Superangel partner Marko Oolo noted that SEB's involvement as a major investor strengthens the fund’s ability to foster innovation and growth locally and throughout the New Nordic region. With SEB's contribution, Superangel is poised to invest close to €40 million over the coming years.

“The partnership between SEB and Superangel shows that major institutional investors have long-term confidence in innovation in our region, even in today’s challenging economic environment,” Oolo said, adding that the investment significantly strengthens Superangel’s ability to invest in innovative tech companies. “This will have a significant impact on the further development of technologies and business growth both domestically and on the global markets,” he noted.

Superangel focuses its investments on cutting-edge technologies that drive positive change in sectors like artificial intelligence, robotics, energy, mobility, data, and infrastructure. Its portfolio includes Estonian startup heavyweights such as Bolt, Veriff, Montonio, Pactum, and Starship Technologies, alongside international companies like Dutch EV charging provider ROCSYS, Norwegian deep tech startup OTee, and Danish sustainability platform BeCause.

SEB, one of the largest financial groups in the Nordic region, operates in 22 countries, with a focus on the Baltics and Nordic markets. Its global reach brings capital, expertise, and networks to help tech companies in the New Nordic region thrive. SEB's pension funds are managed by SEB Varahaldus, which oversees both actively managed and passive pension index funds.

SEB Varahaldus manages six actively managed and two passive pension index funds. “While pension index funds can only invest in global listed companies, actively managed funds have a broader range of options and can also participate in the growth stories of early-stage companies in their home region. Innovative startups in the New Nordic region excellently complement our portfolios of higher-risk, higher-return actively managed pension funds. The team has a long and successful track record of investing in and supporting the development of technology companies. This is perfectly in line with SEB’s aim to promote sustainable innovation in the Baltic and Nordic countries. By joining forces, we will support the next wave of technological breakthroughs and contribute to the long-term development of our region’s ecosystem,” said Endriko Võrklaev, Fund Manager at SEB Varahaldus.

Superangel's second fund, which has raised nearly €40 million, remains open to investors until the end of October.