Node.vc has successfully raised $77.3 million, or €71 million, for a new fund with the backing of 70 Nordic entrepreneurs.
A founder-first approach
This founder-first VC fund, known as node.vc, is headquartered in Stockholm and has a “sector-agnostic” focus. Despite this, one of its initial investments is in a game company. The team at the firm comprises veterans from leading startups and scaleups, including Tobii, Tobii Dynavox, and Paradox Interactive.
The primary goal is to focus on building a robust ecosystem for entrepreneurs. The $77.3 million raised so far signals a positive development in the venture capital investment landscape, which has recently seen cautious investors.
The new fund has secured investments from major players like Stockholm-based Saminvest, a venture capital company established by the Swedish government in 2016. Additionally, several Nordic institutional investors have shown confidence in node.vc’s venture capital approach, with over 70 entrepreneurs already part of the investor base.
Noteworthy backers of the fund include founders of prominent companies such as Axis Communications, Yubico, Polarium, Cint, Evolution, PriceRunner, and Polar Structure. With a philosophy centered on becoming a key player in the Nordic startup ecosystem, Node.vc ensures that its investor community is well-equipped to identify, evaluate, and support portfolio companies.
Node.vc’s investment strategy revolves around creating a founder-first ecosystem, leveraging its extensive entrepreneurial network to identify, support, and scale innovative tech companies. The firm believes that disruptive innovation can emerge from any industry, as evidenced by its investments in Lemonado, Roro, and Starhive in Sweden.
By fostering collaboration and connecting successful entrepreneurs with early-stage founders, Node.vc aims to accelerate growth and increase the likelihood of success. Positioned at the intersection of disruption and growth in the global landscape of work and innovation, the firm is dedicated to backing companies driving change in various industries.
Node.vc’s managing partner, John Elvesjö, emphasizes the firm’s focus on founders, aiming to provide more than just capital to the companies they invest in. He underscores the importance of partnerships with founders, offering experience, networks, and insights to support their journey.
Magnus Skåninger, CEO of Saminvest, a cornerstone investor in the fund, acknowledges Node.vc’s potential to drive a new wave of entrepreneur-backed success across the tech landscape through strategic capital deployment.
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FAQs
Q: What is Node.vc’s investment focus?
A: Node.vc focuses on building a founder-first ecosystem and investing in innovative tech companies across various industries.
Q: How much funding has Node.vc raised?
A: Node.vc has raised $77.3 million, or €71 million, for its new fund with support from 70 Nordic entrepreneurs.
Q: Who are some of the notable backers of Node.vc?
A: Backers include founders of Axis Communications, Yubico, Polarium, Cint, Evolution, PriceRunner, and Polar Structure.
Credit: venturebeat.com
