SummerSaaS 2022 — summary of the event

June 14, 2022 12:00 am

For the third year in a row, Flashpoint organized SummerSaas, where venture capital firms and tech startups from Emerging Europe and Israel met in an online format and held pitch competitions and panel discussions on trending topics.

Over these 3 years we demonstrated impressive statistics:

  • c. 3000 attendees
  • hundreds top-tier VCs representing over $10bn+ of AuM,
  • 80 selected pitching SaaS companies from Emerging Europe and Israel

VC CONFERENCE PANELS

SummerSaaS grew from a pure pitching competition back in 2020 to the VC conference — simultaneously with the pitch sessions we had a series of panel discussions on key market topics:

1. SaaS Venture Capital Trends and Insights

Speakers: Ivan Draganov (Dealroom)

Video

2. Unbundling European and Israel angel investing

Moderator: Alex Konoplyasty (Flashpoint)

Panelists: Ran Tushia (Easy Payment Gateway), Jared Schrieber (Numerator), Bas Godska (Acrobator Ventures)

Deep dive into separating EU and Israeli tech angel investing ecosystem. What’s similar and what’s different in each ecosystem. Where do our super angels hunt and what does it can catch a unicorn?

Video

3. International Financial Institutions in European Tech

Moderator: Michael Szalontay (Flashpoint)

Panelists: Małgorzata Walczak (PFR Ventures),Bakhrom Ibragimov (EBRD Venture Capital), Bjorn Tremmerie (European Investment Fund), Dénes Jobbágy (Széchenyi Alapok)

Understanding the current market conditions in the private markets, as the public capital markets continue on a downward trajectory, especially in the tech sector, how does this affect valuations, new investments, and supporting emerging funds in the EU tech space going forward?

Video

4. Tech Cyprus: Exploring the Opportunities

Speakers: Christina Economou & Marilena Stylianou (Trident Trust)

Video

5. Emerging Europe tech winning the world market

Moderator: Donatella Callegaris (Flashpoint)

Panelists: Adam Kostyal (Nasdaq), Sander Van de Rijdt (PlanRadar), Mikayel Vardanyan (Picsart)

Discussion around how technology companies from Emerging Europe & Israel are rapidly shaping the tech ecosystem and creating more Unicorns than ever before.

Video

6. Why is Venture Debt under-represented in CEE

Moderator: Denis Mosolov (Flashpoint)

Panelists: Michael Schuster (Speedinvest), Rafał Celej (Kondracki Celej), Tomek Kasperski (Omnipack)

Why are we seeing less venture debt in CEE compared to the US or Western Europe? The challenges with providing venture debt to CEE incorporated companies and why CEE companies are more debt-averse than their western counterparts?

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7. Will ESG increase my value?

Speaker: Jan Dauman (Ocean14 Capital)

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8. How to ace a marketplace?

Moderator: Lukas Harustiak (Flashpoint)

Panelists: Stefan Batory (Booksy), Josh Crossick (Preply), Stas Matviyenko (Allset), Peter Bialo (DocPlanner)

Building a successful marketplace business is notoriously difficult. The panel is about the success stories of some of the best entrepreneurs on the market.

Video

9. Digitalisation of Venture Capital

Moderator: Marton Medveczky (Flashpoint)

Panelists: Harry Thomas (Beringea), Shamillah Bankiya (Dawn Capital), Anton Ask Åström (EQT Ventures), Dr. Andre Retterath (Earlybird Venture Capital)

VCs usually use tools that already existed in the 90s: email, Excel, and Powerpoint. But as companies and technologies become more advanced and complex, shouldn’t VCs adapt as well? Modern VC firms are buying into this notion and are becoming technology companies of their own, integrating different tools into complex workflows and building their internal solutions. We will discuss what challenges are hidden under the hood of this process, what are the demands of VCs and what direction we should move forward.

Video

10. Venture Scouting in Europe

Moderator: Dmitry Smirnov (Flashpoint)

Panelists: Dima Sarle (Earthians), Madeline Lawrence (Peak), Paul Zoicas (The Private Investment Group)

Venture scouting and angel programs have been on the rise with several prominent European VCs launching their programs in the last few years. Discussions about how these programs work across different markets and what are the ideal scouts profiles. How much money can you make as a scout and what are the compensation schemes options?

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PITCH COMPETITION

The competition selects the most promising startups and provides a rare opportunity to pitch in front of hundreds of leading Seed and Series A investors. SummerSaas 2022 pitch competition covered six tracks:

-Vertical Saas (construction, real-estate, logistics, etc.)

-Horizontal Saas (productivity, sales, HR, support)

-Developer Tools (R&D productivity, product analytics, DevOps)

-Fintech

-New Economy (Gig economy, Web3).

