Raising a first time fund with a first time team is inherently difficult and in addition to a lot of blood, sweat and tears it normally takes between 18 and 24 months to do so. We are therefore excited that we have managed to raise our first close of the fund in record time. This allows us to start investing in the next generation of Nordic and Baltic founders with global ambitions.
The investors behind the fund includes Vækstfonden (“The Danish Growth Fund”), a string of Danish family offices, successful entrepreneurs and the fund’s management team.
Following this successful initial close of more than €30 million and we are on target to raise a total of €100 million during 2018.
We have already identified a group of very promising startups, who we plan to invest in and actively help become global successes, similar to Zendesk, Unity, Sitecore, Vivino and many other Nordic tech companies.
Based on the many interesting startups that have reached out since we announced the formation of the fund we know we have something unique to offer.
More than 30 accomplished founders and operators - from great companies like Skype, AirBnb, Zendesk, Endomondo, Tradeshift, Trustpilot, Unity, Vivino, Sitecore and Better Collective - have all invested personally in byFounders and are ready to help the next generation of founders.
We thus encourage the next generation of Nordic entrepreneurs to reach out and become part of a venture fund that has the backing by the founders of some of the Nordics biggest global tech successes. We are here for you!
We are for founders, byFounders!