No Result
View All Result
  • Private Data
  • Membership options
  • Login
  • COUNTRY
    • ITALY
    • IBERIA
    • FRANCE
    • UK&IRELAND
    • BENELUX
    • DACH
    • SCANDINAVIA&BALTICS
  • PRIVATE EQUITY
  • VENTURE CAPITAL
  • PRIVATE DEBT
  • DISTRESSED ASSETS
  • REAL ESTATE
  • FINTECH
  • GREEN
  • PREMIUM
    • ItaHubHOT
      • ItaHub Legal
      • ItaHub Tax
      • ItaHub Trend
    • REPORT
    • INSIGHT VIEW
    • Private Data
Subscribe
  • COUNTRY
    • ITALY
    • IBERIA
    • FRANCE
    • UK&IRELAND
    • BENELUX
    • DACH
    • SCANDINAVIA&BALTICS
  • PRIVATE EQUITY
  • VENTURE CAPITAL
  • PRIVATE DEBT
  • DISTRESSED ASSETS
  • REAL ESTATE
  • FINTECH
  • GREEN
  • PREMIUM
    • ItaHubHOT
      • ItaHub Legal
      • ItaHub Tax
      • ItaHub Trend
    • REPORT
    • INSIGHT VIEW
    • Private Data
Home PRIVATE EQUITY

Superhero Capital launches 4th fund to invest in technology startups in Finland and the Baltics

EU Startupsby EU Startups
January 8, 2025
Reading Time: 3 mins read
in PRIVATE EQUITY, SCANDINAVIA&BALTICS, VENTURE CAPITAL
Share on FacebookShare on Twitter

Superhero Capital, a Helsinki-based venture capital firm dedicated to investing in early-stage software startups across Finland and the Baltics, has announced the launch of its fourth fund with a target of €50 million.

“Our goal with this fund is simple: empower visionary founders at the earliest stages who have what it takes to create meaningful change,” said Jakob Storå, co-founder of Superhero Capital.

Limited Partners in the new fund include Elo Mutual Pension Insurance Company and the Finnish state-owned venture capital and private equity company Tesi.

“The internationalisation of Finland’s venture capital and private equity market and its players is important to Tesi. Superhero Capital has successfully internationalized and excelled in profitable business operations. We are pleased that Finnish software companies will continue to find growth opportunities in the capable hands of Superhero Capital,” explains Enni Rautio, Interim Director of Tesi’s Fund Investments team, Tesi’s commitment.

Since its founding in 2015, Superhero Capital has backed multiple tech founders in Finland and the Baltics, focusing on early-stage innovations through investments of up to €1 million.

The new fund launch is accompanied by a strategic expansion into Lithuania, where two venture capitalists, Gytenis Galkis and Audrius Milukas, join as partners. This addition extends their footprint  across Finland, Estonia, Latvia, and Lithuania. The firm continues to leverage the expertise of venture partners Ivo Remmelg in Estonia and Ernests Satls in Latvia.

“Our growth in Lithuania marks a significant milestone for Superhero Capital,” said Gytenis Galkis. “We’re excited to bring our local knowledge and experience to the table, collaborating with innovative entrepreneurs and strengthening the region’s position on the global startup map.”

According to Superhero Capital, their approach to investments focus on two core questions:

  • Why are you one of the best teams globally?
  • Why is now the best time for this startup?

“At Superhero, we believe that truly transformative companies begin with founders who see the world differently and have the talent to turn vision into reality,” says Juha Ruohonen, General Partner at Superhero. “Our mission is to empower these entrepreneurial superheroes who have the courage to improve ordinary life.”

The first investment of the new fund was directed to CyberUpgrade, a Lithuanian cybersecurity startup focused on fortifying digital security for organisations across Europe and the USA. CyberUpgrade’s €2.5 million seed funding round was led by Superhero Capital.

Additionally, Superhero Capital co-led Behavix’s recent €1.6 million funding round. Behavix leverages AI-driven tools to transform online behavioral data into actionable insights.

With over 40 active portfolio companies and more than 150 supported founders, this new fund continues Superhero Capital’s nearly 10 year mission to support early-stage innovation across the Baltic region.

