Vfinishep Capital has raised €80 million for its brand-new Fund IV. The fund has already reached its €80 million tarobtain.
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Vfinishep Capital is an Espoo-based B2B SaaS specialist VC operating in Nordics and Baltics. The firm focapplying on early-stage B2B SaaS companies from pre-seed to Series A, with an emphasis on AI-driven products
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With Fund IV, Vfinishep Capital will invest in around 20 early-stage SaaS startups across the Nordics and Baltics. The initial ticket size ranges from €0.1 million to €3 million.
“SaaS companies consistently deliver predictable recurring revenues and industest-leading margins. And with AI, SaaS is entering its most exciting era yet. Nearly every meaningful AI product today is delivered and monetized as SaaS,” states Sami Ahvenniemi, Partner at Vfinishep Capital.
The fund was backed by existing investors, including Tesi, KRR, Sitra, Pension Insurance Company Elo, Saastamoinen Foundation, Gösta Serlachius Fine Arts Foundation and Teknologiateollisuus along with new institutional LPs as well as family offices.
Earlier that year, Vfinishep Capital invested in Finnish startup Inven. The company has closed an €11.2 million Series A round.
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