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SeedBlink and IMPETUS Capital partner in the Karman Line startup competition
Supporting innovation in Spacetech, Mobilitytech, and RetailTech
Bucharest, December 13: SeedBlink, the European investment and equity management platform, is partnering with IMPETUS Capital in the Karman Line program, an initiative aimed at supporting innovation in space technology, mobility, and commerce. With 900,000 euros in total funding available for the program, IMPETUS will invest €300,000 in three startups, each receiving 300,000 euros for a 10% equity stake.
SeedBlink is joining the Karman Line to enhance the value offered to participating startups. The program’s winners will get a 30% discount in fees for fundraising campaigns of up to €100,000 on the investment platform. The finalists will also benefit from reduced fees when onboarding Nimity – SeedBlink’s solution for equity management, while SeedBlink will also provide them with targeted training on financing readiness with a focus on cap table, ESOP, and clean documents management.
In 2022, SeedBlink cooperated with Microsoft for Startups and Agricover in organizing Nextcelerator, a program for Agritech startups from the CEE region. The program provided the 10 finalists with training, business planning, mentoring, and learning, and an introduction to the ins and outs of agriculture.
Joining forces to add value beyond equity funding
The Karman Line program is designed to add value beyond equity funding, involving several stages including online sessions and a live event in Sofia in March 2024. The program aims to cover topics relevant to early-stage financing and strategies of global companies, tailored to the specific needs of startups in the focus sectors.
Eligibility for the program extends to companies with validated business ideas and realized sales, based in Bulgaria, Romania, or Greece, or with founders from these regions. Additionally, applicants should be registered for less than 7 years and have a clear strategy for expansion into European and/or U.S. markets.
"The program Karman Line by IMPETUS is inspired by the boundary 100 km above sea level with the same name, where Earth meets space. We are looking for startups and innovators who, as astronauts crossing that line, are on the precipice of groundbreaking change and have the ambition to transform the industry and the world as we know it. Karman Line supports innovation in the movement of people, goods, and services. Our mission at IMPETUS Capital is to help them overcome limitations and realize all their potential, becoming market leaders," says Viktor Manev, co-founder and managing partner of IMPETUS Capital.
Impetus has a proven track record in finding and investing in successful companies such as the Frankfurt Stock Exchange double-listed Shelly Group (formerly Allterco, ticker SLYG), a home-automation producer of smart home IoT solutions, Discordia, the largest transport and logistics company in Bulgaria, Transmetrics, an innovator in AI and big data analytics for logistics planning, trusted by DHL, DB Schenker, Kuehne+Nagel and other industry leaders, and the US-based Storied Data, a platform for unified interactive documents, data publishing, and intelligent information distribution. This experience in scaling startups positions the fund as a significant influencer in shaping the future of the next disruptive innovators, willing to transform the mobility, commerce and space sectors.
“I am genuinely excited to partner with IMPETUS Capital for the Karman Line startup competition. IMPETUS has established itself as a trustworthy and respected collaborator, aligning perfectly with our ethos at SeedBlink. The name and story behind Karman Line resonate with us deeply, reflecting a shared passion for innovation and progress. This partnership presents an exciting opportunity to foster new talents and ideas in the tech arena, much like our previous successful engagement with the How to Web Spotlight competition. Can’t wait to engage with the startups and founders that this competition will unveil." Angel Hadjiev, Country Manager for Bulgaria & Greece, SeedBlink.”
Applications for the Karman Line program is open until January 15, 2024, inviting startups to seize this unique opportunity for growth and development in three of the most dynamic and interconnected sectors.
On January 22, 2024, IMPETUS Capital will request select applicants to create a short video and answer additional questions. In February, the jury will engage in intensive online sessions with these finalists. The process culminates in March at a pitch event in Sofia, Bulgaria, where the three winners will be chosen.
Read more about the program & apply until January 15 here: https://funding.impetus.capital/
PublishedDecember 13, 2023
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Tudor Goicea
Co-founder of Aqurate
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As a startup founder, I am happy to witness SeedBlink’s dedication to expanding their support for early-stage companies beyond funding, towards a healthy equity management via Nimity. A solution to help better navigate relations with stakeholders, employees and future investors is needed in Europe. Less admin work and bringing transparency to the cap table are immediate benefits I was able to test.
Delia Iliasa
Managing Partner
SanoPass
SeedBlink is a transparent solution that connects entrepreneurs with great business plans, with investors, at different stages in their development. It is a great tool for us, a democratization of access to funding, I would say.
