Dreamcraft Ventures, a Copenhagen-based venture capital manager, reached its target of €55 million for Fund II and thus took another step towards becoming one of the Nordic region’s most value-creating VC investors.
With its second fund, Dreamcraft will invest in 25 companies at pre-seed and seed stages with a preference for being lead or co-lead investor for companies serving The Nordic and/or German markets with B2B software for functions (finance, sales, marketing, operations, supply chain, people, engineering, data and sustainability) and/or industries (financial services, gaming, tech, sports, media, travel, transportation and energy) where its team has experience and network.
For founders of such companies, Dreamcraft’s value proposition is to be the strongest value-add partner in the market, significantly increasing their chances of closing a series A round. To build its value-add service, Dreamcraft has attracted one of the strongest profiles in the Nordics to build and lead its Platform team, Nico Blier-Silvestri, a former P&C leader at Unity (DK), Trustpilot (DK), Peakon (DK) and Revolut (UK), and former founder of a PeopleTech startup. They start with what they consider the most critical function, People & Culture.
“I want to build the offering I was missing when I was a founder and the support I would have liked to receive from our investors when I was an operator,” said Nico Blier-Silvestri, Platform Partner.
While Dreamcraft Fund I was raised during a six-month period, the second fund took almost three times as long. The fund reached its target, by extending the fundraising timeline and the team has explored all the possibilities of capital sources that exist.
According to Daniel Mariussen, Managing Partner, some exciting opportunities have appeared as the tech giants have started to cut.
“We are in a time where many of the big tech companies are tightening their belts. It is a big number of commercial and technological profiles that are being thrown back into the market, so we are experiencing a flow back into the founder market of people with really cool and transformative ideas,” commented Daniel Mariussen.
Dreamcraft has already started investing from its Fund II and has made six promising investments in the last nine months i.e. Humani (DK), Tilta (DE), NeoKe (NL), Rig.dev (DK) and yet to be announced. All are early-stage B2B companies based in Northern Europe.
Dreamcraft’s Fond II is also backed by some of the strongest angels and founders in the Nordic startup ecosystem like Bodie Jahn-Mulliner, Co-founder of SYBO, acquired by Miniclip; Mads Fosselius, Co-founder & CEO of Dixa; and Ulrik Bo Larsen, Founder of Falcon, acquired by Cision.
Dreamcraft Ventures was founded in 2019 by Jesper Søgaard and Christian Kirk Rasmussen, co-founders and respectively CEO and COO of Better Collective A/S, which is one of the world’s leading digital sports media groups.
Read the orginal article: https://www.eu-startups.com/2023/09/dreamcraft-ventures-fund-ii-reaches-e55-million-target-to-keep-betting-on-early-stage-b2b-across-northern-europe/
