is a new early-stage VC out of Helsinki co-founded by a Chair of Slush

A new early-stage VC account targeting tech startups in a Nordics is removing a central launch today. Founded by sequence businessman and Slush Chairman Ilkka Kivimäki​, and former F-Secure and startup executive Pirkka Palomäki​, Helsinki-based will deposit in nascent and burgeoning companies in a region, both during seed and Series A stage.

The VC organisation is formulation to make 10 investments during a initial operational year, carrying already corroborated healthtech firms Disior​ and Neuro Event Labs​, VR/AR studio Fake and recruiting startup Sumpli​.

Specifically, it’s on a surveillance for what it describes as superb teams who are formulating new markets or “radically” reshaping existent ones, regulating technologies such as AI, appurtenance learning, new user experiences, new materials and processes. In other words, personification to some of a chronological strengths of a Nordic tech scene.

I’m told that investment amounts during seed will operation from €200,000 to €750,000, and from 750,000 to 5 million during Series A. In some instances, a VC organisation says it will do Series B rounds, too.

In further to Kivimäki and Palomäki, who are really active with Helsinki and a Nordics generally, a account — that is targeting a final shutting of $90 million though already has a initial shutting of $50 million — depends some decent LPs.

They embody Risto Siilasmaa​ (Chairman of Nokia), Niklas Zennström​ (via Atomico), Ilkka
Paananen and Mikko Kodisoja (co-founders of Supercell), Mistletoe Venture Partners International, OP,​ and Ilmarinen​.

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Posted by on Mar 14 2018. Filed under Europe. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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