Baltic, Funds, Good for Business, Investments
International Internet Magazine. Baltic States news & analytics
Friday, 19.04.2024, 17:22
BaltCap setting up EUR 100 mln fund for investments in Baltic, Nordic region
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JB Nordic Ventures,
a 50/50 joint venture between BaltCap and
JBIC IG Partners, will focus "on
early stage investments into ICT/deep tech sectors, including autonomous
mobility, digital health, AR/VR/MR, artificial intelligence, robotics and
IoT," the Baltic company said in a press release on Wednesday.
"The fund investors will include large Japanese
technology corporations like Honda, Omron
and others." it said. "The fund will utilize global network in
Tallinn, Stockholm, Helsinki and Tokyo and plans to start operating in the
first quarter of 2019".
BaltCap says it
has already invested in more than 70 Baltic-based companies. Its portfolio
companies posted 615 mln euros in combined annual revenue last year.
JBIC IG Partners is a fund management firm established by
Industrial Growth Platform, an investment company founded by Japan Bank for
International Cooperation (JBIC) and 19 privately-owned firms.
«The Baltic Course» Is Sold and Stays in Business!
