Artesian VC
Artesian VC is an alternative investment management company that specializes in early-stage venture capital, particularly in the clean energy sector. Established in 2004 after spinning out from ANZ Banking Group, the company has evolved to manage a range of specialized funds, with a focus on seed and follow-on investments in startups sourced from approved accelerators, incubators, and academic programs. Artesian's investment strategy emphasizes partnerships with leading organizations in the startup ecosystem, enabling it to identify and support high-potential ventures. With offices in Sydney, Melbourne, Shanghai, New York, London, and Singapore, the company has built a global presence and has successfully raised over AUD 255 million for its various funds. Additionally, Artesian has expanded its reach through initiatives like its China VC Fund and plans for a Southeast Asia VC Fund, underscoring its commitment to fostering innovation in diverse markets.
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Past deals in Latvia
AirBoard
Venture Round in 2022
AirBoard LLC, founded in 2015 and headquartered in Liepaja, Latvia, is focused on revolutionizing the agricultural technology sector through the development of advanced drones. The company is creating a powerful AgTech drone weighing 220 pounds, targeting the automated aerial pesticide spraying market, valued at $25.5 billion. AirBoard's team includes leading experts in drone racing, electric vehicle technology, and agriculture, who have collaboratively engineered a solution that reduces pesticide usage by 70%. The company has established agreements with clients to replace traditional helicopter spraying methods and is currently conducting pilot tests in vineyards across Europe.
Lastbit
Seed Round in 2019
Lastbit SIA, founded in 2018 and based in Riga, Latvia, operates in the cryptocurrency sector by providing bitcoin wallet and debit card services. The company is developing a global payment network that utilizes the Bitcoin Lightning Network, allowing users to make instant payments with low fees. Its minimum viable product in Europe includes mobile applications that offer debit cards and IBANs, facilitating transactions in both Bitcoin and Euros. Additionally, Lastbit offers Lastbit Go, which enables users to make daily purchases using cryptocurrency.
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