Stockholm-based investment firm Incore Invest has successfully completed a second closing of its Incore Invest II fund, securing an additional €15 million. This brings the fund's total committed capital to approximately €40 million, reinforcing its mission to back high-growth SaaS and fintech companies across Europe. The capital injection signals strong investor confidence and positions the firm to capitalize on emerging opportunities within the continent's vibrant tech sector.
Strategic Capital Injection
The additional capital significantly enhances Incore Invest II’s firepower, making it ready to deploy funds into new and promising ventures. This successful fundraising round underscores the strong conviction from both new and existing limited partners in the firm's focused investment strategy. The firm plans to broaden its portfolio and strengthen its engagement with select companies, ensuring hands-on partnerships to drive growth.
Nicolai Chamizo, CEO and Founder of Incore Invest, affirmed the firm's commitment to backing proven tech companies with strong growth potential. He noted that the continued confidence from investors is highly encouraging and that the fund is now fully equipped to support Europe's most promising technology ventures. This allows the firm to continue identifying and nurturing the next generation of category-defining companies shaping the industry.
Positioning within a Buoyant European VC Market
This closing comes amid renewed optimism in the European technology investment landscape, with fintech and software sectors experiencing a notable resurgence. As markets stabilize and growth capital becomes more accessible, the Nordic region continues to stand out as a maturing ecosystem. This environment presents a strong pipeline of innovators, attracting increasing interest from institutional and private investors alike.
Incore Invest II's €40 million fund is situated within an active European venture capital ecosystem that has seen several larger fund closures recently. While funds from firms like Notion Capital and Armilar Venture Partners target broader or deeper tech sectors, Incore Invest occupies a strategic mid-size tier. This positioning allows it to meaningfully support Series A companies without directly competing against larger pan-European players.
Investment Philosophy and Portfolio
Incore Invest typically enters at the Series A stage, focusing on companies with proven business models, solid revenue streams, and clear paths to profitability. The firm’s approach blends active ownership with close founder collaboration, providing portfolio companies with scaling expertise and extensive international networks. This hands-on strategy is designed to help founders navigate growth, strategic partnerships, and potential future exits.
The firm's strategy is reflected in its diverse portfolio, which includes Froda, a leading Nordic embedded finance platform backed through Incore Invest II. Other notable investments include the Swedish payments platform Brite and the smart company card provider Mynt. These companies exemplify the fund's focus on scalable technology platforms that are transforming the financial and software industries.
The successful second closing of Incore Invest II marks a significant milestone for the Stockholm-based firm, solidifying its role as a key investor in Europe's tech scene. With a total of €40 million in committed capital, the fund is well-equipped to identify and accelerate the growth of promising SaaS and fintech innovators. This development not only strengthens Incore Invest's market presence but also contributes to the continued vitality of the European technology ecosystem.