Sunstone Technology Ventures closes two new funds totalling €160M
Sunstone Capital, a Copenhagen, Denmark-headquartered venture capital firm, announced the closing of two new funds totalling €160 million ($186M) in committed capital.
The first of the two is Sunstone Technology Fund IV with €112 million in committed capital, focusing on European investments in the early-stage rounds of technology companies. Sunstone Technology Fund IV is looking to invest in around 30 new technology companies, with already 10 existing funding commitments, including RFRSH or Werlabs in Scandinavia.
The second fund is Sunstone Progression Alpha with €47 million in the bank, and which is a growth opportunity fund that aims to support the portfolio companies as they reach the growth phases raising €25 million or more in single financing rounds.
Sunstone Capital was founded in 2007 as an early-stage life science and technology venture capital company investing in European start-up companies. The company makes investments in seed and Series A rounds, and has offices in Copenhagen and Berlin.