Tuesday, February 27, 2024
HomeFunding Finnish Entrepreneurs launch Failup Ventures with €30M Initial Closing of funding

[Funding alert] Finnish Entrepreneurs launch Failup Ventures with €30M Initial Closing of funding

Jesse Heikkilä – General Partner, Helsinki(left) , Oscar Andersin – General Partner, Helsinki(middle), Topias Soininen – General Partner, New York

Finnish Entrepreneurs launch Failup Ventures with €30M Initial Closing of funding of its new early-stage fund of €50 million. Finding and assisting early-stage startups in the US and the Nordics is the objective of Failup Ventures.

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Three former Finnish entrepreneurs, Jesse Heikkilä, Oscar Andersin, and Topias Soininen, generated the venture capital business. It promotes mission-driven, early-stage entrepreneurs with teams that are strong and have raised between €200,000 and €1 million in funding.

Failup Ventures has a solid reputation in North America. The team’s wide networks, global deal flow, and access to high-caliber cases locally as well as globally allow them to recognise and help emerging businesses in the US and the Nordic region.

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Topias Soininen, co-founder and General Partner at Failup Ventures. said, “We are thrilled to launch Failup Ventures as the first-ever Finnish VC fund to have its core foothold in the US as well, Our global approach and grassroots networks enable us to identify truly promising early-stage teams and support them from the start. Many of our previous investments have received follow-on investments from renowned firms like A16Z, NFX, General Catalyst, and Tiger Global. This is a testimony to our understanding of truly brilliant teams and efforts in grassroots work.”

Jesse Heikkilä, co-founder and General Partner at Failup Ventures shared: “We have seen that founders prefer to work with individuals who have firsthand experience in building a company and have faced similar challenges in the past. And that’s exactly what we’ve done before founding Failup. We are excited to pave the way for next-generation founders with our fund by next-generation investors, and thrilled to have some of the brightest entrepreneurs backing us as Limited Partners.”

About Failup Ventures

A Finnish-American venture capital firm with offices in Helsinki and New York is called Failup Ventures. They fund early-stage businesses with able, driven teams.

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The first investment typically ranges from $200K to $1M, with the possibility of greater tickets later on. Three young, experienced angel investors and founders who have built and invested in over 40 firms formed Failup.

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