Innovestor, a Helsinki, Finland-based venture capital firm, held the first close of its new B2B Industrial Technology Fund, at €30M.
The fund is backed by institutional investors such as Mandatum Life, family offices, and high net worth individuals.
The vehicle, which will be capped at €100M, will focus exclusively on early-stage B2B industrial technology companies. It will offer pre-series A to series A investments in the Nordics and Baltics that focus on Industry 4.0 and sectors benefiting from the fourth industrial revolution such as smart cities, cyber and physical security, and digital energy. The fund will make its first investments as early as Q2 of 2020.
Led by CEO Tommi Äijälä, and Partner Myron Seto, and Venture Partner Pekka Viljakainen, Innovestor is an early-stage venture capital firm which offers direct co-investment syndication opportunities and builds growth programs. To date, the firm has a total of €123M across 3 funds and currently manages one of the largest private venture-backed portfolios in the Nordics, consisting of over 100 high-tech companies in multiple fields of technology such as cleantech, consumer, enterprise software, health, industrial technologies, and life science.
FinSMEs
02/03/2020