Maki.vc, a Helsinki-based venture capital firm, has launched its third fund with a total of €100 million aimed at supporting early-stage startups in the deep tech and consumer sectors across the Nordics and Northern Europe.

The fund is backed by over 50 limited partners, including prominent figures from successful companies like Skype, Wise, and Supercell, who bring valuable experience in scaling tech businesses.

Founded in 2018, Maki.vc typically invests between €300,000 and €3 million in pre-seed or seed-stage startups, focusing on those with scientific innovation and strong intellectual property.

Maki.vc has previously supported a range of companies, including IQM, Onego Bio, Strise, and Enfuce, showcasing its commitment to fostering innovation in various sectors.

So far, the new fund has made seven investments, including Distance Technologies, QMill, and Ever Cars, with initial investment amounts ranging from €300,000 to €3 million.

This fund is classified as an Article 8 fund, which emphasizes investments aligned with environmental and social objectives, and has already made significant contributions to startups in these areas.

Approximately two-thirds of Maki.vc's fund is reserved for follow-on investments, ensuring ongoing support for the growth of its portfolio companies.

Maki.vc provides its portfolio startups with access to a global network of advisors who offer hands-on support in critical areas such as recruiting and branding.

The firm's previous funds have successfully backed notable companies like Spinnova, which went public in 2021, and others that have seen significant exits, including Ultimate and Revela.

Maki.vc's partner Pauliina Martikainen-Rahnu highlights the Nordic region as a unique ecosystem for startup funding, combining R&D, industry collaboration, and deep tech expertise.

The firm is led by partners Ilkka Kivimäki, Pauliina Martikainen-Rahnu, Pirkka Palomäki, and Paavo Räisänen, who focus on identifying and nurturing innovative startups.

Maki aims to strategically support startups through their growth phases, making informed decisions about when to exit investments.