Finnish entrepreneurs launch Failup Ventures with €30M initial closing
Failup Ventures has announced the first €30 million closing of its new early-stage fund of €50 million. The fund aims to invest in US and Nordics based pre-seed and seed stage startups.
- Failup Ventures was established by Jesse Heikkilä, Oscar Andersin, and Topias Soininen, and invests in US and Nordics based pre-seed and seed stage startups in future of work, software infrastructure, dynamic marketplaces, future of consumption and commercial climate tech. Failup Ventures has already made three investments into early-stage teams from its fund.
- The venture capital firm has offices in Helsinki and New York. Its first investment typically ranges from $200,000 to $1 million, with the possibility of greater tickets later on.
“We are thrilled to launch Failup Ventures as the first-ever Finnish VC fund to have its core foothold in the US as well, Our global approach and grassroots networks enable us to identify truly promising early-stage teams and support them from the start. Many of our previous investments have received follow-on investments from renowned firms like A16Z, NFX, General Catalyst, and Tiger Global. This is a testimony to our understanding of truly brilliant teams and efforts in grassroots work.”Topias Soininen, co-founder and General Partner at Failup Ventures. said,
- Business Finland Venture Capital Oy acted as the anchor investor in Failup Ventures’ new fund. The fund’s target size has been set to €50 million.