Launching Alliance Venture Delta
Today we launch Alliance Venture Delta, our latest fund, as well as our expansion into Sweden.
We are very happy and proud to be able to close a sizable early-stage venture fund in the midst of the COVID-19 outbreak. This will enable us to invest in a very challenging time for the startup ecosystem. And though this post is written while most of us are still in lock-down it is our firm belief that we as a society will fight through these difficult times. We will look back at this as an inflection point that opened up opportunities to do things differently and made room for new ideas in many industries.
Opening our third office
Opening our third office in Stockholm, besides Oslo and Palo Alto, is a natural evolution as we seek to be more active across the Nordics with the new fund. Anders Hallin, who was an advisor to our previous fund, now joins as Partner to head up the Stockholm office. Anders Hallin brings 20 years of entrepreneurial experience as a founder, executive and angel investor in companies such as Skype, Kry, Saltside, Telenor and others.
Purpose-driven companies outperform the market
The new fund, Alliance Venture Delta, will build on the existing strategy and track-record of Alliance Venture, centered around investing in the most ambitious founders and startups in the digital space. We have a long track record of investing in companies on a mission to change the world for the better, and we see sustainability in the broad sense as an enabler for long term value creation and a catalyst for consistent compounding growth. Investing in unsustainable businesses will more likely be sunset market opportunities failing to deliver long horizons for growth.
We see that purpose-driven companies outperform the market and with small home markets like the Nordics, we will actively seek out exceptional founders that have the potential to succeed globally. We believe that investing in companies that have a positive impact on the world is the way forward.
Backed by strong investors
First close of the new fund is 600 MNOK and the cornerstone investors in the fund are the European Investment Fund, Saminvest, Nysnø Climate Investments and KLP. More than 20 experienced tech founders and executives, including portfolio founder/CEOs Karl Munthe-Kaas of Kolonial.no, Patrik Berglund of Xeneta and Magnus Hillestad of Sanity.io, have also invested in the fund. We are particularly grateful to our investors, who have shown great trust in us, as well as the ability and willingness to commit new capital to grow a better future in a tough market. It also shows great confidence in the long-term development of the Nordic startup ecosystem. Even during these challenging times, the Nordic startup ecosystem looks stronger than ever and we will continue to support founders every step of the way!
Alliance Venture Delta is proud to be backed by:
Supported by InnovFin Equity, with the financial backing of the European Union under Horizon 2020 Financial Instrument and the European Fund for Strategic Investments (EFSI) set up under the Investment Plan for Europe. The purpose of EFSI is to help support financing and implementing productive investments in the European Union and to ensure increased access to financing.
