Lifeline Ventures announced on Timo Ahopelto’s blog that their fund size has grown to €30 million, compared to €20 million that we reported on earlier.
The name of the fund is Lifeline Ventures Fund I and the lifespan of the fund is 10 years with the first 5 being dedicated towards new investments. So if you want their money, start talking now.
Compared to the previous report, the two new investors in the fund seem to be Finnish Industry Investment and Norvestia, however we have reached out to Lifeline Ventures for confirmation.
Riitta Jääskeläinen, Investment Director at Finnish Industry Investment Ltd mentioned:
“Lifeline Ventures has developed an interesting new model in venture capital. With their agile model and being entrepreneurs themselves, they are able to effectively work with next-generation founder teams.“
The blog also mentioned that in total the approximately 30 companies in their portfolio have raised more than €170 million.