Upfin, a venture capital firm that is aiming to support the Nordic FinTech community, has bagged €30m to back early-stage startups across the region.
According to Finextra, Upfin is backed by a sovereign wealth fund, a pension fund and a financial services union with the aim of investing in 15 to 20 FinTech businesses.
The company claims that there is room to bring on additional investors for a further second close.
To support the company’s search for FinTechs, Upfin has formed a partnership with Copenhagen FinTech – a non-profit – which has a massive network of corporate and VC partners in the region.
Upfin managing partner Johan Lorenzen said, “As specialists, we have built sector-specific expertise and network at a level which doesn’t make sense for either a founder or a generalist investor to do, positioning us as the ideal partner for both.”
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