Almi, the most active Swedish early-stage investor, announced on Monday that it has raised approximately SEK 1.6B (approximately €140M) for its third fund generation, which will be used for investments from 2024 to 2029.
Since its investment, the Stockholm-based investor has invested in almost a thousand companies with over six hundred exits and will invest in around 300 companies in the coming years.
“It feels very good that Almi Invest can continue to offer venture capital throughout Sweden. Our customers’ need for risk capital is great, and it will likely continue to increase. Our regional presence is an important key to our success,” says Joachim Karlsson, CEO of Almi Invest.
Almi Invest: Active investor in early-stage startups
Almi Invest is a venture capital firm based in Sweden that is renowned for its active role in funding startups.
The firm invests in startups throughout the country via eight regional venture capital companies and one national venture capital company focused on GreenTech.
“Our purpose is to stimulate increased growth. Through Almi Invest’s 15 years of experience in early-stage investments and our large investor network, our portfolio companies are given good opportunities to continue their growth journey,” concludes Joachim Karlsson.
Almi Invest invests in growth companies such as Tobii, Once Upon, MIPS, Lumen Radio, i-Tech, Limes Audio, Simplygon, and Neo4J.
According to a survey of the portfolio companies, Almi Invest is highly regarded by its investees. Around 92 percent of the portfolio companies expressed great confidence in Almi Invest.
Additionally, 77 per cent of the surveyed companies would recommend Almi Invest to other companies looking for investors.
The firm’s best holdings have been acquired by major companies such as Google, Microsoft, Qlik, and Apple or have been listed on various stock exchanges.
Almi Invest is part of the Almi Group and is partly financed by the EU structural funds.
Eligibility
The loans offered by Almi are specifically aimed at companies in all industries with a maximum of 250 employees.
The primary requirement is that the borrower is unable to obtain the necessary financing from other sources, such as banks, and requires additional funding.
To avoid competing with banks and to account for the higher risk, Almi charges interest rates that are higher than the average bank interest rates.
These loans are also available to foreign citizens who run companies registered in Sweden, provided they have a residence permit, are EU/EEA citizens with a right of residence, or are Nordic citizens.
Read the orginal article: https://siliconcanals.com/news/startups/swedish-almi-raises-new-140m-fund/
