Tuesday, November 5, 2024

Stockholm-based node.vc closes €71 million fund to drive a founder-first Nordic ecosystem

node.vc, a Nordic early-stage enterprise capital agency led by veterans of main startups and scaleups (together with eye monitoring scaleup Tobii and Tobii Dynavox and online game pioneers Paradox Interactive), has closed a €71 million fund, to double down on constructing an ecosystem for entrepreneurs.

Cornerstone traders within the new fund embody Stockholm-based Saminvest (a enterprise capital firm shaped 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’ strategy to enterprise capital. node.vc has constructed an investor base that features greater than 70 entrepreneurs.

Notable backers of the brand new fund embody founders of Axis Communications, Yubico, Polarium, Cint, Evolution, PriceRunner, and Polar Construction. The Stockholm-headquartered VC agency’s funding philosophy is constructed on the ability of changing into a node for the Nordic startup ecosystem, guaranteeing that the agency’s investor group is provided to assist establish, consider, and help portfolio firms.

node.vc Managing Companion John Elvesjö mentioned: “The node.vc staff began as founders and operators ourselves, we all know what it takes to construct and scale profitable firms. That’s why we all the time put founders first; node.vc is creating an ecosystem the place entrepreneurs again entrepreneurs. Our strategy is straightforward – after we put money into an organization, we convey rather more than capital. Having been within the founders’ sneakers ourselves, we all know the challenges first-hand and deeply respect the journey. Our intention is to accomplice with founders, giving them the complete weight of our expertise, networks, and insights. With the unbelievable group of traders we’ve introduced collectively, we’re sure we’ve got constructed the most important entrepreneur-backed early-stage VC within the Nordics, all inside one fund construction.”

node.vc’s funding technique revolves round constructing a founder-first ecosystem, the place the agency leverages its intensive entrepreneurial community to establish, help, and scale modern tech firms. The agency’s sector-agnostic strategy is guided by the idea that disruptive innovation can emerge from any business. To this point, 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 knowledge administration platform for enterprises.

The agency’s thesis is predicated on the ability of collaboration, connecting profitable entrepreneurs with early-stage founders to speed up progress and improve the chance of success. As the worldwide panorama of labor, innovation, and entrepreneurship evolves quickly, node.vc stands on the intersection of disruption and progress. 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 expertise.

Cornerstone investor Saminvest CEO Magnus Skåninger added: “node.vc has the staff and imaginative and prescient to deploy capital throughout the ecosystem in such a method 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.”


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