Finnish VC Icebreaker launches second fund to continue backing pre-founders and pre-seed startups, the Finnish venture capital firm that backs pre-founders and pre-seed to seed-stage startups, has launched a second fund, with a first close of 50 million.
Thats already significantly larger than Icebreakers first fund (which closed at 20 million) and reflects the VCs geographical expansion. In addition to Finland, where Icebreaker claims to be the most active institutional investor by number of deals, the firm is also active in Sweden and Estonia.
In an email exchange, Icebreaker co-founder and Partner Riku Seppala told me that despite the coronavirus crisis, most of the firms LPs from Fund I have invested in this second fund, along with several new LP. Its great to see them take the same view as we are; things must go on and this is a great time to start building and investing in pre-seed-stage technology companies in Europe, he says.
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