Finnish venture capital firm Voima Ventures has announced the final closing of its €100 million deep tech-focused Fund III. Based in both Helsinki and Stockholm, the fund has already begun deploying capital with 8 finalized investments since its first closing in June, including in ÄIO and Aisti. The firm shared the news about the closing on its website.
About Voima Ventures Fund III
- Fund III had a final close of over €100 million.
- It is focused on science and deeptech startups across the Nordic and Baltic region.
"The Nordic and Baltic regions are setting the global standard for deep tech innovation, and we are proud to grow alongside this thriving ecosystem. With a unique blend of cutting-edge research and entrepreneurial talent, these regions are driving solutions that not only tackle global challenges but also redefine industries, creating sustainable value for future generations," said Jussi Sainiemi, Partner at Voima Ventures.
- The fund is set to invest in 25-30 companies, with initial entry tickets varying from €200,000 to €3 million.
- It is Article 8 compliant under the EU’s SFDR, reinforcing Voima’s dedication to sustainable and impact-driven investing thesis.
- Investors of the Voima Ventures Fund III include among others European Investment Fund EIF, Finnish Tesi and its fund of funds KRR, VTT of Finland, Saminvest from Sweden, and pension funds Nordea Life and Elo, as well as established foundations, and family offices.
- The fund has already finalized 8 investments since the closing in June 2024. The new portfolio includes Estonian biotech startup ÄIO and Finnish construction technology company Aisti.
Earlier this year, AIN had an opportunity to talk with Inka Mero, founder at Voima Ventures, about the fund’s recent activities, successes and challenges, as well as discuss the state of the Nordic and Baltic markets. You can read the full interview here.
