
Rite Ventures
Description
Rite Ventures is a prominent Stockholm-based venture capital firm specializing in growth-stage investments across the Nordic region, with a particular focus on Swedish and Finnish companies. The firm targets businesses within the IT-services, Software as a Service (SaaS), and e-commerce sectors, seeking out companies that demonstrate a proven business model and robust growth potential. As an active and long-term partner, Rite Ventures aims to be the largest external investor in its portfolio companies, providing strategic guidance, operational expertise, and access to a broad network to foster accelerated development.
The firm's investment strategy centers on taking significant minority stakes or even majority positions in promising enterprises. Rite Ventures typically deploys initial cheques ranging from SEK 20 million to SEK 100 million. This translates to an approximate investment range of $1.85 million to $9.25 million USD, based on recent exchange rates. They prioritize companies led by experienced management teams, ensuring that their capital injection is complemented by strong leadership capable of executing ambitious growth plans. Their approach emphasizes deep engagement, working closely with founders to navigate challenges and capitalize on market opportunities.
Rite Ventures boasts a strong track record of successful investments and exits, having supported numerous well-known Nordic tech companies. Their portfolio includes high-profile names such as Qred, Mentimeter, KRY, and NA-KD, showcasing their ability to identify and scale market leaders. This history underscores their commitment to value creation through active ownership and strategic support, positioning them as a key player in the Nordic venture capital landscape for technology-driven growth companies.
Investor Profile
Rite Ventures has backed more than 26 startups, with 1 new investments in the last 12 months alone. The firm has led 3 rounds, about 12% of its total and boasts 9 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Series Unknown, Seed, Post Ipo Equity rounds (top funding stages).
- Majority of deals are located in Sweden, Finland, United States.
- Strong thematic focus on E-Commerce, Retail, Software.
- Typical check size: $1.9M – $9.3M.
Stage Focus
- Series Unknown (85%)
- Seed (8%)
- Post Ipo Equity (4%)
- Post Ipo Secondary (4%)
Country Focus
- Sweden (62%)
- Finland (35%)
- United States (4%)
Industry Focus
- E-commerce
- Retail
- Software
- Information Technology
- Fashion
- Financial Services
- Food And Beverage
- Internet
- Sales
- Health Care
Frequently Asked Questions
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