Baltic Business Angels
Lorentzendamm 24, Kiel, Schleswig-Holstein, 24103, Germany
Overview
Baltic Business Angels unite private investors who have made it their business to develop young innovative companies.
- Total investments
- 3
- Lead investments
- 0
- Investments · 12mo
- 1
- Active investors
- 0
Investment portfolio
- VNYX
Participated · Equity · May 2026
Founded in 2025 and based in Amsterdam, VNYX combines software, AI and proprietary hardware to automate complex resale workflows for returns, overstock and second-hand garments. Its current VNYX10 system processes about 10,000 items annually for partners including BOAS and Bever and has generated immediate commercial revenue. The company says it has reduced processing times from 19 minutes to 3 minutes per item and is targeting a “1-minute promise” by the end of the year. VNYX is developing a next-generation VNYX100 (100,000 items annually) scheduled for delivery to BOAS in June 2026 and is planning the VNYX1000 platform to exceed 1 million items annually. The business combines soon-to-be-patented hardware with AI-driven software and is positioning itself to help brands comply with European EPR rules and bans on destruction of goods while scaling resale operations. Having entered a post-revenue phase, VNYX has secured over €1M in strategic investments and government grants to fund R&D, product development and commercial scaling.
- CENOS
Participated · Seed · Feb 2022
CENOS is a Riga-headquartered simulation and modelling platform founded in 2017 by three PhDs in physics and mathematics that aims to democratise access to engineering simulation software. The company delivers vertical-focused applications that package open-source engineering algorithms into usable interfaces, and it has already brought two simulation products to market. CENOS plans to develop and launch two further applications in 2022 and to introduce a community platform and open-source app-building in early 2023. The platform is positioned to make simulation software easy, affordable and secure for engineers and targets leadership in the Computer Aided Engineering market. The company currently has about 130 community users (academic and hobbyist) who access the software free for non-commercial use and seed its open-source contributor base.
- OQmented
Participated · Seed · Nov 2021
OQmented develops ultra-compact MEMS-based light engines using laser beam scanning to enable wearable augmented and mixed reality glasses for tech companies and eyeglass manufacturers. Its laser beam scanning approach aims to deliver lower power consumption, smaller size, higher brightness and contrast, and improved display performance. The company has a team of around 80 people and operates five offices globally. OQmented was founded in 2018 by Thomas von Wantoch and Dr. Ulrich Hofmann and is based in Itzehoe, Germany. The startup plans to use the new funding to hire several key employees and strengthen its business development team to access the US and Asian markets. The article reports a $20M Series A financing as the company's current funding event. OQmented develops and sells high-performance MEMS mirrors for ultra-compact LBS displays and best-in-class 3D sensing solutions. Its one-chip projection display leverages a Lissajous scan pattern, patented Bubble MEMS® vacuum packaging, and proprietary electronics and software. The company aims to commercialize its MEMS mirror-based LBS technology for AR/VR smart glasses to enable powerful visualization in a lightweight frame. OQmented plans to use new funding to expand its Itzehoe location, accelerate R&D, and foster and establish partnerships to fast-track market penetration. The product is positioned to enable applications such as 3D cameras, LiDAR, and machine vision and to help bring AR/VR technologies into the mainstream. Financially, the company extended its seed round with an additional USD 9.3M and has raised nearly USD 20M since its 2018 spin-out from the Fraunhofer Institute.
Team
No current team members are available.