🇳🇴 🇫🇮 🇸🇪 🇩🇰 VC Firm Antler Launches New €150 million Nordic Startup Investment Fund

Venture capital firm Antler announced yesterday, that it had launched its second Nordic fund, with a total target size of €150 million. According to the firm, €50 million had already been raised in the first closing.

The fund will back founders across the Scandinavian countries Sweden, Norway, Denmark, and Finland, with the firm set to open its new Helsinki office in 2024.

“Five years after Antler’s first investments in the Nordics, the launch of our second fund demonstrates our commitment to continue supporting a new generation of founders in the region,” Antler partner Kristian Jul Røsjø said in a press release.

According to the publication EU-Startups, Antler has made 102 investments in 2022 alone and has emerged as one of the most active early-stage venture capital firms in Europe. Its current European portfolio includes more than 300 startups across a wide range of sectors.

Among the companies backed by Antler are Two, Treyd, Evyon, Skyqraft, Circulate, and PerPlant.

In an interview with EU-Startups, Jul Røsjø said that the launch of the new fund showcased Antler’s unwavering commitment to the startup community in the Nordics.

“Five years after Antler’s first investments in the Nordics, the launch of our second fund demonstrates our commitment to continue supporting a new generation of founders in the region. The high number of investors from Fund I re-committing to our second Fund is testament to the potential of our investment strategy and the success of our portfolio companies,” said Jul Røsjø.

The firm’s Nordic portfolio now has a combined value of nearly half a billion dollars, with around 40% of the startups backed by Antler classified as ‘planet positive’. The new fund will continue this direction by investing in startups that are developing technologies aimed at having a positive societal or environmental impact.