Friday, November 22, 2024

Stockholm-based node.vc closes €71 million fund to drive a founder-first Nordic ecosystem

node.vc, a Nordic early-stage enterprise capital agency led by veterans of main startups and scaleups (together with eye monitoring scaleup Tobii and Tobii Dynavox and online game pioneers Paradox Interactive), has closed a €71 million fund, to double down on constructing an ecosystem for entrepreneurs.

Cornerstone traders within the new fund embody Stockholm-based Saminvest (a enterprise capital firm fashioned by the Swedish authorities in 2016, dedicated to establishing new and sustainable ventures), in addition to a number of main Nordic institutional traders, underscoring broad confidence in node.vc’ method to enterprise capital. node.vc has constructed an investor base that features greater than 70 entrepreneurs.

Notable backers of the brand new fund embody founders of Axis Communications, Yubico, Polarium, Cint, Evolution, PriceRunner, and Polar Construction. The Stockholm-headquartered VC agency’s funding philosophy is constructed on the facility of changing into a node for the Nordic startup ecosystem, making certain that the agency’s investor neighborhood is supplied to assist establish, consider, and help portfolio corporations.

node.vc Managing Accomplice John Elvesjö mentioned: “The node.vc crew began as founders and operators ourselves, we all know what it takes to construct and scale profitable corporations. That’s why we all the time put founders first; node.vc is creating an ecosystem the place entrepreneurs again entrepreneurs. Our method is easy – after we spend money on an organization, we deliver far more than capital. Having been within the founders’ footwear ourselves, we all know the challenges first-hand and deeply respect the journey. Our purpose is to companion with founders, giving them the complete weight of our expertise, networks, and insights. With the unimaginable group of traders we’ve introduced collectively, we’re sure now we have constructed the biggest entrepreneur-backed early-stage VC within the Nordics, all inside one fund construction.”

node.vc’s funding technique revolves round constructing a founder-first ecosystem, the place the agency leverages its in depth entrepreneurial community to establish, help, and scale revolutionary tech corporations. The agency’s sector-agnostic method is guided by the idea that disruptive innovation can emerge from any business. Up to now, the agency has already made three investments in Sweden: Lemonado, a no-code platform for constructing software program and apps; Roro, a inventive play studio; and Starhive, a next-generation unified knowledge administration platform for enterprises.

The agency’s thesis relies on the facility of collaboration, connecting profitable entrepreneurs with early-stage founders to speed up development and improve the likelihood of success. As the worldwide panorama of labor, innovation, and entrepreneurship evolves quickly, node.vc stands on the intersection of disruption and development. The agency is dedicated to figuring out and backing corporations main change throughout numerous industries, whether or not it’s reshaping digital work, driving the way forward for AI, or unlocking new frontiers in interactive leisure and enterprise know-how.

Cornerstone investor Saminvest CEO Magnus Skåninger added: “node.vc has the crew and imaginative and prescient to deploy capital throughout the ecosystem in such a manner that drives a brand new wave of entrepreneur-backed success. They’re well-positioned to execute on one of the best funding alternatives throughout the tech panorama.”


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