sTARTUp Pitching Powered by EstBAN – the winners have been announced!

The fantastic and nerve-racking sTARTUp Pitching powered by EstBAN has reached the finish line! A record number of applicants – 330 startups from 51 countries – started the hunt for the amazing experience and awards. And now, the winners have been announced! VSight won the EstBAN-led syndicate of €250k and €75k investment from .Cocoon Ventures syndicate. Adact was awarded €75k investment from .Cocoon Ventures syndicate as well!
Initially, EstBAN was planning to put together two syndicates to invest up to €200k in each team. But as startup life is so unexpected, there is always room for pivoting. "The competition was so tough, and all TOP7 companies who were selected as potential target companies for investment are all actually very strong," explained Anu Oks, the CEO of Estonian Business Angels Network. "We decided to raise the game even higher and give out €500k instead!" Therefore EstBAN syndicate invests €250k to VSight from Lithuania, and the competition still goes on for the other half, which will be decided and announced in 2 weeks.

Considering the focus of the program, .Cocoon Ventures was looking for teams planning to raise A-round, but since the pitching teams were mostly ready for seed round, they decided to give out two smaller syndicates. “We gave €75k to Adact and €75k to VSight because we see great potential in them to go places and be super successful,” said Aleksander Tõnnisson, the Founding Partner of .Cocoon Ventures.

Lithuanian startup VSight is an Industrial Augmented Reality Platform enabling enterprises to make the workforce more connected. Remote field technicians and experts can connect and collaborate on maintenance, repair, operations via live video, audio powered by Augmented Reality.

Estonian startup Adact enables agencies to create online interactive marketing campaigns without writing a single line of code. Adact has several interactive mechanics that can be modified visually from a UI to fit the client's brand and messaging. The client can launch an interactive marketing campaign and collect leads in ~30 minutes with real-time analytics.

And now, let's celebrate all the award-winners:

Ϟ One investment of €250k from EstBAN-led syndicate

VSight (Lithuania)
VSight is an Industrial Augmented Reality Platform enabling enterprises to make the workforce more connected.

Ϟ Two €75k investments and yearly mentoring program from .Cocoon Ventures syndicate

VSight (Lithuania)
VSight is an Industrial Augmented Reality Platform enabling enterprises to make the workforce more connected.

Adact (Estonia)
Adact enables agencies to create online interactive marketing campaigns without writing a single line of code.

Ϟ €10k equity-free cash from Swedbank

Ringy (Estonia)
Ringy is a marketplace of refurbished electronics enabling customers to sell their electronic devices to refurbishing companies.

Ϟ €5k worth legal counseling by Sorainen

VSight (Lithuania)
VSight is an Industrial Augmented Reality Platform enabling enterprises to make the workforce more connected.

Machineric (Estonia)
Machineric is developing software for heavy machinery and truck traders to help them manage and sell machines.

Ringy (Estonia)
Ringy is a marketplace of refurbished electronics enabling customers to sell their electronic devices to refurbishing companies.

Ϟ $10k AWS service credits from Cloudvisor

iSpeak App (Lithuania)
iSpeak App is an interactive Tik Tok for language learning with short interactive videos.

Ϟ Mentoring sessions from Elisa

Kedeon (Latvia)
Kedeon provides verifiable real-time monitoring that helps to ensure the perfect quality of deliveries.

Ϟ €30k worth of prizes from Founderly

Sharewell (Estonia)
Sharewell is a customer experience testing platform, which helps to get feedback to validate your product in a short time.

Talbit (Finland)
Talbit offers sustainable and agile skill and talent development for SMEs.

Ϟ S2B workspace for 3 months

RAIKU (Estonia)
RAIKU develops a compostable, beautiful, and affordable alternative to plastic bubble wrap.

Ϟ Adventure sponsored by Civitta to their next export market

Münt (Estonia)
Münt is the first toothpaste tablets company in the Baltics, revolutionizing the way people brush their teeth.

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