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Sörmlandsfonden AB is a regional venture capital fund established around 2013 in Södermanland, Sweden. The fund is owned by Sörmlands Sparbank, Sparbanken Mälardalen, and Länsförsäkringar Södermanland. It focuses on providing capital and support to growth companies in the region, aiming to foster local entrepreneurship and innovation. Celebrating its 10-year anniversary in 2023, Sörmlandsfonden has evolved into a significant player in the local investment landscape.
The fund manages approximately 15 million SEK (around $1.4 million USD) in investable capital, which is leveraged to about 300 million SEK (approximately $28 million USD) through co-investors. Sörmlandsfonden has channeled over 400 million SEK into its portfolio of 24 companies, demonstrating its commitment to supporting local businesses. The organization operates from Södermanland and has a unique model that combines its own capital with an active network of around 40 business angels, enhancing investment outcomes and fostering growth.
Sörmlandsfonden AB invests primarily in growth equity, targeting unlisted companies with significant development potential in Södermanland, Sweden. The fund's investment strategy encompasses various sectors, including agtech, technology, and consumer goods. Sörmlandsfonden provides expansion capital to businesses that demonstrate innovation and sustainability, contributing positively to the local economy and community.
The typical check size ranges from 1 to 5 million SEK (approximately $95,000 to $475,000 USD), allowing the fund to support a diverse array of startups. Sörmlandsfonden actively assists portfolio companies with business development post-investment, ensuring that they have the necessary resources and guidance to thrive. The organization emphasizes collaboration with local entrepreneurs and innovative startups, reinforcing its commitment to regional development.
Sörmlandsfonden AB has a diverse portfolio of 24 companies, showcasing its investment in various sectors. Notable portfolio companies include:
This portfolio reflects Sörmlandsfonden's commitment to supporting innovative and sustainable businesses that contribute to the local economy.
To pitch to Sörmlandsfonden AB, founders should visit their website and submit their proposals through the designated channel. It is advisable to include a comprehensive business plan, financial projections, and details about the team and market opportunity in the pitch deck. Sörmlandsfonden typically reviews submissions promptly, but response times may vary based on the volume of applications.
Warm introductions are preferred, especially from within their network of business angels or existing portfolio companies, as this can enhance the likelihood of a favorable review.
Sörmlandsfonden AB has been actively supporting local growth companies, with a focus on innovation and sustainability. In 2023, the fund celebrated its 10-year anniversary, marking a decade of contributions to the regional economy. The organization has also joined the Sweden Startup Nation initiative, further solidifying its commitment to fostering local entrepreneurship.
Recently, Luvly AB secured SEK 6.9 million from Sörmlandsfonden, highlighting the fund's ongoing engagement in the startup ecosystem. The fund has made its first exits, demonstrating successful investment outcomes and a commitment to supporting its portfolio companies.
What are Sörmlandsfonden's investment criteria?
Sörmlandsfonden focuses on unlisted growth companies in Södermanland, Sweden, particularly in sectors like agtech, technology, and consumer goods. They seek businesses that demonstrate innovation and sustainability.
How can I apply or pitch to Sörmlandsfonden?
Founders can pitch their ideas through the Sörmlandsfonden website. A detailed business plan and financial projections are recommended to accompany the pitch.
What makes Sörmlandsfonden different from other investors?
Sörmlandsfonden combines venture capital with a network of approximately 40 active business angels, providing not only capital but also valuable business development support.
What is the geographic scope of Sörmlandsfonden's investments?
The fund primarily invests in companies located in Södermanland, Sweden, focusing on regional development and local entrepreneurship.
What is the typical fund size and check size?
Sörmlandsfonden has approximately 15 million SEK (around $1.4 million USD) in investable capital, with typical initial checks ranging from 1 to 5 million SEK (approximately $95,000 to $475,000 USD).
What kind of post-investment involvement does Sörmlandsfonden have?
The organization actively assists portfolio companies with business development, leveraging its network to enhance growth and investment outcomes.
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