A new startup fund of €71M created by node.vc presented to help grow startups in the Nordic countries

Swedish venture capitalist node.vc has raised €71M to invest in early-stage Nordic startups, dedicated to helping companies scale and eliminate obstacles.

Particularly, AI, games, fintech, and climate tech are trending in the Nordics today; Stockholm-based node.vc has now shut down its €71M fund that will focus on early-stage startups in these fields. This fund therefore seeks to promote death and dismantle inequalities and barriers for emerging managers.

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The team behind node.vc has professional backgrounds in startups and provides the founder-first approach. They are aimed at direct participation, addressing barriers for startups. This encompasses principles like advocacy, campaigning, branding, sourcing for investments, creating links, setting product strategies as well as the strategies for introducing the product into the market. The purpose of their efforts is to raise the chances of success among the startups they are investing in.

Investment Strategy:

node.vc’s fund is technology agnostic and opens its doors to innovative sectors. The first five to ten years cost an investment of several hundred thousand to 1 to 2 million € of equity per company. Originally, node.vc intended to create a roster of between 22 and 26 startups. To date, they have only invested in no-code startup Lemonade, data management platform Starhive, and creative play studio Roro.

Strong Backing from Investors:

Skepticism over funding amplified its perils, but node.vc secured funding from the foreign investor; Saminvest, a Swedish government-backed venture capital, and other institutional investors from the Nordic states. More than 70 current and former entrepreneurs also became investors for the fund with founders from Axis Communications and Yubici among them.

The firm is still hopeful of early-stage funding though. Those three elements keep the Nordic region competitive as markets centralize even globally and rely on collaborations. node.vc is ready to contribute to the success of new-generation startups in this environment.

Image Credit: node.vc