Finnish venture capital firm Lifeline Ventures has secured commitments totalling €400m ($470m) for its sixth and largest fund to date, according to a report by Bloomberg. The fund is earmarked to back early-stage technology companies across Europe, building on Lifeline’s track-record which includes investments in stand-outs such as Supercell, Wolt, Ōura and ICEYE.
On average, the fund is almost four times the size of its European competitors. Almost all Finnish unicorns receiving seed funding have had Lifeline as their first venture investor.
Participators in the fund include Grove Street Advisors, Varma and Elo, Nordea Bank Abp’s Finnish life insurance division, and government investor Tesi.
