node.vc closes €71m first fund
We're very excited to announce that we have closed our first fund above our €71m target!
node.vc Closes €71mn Fund To Back The Next Generation Of Nordic Entrepreneurs
Built and backed by over 70 entrepreneurs and top Nordic investors,node.vc is driving a founder-first ecosystem
Stockholm, October 16th 2024- node.vc, a Nordicearly-stage venture capital firm led by veterans of leading startups and scaleups (including eye tracking scaleups Tobii, Tobii Dynavox and video game pioneers Paradox Interactive), has closed a €71m fund, to double down on building an ecosystem for entrepreneurs.
Cornerstone investors in the new fund include Stockholm-based Saminvest (a venture capital company formed by the Swedish government in 2016, committed to establishing new and sustainable ventures), as well as several leading Nordic institutional investors, underscoring broad confidence in node.vc’ approach to venture capital. node.vc has built an investor base that includes more than 70 entrepreneurs.
Notable backers of the new fund include founders of Axis Communications, Yubico, Polarium, Cint, Evolution, PriceRunner, and Polar Structure. The Stockholm-headquartered VC firm’s investment philosophy is built on the power of becoming a node for the Nordicstartup ecosystem, ensuring that the firm’s investor community is equipped to help identify, evaluate, and support portfolio companies.
A Founder-First Approach
node.vc’ investment strategy revolves around building a founder-first ecosystem, where the firm leverages its extensive entrepreneurial network to identify, support, and scale innovative tech companies. The firm’s sector-agnostic approach is guided by the belief that disruptive innovation can emerge from any industry. To date, the firm has already made three investments in Sweden: Lemonado, a no-code platform for building software and apps; Roro, a creative play studio; and Starhive, a next-generation unified data management platform for enterprises.
The firm’s thesis is based on the power of collaboration, connecting successful entrepreneurs with early-stage founders to accelerate growth and increase the probability of success. As the global landscape of work, innovation, and entrepreneurship evolves rapidly, node.vc stands at the intersection of disruption and growth. The firm is committed to identifying and backing companies leading change across various industries, whether it’s reshaping virtual work, driving the future of AI, or unlocking new frontiers in interactive entertainment and enterprise technology.
node.vc Managing Partner John Elvesjö: “The node.vc team started as founders and operators ourselves, we know what it takes to build and scale successful companies. That’s why we always put founders first; node.vc is creating an ecosystem where entrepreneurs back entrepreneurs. Our approach is simple - when we invest in a company, we bring much more than capital. Having been in the founders’ shoes ourselves, we know the challenges first-hand and deeply respect the journey. Our aim is to partner with founders, giving them the full weight of our experience, networks, and insights. With the incredible group of investors we’ve brought together, we’re certain we have built the largest entrepreneur-backed early-stage VC in the Nordics, all within one fund structure.”
Cornerstone investor Saminvest CEO Magnus Skåninger: “node.vc has the team and vision to deploy capital across the ecosystem in such a way that drives a new wave of entrepreneur-backed success. They are well-positioned to execute on the best investment opportunities across the tech landscape”.
About node.vc
node.vc is a Nordic early-stage venture capital firm led by former founders and operators with deep experience building tech companies. The firm’s investor base includes over 70 entrepreneurs, enhancing its ability to support and scale innovative tech startups. node.vc leverages this unique network to build a strong portfolio and foster a collaborative ecosystem where entrepreneurs back each other. For more information, visit node.vc
About Saminvest
Saminvest is a venture capital investment firm that is wholly owned by the Swedish state and which invests indirectly and together with private capital. Saminvest actively promotes the establishment of new venture capital funds and business angelprograms to develop the Swedish venture capital market and to indirectly support innovative and fast-growing companies. The initiatives will lead to the growth and renewal of the Swedish business community. For more information, visit www.saminvest.se/en/
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