Inventure launches Inventure Fund III at €110M, looks for investment in Nordic and Baltic-based early stage tech companies.

Inventure, a Helsinki, Finland-based investment company, announced reaching to €110M ($130M) for Inventure Fund III, a newly raised investment fund dedicated to early-stage technology companies.

The money comes from institutional investors, including European Investment Fund (EIF), Elo, Finnish Industry Investment (Tesi), Ilmarinen, Nordea Life Finland and other institutional and private investors.

The target size of the fund is €135 million and will be open for fundraising throughout 2018.

Inventure, founded by Sami Lampinen and Timo Tirkkonen, has offices in Helsinki, Stockholm and Shanghai and is looking to strengthen its investment portfolio with companies from the Northern Europe area and from the Baltics. The company focuses on early stage investments in technology, software and next generation of digital services, with checks as low as EUR 100k and followup money of up to EUR 10M over a company lifecycle.

Inventure has made 4 investments in the Nordics for 2017 - in Comptek, Blueprint, Vizor and Detectify. The full list is available here.

The announcement comes in line with several other similar made in the past months of fresh funds available to be invested in the Nordics - Sunstone (€160M), Nordic Alpha Partners ($140M), Den Sociale Kapitalfond Invest ($34M), Nordea Ventures.