Nordic venture capital firm Alliance VC raises €40M for AI-focused Fund III

Nordic venture capital firm Alliance VC raises €40M for AI-focused Fund III

Alliance VC, a Nordic venture capital firm, has announced the first close of its third fund, Alliance Nordic III, with backing from leading Nordic LPs including Saminvest AB, KLP, Investinor, Smedvig, and Telenor and many more. The fund already raised €40 million towards it’s €100 million target.

  • The fund aims to invest €100 million to early-stage tech startups across the Nordic region, with a core focus on AI-driven companies.

  • Over the next few years, it plans to invest in 25 to 30 startups, issuing initial tickets between €300,000 and €3 million, from pre-seed to Series A stages.

“Alliance Nordic III is not just our new fund, it’s also a continuation of our commitment to partner with founders from the Nordics to scale globally and shape the future. As AI transforms every industry and the Nordics step into the global spotlight, we’re here—to fuel, to support, and to build,” says the company. 

About Alliance VC

  • Alliance VC is a Nordic venture capital firm investing in early-stage tech companies and purpose-driven founders with global ambitions. Offices in Oslo, Stockholm and Helsinki.

  • Alliance VC backs companies across various industries, including technology, healthcare, and sustainability.

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https://en.ain.ua/2025/07/10/alliance-vc-raises-eur40m/