TechCrunch Summary (2023-06-13 01AM)

Source: Nordic VC Voima Ventures launches €90M fund for deep tech startups

Summary
Nordic VC firm Voima Ventures has launched its third fund, focusing on early-stage deep tech startups from the science realm. Voima Ventures will focus on pre-seed, and seed-stage investment opportunities targeting university labs, or research institutions and will occasionally delve into later-stage investments. Voima’s latest fund includes capital from the European Investment Fund, Finland’s Tesi, VTT among other entities.

Fact

💰- Voima Ventures’ third fund has an initial closing of €90 million with a final target of €120 million, including participation from entities like European Investment Fund, Finland’s Tesi, VTT, Sweden’s Saminvest, and a handful of pension funds, foundations, and family offices.

🌍- The fund will focus on Nordic and Baltic countries, although it occasionally dips into other countries across Northern Europe.

🎓- Nearly three-quarters of Voima Ventures’ portfolio comes from the academic world with a focus on universities from across Northern Europe.

👩‍🔬 – Voima Ventures focuses on startups working on sustainability, life science and health, and groundbreaking technologies such as quantum computing.

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