Dreamcraft Ventures, a venture capital fund that invests in European tech-driven companies from pre-seed to series A, has successfully closed a new fund of a whopping €66 million. The Copenhagen-headquartered company is popular for supporting early-stage startups in the Nordic and Baltic regions specifically.
The company has invested in startups like Hiber and Banking Circle. After receiving the new fund, Dreamcraft has revealed that it intends to invest in 16 more companies across Europe,
On consolidating the new fund, Carsten Salling, General Partner at Dreamcraft Ventures said, “We are thrilled to have the continued support and trust of our limited partners as we expand our investment and value-add approach – what we call venture engineering – from the Nordics to the European ecosystem.” Dreamcraft’s partners include Chr. Augustinus Fabrikker and various Family Offices.
Dreamcraft boasts of over 40 investments across Europe. According to the VC, the new fund aims to provide the necessary capital and resources to innovative startups, fostering growth and development in these burgeoning tech ecosystems.
“We believe that venture capital is a craft, not an art, and we are excited to support the most ambitious founders across Europe with our structured and reliable investment approach,” said Salling.
Dreamcraft’s Focus On The Nordic And Baltic Regions
The firm’s strategy is to identify and support startups with high growth potential, particularly those in the technology sector.
Commenting on the company’s motto of helping founders, Daniel Mariussen, Managing Partner at Dreamcraft Ventures said, “We work hand-in-hand with founders to build successful ventures and support them towards Series A, even with the nitty-gritty things. Founders can rely on us to provide the missing pieces needed to succeed at pre-seed and seed stages.”
The firm’s partners believe that the Nordic and Baltic regions are ripe with opportunities, thanks to a combination of strong educational institutions, a robust tech talent pool, and a supportive entrepreneurial ecosystem.
The Nordic and Baltic regions have emerged as vibrant hubs for innovation and entrepreneurship.
According to global data platform Dealroom, the Baltics region is an increasingly important player in the European startup ecosystem.
With a population of just over six million, Estonia, Latvia, and Lithuania have produced multiple successful startups, including TransferWise, Bolt, and Vinted.
Countries like Sweden, Finland, Denmark, and Norway have also produced a number of successful startups that have gained international recognition.
- Source: Dealroom.co
