Dave McClure’s 500 Startups is raising a $15m fund focused on the Nordic region.
According to a filing with the SEC, the fund’s name is 500 Nordics, L.P. while funds have not been raised yet.
Led by by Sean Percival, the new vehicle will make early stage investments in tech startups in Sweden, Norway, Denmark, Finland and Iceland. According to a post, the firm plans to make 100+ investments over the next few years. Main areas of focus will be SaaS, Mobile, Marketplaces, E-commerce, Fintech and Music/Video.
500 Startups has already invested in startups from the Nordic regiona including Tagbeat, Filmgrail and Socius in Norway, Pacemaker, Brisk.io, Proleads and Vint in Sweden, EasySize and Iconfinder in Denmark, and YouApp in Finland.