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, a minimum of one in every of its early investments is in a recreation 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 to this point. I hope this implies there’s a signal of life within the enterprise capital funding local weather, as lately traders have been gunshy.
Cornerstone traders within the new fund embrace 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 embrace 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 turning into a node for the Nordic startup ecosystem, making certain that the agency’s investor group is supplied to assist establish, consider, and help portfolio firms.
A founder-first method
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 firms. The agency’s sector-agnostic method is guided by the idea that disruptive innovation can emerge from any business.
Thus far, 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 information 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 enhance 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 firms main change throughout varied 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 stated.
Node.vc managing accomplice John Elvesjö stated in an announcement, “The Node.vc crew began as founders and operators ourselves, we all know what it takes to construct and scale profitable firms. That’s why we at all times put founders first; Node.vc is creating an ecosystem the place entrepreneurs again entrepreneurs. Our method is straightforward – once we spend money on an organization, we deliver rather more than capital.”
Elvesjö added, “Having been within the founders’ footwear ourselves, we all know the challenges first-hand and deeply respect the journey. Our goal is to accomplice with founders, giving them the total weight of our expertise, networks, and insights. With the unbelievable 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.”
Cornerstone investor Saminvest CEO Magnus Skåninger stated in an announcement, “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 the very best funding alternatives throughout the tech panorama.”
