Leo Capital, an early-stage venture capital firm, has announced the initial close of its new €25 million Nordic Fund, which is intended to invest in approximately 25 business-to-business (B2B) technology companies.
The capital has been primarily raised from Business Finland Venture Capital and a variety of new and returning investors from around the world.
The fund's objective is to provide support to Nordic startups from the pre-seed stage onward, with initial investments varying from $250,000 to $400,000 per startup.
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The Singapore-based venture firm has three existing APAC funds that invest in early-stage technology companies, ranging from seed to pre-Series A. Its portfolio comprises approximately 60 early-stage companies.
Henry Goodwin, partner at Leo Capital, said: “Our Nordic fund continues Leo Capital’s proven strategy of investing in the most capable, ambitious, and resilient founding teams and helping them to successfully scale across borders,”
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