Read the orginal article: https://www.eu-startups.com/2025/01/superhero-capital-launches-4th-fund-to-invest-in-technology-startups-in-finland-and-the-baltics/

Gateways to Italy

Gateways to Italy – Offer your services to funds and investors willing to explore opportunities in Italy. Become a partner!

Gateways to Italy – Offer your services to funds and investors willing to explore opportunities in Italy. Become a partner!

by Partner
June 6, 2023

Sign up to our newsletter

SIGN UP

Related Posts

PRIVATE DEBT

VodafoneThree merger could whet the appetite for more consolidation in Europe

June 6, 2025
DACH

Danish TODAY targets advisor efficiency with €1M in early funding

June 6, 2025
DACH

Startup-focused publication Trending Topics acquired by Vienna-based AI company newsrooms.ai

June 6, 2025

ItaHub

Crypto-assets supervision rules in Italy, Banca d’Italia will supervise payment systems and Consob on market abuse

Crypto-assets supervision rules in Italy, Banca d’Italia will supervise payment systems and Consob on market abuse

November 4, 2024
Italy’s SMEs export toward 260 bn euros in 2025

Italy’s SMEs export toward 260 bn euros in 2025

September 9, 2024
With two months to go before the NPL Directive, in Italy the securitization rebus is still to be unraveled

With two months to go before the NPL Directive, in Italy the securitization rebus is still to be unraveled

April 23, 2024
EU’s AI Act, like previous rules on technology,  looks more defensive than investment-oriented

EU’s AI Act, like previous rules on technology, looks more defensive than investment-oriented

January 9, 2024

Co-sponsor

Premium

Funds vying for management consulting firm BIP, a CVC portfolio company. All deals in the sector

Funds vying for management consulting firm BIP, a CVC portfolio company. All deals in the sector

March 6, 2025
Private equity, Italy 2024 closes with 588 deals as for investments and divestments from 549 in 2023. Here is the new BeBeez’s report

Private equity, Italy 2024 closes with 588 deals as for investments and divestments from 549 in 2023. Here is the new BeBeez’s report

February 10, 2025
Crypto-assets supervision rules in Italy, Banca d’Italia will supervise payment systems and Consob on market abuse

Crypto-assets supervision rules in Italy, Banca d’Italia will supervise payment systems and Consob on market abuse

November 4, 2024
Venture capital investments top €1.3bn in 208 rounds as of Sep30  in Italy. They were €1.5 in all 2023. The new BeBeez Report

Venture capital investments top €1.3bn in 208 rounds as of Sep30 in Italy. They were €1.5 in all 2023. The new BeBeez Report

October 28, 2024
Next Post

Cybersecurity startup SignPath secures €5 million from TIN Capital to strengthen software supply chains

Nomupay raises €35.9 million to expand unified payments access in Asia market

EdiBeez srl

C.so Italia 22 - 20122 - Milano
C.F. | P.IVA 09375120962
Aut. Trib. Milano n. 102
del 3 aprile 2013

COUNTRY

Italy
Iberia
France
UK&Ireland
Benelux
DACH
Scandinavia&Baltics

CATEGORY

Private Equity
Venture Capital
Private Debt
Distressed Assets
Real Estate
Fintech
Green

PREMIUM

ItaHUB
Legal
Tax
Trend
Report
Insight view

WHO WE ARE

About Us
Media Partnerships
Contact

INFORMATION

Privacy Policy
Terms&Conditions
Cookie Police

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • COUNTRY
    • ITALY
    • IBERIA
    • FRANCE
    • UK&IRELAND
    • BENELUX
    • DACH
    • SCANDINAVIA&BALTICS
  • PRIVATE EQUITY
  • VENTURE CAPITAL
  • PRIVATE DEBT
  • DISTRESSED ASSETS
  • REAL ESTATE
  • FINTECH
  • GREEN
  • PREMIUM
    • ItaHub
      • ItaHub Legal
      • ItaHub Tax
      • ItaHub Trend
    • REPORT
    • INSIGHT VIEW
    • Private Data
Subscribe
  • Login
  • Cart