# Overkill Ventures

Overkill Ventures is a Venture Capital based in Riga, Latvia.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Riga, Latvia
- **Region:** Europe
- **Address:** Dzirnavu iela 105, Rīga, LV-1011, Latvia
- **Founded:** 2018
- **Assets under management:** Undisclosed
- **Website:** www.overkill.vc
- **LinkedIn:** https://www.linkedin.com/company/overkillventures

## Regulatory record

- **Reports private funds:** No

## About

Overkill Ventures is a Nordic-based angel fund. It backs pre-seed and seed stage startups across the Baltics, Nordics, CEE and CIS. The firm has invested in 38 pre-seed startups and has had multiple exits. It is currently not making new investments, only follow-ons.

## Sectors

- AI/ML
- Enterprise Software
- AgriTech & FoodTech
- Digital Health
- PropTech
- Media & Entertainment
- Real Estate

## People

- David Ventzel — General Partner
- Peter Marculans — General Partner
- Dmitry Saikovsky — General Partner

## Questions

### Is Overkill Ventures currently making new investments?

No. Overkill Ventures has stopped making new investments and is now focused solely on follow-on commitments to its existing portfolio companies. The firm directs prospective founders to two sibling funds run by the same general partners: Accelerace for pre-seed in the Nordics and Baltics, and New Nordic Ventures for seed-stage B2B software in the CIS and CEE.

### How do Accelerace and New Nordic Ventures relate to Overkill?

They are separate legal entities that share general partners with Overkill. David Ventzel is a partner at Accelerace, the Copenhagen-based pre-seed fund covering the Nordics and Baltics. Dmitry Saikovsky co-founded New Nordic Ventures, which targets seed-stage B2B software in the CIS and CEE. Peter Marculans operates across the Overkill network. Overkill itself no longer accepts new applications.

### What was the typical check size from Overkill?

Overkill's own pre-seed funding topped out at up to €220,000, deployed alongside tailored coaching to reach product-market fit. For current capital availability, Accelerace and New Nordic Ventures each have their own separate fund terms and size ranges.

### Where did Overkill Ventures invest geographically?

The firm described its territory as the Baltics, Nordics, CEE and CIS. Portfolio companies included Ukrainian and Latvian startups alongside teams from across Northern and Eastern Europe. The sibling funds now split this map: Accelerace handles the Nordics and Baltics, while New Nordic Ventures covers the CIS and CEE.

### What does Overkill's portfolio look like?

Overkill invested in 38 pre-seed startups across two funds. Fund I names include legal-drafting tool Axdraft, AR navigation for dementia patients Dorothy, a quantum drug-engineering platform, and AI-driven KYC software. Fund II concentrated on applied AI and deeptech: an AI radiology co-pilot, wireless charging technology, a computer-vision weeding robot, and a precision-farming platform. The firm reports multiple exits.

## Related profiles

- [Overall Capital Partners](https://altss.com/profile/overall-capital-partners)
- [Overlap Holdings](https://altss.com/profile/overlap-holdings)

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Last updated: 2026-08-11T15:07:41.444Z

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