Voima Ventures has successfully closed its Fund III, raising €100 million to support deep tech startups in the Nordic and Baltic regions. The fund focuses on science-based companies addressing global challenges in sustainability, health, and industry. With this latest fund, Voima Ventures now manages €215 million across three funds.
The new fund aims to make initial investments of €1-5 million in 15-20 companies, targeting areas such as new materials, quantum technologies, fusion energy, and industrial software. Voima Ventures plans to lead or co-lead funding rounds, providing hands-on support to portfolio companies.
Notable investors in Fund III include the European Investment Fund, Finnish State Pension Fund, and family offices. The fund's first investment has already been made in Flowrite, an AI writing tool.
Inka Mero, Founder and Managing Partner of Voima Ventures, emphasizes the importance of science-based innovations in addressing global challenges. The firm's approach combines scientific expertise with commercial experience to help startups scale their technologies and create positive impact.
Voima Ventures has a strong track record, with its portfolio companies raising over €500 million in total funding. The firm's investment strategy aligns with the growing trend of deep tech startups emerging from Nordic research institutions and universities.
Read more: https://voimaventures.com/scaling-science-and-sustainability-voima-ventures-finalises-fund-iii/
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