Superhero Capital, a Helsinki-based VC firm, has raised €50 million for its fourth fund to support founders in Finland and the Baltic region. The fund has received backing from Limited Partners such as Elo Mutual Pension Insurance Company and Tesi.
- Founded in 2015 by Jakob Storå, Juha Ruohonen, Jussi Harvela, and Moaffak Ahmed, Superhero Capital is a venture capital firm that focuses on seed-stage, software-driven startups in Finland and the Baltics. The firm typically invests between €50,000 and €1 million in its initial rounds.
- Superhero Capital has backed 52 startups, with 37 receiving follow-on funding. Notable exits include ZITICITY, Flowplayer, Leadfeeder, and Camment.
- Superhero Capital's fourth fund is designed to support pre-seed and seed-stage tech startups from Finland and the Baltic region, assisting them in scaling internationally with investment tickets of up to €1 million.
- The launch of the new fund is accompanied by a strategic expansion into Lithuania, with venture capitalists Gytenis Galkis and Audrius Milukas joining as partners.
- The new fund's first investment is in CyberUpgrade, a company that automates cybersecurity compliance, making it both engaging and efficient for CTOs and CISOs. The company has raised €2.5 million in its seed funding round.
"We’ve already deployed the fund with our first few investments, reaffirming our commitment to support visionary founders with the courage to reimagine the world," Superhero Capital's team, commented on LinkedIn.
- The fund received backing from LPs, including Elo Mutual Pension Insurance Company, which manages €29 billion in assets, and Tesi. This state-owned, market-driven investment company invests in venture capital and private equity funds.