-Ukrainian Tech Startups

The jury consisted of the top decision-makers (Managing Partners and Partners) from the top investment funds, such as SpeedInvest, Nasdaq, Plan Radar, Acrobat Ventures, PRF Ventures, Numerator, Earlybird, Cherry Ventures, OTB, Viola Growth, Day One Ventures, Credo Ventures, Launchub, Early Game Ventures, Lighthouse, BrightCap Ventures, FilRouge Ventures, Venture Friends, Market One Capital, Inovo Ventures, Portfolion, 3VC, Vendep, and many more.

PRIZES
Participants received $10k in Amazon Web Services credits, a comprehensive Inbound Marketing Course ($5k) from Hubspot’s top professionals, and a complete recruiting solution from Comeet. Furthermore, the Grand Final Winner won an individual coach session with the Flashpoint Investment Team, which will assist with positioning, pitching, and introductions to key VCs, as well as 2 tickets to Web Summit from Chili Piper.

Special appreciation to Sprinto and Trident Trust for supporting SummerSaas this year.

WINNERS
We received over 100 pitch decks, which our team of investors analyzed and chose the top 30 startups to pitch to the Partners from the leading pan-European and regional Venture Capital firms. Natalie Refuah (Viola Growth), Rexhi Dollaku (Base 10), Enis Hulli (500 Startups), as well as our Managing Partner Alexander Konoplyasty and Partner Anton Fedorov, were among the members of the jury this year to choose the season’s brightest startup.

Meet GorillaLink, the brightest SummerSaas 2022 startup from Tel-Aviv, Israel. GorillaLink is a Nadav Nachshon-founded startup that develops the next generation of IoT connectivity. They develop the next generation of edge2cloud solutions via satellites and extreme-NB communication technologies.

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Judging panels and individual track winners:

VERTICAL SAAS:

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Inventure — Ekaterina Gianelli , Partner

Portfolion — András Molnár ,CEO

LaunchHub — Todor Breshkov, Managing Partner

Credo — Ondrej Bartos, Managing Partner

Superhero Capital, Juha Ruohonen, Managing Partner

ClickClick Drive is the leading marketplace for driving schools in Europe. They create seamless access to mobility, including management software for driving schools, and a theory app for future drivers.

HORIZONTAL SAAS

Brightcap ventures — Elina Halatcheva, Managing Partner

FilRouge — Julien Coustaury, Managing Partner

Speedinvest — Michael Schuster, Partner

GR Capital — Max Filipov, General Partner

PitchMe creates a unique talent marketplace in the Recruitment landscape. It empowers candidates to demonstrate their real abilities and knowledge allowing anyone with the relevant skillset to apply for a position regardless of their professional background.

Video

DEVELOPER TOOLS

EarlyGame — Dan Calugareanu, Partner

Inovo — Maciej Małysz, Partner

Presto — Premysl Rubes, Managing Partner

Dell Capital — Omri Green, Partner

Flyer One Ventures — Vitaly Laptenok, General Partner

Flatlogic Platform is an easy way to create and host full-stack web apps. The second winner of the Developer Tools track is Monosnap- a screenshot tool for Mac and PC, it takes screenshots, records videos, and uploads files directly to the cloud.

Video

FINTECH

Market One Capital — Marcin Kurek, Managing Partner

Venture Friends — Apostolos Apostolakis, Founding Partner

Oktogon VC — Gyula Feher, Managing Partner

OTB — Karol Szubstarski, Investment Director

UNIQA Ventures — Andreas Nemeth, Managing Partner

BaiaNet is the first crowd-sourced collaborative commerce platform designed exclusively for emerging markets and informal economies. BaiaNet removes barriers of entry with simple messaging and transaction tools that work on any connected device.

Video.

NEW ECONOMY

3VC — Eva Arh, Partner

DayOne — Zsolt Weiszbart, Partner

Lighthouse — Michal Zalesak, Partner

Cherry Ventures — Filip Dames, Founding Partner

GorillaLink is a plug-and-play PaaS solution that seamlessly enables the connectivity of smart devices across multiple satellite networks providing 100% global coverage.

Video.

TECH STARTUPS OPERATING IN UKRAINE

Next Road Ventures — Ewa Chronowska, Partner

Vendep — Sami Ahvenniemi, General Partner

SMOK VC — Borys Musielak, Managing Partner

Black Pearls VC — Wojciech Drewczyński, Partner

Getpin is an expert in local marketing for small and large businesses, it provides universal tool to manage your business’s online presence regardless of the number of outlets.

Video.

We are thankful to our sponsors

Trident Trust
Sprinto
Chili Piper
Amazon Web Services (AWS)
Comeet
HubSpot

Thank you to everyone who took part in SummerSaaS 2022 and we would love to see you next year!

Kind regards,
Flashpoint Team

P.S. If you are a tech entrepreneur who missed out on SummerSaaS but would still like to pitch to Flashpoint, please visit flashpointvc.com/contact to get in touch with us.