Partnerinvest new fund focuses on cleantech and impact investments in the north of Sweden

Image: Skellefteå kommun @skellefteakommun part of the region of Västerbotten where big industries have been established in the last years and even bigger investments are planned. Now, there is hope that there will be a boost to the growth of the startup ecosystem in the area as well.

Partnerinvest Norr, established in 2010, aims to accelerate growth among startups in the Norr- and Västerbotten regions - in the north part of Sweden. Supported by regional public actors and Tillväxtverket, the venture capital firm has invested in nearly 100 companies through its first two funds. Now, the firm is launching a third fund worth SEK 175 million over five years, targeting around 60 new startups for investment.

The new fund focuses on industries such as cleantech and technology. “We have previously invested in tech and life sciences. Now we are particularly looking for companies within industries like cleantech,” said Ingela Lidström, CEO of Partnerinvest Norr since 2016 in an interview in Impact Loop.

Additionally, the firm has become a fully owned subsidiary of Norrlandsfonden, which offers financial support to companies in northern Sweden. This year, the firm made its first investment from the new fund in Noah – Lokal Mat, a wholesaler and retailer of locally produced food.

Partnerinvest Norr typically starts with investments of one to two million SEK and is ready to increase to ten million SEK. To stay actively involved, the firm often acquires a board seat in its portfolio companies.

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