FinestLove VC has launched a 10 million euro fund to support high school and university student startups in the Finest Bay Area, aiming to nurture the next generation of founders. Led by General Partners Peter Vesterbacka and Kustaa Valtonen, the fund plans to launch 100 funds totalling €1 billion. Initial investments will range from €25,000 to €50,000 per startup, with follow-on investments for top performers. Portfolio companies will receive performance and mental coaching. The focus on the Finest Bay Area aims to tap into its rich ecosystem and bolster its position as a global center for technology and innovation.
The fund not only supports student entrepreneurs but also aims to attract new talent to the region, fostering a competitive environment on a global scale. By addressing the early-stage funding gap for both local and international high school and university students, FinestLove VC hopes to enable these young innovators to start impactful companies and contribute to positive change while still studying.
The fund’s first €10 million fund is the initial step in a larger plan to launch 100 funds of similar size, totaling €1 billion. This strategy not only provides substantial financial support but also creates opportunities to train a new generation of venture capital managers. With the first investments expected to be announced soon, the fund is poised to make a significant impact on the startup landscape of the Happiest Region in the World.
FinestLove VC is spearheaded by General Partners Peter Vesterbacka and Kustaa Valtonen, both of whom bring extensive experience in investing and developing early-stage companies. Peter Vesterbacka, known for his pivotal role in the success of Angry Birds, and Kustaa Valtonen, a seasoned entrepreneur and investor, are committed to leveraging their expertise to support and guide passionate founders.
FinestLove VC’s investment strategy centers around identifying and supporting founders who not only have groundbreaking ideas but also possess a deep love and dedication for their work. The fund aims to invest in startups at the pre-seed or seed stage, providing the crucial early-stage capital needed to fuel growth and innovation.
“We believe that the most successful companies are built by founders who are truly love what they do. Our mission is to find and support these driven individuals in the Finest Bay Area, helping them to realize their full potential and make a significant impact,” said Peter Vesterbacka, General Partner at FinestLove VC.
The Finest Bay Area is already a world leader when it comes to creating startups, unicorns and attracting venture capital per capita. The region encompassing Finland, Sweden, Estonia, Norway, Denmark, Iceland, Latvia, Lithuania and Farö, is a burgeoning hub of technological innovation and entrepreneurial talent. One of the key strengths of FinestLove VC is its access to the best talent in the region, providing an unparalleled network of resources and support for emerging startups. By focusing on this area, FinestLove VC aims to tap into the rich ecosystem of startups and support the region’s growth as a global center for technology and innovation.
FinestLove VC is particularly keen on investing in the young and young at heart talent. The fund recognizes that innovation knows no age and is eager to support dynamic individuals who bring fresh perspectives and boundless energy to their entrepreneurial endeavors.
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Read the orginal article: https://arcticstartup.com/finestlove-vc-announces-e10m-vc-fund/
