Alliance VC has announced the first close of Alliance Nordic III, securing €40 million toward its €100 million target. The fund will support early-stage startups across the Nordic region.
- Backed by leading institutional investors, including Telenor, Saminvest, KLP, Investinor, and Smedvig, the fund reinforces Alliance VC’s long-term strategy of investing in globally ambitious startups from Sweden, Norway, Denmark, and Finland.
- The new fund will invest in 25–30 companies across the pre-seed to Series A stage, with initial ticket sizes ranging from €300,000 to €3 million.
- Alliance VC continues to target sectors where Nordic founders have shown exceptional strength, including business productivity, digital health, fintech, and climate tech. AI is now emerging as a central theme in the firm’s investment thesis.
- The fund builds on Alliance VC’s experience backing companies that are already leveraging AI across critical domains, with portfolio standouts including Sanity, Superside, Xeneta, 1X, and Boost.ai.
- According to Alliance VC, most future investments will feature AI as a central component, not just for novelty, but for its ability to replace workflows, transform tools into digital labor, and create value in new ways. Startups developing AI applications with tangible real-world impact are expected to form the core of the Alliance Nordic III portfolio.
