Copenhagen’s PSV Tech just closed Fund II at €56M, doubling down on Nordic startups before they hit product-market fit. The fund targets AI, software, and digital infrastructure, backing adaptable founding teams over polished products. This is capital for builders still shaping their wedge, not scaling it yet. WHY IT MATTERS Nordic founders often face a gap between pre-seed and Series A, especially in deep tech. PSV Tech’s thesis aligns with the region’s strength: technical rigor paired with problem-solving focus. BCG’s March report shows only 4% of Nordic companies see meaningful AI ROI, yet execs rank it a top priority. Early capital that tolerates iteration could bridge that gap. TAKEAWAY If you’re pre-PMF in AI or software, reach out to PSV Tech this week. Their Fund II is live, and they’re actively sourcing across the Nordics.

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