29.11.2021

Karma Ventures raises a EUR 100 million fund with a focus on deep tech software startups

Karma Ventures, a venture capital investor in Baltic and Northern Europe, has raised its second fund, sized at EUR 100 million. Karma Ventures II will invest in around 20 early-stage, deep tech software companies in Europe that have potential for international growth. The fund intends to invest in companies in Finland to a significant extent, as well.

”With its networks and knowhow, Karma creates a bridge between the Finnish and strongly developing Baltic vc ecosystems. Karma also strongly supports both startups in recruiting skilled international commercial talent as well as staff and entrepreneurs in their wellbeing which creates positive impact. For these reasons, we decided to join as investors”, explains Matias Kaila, Director of Fund Investments.

Additional information:

Matias Kaila, Director, Fund Investments, Tesi
+358 40 720 1324
matias.kaila@tesi.fi

Karma Ventures is a venture capital firm focused on investing in European early stage startups that develop unique technologies and demonstrate proven customer traction. It has completed 16 investments since the launch of its first fund in 2016 and the team’s track record includes taking more than 20 companies to successful exits. Karma Ventures’ second fund is backed among others by Baltic Innovation Fund 2 (BIF 2) – an initiative created by cooperation between the Republic of Estonia, the Republic of Latvia, the Republic of Lithuania and European Investment Fund. www.karma.vc

Tesi (Finnish Industry Investment Ltd) is a state-owned investment company that wants to raise Finland to the front ranks of transformative economic growth by investing in funds and directly in companies. We invest profitably and responsibly, hand-in-hand with co-investors, to create the world’s new success stories. Our investments under management total 2.1 billion euros. www.tesi.fi | @TesiFII