Venture Capital: Finland’s NordicNinja VC Launches US$214M Climate Fund

The cornerstone investor in this fund is Japan Bank of International Cooperation (JBIC), a Japanese public financial institution.

Helsinki-based venture capital firm NordicNinja has launched its second fund, totaling €200 million (US $214 million), with substantial backing from Japanese investors. The Japan Bank of International Cooperation (JBIC) is the cornerstone investor for NordicNinja Fund II, with additional support from European investors BaltCap and Swedbank pension funds, along with existing Japanese investors Honda and Omron.

NordicNinja focuses on climate tech, deeptech, and digital society, aiming to address climate change and sustainability. The firm’s Managing Partner, Tomosaku Sohara, said the shared interests between Japan and Europe in innovation and environmental responsibility positioned NordicNinja as a bridge between these two regions. (Silicon Canals)

Founded in 2019, NordicNinja collaborates with JBIC IG Partners and BaltCap, investing in startups that combine European innovation with Japanese interests. The firm’s management team boasts significant expertise in technology and sustainability.

NordicNinja’s mission is to connect global leaders in sustainability from Northern Europe with Japan’s networks of investors and companies. They plan to expand their operations to the UK, Ireland, and the BeNeLux countries while reinforcing their presence in the Nordics and Baltics.

Fund II follows Fund I’s successful investments in companies like Bolt, Einride, and Voi, resulting in the emergence of three unicorns. Sustainability and environmental considerations are central to NordicNinja’s investment decisions, aiming to support early-stage founders driving positive change. Marek Kiisa, Managing Partner at NordicNinja, stresses the urgency of addressing climate change and applauds their portfolio companies’ efforts to develop innovative solutions.

In Fund II, NordicNinja will continue its mission of fostering positive change through strategic investments in startups focused on sustainability and digital innovation.

Related Story:  Investors Including CBA Pour $220M Into Australian Climate Investment Firm Wollemi Capital

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