Helsinki-headquartered venture capital firm Inventure will keep supporting -early as possible- early-stage startups through its new €150 million fund. The firm has invested in more than 80 companies from seed stage to Series A in the Nordic and Baltic regions, being the first institutional investor in 87% of them. These companies ranges from deep tech companies like Blueprint Genetics and aiMotive to consumer internet brands like Insurello, Swappie, and Wolt.
With the new fund, the Finnish firm is targeting to hit a similar road like in walking with Wolt, which means they want to back the best founders in the very early stages and help them climb higher as soon as possible. The firm invests mostly in seed tickets around €1M to €3M, maxing out around €5M. Now, with this fourth fund of its, Inventure is planning to also help the early stage founders close angel rounds with tickets as low as €200K – €500K.
Inventure was founded in 2005 and since then its porfolio has reached two digits like 80 companies operating in the deep tech, virtual reality, machine learning, artificial intelligence, big data, SaaS, healthtech, edtech, foodtech, gaming, new materials, automotive, information technology, marketing tech, insurtech, telecommunications, cybersecurity based in Nordics and Baltics.
Inventure IV: a €150m fund to support the best founders in Nordic & Baltic early-stage
To support the best founders in the Nordics and Baltics, Inventure announces the second closing of Inventure IV, securing €144 million of a target €150 million fund. The strong institutional participation by limited partners including The European Investment Fund (EIF), Ilmarinen, Molten Ventures, OP, Finnish Industry Investment Tesi as well as Nordea Finland and Nordea Sweden, point to Inventure’s track record in backing category leaders including Wolt, Swappie, Blueprint Genetics, Canatu, Material Exchange, and Lassie.
“Just like Nordic and Baltic founders, European VC has matured as an asset class. We’re honored to bring in a very high level of institutional funding by supporting great entrepreneurs through good times and bad, helping them scale to the next level, and then coming home with consistent, stellar returns,” said Sami Lampinen, Partner at Inventure.
“Under the European Commission´s InvestEU programme, the EIF continues to support a leading pan-Nordic early stage investor with a solid track record and an experienced and stable team,” said EIF Chief Executive Alain Godard. “The Fund addresses the high and increasing market demand for early stage capital in the Nordic region and also represents a strong fit with EIF’s Climate Action and Environmental Sustainability objectives.”
Inventure is one of the most active early-stage investors in Europe. Since 2005 Inventure has backed 87% of its portfolio in its first institutional round of funding, including the unicorn Wolt, which was acquired last year by DoorDash. With over 80 portfolio companies, Inventure has created a deep network across B2B SaaS, fintech, deep tech, marketplaces, and consumer sectors.
The Inventure team supports its portfolio with a founder-first, no-nonsense approach, aiming to be the first trusted advisor that founders call on in tough situations. As a unique asset, Inventure offers a dedicated Talent & Expansion team to assist founders in making key hires and expanding internationally, two of the most critical milestones needed for growth.
“We’re not changing the formula; we’re here to continue to support entrepreneurs from Pre-Seed to B,” said Linus Dahg, Partner at Inventure. “Our message to Nordic and Baltic entrepreneurs is that we’re doubling down to be your best partner for the long haul.”
In the fourth fund, Inventure will invest in initial tickets between €200,000 to €5 million, with 60% of the fund dedicated to follow-on funding.