Finland

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

Nov 27, 2023 | By Startup Rise EU

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.

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.

Read also -  Milan-based Planet Farms Secures $40 Million in Funding

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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