Luminar Ventures, a Stockholm, Sweden-based seed investor backing Nordic digital companies, reportedly closed its second fund, at over €65m.
LPs included several angel investors and the firm has also launched an angel program.
Founded by Magnus Bergman and Jacob Key, together with Sting, a startup platform in Sweden, Luminar Ventures provides seed stage financing and active operational support to Nordic based early stage technology companies that are looking to disrupt or transform major industries with digital technologies and innovations.
The fund leads seed rounds through an average investment of around 10 MSEK, but will also do larger late Seed and smaller pre-seed investments in promising teams advancing AI, sustainability, and fintech solutions.
The fund has already invested in Vibrant, Muninn, Hypertype, Yazen, Run, xNomad, Aviant, and Rocky Road.
Magnus Bergman and Jacob Key are both former serial entrepreneurs and active angel investors with a track record of founding and growing tech startups such as Truecaller, Prezi, Sportamore, FirstVet, Challengermode to name a few of the 50+ Startups.