From Dealroom · · 40s
Sweden's Turbine Capital Closes Fund I at $61.3M
Sweden's Turbine Capital closes $61.3M fund for Nordic deeptech startups.
In brief
Sweden's Turbine Capital closes $61.3M fund for Nordic deeptech startups. Turbine Capital closed its first fund at $61.3M for Nordic deeptech startups, below its target of $90.7M. Originally reported by Dealroom.
Fund Close
Turbine Capital closed its first fund at US$73.5M targeting early-stage Nordic deeptech startups.
New Investor
Mycronic joined as a new industrial investor on October 9.
Investor Base
Industrial investors include Saab, Scania, Volvo Cars, Stena, and private investors.
Target Shortfall
The close lands below target at 81% of goal, a shortfall of nearly US$17.2M.
What it means
Turbine Capital closed its first fund at $61.3M for Nordic deeptech startups, below its target of $90.7M.
