Swedish VC Incore Invest completes €15 million second closing, bringing Invest II to €40 million
Stockholm-based Incore Invest has secured a €15 million second closing for its Incore Invest II fund, bringing the total capital to €40 million. This financial boost will support the growth of Software-as-a-Service (SaaS) and FinTech companies across Europe. The investment underscores the continued confidence in the European tech market, specifically in sectors poised for significant growth. Incore Invest II's strategy focuses on backing tech companies with proven business models, solid revenue streams, and a clear path to profitability, typically entering at the Series A stage. The firm's CEO, Nicolai Chamizo, highlighted the encouraging investor confidence and the fund's ability to support promising European technology companies. This follows the launch of the fund with €25 million just months prior, and other firms also launched funds in 2025. This investment activity reflects a broader trend of significant capital flowing into European tech and software markets, with other venture capital firms launching new funds. These include Backed VC, which closed its third fund at €86 million, and Notion Capital, which unveiled a new growth fund totaling €114 million. The investments are impacting AI-driven software and FinTech, among other disruptive technologies. This activity situates Incore Invest within an active European venture capital ecosystem, with its focus on SaaS and FinTech companies aligning with investor demand. The varying sizes and scopes of these funds allow Incore Invest to potentially find complementary partners and co-investors in the market. This landscape indicates strong support for the development of European tech solutions.
To provide multilingual access, this article summary was automatically generated.
Source Information
European Alternatives You Might Like
Mangopay
Mangopay is a payment infrastructure provider specializing in payments for marketplaces and platforms. It offers virtual wallet technology for managing funds, enabling features such as split payments, multi-currency support, and KYC/AML compliance. Key functionalities include automated payouts, transaction monitoring, and customizable payment flows. This service is primarily aimed at businesses that manage marketplaces, crowdfunding platforms, and sharing economy models and require complex payment solutions. Mangopay distinguishes itself by offering a flexible and scalable payment solution specifically designed for platform-based business models, allowing them to control cash flows and streamline payment processes.
Scaleway
Scaleway is a European cloud computing provider offering a range of services, including servers, storage, and networking solutions. Key features include bare metal servers, virtual machines, object storage, and managed Kubernetes. It's suitable for developers, startups, and businesses seeking cloud infrastructure for web applications, data storage, and various other workloads. Scaleway distinguishes itself through competitive pricing and a focus on European data sovereignty, with data centers in France and the Netherlands.