, Investment Committee Member, LP

## Questions

### Who runs investment decisions at 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.

### How does New Nordic Ventures source proprietary deal flow?

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.

### Does New Nordic Ventures participate in fund commitments or only direct deals?

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.

### What investment stages does New Nordic Ventures target?

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.

### What is New Nordic Ventures' known posture on co-investments alongside external GPs?

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.

## Related profiles

- [New Mountain Capital](https://altss.com/profile/new-mountain-capital)
- [New North Ventures](https://altss.com/profile/new-north-ventures)

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Last updated: 2026-06-03T20:00:00.000Z

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