Eequity announced its fourth fund eEquity IV at SEK 1.6 billion.

Eequity, a Stockholm, Sweden-based growth equity investor, announced closing its fourth fund eEquity IV at SEK 1.6 billion ($190M).

The investment strategy of eEquity focuses on e-commerce and internet retailing with global reach. The new fund aims to invest equity tickets of SEK 30-150 million ($3-15 million) in up to 12 European startups - eEquity IV has already made six investments including Son of a Tailor, PS of Sweden, Lavendla or aim'n.

The fund was raised from a range of LPs and includes a SEK 376 million (€37.5 million) participation from the EU through the EIF.

eEquity was founded in 2010 by Magnus Wiberg and Patrik Hedelin, after the two founded and sold Pricerunner and boo.com, respectively at the end of the 90s. The company has solely focused on Nordic investments.