Pale blue dot (Pbd), a Swedish VC firm with also some Finnish background, has closed its second fund at the size of EUR 93 million. It will invest in seed and early-stage tech companies mainly in Northern Europe.
Pbd specialises in impact investments that promote sustainable development. Responsibility and impact are therefore the base of operations for the firm.
”There is a lack in Northern Europe but especially in Finland of an early-stage investor that focuses both on climate tech and on investments targeting even the early founding moments of a company. Since in Pale blue dot both these strategies meet, we have decided to continue supporting them into their second fund. The fund will be screening also Finland for world-class climate tech prospects and entrepreneurs,” comments Matias Kaila, the Director of Tesi’s Fund Investments team.
Tesi has also invested in Pbd’s first fund in 2021.
Matias Kaila, Director, Fund Investments
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Tesi wants to raise Finland to the forefront of transformative economic growth. We develop the market, and work for the success of Finnish growth companies. We invest in private equity and venture capital funds, and also directly in growth companies. We provide long-running support, market insights, patient capital, and skilled ownership. tesi.fi | Twitter | LinkedIn | Newsletter