
NordicNinja VC
Description
NordicNinja VC is a prominent European venture capital firm, uniquely positioned as the largest Japan-backed VC fund in the region. Launched in 2019, the firm established its initial fund, NordicNinja VC I, with a substantial €101 million (approximately $109 million) to invest in promising startups across Northern Europe. Headquartered in London, with a strong presence in the Nordic and Baltic tech ecosystems, NordicNinja leverages its strategic ties to Japan to offer portfolio companies not only capital but also access to Asian markets and expertise.
The firm primarily targets B2B deep technology, SaaS, and sustainability-focused companies, identifying ventures with strong intellectual property and significant growth potential. NordicNinja typically engages in Series A and Series B funding rounds, aiming to support companies ready for scaling. Their initial investment cheques generally range from €1 million to €10 million (approximately $1.08 million to $10.8 million), demonstrating a capacity to lead or co-lead significant early-growth rounds. Beyond capital, NordicNinja emphasizes providing hands-on support, leveraging its network and operational experience to help founders navigate expansion challenges.
Building on the success of its first fund, NordicNinja VC closed its second fund, NordicNinja VC II, at an impressive €250 million (approximately $270 million) in 2023. This significant increase in capital allows the firm to make larger initial investments and provide more substantial follow-on funding, up to €20 million, enabling portfolio companies to accelerate their global ambitions. With its deep roots in the Nordic and Baltic regions and its unique bridge to Japan, NordicNinja VC continues to be a key player in fostering innovation and scaling disruptive technologies from Northern Europe onto the global stage.
Investor Profile
NordicNinja VC has backed more than 34 startups, with 4 new investments in the last 12 months alone. The firm has led 18 rounds, about 53% of its total and boasts 0 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Series A, Series B, Seed rounds (top funding stages).
- Majority of deals are located in Sweden, Finland, Estonia.
- Strong thematic focus on Artificial Intelligence (AI), Information Technology, Electric Vehicle.
- Led 4 rounds in the past year.
- Typical check size: $1.1M – $10.8M.
Stage Focus
- Series A (35%)
- Series B (26%)
- Seed (15%)
- Series Unknown (9%)
- Series C (9%)
- Convertible Note (3%)
- Series D (3%)
Country Focus
- Sweden (35%)
- Finland (21%)
- Estonia (15%)
- United States (9%)
- United Kingdom (6%)
- Lithuania (6%)
- Germany (6%)
- The Netherlands (3%)
Industry Focus
- Artificial Intelligence (Ai)
- Information Technology
- Electric Vehicle
- Transportation
- Apps
- Logistics
- Software
- Virtual Reality
- Saas
- Augmented Reality
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