Helsinki-based venture capital firm Maki.vc has launched its third fund of €100 million to invest in Pre-Seed and Seed-stage startups across the Nordics and Northern Europe.
Maki.vc’s first and second funds have helped propel a number of high-profile, successful companies. These include the sustainable textile producer Spinnova, which IPO’d in 2021, alongside successful exits including Ultimate, a customer support automation platform acquired by Zendesk, and Revela, a biotech startup acquired by Oddity.
Maki.vc’s portfolio is also known for growth stories such as quantum tech company IQM, animal-free egg whites producer Onego Bio, and health tech company CardioSignal, which develops industry-first smartphone tech for early heart disease detection.
Maki.vc’s third fund is an Article 8 fund and represents a specific interest in investment opportunities that promote environmental and social objectives. Seven investments have already been made.
The new fund is backed by over 50 limited partners, including the builders of Skype, Wise, RELEX Solutions, WithSecure (formerly F-Secure), Aiven, and Supercell, who bring a wealth of experience in scaling and commercialising tech companies.
Startups have access to a global network of advisors, comprising these LPs, alongside expert partners who offer continuous guidance on early-stage recruiting, branding, follow-on funding, and more.
The VC firm continues to back founders from inception, with initial investments ranging from €300,000 to €3M, with follow-on investments made on a selective basis.
According to Maki.vc’s Partner Pauliina Martikainen-Rahnu, the Nordics represent one of the most significant startup funding regions in Europe:
“This unique ecosystem blends cutting-edge R&D, strong industry collaborations, deep tech expertise, and a proven track record of entrepreneurial success, making it the ideal launchpad for tech companies to achieve meaningful global impact.”
Lead image: Maki.vc.
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