Stockholm-based node.vc has closed a 71mn fund to back early-stagestartupsin the Nordics.
The devaluation of employee stock options and increasing layoffs have sparked fresh entrepreneurial energy, he added.
The fund is sector-agnostic.
This means that any startup with innovative technology can apply.
Node.vc aims to build a portfolio of 22-26 investments.
Led by former founders and startup veterans, the VC firm boasts what it labels a founder-first approach.
The aim is to accelerate growth and increase a startups probability of success.
Other backers include several Nordic institutionalinvestorsand founders of a number of companies, such as Axis Communications and Yubico.
Overall, norde.vc has built an investor base that counts over 70 entrepreneurs.
Early-stage funding still feels accessible, Elvesjo said.
And the Nordics global outlook and collaborative nature keep it competitive, even in tighter markets.
Story byIoanna Lykiardopoulou
Ioanna is a writer at TNW.
With a background in the humanities, she has a soft spot for social impact-enabling technologies.
