

Joy Laoun
News Editor, Vestbee

The fund’s LPs include the European Investment Fund (EIF) and CDP Venture Capital Sgr.

The fresh 55 North fund received backing from Novo Holdings, EIFO, Vsquared Ventures, Cambium Capital, and strategic support from key industry partners.

The new fund saw support from banks, development finance institutions, pension funds, insurance companies, and family offices.

The pre-seed funding round was led by Superhero Capital.

The seed round was led by Finnish venture capital firm OpenOcean.

The $1.3 million funding round was led by Fuel Ventures, with participation from Heartfelt and Startup Wise Guys.