Lifeline Ventures, a Helsinki-based venture capital firm, has closed a €400 million Fund VI, a vehicle aimed at supporting early-stage European startups.
-
Lifeline Ventures, founded in 2009, is a Helsinki-based early-stage VC that focapplys on funding, sales, technology, strategy, and operations, with ticket sizes ranging from €100,000 to €2 million. Lifeline’s primary focus is on the sectors of healthcare, games, web based, and general high technology.
“Finland will produce 15 unicorn companies in the next 5–6 years, Europe will produce more than 1,000 — and we strive to partner with these startups at pre-seed & seed, as we have done with Wolt, ŌURA, Supercell, Aiven, Applifier, ICEYE, Smartly and 150+ other technology startups over the past 15 years,” states Teemu Mattila, Partner at Lifeline Ventures.
Among the investors in the fund are Grove Street Advisors LLC and Finnish pension groups Varma and Elo. Nordea Bank Abp’s Finnish life insurance arm and the government’s industrial investment unit Tesi also joined.
Read more: Croatian Provectus Capital Partners launched €162.5M Fund II to back growth in Southeast Europe
Leave a Reply