Peter Marculans is a Riga-based venture capital investor at Overkill Ventures who specializes in pre-seed and seed B2B technology startups, positioning himself as a gateway between Baltic/Nordic founders and broader European capital while investing at unusually small check sizes of $40K-$250K before companies show traction. He brings deep pattern recognition from hands-on work with over 1,000 founders through building Startup Next into a 40-program-per-year pre-accelerator and helping architect Techstars Anywhere, combined with his development of structured investment frameworks like the Beta and Alpha model for assessing startup growth potential.
What they've been talking about across their social media accounts

- Strong emphasis on the Central and Eastern European startup landscape, frequently highlighting regional wins like the ecosystem overtaking London or new funds launching to support Baltic founders.
- Deep interest in the intersection of accelerators and alternative funding models, specifically following the evolution of Startup Wise Guys and their use of platforms like Funderbeam to make accelerator investing tradeable and public.
- Focus on the internal mechanics and operational efficiency of venture capital firms, sharing insights on how funds act as products, the use of AI and machine learning for deal sourcing, and the rise of quantitative investing strategies.
- Attention to the specific metrics and criteria investors use to evaluate opportunities, often pointing founders toward resources that explain why an idea might not be big enough for VC or the math behind generating a 10x return.
About their Fund
Sectors
SaaS, AI, Enterprise, Health, Deeptech / Hardware
Rounds
Pre-Seed - Seed
Avg Check Size
$40K - $250K
Notable Investments
Overkill Ventures operates as a government-backed accelerator fund that requires international startups to register in Latvia to receive investment, effectively importing global talent into the Baltic ecosystem while focusing specifically on work environment and business efficiency software rather than broad B2B sectors. The fund evolved into a network of sister funds across the Baltics, Nordics, and CEE/CIS regions, creating staged capital pathways for founders from pre-seed through seed while positioning Riga as a gateway for Western European and US founders looking to access Eastern European markets.
Other partners at the fund
Notable Fund
Investments
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