FINLAND - Nexit Ventures holds first close on EUR 50m

The largest investors in the fund are Finnish Industry Investment, Sampo Life, CIR (Italy) and a number of private investors from several countries.

The vehicle will make investments in early-stage and growth stage mobile technology and services companies, primarily in the Nordic countries but also in the US. Intitial investment size will typically range from EUR 1 to 5m, with up to EUR 10m deployed to one company over its lifetime.

The fund has already made one investment in Axel Technologies last month.

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