Node.vc has raised $77.3 million, or €71 million, for a brand new fund that’s backed by 70 Nordic entrepreneurs.
This founder-first VC fund, (which is spelled node.vc by the corporate), relies in Stockholm and it has a “sector-agnostic” focus. Nonetheless, not less than considered one of its early investments is in a sport firm. The agency is led by veterans of main startups and scaleups (together with eye monitoring scaleup Tobii and Tobii Dynavox and online game pioneers Paradox Interactive).
The thought is to double down on constructing an ecosystem for entrepreneurs. The $77.3 million determine is the quantity the fund has closed thus far. I hope this implies there’s a signal of life within the enterprise capital funding local weather, as not too long ago buyers have been gunshy.
Cornerstone buyers within the new fund embody Stockholm-based Saminvest (a enterprise capital firm shaped by the Swedish authorities in 2016, dedicated to establishing new and sustainable ventures), in addition to a number of main Nordic institutional buyers, 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 ability of turning into a node for the Nordic startup ecosystem, making certain that the agency’s investor group is provided to assist determine, consider, and assist portfolio firms.
A founder-first method
Node.vc’s funding technique revolves round constructing a founder-first ecosystem, the place the agency leverages its intensive entrepreneurial community to determine, assist, and scale revolutionary tech firms. The agency’s sector-agnostic method is guided by the assumption that disruptive innovation can emerge from any trade.
So far, the agency has already made three investments in Sweden: Lemonado, a no-code platform for constructing software program and apps; Roro, a artistic play studio; and Starhive, a next-generation unified information administration platform for enterprises.
The agency’s thesis relies on the ability of collaboration, connecting profitable entrepreneurs with early-stage founders to speed up progress and improve the chance of success. As the worldwide panorama of labor, innovation, and entrepreneurship evolves quickly, Node.vc stands on the intersection of disruption and progress. The agency is dedicated to figuring out and backing firms 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, the corporate mentioned.
Node.vc managing accomplice John Elvesjö mentioned in a press release, “The Node.vc team started as founders and operators ourselves, we know what it takes to build and scale successful companies. That’s why we always put founders first; Node.vc is creating an ecosystem where entrepreneurs back entrepreneurs. Our approach is simple – when we invest in a company, we bring much more than capital.”
Elvesjö added, “Having been in the founders’ shoes ourselves, we know the challenges first-hand and deeply respect the journey. Our aim is to partner with founders, giving them the full weight of our experience, networks, and insights. With the incredible group of investors we’ve brought together, we’re certain we have built the largest entrepreneur-backed early-stage VC in the Nordics, all within one fund structure.”
Cornerstone investor Saminvest CEO Magnus Skåninger mentioned in a press release, “Node.vc has the team and vision to deploy capital across the ecosystem in such a way that drives a new wave of entrepreneur- backed success. They are well-positioned to execute on the best investment opportunities across the tech landscape.”
