Helsinki based VC maki.vc is set to reach the final closing of its second fund at €100 million aimed at investing in seed-stage startups across Europe.
The new fund’s first investments include UK-based Besimune (antigen discovery and vaccine design), Volare (foodtech), and PixiRay (adaptive glasses).
The starting ticket size for Maki.vc ranges from €250,000 to €3 million. The VC’s first €80M fund invested in sustainable textile fiber maker Spinnova, quantum computing team IQM, and Oatly’s partner for carbon labeling, CarbonCloud.
In a statement, Ilka Kivimaki, founding partner of Maki.VC, said: “Within a deep technology and brand-driven focus, we have no industry or geographic restrictions, but instead we tirelessly seek out founders with the most advanced technologies. And their ability to take on the world’s biggest challenges in ways common to the most attractive brands, unconventional.”
Kiwimaki said in an interview with Nerdshala: “We already have 77 investments in the new fund. So get up and run and hit the ground running.”
Has there been a change in strategy?
“Really, very few,” he said. “We were already talking about the sustainability aspect. I think it’s going to go for many more new materials, new processes, including all the food tech stuff. And we’re certainly not running away from hardware and complicated things. We were early investors in IQM which is a quantum computer. We were the only venture investor in a company called Spinnova which is making yarn from wood fibers.
The new fund is backed by 70+ LPs, including former entrepreneurs and corporate executives, including Wise co-founder Tavet Hinrikus and Teleport co-founder Stan Tamkiwi, Supercell co-founder and CEO Ilka Pananen, Vault co-founder Oskari Petas and Mika Matikainen. Timo, chairman of the Small Giant Games board
Soininen, Chairman of the Board at Ensto Marjo Miettinen and Seriously CEO and Co-Founder Petri Jarvillehto.