What happened
Vendep Capital, a Finnish venture capital firm, has raised â¬80 million for its fourth fund. The fund will invest in early-stage B2B SaaS startups in the Nordics and Baltics, focusing on AI-first products. Vendep plans to support around 20 startups with initial investments ranging from â¬0.1 million to â¬3 million.
Why it matters
- The fund targets the growing AI-driven SaaS market in Northern Europe.
- Vendepâs investments aim to help startups scale globally with follow-on funding.
- The Nordics and Baltics are seen as a strong environment for building category-defining software companies.
Key facts
- 1. Vendep Capital raised â¬80 million for its fourth fund in November 2025.
- 2. The fund will invest in approximately 20 early-stage SaaS startups across the Nordics and Baltics.
- 3. Initial investment tickets range from â¬0.1 million to â¬3 million, covering pre-seed to Series A stages.