Ioan Iacob
Founder
FLOWX.AI
We really loved the SeedBlink journey. We reached our fundraising goal within hours of launching. About 100 investors joined our vision and invested almost $2 million in FLOWX.AI through the Private Deal Room. At the same time, working with SeedBlink to prepare for the funding round was an excellent exercise for our entire team, and we received and felt the support from the SeedBlink team members who took on an advisory role.
Dan Vidrașcu
CEO
VOXA
SeedBlink made the (investment) process run smoothly. We appreciate all the support SeedBlink's professional team has provided.
Tinu Bosinceanu
Founder and CEO
Upgrade Education
It's important to look for and choose a platform that you resonate with, that shares your mission with, a platform & its people with which you feel you can have good working relationships. we got an excellent relationship going forward; we talked a lot and we were in touch on a lot of matters and I think this was important. Having people who believe in your idea is of great help.
Kimmo Rytkönen
Founder and CEO
Income
Running the financing round was like any other fundraising; we had to be active in our community as well as in SeedBlink's investor community. After the launch, everything happened very quickly, and SeedBlink organized several pitch events for investors, which we found very useful for the round momentum.
Svilen Rangelov
Founder and CEO
Dronamics
We immediately clicked with the SeedBlink team as their fundraising expertise was immediately obvious and their no-nonsense approach really appealed to us. After all, fundraising is only a means to an end, and we liked how the SeedBlink team was really focusing on supporting us and on getting things done.
Mihai Darzan
Founder
Procesio
Our main expectation has been to raise the amount we were aiming for, and both rounds launched on Seedblink exceeded our targets, so we’re very happy with that! Even though the launched funding campaigns have been purely crowdfunding rounds, we are thrilled to actually receive extra support from some of the investors, who have chosen to get involved and help us generate product awareness, whenever they can.
Catalin Mester
Founder
Voxa
I am recommending SeedBlink without hesitation, to every founder that raises capital, especially early-stage tech startups. SeedBlink is a crowd investment platform that will also provide their startup with visibility, for Angels and VCs.
Dragoș Iliescu
Founder and CEO
Brio
In the early stages, we have been funded by several early (angel) investors, and one and a half year ago through an equity crowdfunding campaign on SeedBlink. Of course, this impacted our growth in many positive ways, partly due to the cash influx that, evidently, was sorely needed, but in a larger part due to the fact that our responsibility towards our shareholders has become more stringent and explicit, becoming embodied in our market approach.
Costin Tudor
Co-founder and CEO
Undelucram
Given the accelerated growth we observed at the end of last year and the beginning of 2021, we want a new capitalization, quickly. This is a bridge round that we will use for one year, and the advantages that SeedBlink offers are the speed at which we were able to list for financing and the experience that we gain as a result of this public listing, similar to a listing on the stock exchange.
Diwaker Singh
Co-Founder & CEO
Crikle
As a platform that only serves technology ventures, SeedBlink can connect the start-up with more than just money. SeedBlink investors are primarily technocrats who understand the objectives of the fundraising company and are also able to post-funding contribute with business opportunities. The minimum investment threshold, and technology focus, differentiates SeedBlink from other fundraising platforms. A perfect fit for a technology start-up seeking intelligent funding.
Florin Stoian
Co-Founder & CEO
Milluu
SeedBlink boosted our brand exposure and facilitated the financial support we were seeking. Having a campaign on the platform allowed us not only to meet a team of professionals - that guided and helped us prepare the necessary materials - but also opened doors for increasing our brand awareness and have discussions with VCs & angel investors we have never reached before. This campaign gave us the encouragement we needed to push the product further, while the record-breaking fundraising (only 2 hours from the launch of the campaign!) was a great confirmation that our product is needed in this market and that we should continue innovating.
Raluca Jianu
CEO & Co-founder
Epic Visits
SeedBlink has created a vital ecosystem for startups at the beginning of their journey by equipping entrepreneurs with expertise, encouraging honest and sometimes uncomfortable but necessary discussions about risks and vulnerabilities through a suite of tools, and facilitating connections with investors who share the founders' vision and can contribute to their success. I have greatly appreciated the constant support of Eric and the entire team at all stages of the campaign. Thank you so much!
SeedBlink S.A. is registered in the Register of the Romanian Financial Supervisory Authority (ASF), under number PJR28FSFPR/400001, as of 03.11.2022 with an EU passport as per European Securities and Market Authority (ESMA) register of crowdfunding services providers.
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