Inventure Fund IV closes its second round at nearly €150M

Helsinki and Stockholm-based Inventure Fund IV has closed its second round, raising nearly €144 million of a targeted €150 million. The fund will support Nordic and Baltic early-stage startups with a ticket size of up to €5 million, reports.

  • Founded in 2005, Inventure counts over 80 portfolio companies. The list includes household names such as Wolt, Swappie, Blueprint Genetics, Canatu, Material Exchange, and Lassie.
  • The fund will focus on B2B SaaS, fintech, deep tech, marketplaces, and consumer sector startups. The VC offers pre-seed to Series B ticket sizes between €200,000 to €5 million, with the sweet spot around €1 to €3 million

“Our message to Nordic and Baltic entrepreneurs is that we’re doubling down to be your best partner for the long haul,”

Linus Dahg, Partner at Inventure, comments.
  • Fund IV was backed by LPs including The European Investment Fund (EIF), Ilmarinen, Molten Ventures, and OP. Finnish Industry Investment Tesi, Nordea Finland, and Nordea Sweden also supported the round.
  • Recently, the firm invested in Estonian platform Jobbatical, supported Finnish startup Starcart, and backed Finnish platform ONEiO.

Inventure is also featured in our Top 15 most active Finnish VC funds in H1 2022 in the third position, here.