Trind VC, a seed-stage venture fund based in Tallinn with team members in Helsinki and Munich, has closed its second fund with €55 million in capital commitments.
Trind VC aims to invest into 30–40 startups with proven traction in four years. The fund is backed by institutional investors such as European Investment Fund, Tesi (Finnish Industry Investment), LHV Pension Funds, and Swedbank Investment Funds.
Trind VC’s strategy is to invest in companies with B2C and C2C business models, alongside consumerised B2B software. The CCC strategy, meaning startups with consumer or community components, have a lot of small transactions, enabling them to gather much more data than many B2B companies with only a few bigger clients.
Trind VC can act as a lead investor, but especially with European cross-border investments, it’s happy to co-invest, with a local VC leading the round. It will also continue its strategy of co-investing with prominent angel syndicates in order to bring more expertise to the startup via board positions and advisory work, compared to just its own resources.
The new fund will make initial investments sized up to €1 million, with a minimum ticket size of €100,000. Follow-up rounds will be joined with tickets up to €5 million. For the potential portfolio companies, Trind VC conducts ESG due diligence before investing and continues to monitor and require periodic reporting to make sure that they are ESG compliant. Trind VC is aiming to invest part of its newest fund into startups that have a positive impact on the environment.
