Vendep Capital closes €80m Fund IV to back early-stage SaaS startups in the Nordics and Baltics
Vendep Capital has raised €80 million for its brand-new Fund IV. The fund has already reached its €80 million target.
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Vendep Capital is an Espoo-based B2B SaaS specialist VC operating in Nordics and Baltics. The firm focusing on early-stage B2B SaaS companies from pre-seed to Series A, with an emphasis on AI-driven products
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With Fund IV, Vendep Capital will invest in around 20 early-stage SaaS startups across the Nordics and Baltics. The initial ticket size ranges from €0.1 million to €3 million.
“SaaS companies consistently deliver predictable recurring revenues and industry-leading margins. And with AI, SaaS is entering its most exciting era yet. Nearly every meaningful AI product today is delivered and monetized as SaaS,” says Sami Ahvenniemi, Partner at Vendep Capital.
The fund was backed by existing investors, including Tesi, KRR, Sitra, Pension Insurance Company Elo, Saastamoinen Foundation, Gösta Serlachius Fine Arts Foundation and Teknologiateollisuus along with new institutional LPs as well as family offices.
Earlier that year, Vendep Capital invested in Finnish startup Inven. The company has closed an €11.2 million Series A round.
Read more: United Founders launched €80M pan-European fund to back AI and deeptech startups
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https://en.ain.ua/2025/11/17/vendep-capital-closes-eur80m-fund-iv/