TLDR: Swedish investor Almi raises new €140M fund to back early-stage startups from 2024 to 2029
Key points from the article:
- Almi, a Swedish early-stage investor, has raised €140M for its third fund generation from 2024 to 2029.
- The firm has invested in almost a thousand companies with over 600 exits and will invest in around 300 more in the coming years.
Swedish investor Almi has announced the raising of approximately €140M for its third fund generation to support early-stage startups from 2024 to 2029. The firm, known for its active role in funding startups, operates through eight regional venture capital companies and one national venture capital company focused on GreenTech. Almi Invest has a successful track record, with investments in companies like Tobii, Once Upon, and Lumen Radio. The firm’s best holdings have been acquired by major companies such as Google, Microsoft, and Apple or listed on stock exchanges.
The loans offered by Almi are aimed at companies with a maximum of 250 employees who are unable to obtain financing from other sources. The firm charges interest rates higher than average bank rates to account for the higher risk. These loans are also available to foreign citizens running companies registered in Sweden, provided they meet certain residency requirements.
Overall, Almi Invest’s fundraising efforts and focus on early-stage startups aim to stimulate growth and support companies that may struggle to secure traditional financing. The firm’s success in past investments and its reputation among portfolio companies reflect its commitment to fostering innovation and entrepreneurship in Sweden.
