Copenhagen’s PSV Tech just closed Fund II at €56M, targeting Nordic startups in AI, software, and digital infrastructure before they hit product-market fit. The fund backs adaptable founding teams, betting on their ability to pivot and scale in the region’s most competitive sectors. This is capital designed for builders who are still shaping their product, not just polishing it for market launch. EARLY CAPITAL, LATE STAGES The move signals a shift: Nordic founders no longer need to wait for traction to secure meaningful checks. PSV Tech’s thesis is that the right team, with the right problem, can out-execute even with an unproven product. For builders, this means more runway to iterate without the pressure of premature scale. WHY IT MATTERS Stockholm alone now has the highest unicorn density outside Silicon Valley, and AI startups are leading the charge. Funds like PSV Tech’s are the fuel that keeps this engine running, especially for teams building in sovereign AI infrastructure or enterprise software. This week, map your pre-PMF pitch to funds that bet on teams over traction. PSV Tech is open for business.

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22 OctFounders & productreaches nearby