Inventure goes for round IV with €150 million fund

Helsinki/Stockholm-based Inventure has announced the second close of its fourth fund, nailing down €144 million of a targeted €150 million. The fresh iteration of Inventure’s formula will offer B2B SaaS, fintech, deep tech, marketplaces, and consumer sector startups pre-seed to Series B ticket sizes between €200,000 to €5 million, with 60% of the fund dedicated to follow-on funding.

“Our message to Nordic and Baltic entrepreneurs is that we’re doubling down to be your best partner for the long haul.” - Linus Dahg, Partner at Inventure.

IV was backed by LPs including The European Investment Fund (EIF), Ilmarinen, Molten Ventures, OP, Finnish Industry Investment Tesi, Nordea Finland, and Nordea Sweden.

Founded in 2005, early-stage investor Inventure counts some 80+ portfolio companies including household names such as Wolt, Swappie, Blueprint Genetics, Canatu, Material Exchange, and Lassie.

“Just like Nordic and Baltic founders, European VC has matured as an asset class. We’re honored to bring in a very high level of institutional funding by supporting great entrepreneurs through good times and bad, helping them scale to the next level, and then coming home with consistent, stellar returns,” concluded Sami Lampinen, Partner at Inventure.