Lifeline Raises €400 Million for Major Europe Tech Startup Fund

Lifeline Ventures raised €400 million ($470 million) to create Finland’s biggest fund investing in European technology startups, building on its track record of identifying unicorns.

Among the investors in the fund, Lifeline’s sixth, are Grove Street Advisors LLC and Finnish pension groups Varma and Elo, it said on Tuesday. Nordea Bank Abp’s Finnish life insurance arm and the government’s industrial investment unit Tesi also joined.

Timo Ahopelto

Source: Lifeline Ventures

Lifeline’s previous five funds raised just under €390 million combined, and this time it put together a much larger pot to ensure it can help scale up companies that become category leaders instead of ...