Kvanted Ventures Launches Nordic Industrial Technology Fund
Kvanted Ventures, a Helsinki, Finland-based early-stage investment firm, announced its first fund of €70m. Founded by Maria Wasastjerna, Eerik Paasikivi, and Axel Ahlström, Kvanted focuses on early-stage industrial technology startups in Northern Europe. The firm invests in both hardware and software alike, as well as service companies developing new solutions for the industrial value chain, with a focus on industrial automation, sustainability and supply chain resilience. The fund will invest in around 20 companies, with initial investments ranging from €0.5 to €3m, and a longer-than-average investment term to align with the longer development cycles in the industrial domain.
Fractory Raised 5 Million Euros
Fractory, the Estonian Startup Tech Business Focused on Manufacturing, Raised 4.8 Million Euros With the Help of Strategic Investors. The additional capital is used for expansion in existing markets, mainly in the United Kingdom and Scandinavia. The main focus is on increasing the offered production capacity and volume in order to strengthen existing customer relationships and increase the value proposition to the growing customer base.
The €4.8m round is led by a brand-new early-stage investment company, Kvanted, whose focus is on companies building industrial technologies in Northern Europe. Other participants in the funding round include all those venture capital groups, angel investors and entrepreneurs who have bought into Fractory since it launched in 2017, amongst them Superhero Capital, OTB Ventures, Trind Ventures, United Angels VC, Startup Wise Guys and Verve Ventures.