Voima Ventures has successfully closed its Fund III, securing over €100 million to drive advancements in the deep tech sector across Nordic and Baltic regions. This fund, compliant with Article 8, will enable investments that span a diverse range of science-driven innovations. With its headquarters in Helsinki and Stockholm, Voima Ventures seeks to solidify its role as a pivotal partner for early-stage startups, particularly those emerging from university spinouts. This initiative is poised to significantly contribute to the technological landscape by nurturing groundbreaking ideas from inception to commercial viability.
Voima Ventures has consistently prioritized bridging the gap between academia and the industry since its establishment in 2019. The firm has invested in several successful companies like Solar Foods, Dispelix, and EniferBio, emphasizing its strong connections with university research ecosystems. Historically, Voima has focused on transforming scientific research into scalable business opportunities, reinforcing its reputation as a key player in the deep tech investment space. This ongoing commitment is reflected in its new fund, which aims to support up to 30 innovative startups.
What Are the Fund’s Objectives?
Fund III is structured to support the development of science-driven unicorns with investment tickets ranging from €200,000 to €3 million, alongside possibilities for further investments. The fund has already made eight investments in promising startups like ÄIO, Liquid Sun, and Avenue Biosciences. These investments are aimed at accelerating the growth of transformative technologies that can deliver substantial global impacts. The strategic focus is on becoming the preferred partner for early-stage university spinouts, facilitating their journey from research to market success.
Who Are the Key Investors?
The fund’s investment base is diverse, comprising prominent institutions such as the European Investment Fund, Finnish Tesi, VTT of Finland, and pension funds Nordea Life and Elo. These investors recognize the potential for significant returns and impactful innovations within the deep tech sector. Voima Ventures’ commitment to sustainable practices and transformative technologies is a significant draw for investors looking to achieve both financial and societal benefits.
The latest Impact Report from Voima Ventures highlights the substantial positive impact generated by its investments. Voima Ventures asserts that its Fund III has achieved a net impact score of +48 percent, significantly outperforming the average impact score of US Fortune 500 companies.
“Our recent Impact Report highlights this commitment, showing that Voima Ventures Fund III achieves a net impact score of +48 per cent, compared to the average -8 per cent impact of US Fortune 500 companies,” shared Inka Mero, Founder and Managing Partner of Voima Ventures.
Voima Ventures aims to position itself as a leader in deep tech investments, continuing to bridge the gap between scientific research and market-ready technologies. This new fund underscores the firm’s dedication to supporting innovations that not only promise strong financial returns but also contribute positively to global technological advancements. As the fund progresses, its ability to foster impactful innovation will be critical in shaping the future of the deep tech landscape in the Nordic and Baltic regions.
Voima Ventures’ commitment to nurturing deep tech startups is evident in its investment strategy and partnerships. The fund’s focus on impactful investments aligns with the increasing demand for sustainable and transformative technologies. By engaging with a range of investors, including major financial institutions and pension funds, Voima is well-positioned to leverage its resources and expertise to drive meaningful advancements in the deep tech sector.
