NVP secure M€ 115 for new investments

Nordic Venture Partners now has an additional €115 million available for ICT companies in the Nordic.

Nordic Venture Partners, the leading pan-Nordic venture capital firm, is pleased to announce a successful €115 million first closing of a new venture fund: NVP II, completed by a syndicate of Nordic and international institutional investors. A second closing of the fund is expected in 2005. The fund will finance companies seeking seed through pre-IPO stage funding in the ICT sectors, including: communications, enterprise software and Internet infrastructure and primarily in the Nordic countries. Nordic Venture Partners has offices in Copenhagen, Stockholm and Helsinki.

Nordic Venture Partners invest in companies with the potential for international expansion. Nordic Venture Partners adds significant value through active participation in the strategic and operational development of its portfolio companies. Nordic Venture Partners emphasizes the importance of strong management, good market understanding and the innovativeness of the business idea as critical success factors for its portfolio companies.

Nordic Venture Partners has been an active investor since its inception in 2000 and the combined funds under management are €330 million. Nordic Venture Partners has invested in 22 portfolio companies, to date. Previous investments include: Appium, Essnet, Operax, Terraplay and Trustweaver.