# Sweden's Turbine Capital Closes Fund I at $61.3M

> Sweden's Turbine Capital closes $61.3M fund for Nordic deeptech startups.
- Title: Sweden's Turbine Capital Closes Fund I at $61.3M · Dealroom
- Summary: 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…
- Keywords: turbine capital, nordic deeptech, fund i, mycronic, saab, scania, volvo cars, stena, saminvest, european investment fund, startups, business
- Source: Dealroom — https://dealroom.co/news/163715-swedens-turbine-capital-closes-fund-i-at-61-3m-for-nordic-deeptech
- Published: 2026-10-18T22:06:48+00:00
- Read time: 1 min
- Topics: turbine capital, nordic deeptech, fund i, mycronic, saab, scania, volvo cars, stena, saminvest, european investment fund, startups, business
## 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.
## Key takeaway

Turbine Capital closed its first fund at $61.3M for Nordic deeptech startups, below its target of $90.7M.