Scope closes second fund with more than €100M to invest in Nordic companies

The Nordic investment group, Scope has closed a Euros 100 million second fund, attracting many of the same investors who were involved in the first fund, set up in 2001.

Among the portfolio companies from the first fund are MySQL, Sicon Semiconductor, Kontanten, Avail Intelligence and Minomin
 
Scope's investor base consists primarily of Swedish institutions, among them Skandia Liv, SEB's Pension fund and Praktikerinvest, all of whom have committed capital to both the first and the second funds. Nearly all of Scope's investors from the first fund have increased their commitment in the second fund.
 
Investors joining the second fund include two Swedish pension funds, the Sixth AP Fund and the Fourth AP fund, and the European Investment Fund.
 
“We are proud that so many of our investors from the first fund have decided to invest with us again and we are very pleased with our new investor base. We look forward to continuing our efforts to actively help Nordic companies grow internationally,” said Mikael Kamras, senior partner and one of Scope's four founders.
 
The new fund will make investments of between Euros 2 - 10 million.