Vendep Capital

Vendep Capital is a prominent Finnish venture capital firm based in Espoo, specializing exclusively in Software-as-a-Service (SaaS) startups across the Nordic and Baltic regions. Established with a clear mandate, the firm focuses on early-stage companies, typically investing at the Seed and Series A stages. Their geographic and sector-specific focus allows them to build deep expertise and networks within the B2B SaaS ecosystem, providing targeted support to their portfolio companies. This strategic specialization underpins their approach to identifying and nurturing high-potential ventures in a rapidly growing market segment.

The firm's investment strategy is characterized by a hands-on approach, aiming to be a long-term partner for founders. Vendep Capital typically provides an initial cheque ranging from €200,000 to €2 million, demonstrating their commitment to supporting startups from their formative stages. Beyond the initial capital injection, Vendep is prepared to follow on with significant additional funding, potentially investing up to €5 million in total throughout a company's lifecycle. This capacity for follow-on investments ensures that their portfolio companies have access to the necessary capital for sustained growth and expansion.

Vendep Capital has demonstrated significant growth in its own right, reflecting the success of its investment thesis. In 2019, the firm closed its second fund, Vendep Capital Fund II, at €40 million. Building on this momentum, they successfully raised Vendep Capital Fund III in 2022, securing €70 million to continue their investment activities. These fund sizes underscore Vendep's increasing influence and capacity to back promising B2B SaaS companies in the Nordics and Baltics, solidifying their position as a key player in the regional venture capital landscape. Their portfolio includes notable successes like Supermetrics and Leadfeeder, showcasing their ability to identify and scale market-leading SaaS solutions.