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Investment , FinTech StartUps , Technical 12:05 pm
The global early-stage venture capital firm Antler has closed their first Nordic fund. Following strong interest, Antler’s Nordic fund was oversubscribed, closing at $36m, including participation from Draper Esprit, Kistefos, the Danish state fund Vækstfonden, and the Norwegian state fund Investinor.
Antler, which launched in 2017 in Singapore, invests in exceptional people building the defining companies of tomorrow. The Antler Nordic fund will continue to invest in innovative startups in Sweden, Norway and Denmark, with strong and complementary co-founding teams, validated business models and global potential. Antler also recently announced that its investment strategy in Denmark would focus on backing green, sustainable companies.
Swedish open insurance platform Insurely said it ha
s raised 2.5 million euros in a funding round led by local venture capital firm Luminar Ventures to support its continued growth by recruiting new talent and expanding operations to more markets in Europe.
Insurely says its mission is to digitize the insurance market in Sweden and beyond by introducing innovative API’s and easy-to-use solutions for Open Insurance. With Insurely’s solutions, companies can create effective services for switching insurance contracts, as well as enabling insurance in their personal finance management apps and more.
“With Open Insurance taking off, I expect us to grow our business by as much as five times this year alone. We´re also looking to double our team with new recruits,” said