Lifeline Ventures announced its fourth fund at €130 million to invest in startups from Finland.

Finland Connection
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Lifeline Ventures, a Helsinki, Finland-based venture company, announced a new investment fund aimed to be closed at €130 million ($143M).

This is the fourth fund of the company, with a previous one announced in March 2016 at €57 million ($63 million). Its target is solely early-stage Finnish companies.

The new fund was raised from about 30 local investors - one third of the funds come from investment companies of wealthy Finnish families and two thirds from Finnish institutional investors. Private investors include the investment companies of Supercell's founders Ilkka Paananen and Mikko Kodisoja, Björn Wahlroos, Pöyry and Paulig.

Lifeline Ventures, founded in 2009 by Petteri Koponen and Timo Ahopello, is one of the most active early stage investors from the Nordics, looking to back early-stage health and mobile technology companies.