Helsinki-based edtech specialist Sparkmind.vc has scored a €55m final close for its debut fundraise.
The firm is focused on supporting ambitious edtech founders, with entry points ranging from seed stage to Series B.
It supports businesses in a broad range of education pillars, from early childhood and K12 to corporate and lifelong learning.
The fund’s geographic focus is on Europe, but it said it has a mandate to invest in companies outside the region too.
AltAssets revealed in March last year that Sparkmind.vc had hit a €40m initial close for its maiden venture capital fund thanks to investors including fund of funds KRR, Finnish Industry Investment, OP Banking Group, Elo Mutual Pension Insurance Company, the University of Jyväskylä and the City of Espoo.
The firm has backed eight companies to date including Fuzu, Kide Science, CanopyLAB and Lexplore.
Sparkmind partner Kai Talas said, “We are seeing strong deal flow and favourably developing market.
“With the €55m fund, we are looking to invest in 20 to 25 companies while being able to comfortably lead investment rounds and support our portfolio companies also in their later financing rounds.”
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Source: https://www.altassets.net/private-equity-news/by-pe-sector/venturegrowth/edtech-investor-sparkmind-vc-hits-e55m-final-close-for-debut-fundraise.html
