Impact fund. Focuses on continental Nordics: Finland, Sweden, Norway, Denmark, with some emphasis also on Baltics. Prefers co-investing outside Sweden, but has also led rounds outside their home market.
Invests €0.5-1M on early stage companies. They exceptionally invest up to €2M initial tickets on later stage companies. Looking for a 5-10x return.
Evli Growth Partners invest throughout Europe. Their home markets are the New Nordics: Finland, Sweden, Norway, Denmark, Estonia, Latvia, Lithuania.
An insider view from their investment manager: https://medium.com/evli-growth-partners/vc-as-a-marketplace-and-other-learnings-from-the-first-year-in-vc-568dc2b1e7ad
Nordic Ninja is funded by large Japanese technology companies, but investment decisions are made locally. They have connections to large companies especially in Japan, having partnerships with global giants such as Panasonic, Omron and Honda.
They don’t invest in games, crypto or pharma. They’re widely interested in everything else, including but not limited to robotics, automation, health tech, AI and mobility.
They prefer to co-invest with a local investor, but can also lead or be the sole investor on a round. They’re often willing to serve on company boards.
Prefer companies with revenue but have invested in strong pre-revenue companies as well. Most investments have a valuation €5-25M and typical tickets are €400k or more.
Especially interested in B2B and B2C companies in Automotive, IoT, Health, SaaS and Fintech fields.
Vendep focuses on corporate software and has a preference for a SaaS business model. They require companies to have at least €100k/year recurring revenue from a big marketplace outside the Nordic countries.