Picture credit: Unconventional Ventures
Copenhagen-based Unconventional Ventures (UV), impact-focused enterprise capital, on Tuesday, introduced the second shut of its €30M fund.
Restricted Companions (LPs) which have invested within the fund embody:
- European enterprise capital agency,
- Atomico, Export and Funding Fund of Denmark (EIFO),
- Investinor, an evergreen funding firm (funded by the Norwegian authorities and a Danish funding agency)
- Chr. Augustinus Fabrikker.
The second shut welcomes new restricted companions, together with The Case for Her, a Stockholm-based agency specialising in investments in ladies’s well being points.
Since its first shut, the VC has invested in 9 affect know-how corporations.
The most recent fund shut will enable Unconventional Ventures to proceed its pre-seed and seed investments within the sector throughout Europe, particularly specializing in local weather, well being, training, and inclusive fintech.
Thea Messel, Founder and Normal Companion at UV, says, “For the reason that preliminary shut, we’ve proudly invested in 9 impactful corporations fixing a number of the largest challenges for folks and the planet. From the start, our unwavering perception has been that the fusion of variety and sustainability represents essentially the most vital funding alternative. With this fund, we now have the monetary energy to help additional the outstanding founders we’ve encountered. They’re the visionaries behind corporations devoted to forging a brighter future for all of us.”
Unconventional Ventures: Investing in underrepresented founders
Based in Denmark in 2018, Unconventional Ventures is run by Normal Companions Thea Messel and Nora Bavey.
UV is a pioneering funding fund in Europe that helps impact-technology founders figuring out as ladies, folks of color, immigrants, and LGTBQ+.
Since 2019, it has been creating funding automobiles to assist these entrepreneurs entry funding.
In early 2021, the agency launched a brand new digital European accelerator program to help various founders.
The affect VC’s portfolio corporations characterize varied sectors of the affect know-how area, together with London-based local weather danger knowledge supplier Local weather X, Sweden-born edtech firm SciFree, and the Norwegian ocean-tech startup Ocean Oasis.
Nora Bavey, co-founder and Normal Companion at UV says, “Celebrating our second shut, we’re on cloud 9 with 9 investments in a 12 months – a testomony to our unwavering dedication to figuring out and fueling innovation. With every funding, we’re not simply shaping the longer term; we’re actively constructing it. We’re thrilled to showcase our spectacular roster of traders, starting from revered institutional gamers to globally famend VC corporations and esteemed household workplaces. Their belief in us empowers our mission to champion the trailblazers of the affect know-how sector.”
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