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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114Source:https:\/\/techcrunch.com\/2023\/05\/17\/finnish-vc-firm-lifeline-ventures-closes-164m-fund-for-early-stage-startups\/<\/a><\/br> Venture capital firm Lifeline Ventures<\/a> today announced a fresh \u20ac150 million ($163 million) fund aimed at early-stage startups across Finland.<\/p>\n Founded in 2009, Helsinki-based Lifeline Ventures has invested in around 115 companies to date, with more than a dozen exits to its name including activity-tracking app Moves<\/a>, which Facebook acquired<\/a> back in 2014; food delivery company<\/a> Wolt, which DoorDash snapped up in a $8.1 billion<\/a> all-stock deal two years ago; and gaming giant Supercell<\/a>, which Tencent doled out $8.6 billion<\/a> for a majority stake in 2016. Lifeline Ventures has also backed unicorns such as open source enterprise infrastructure company Aiven<\/a>, which hit a valuation of $3 billion last year<\/a>.<\/p>\n Lifeline Ventures typically invests at the angel and seed stage, with some follow-on investments in the Series A realm. While \u201cangel\u201d usually refers to wealthy individuals investing with their own cash, in this instance the company means that it sometimes backs companies at a super-early stage, before they have anything meaningful to show from a product perspective. Such investments have included mixed reality headset maker Varjo<\/a> and smart ring maker Oura<\/a>, which recently claimed a valuation<\/a> of $2.55 billion.<\/p>\n \u201cWe invested in Oura \u2018pre-PowerPoint\u2019 \u2014 meaning we\u2019ve been there before an actual product was ever made,\u201d Lifeline Ventures founding partner Timo Ahopelto told TechCrunch.<\/p>\n With its new fund, the company says it will look to make investments ranging from anywhere between \u20ac150,000 to \u20ac2 million. And while the vast majority of its investments (95%, TechCrunch is informed) are aimed at domestic Finnish startups, it has been known to take stakes in companies hailing from elsewhere, including Germany, France, the U.K. and the U.S. when invited to do so.\u00a0<\/span><\/p>\n
\nFinnish VC firm Lifeline Ventures closes $163M fund for early-stage startups<\/br>
\n2023-05-17 22:25:55<\/br><\/p>\n