ÄIO triumphs at Latitude59 securing 150k from EstBAN and Tera VC

Latitude59, a prominent European startup and technology conference, recently witnessed an extraordinary triumph as ÄIO once again emerged victorious in the highly competitive pitching contest. Almost 400 startups from 61 countries applied for Latitude59’s this year. ÄIO secured €150k to keep pushing forward bringing tasty, healthy and reliable oil alternatives to the market.

In the pitching competition of Latitude59, Estonia’s prominent startup and technology conference, the prize pool was divided among three exceptional startups. Flowstep secured the highest investment of 600,000 euros, while Cino received 500,000 euros, and ÄIO was awarded 150,000 euros. This impressive investment sum of 1.25 million euros, issued by Tera Ventures and Estonian Business Angels Network EstBAN, represents the largest investment of its kind in the Nordic countries and the Baltics.

ÄIO at Latitude59 stage. Photo by Accelerate Estonia.

Besides the prize pool, put together by the investors, many of Latitude59’s partners & community members also stepped up with a prize or a perk:

Triniti: €2000 of legal help – ÄIO
Stebby €1000 health package – ÄIO
New Nordic Pitch Competition Baltic finalist – Flowstep
Google: €2000 of credit – all the finalists (ÄIO, Cino, Flowstep, Moliri Space Energy, Mifundo, Praktikal)
Hedman Partners – €2500 worth of legal advice to ÄIO, Cino, Flowstep
Infobip – €20,000 “Walk the Talk” worth of credits – Cino

We congratulate all fellow winners and contestants! We express our sincere gratitude for the esteemed recognition and generous support extended to us through the engaging prizes awarded at the Latitude59 pitching competition. Latitude59 has played a pivotal role in fostering innovation and propelling entrepreneurial ventures to new heights.

äio products
ÄIO’s future-shaping fats and oils. Photo by Blanket Fort.

As ÄIO continues to push the boundaries of technology and sustainability, our achievements stand as a testament to the remarkable impact that foodtech startups can have on shaping a better and more sustainable future for the food and oleochemical industry.

We have to be bold to make a change. Luckily, we have the ambition. Thank you, Latitude59! It was an amazing week.

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