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€56M for pre-PMF Nordic startups

Early capital is moving faster in the Nordics. PSV Tech closed Fund II at €56M to back Nordic startups in AI, software and digital infrastructure before product-market fit, doubling down on adaptable founding teams. Seed Capital’s €130M Fund V, announced last month, covers Seed to Series A across the same region. Copenhagen’s Aisel Health raised €1.7M pre-Seed in August for its AI psychiatry OS, led by Caesar Ventures. The signal is clear: capital is flowing to pre-PMF teams with technical depth and problem-specific focus. For builders, this means the window to secure early-stage funding is open, but only for those who can demonstrate traction in high-stakes verticals. This week, audit your go-to-market metrics for early traction signals and align your pitch with the Nordic investor thesis: technical rigor, adaptability, and a clear path to solving real problems.

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