Vendep Capital raises €80M to back the next wave of AI-era SaaS founders
Vendep Capital, a Finnish venture capital firm, has secured €80 million for its fourth fund, targeting early-stage SaaS companies in the Nordics and Baltics. This initiative underscores the continued growth and importance of SaaS in the European digital landscape, especially with the integration of AI. The fund's focus on supporting these businesses signals a commitment to fostering innovation and technological advancement within the region. The fund, backed by Nordic and European investors, including Tesi and Pension Insurance Company Elo, will invest in approximately 20 early-stage SaaS startups. Initial investments will range from €0.1 million to €3 million, with a focus on AI-first products. Vendep Capital has a strong track record since 2013, with previous investments in companies like AlphaSense and Leadfeeder. This investment will impact founders in the Nordic and Baltic regions, providing them with critical capital and support to scale their businesses. The move highlights the evolving role of SaaS in the tech sector, particularly with AI. As the most significant AI products are delivered and monetized as SaaS, this investment is set to boost technological advancement.
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