Swedish Pale Blue Dot closed its first fund, investing in seed and early-stage tech companies mainly in Northern Europe, at the size of EUR 87 million. Pale Blue Dot specialises in impact investments that promote sustainable development. Responsibility and impact are therefore the base of operations for the firm.
Pale Blue Dot complements the Finnish venture capital market, lacking a similar investor, with its specific knowhow and growth capital. In addition to seeking potential target companies in Finland, the team behind the new fund also has Finnish background.
Tesi (Finnish Industry Investment Ltd) is a state-owned investment company that wants to raise Finland to the front ranks of transformative economic growth by investing in funds and directly in companies. We invest profitably and responsibly, hand-in-hand with co-investors, to create the world’s new success stories. Our investments under management total 2.1 billion euros. www.tesi.fi | @TesiFII