Almi, Sweden’s most active early-stage investor based in Stockholm, has successfully raised approximately SEK 1.6 billion (around €140 million) for its third fund generation. This new fund is earmarked for investment activities spanning from 2024 to 2029, aiming to fuel the growth of innovative startups across Sweden.
Almi’s new fund reflects its continued commitment to nurturing the Swedish startup ecosystem by investing in around 300 companies over the next few years. The fund seeks to address the growing demand for risk capital among Swedish startups, enhancing the regional influence and success.
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Expanding Regional Venture Initiatives
The new fund will operate through the VC’s extensive network, including eight regional venture capital companies and one national venture capital company focused on GreenTech. This structure allows Almi to maintain a strong presence across Sweden, supporting startups with not only capital but also strategic resources.
Joachim Karlsson, CEO of Almi Invest, emphasized the importance of this new fund, stating, “It feels very good that Almi Invest can continue to offer venture capital throughout Sweden. Our customers’ need for risk capital is great, and it will likely continue to increase. Our regional presence is an important key to our success.”
Proven Track Record and Future Outlook
Almi Invest boasts a robust track record, having invested in almost a thousand companies with over six hundred exits. This third fund generation aims to build on this success, leveraging 15 years of experience in early-stage investments and a large investor network to facilitate continued growth for its portfolio companies.
The firm has made notable investments in successful companies such as Tobii, Once Upon, MIPS, and Lumen Radio, with several of its best holdings being acquired by major corporations like Google, Microsoft, Qlik, and Apple or listed on various stock exchanges.
Commitment to Sustainable and Strategic Growth
Almi Invest is part of the Almi Group and is partly financed by the EU structural funds, allowing it to support a wide array of industries and initiatives, particularly those aiming for sustainable solutions. With this new fund, the investment firm continues to bolster its strategic mission to stimulate increased growth and innovation within the Swedish and broader European economic landscape.
This strategic initiative by swedish VC underscores its pivotal role in the development of Sweden’s vibrant startup ecosystem and its commitment to fostering the next generation of innovative companies through substantial financial and strategic support.
