Global venture capital firm Antler has closed its second Nordic-focused fund, which is valued at roughly €100 million at the final closing. The fund will invest in early-stage tech companies across the Nordics with a significant focus on Finland, Tesi announced the news.
- Tesi (or Finnish Industry Investment Ltd), a state-owned investment company, joined the fund as a first-time investor.
- Tesi makes both direct investments in Finnish startups and growth companies and invests in venture capital and private equity funds.
- Other investors also include SmartCap from Estonia, among others, which invested €5 million in the Nordic fund back in 2024.
“Technological development is accelerating faster than ever, opening great opportunities for early-stage Nordic startups. With AI making business development more efficient and cost-effective, startups can challenge traditional players like never before. In this dynamic landscape, Helsinki is an ideal place to start a company – for both local and international entrepreneurs. It is great to have Tesi on board,” says Jussi Kallasvuo, Partner at Antler.
About Antler
Antler’s operating model is based on a 12-week residency program where entrepreneurs collaborate to build startups. With 17 venture capital funds globally, Antler has already launched its first residency programs in Finland.
Its CEE portfolio includes Finnish search engine Klu, Lithuanian marketplace Traxlo, Finnish startup QMill, Finnish e-commerce Daze, and many others.
