TLDR:
BlackWood Ventures, a venture capital fund, secures €14M for early stage startups across Europe. The fund focuses on fintech, web 3.0, and cleantech sectors and has made 12 investments since April 2023.
Article Summary:
BlackWood Ventures, a network and technology-driven venture capital fund, announced the 2nd closing of its debut fund, BlackWood Ventures Fund I, raising a total of €14M. The fund focuses primarily on fintech, web 3.0, and cleantech sectors and has made 12 investments in startups across Europe since April 2023. The fund employs a systematic approach to identify and invest in the most promising early-stage startups.
The team at BlackWood Ventures has established partnerships with leading accelerators, universities, and incubators across Europe to source the most promising startups. The fund has seen a strong deal flow with about 300 startups evaluated monthly, leading to an acceptance rate of 0.2%. The investors in this round primarily consisted of private investors from the Nordics, exited entrepreneurs, and family offices.
Christian Mariager, a new investor in the fund, highlighted the exceptional and driven individuals at BlackWood Ventures. The fund remains open for further investment as it continues to support founders and drive advancements in its focus sectors.
