Superhero Capital funding news – Helsinki-based Superhero Capital has launched its fourth fund at €50Million

The new fund aims to raise €50 million, with backing from Elo Mutual Pension Insurance Company and Tesi, a state-owned Finnish venture capital firm. Along with the launch, Superhero Capital is expanding into Lithuania, bringing on two new partners, Gytenis Galkis and Audrius Milukas, both venture capitalists.

Read also - Alstin Capital funding news – Munich-based Alstin Capital has Secured €175 Million in Funding

The first investment of the new fund was in CyberUpgrade, a Lithuanian cybersecurity startup that helps strengthen digital security for businesses in Europe and the USA. The fund also invested in Behavix, a company using AI tools to turn online behavior data into useful insights.

Superhero Capital led CyberUpgrade’s €2.5 million seed funding round, showing their support for innovative entrepreneurs and their focus on technology that promotes a secure future.

Enni Rautio, Interim Director of Tesi’s Fund Investments team said, "The internationalization of Finland’s venture capital and private equity market and its players is important to Tesi. Superhero Capital has successfully internationalized and excelled in profitable business operations. We are pleased that Finnish software companies will continue to find growth opportunities in the capable hands of Superhero Capital,”.

Jakob Storå, co-founder of Superhero Capital said, “Our goal with this fund is simple: empower visionary founders at the earliest stages who have what it takes to create meaningful change, With Gytenis and Audrius joining our team, we are better equipped to add value to the Baltic startup ecosystem and beyond.”

Juha Ruohonen said, “At Superhero, we believe that truly transformative companies begin with founders who see the world differently and have the talent to turn vision into reality, Our mission is to empower these entrepreneurial superheroes who have the courage to improve ordinary life.”

About Superhero Capital

Superhero Capital is an early-stage venture capital firm based in Helsinki, Finland. The firm also has team members in Estonia and Latvia. Founded in 2015, Superhero Capital manages €50M across two funds and focuses on seed investments in Finland and the Baltics. The firm’s portfolio consists of companies such as Fractory, Leadfeeder, Singa, Valohai, and Zadaa.