Icebreaker announced closing of its second invetsment fund at €50M

Icebreaker, a Helsinki, Finland-based pre-seed venture fund, announced the closing of its second invetsment fund at €50M ($54M).

The lead investors are Tesi, KRR III, Varma Mutual Pension Insurance Company and Elo Mutual Pension Insurance Company together with 41 other investors consisting of institutional investors, family offices and founders.

The company aims to make financial commitments between €150k and €800k in teams that have “deep domain expertise” and are building globally competitive tech companies.

This is Icebreaker's second fund - the first was closed at €14M at the beginning of 2017.