HomeFinlandFailup Ventures Launches €50M Fund 

Failup Ventures Launches €50M Fund 

Failup Ventures - founders
Failup Ventures – founders

Failup Ventures, a New York- and Helsinki, Finland-based early-stage venture capital firm, held the first closing of €30M€ of its new early-stage fund of €50M.

Business Finland Venture Capital Oy acted as the anchor investor in Failup Ventures’ new fund.

Founded by three previous Finnish entrepreneurs – Jesse Heikkilä, Topias Soininen, and Oscar Andersin – Failup Ventures backs early-stage startups with mission-driven teams who have a positive impact on society, work, health, or the environment. Investment themes include:

Future of Work
Future of Consumption
Dynamic Marketplaces
Digital Infrastructure
Commercial Climate Tech
& others

Typical initial investments range from 200K€ to 1M€ with the capability to follow up with larger tickets. By offering peer support, strategic guidance, and access to networks in Finland, Europe, and the US, Failup Ventures is equipped to support startups in their global growth journeys. The team promises to identify and support promising startups both in the Nordics and in the US. This global perspective, including rare access to US-based startups, has attracted interest and commitments from a diverse group of fund investors, many of whom are entrepreneurs themselves. 

Each of the founding members brings different expertise to the team from their founder and angel investor backgrounds. Heikkilä and Soininen, known for their startup Playven, a SaaS sports facility management and marketplace company later acquired by Playtomic, have an understanding of high-growth startups and finding product-market fit. Andersin has worked as an Investment Manager at Vencubator, a Helsinki-based startup incubator. Together, the team has built and invested in nearly 40 startups through previous angel investments.

Failup has already made three investments into early-stage teams from its fund including:

  • Foundernest, which uses Generative AI to help innovative corporations improve their market landscaping, exploration, and insights – giving them confidence that they’re going to find all the relevant players in the most efficient way.
  • Ever, an electric vehicle marketplace that makes buying and selling pre-loved EVs understandable and risk-free.
  • Vested Health, a company creating a hybrid healthcare model where patients subscribe to membership which includes regular visits to doctors for checkups, blood panels, and other systematic testing.

VCWire

27/11/2023