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.
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.