Early stage companies and entrepreneurs should celebrate, just as the whole startup ecosystem in the Nordics and Baltics – Conor Venture Partners has closed a very nice amount of investments for its early stage technology fund, Conor Technology Fund II. The new fund will invest in technology centric early stage companies from the Nordics and Baltics.
The investors in the fund include European Investment Fund, Finnish Industry Investment, Etera Mutual Pension Insurance Company, Veritas Pension Insurance Company, Atine Investment Partners and FoF Growth (managed by Finnish Industry Investment) as well as other major Finnish investors.
“We are very proud to announce our second fund at a size well above its original first closing target,” said Mr. Jari Mieskonen, Managing Partner at Conor Venture Parters. He went on to say, “The technology focus of the new fund remains unchanged, while its geographic reach will be slightly wider”.
Conor Venture Partners now manages some 70 million euros and invests in disruptive technologies in ICT, embedded systems, electronics, new materials and optics. Their portfolio includes companies such as Aito Technologies, Neo Technology, Imbera Electronics and Supponor Systems.