Copenhagen -based early -phase investor PSV Tech Today, AI, software and digital infrastructure startups have announced the launch of the Tech Fund II with a target of $ 70 million to strengthen the location of the Nordic region as a technical power house in Europe.
Investors such as ATP, EIFO, and Danish Society of Engineers, IDA, are the second funds for PSV Tech. Both ATP and EIFO funds were the main investors of the fund among the investors of Ind Funds technical entrepreneurs: Christian Lond and Henrik Printzlau (Templafi), Sebastian Natson (King), Morten and Nils Abesen (Sitamprove), and Sitig Miken (Sitig Move).
“In order to strengthen Europe’s competition, a lot of investment in the field of technology entrepreneurs is essential” HellCo-founder and general partner of PSV Tech. “Investing in technology is no longer about growth – it is about the ability to manage Europe’s own terms. By supporting startups in AI, software and digital infrastructure at the pre-bell level, we notice that creating a powerful pipeline of startups that can make Europe more self-reliant, more elastic and better equip for future global competition.“
PSV Tech 2020 was launched with the back of the PSV Venture House before the product/market fit even with the back of Nordic founders. There are four general partners behind the funds-Helli Oth, Richard Breter, Alexander Veterbo-Horten and Crytel Pyran.
As part of the PSV Venture House, the fund is based on DTU (Technical University in Denmark). This integration gives PSV -owned access, which they mention, one of the most valuable resources: engineering and technical talent.
“As Denmark’s National Pension Fund, ATP invests to ensure interesting, lifetime guaranteed pensions. With this investment, ATP contributes to the development of new Danish companies and jobs – an initiative that we hope that the technical front will turn, innovation, innovation and finally provide returns to our members. We have confidence in the PSV team, who have shown their skills to identify and develop the winners tomorrow. In today’s transfer geopolitical natural scene it is an additional force that this investment supports ambition for greater European self-relianceThe “Associated Sabine cool roastGlobal Direct Investment in ATP
Just 4.5 years after their first fund launched – which caused 47 investments and six departments, including Heloflo and Hehak – 65% of their new funds have already been committed, so far two have been investing.
“IF we want new technology not only invented but also commercialization and scale from Denmark, we need to strong in our research and capitalization” Anders BijarclavePresident of the DTU. “That’s why we have supported PSV Tech from the beginning – it brings the type of capital and consultant to the companies born in DTUThe “
IDA chairman Laura Cleitguard Highlighting the unique position of the fund: ”In IDA, we have chosen to invest in PSV technology because we aim to lead with examples in investing in tech startups. As the largest professional community in Denmark for stem graduates (science, technology, engineering, mathematics), we believe that PSV is a standout of a strong alliance in PSV Tech stem talent, groundbreaking research and capital. We are confident that together we can pave the way to the technical solution of global challenges in both Denmark and NordicsThe “
“The level of privileges, protection mesh and education in Nordics makes it an ideal launchpad for startups – but often we have seen the founder go to the United States because the capital is where the capital is there” Sebastian NotsonKing’s co-founder. “By supporting PSV Tech we hope to support more founders in creating global companies from Nordics.“
PSV Tech laid the foundation of PSV Tech 25 years ago as a state-of-the-state-finished pre-investment vehicle.
“PSV Tech has played an important role in developing technology landscapes in the early stages of Denmark,“Note Ida Dahl HomeInvestment in EIFO is responsible. “Following their performance in funds, we were confident about double -to -be and we have high expectations for the team’s future performanceThe “
PSV Tech Fund will continue funding for II, who has shared its mission by investors: Technical companies contribute to the long -term technical sovereignty of Europe to support Nordic founders in the building with the reach of the world.
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