Superhero Capital announced the first close of its second fund at €30M.

Finland 08 September 2020

Superhero Capital, a Helsinki, Finland-based venture company announced the first close of its second fund at €30M ($35.4M).

The fund will make seed investments in Finland and the Baltics and aims to invest in 25 startups over the next 4 years. The fund will remain open for new investors until the end of 2020.

Superhero Capital, founded by Moaffak Ahmed, has as main focus remains on Finland, and will increasingly look for startups in the Baltics. As part of this strategy, Estonia-based serial entrepreneur and angel investor Ivo Remmelg and Latvia-based serial entrepreneur Ernests Stals have joined Superhero Capital as Venture Partners.

The company will make initial investments sized up to €1M, with typical deals being around €0.4M. Its first investments include Lithuanian urban delivery platform Ziticity, which has already expanded to 11 cities across three countries. Superhero also led a round with a group of investors, including Japan’s top football player Keisuke Honda, in the seed investment of, a user experience startup founded by Finnish serial entrepreneur Kristoffer Lawson.