New funds, deals and exits

While our team was on a holiday, there was a lot happening in the investment scene. Here you can read a summary of what has been going on:

Funds

• OpenOcean Fund 2020 3rd closing at €110m. The fund invests in European start-ups working with AI, data infrastructure, intelligent automation, and open-source software. It invests primarily at the Series A level with initial investments of €3m to €5m from OpenOcean. They are targeting a final closing of the fund after the summer holidays.
• As part of its strategy, P Capital Partners now launches PCP Transition Partner Fund (“PCP Transition”). The fund will finance companies with, or in transition to, sustainable business models, and those who enable such transition for other companies. In its first close, PCP Transition receives capital commitments of 550 million euro, and the fund-raising process will continue during the fall. You can read more from here.

Exits

• IPR.VC exits: SciPlay acquires Om Nom: Run developer Koukoi Games
• CapMan Growth Exits RealMachinery Oy. Read more from here. 
• Korona Invest exit: Yara Suomi Oy acquires Ecolan Oy. Read more (in Finnish).
• Wedecos double exit: Accountor acquires Pohjanmaan Ekonomitoimisto and Tietokauha. Read more (in Finnish).

Deals

• Private equity investor Sentica partners with premium ice cream manufacturer 3 Friends to accelerate growth in Northern Europe. Read more.
• From Lifeline Ventures portfolio: Spanish fintech that offers quick cash to SMEs gets £7.5M funding, plans UK rollout
• Startup Fund Joensuu is investing in Redkik to improve marine cargo insurance practices. Read more from here.
• Finland-based Boom Corp. raises $1.8M to make social games like Boom Slingers. Read more.
• Finnish Loupdeck raises €2M from Razer venture arm. Read more from here.
• Single.Earth to link carbon credits to crypto token market, raises $7.9M from EQT Ventures. Read more.
• Infinite Fiber Company raises €30M. Read more (in Finnish).
• Evolver invests in XPartners Group. Read more.