Lithuanian Iron Wolf Capital and Angels Fund invest €1.3M in Speiz, a Norwegian proptech

Lithuanian funds Iron Wolf Capital and Angels Fund have invested in the Norwegian proptech startup Speiz during its €1.3 million seed round. German fund F-LOG Ventures, a VC specialised in logistics and logtech investments, led the round, reports.

  • Founded in 2020 by Paulius Kvedaras, Sondre Magnussen, and Vilius Luneckas, Speiz builds a proptech platform. It enables revenue generation and sales for companies through warehouse spaces leasing. The company wants to make the leasing process faster, cheaper, and end-to-end digital.
  • The Speiz platform lets the customer see the full interior surroundings of each warehouse property in a 3D virtual preview. It also offers an all-digital UX for signing new lease agreements. So that the customers won’t need to visit the warehouse in person.
  • German fund F-LOG Ventures led the funding. It is a subsidiary of FIEGE Logistik, a contract logistics supplier in Germany. The round also saw participation from Lithuanian funds Iron Wolf Capital and Angels Fun.
  • Iron Wolf Capital is an early stage VC fund based in Vilnius and London. It invests in teams with innovative ideas and global aspiration, like its recent investments in Litilit and Deepfin. Vilnius-based Business Angels Fund is an early-stage investment firm, managing two venture capital funds BAF 1 and BAF 2.
  • With the fresh funds, the startup secured more than 1 million directory listings already. The platform registered 400 potential tenants, so the startup is now aiming to expand its reach across Europe.