French-born Pan-European venture capital firm Ventech is embedding itself firmly into the Nordics by opening a Stockholm office. Already with an office in Helsinki, the firm has enjoyed the fruits of its labour in the Nordics with a successful exit with Swedish fintech Capcito, which was acquired by Fortnox in 2021.
The firm also welcomes Joel Uddén as Principal. Uddén brings with him his experience as an entrepreneur, he founded SafeSend, acquired by J2 Global, and FuildSurveys Sweden, acquired by a private investor. His investment CV reads Norwegian Sovereign Wealth Fund, Handelsbanken Ventures, and Subvenio Invest.
“With its multicultural team, Ventech has gained extensive experience from its 25 years of history in assisting companies in every step of their international expansion, a crucial aspect for the growth of Swedish startups," says Joel Uddén. "I am excited to bring this expertise to Swedish companies seeking to expand their geographical presence. With Ventech's focus on pan-European early-stage tech investments, we are committed to supporting and empowering the most ambitious teams to succeed."
"It's at the core of Ventech's belief that having a local presence with a local team is paramount for both the investment and the long-term value creation for our entrepreneurs," adds Tero Mennander, Partner at Ventech based in Helsinki.
Lead image: Tero Mennander and Joel Udden, Ventech VC. Photo: Uncredited.