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Back in the intoxicating years of 2021,Heartcore Capitalplanned to centre on consumer technology with a$200 millionfund . tight - forward to 2024 , and its modish investment trust will now “ leaven the bread ” of that thesis , with a fresh $ 180 million ( € 170 million ) to go across-the-board and more generalist than that earlier dissertation .
Some 17 years into the game , Heartcore ’s Fund V will continue to be an early - stage monetary fund and now consider companies like Boozt , Neo4j , Peakon , Tink , GetYourGuide , TravelPerk , and Podimo in its portfolio .
aim to be the first institutional money into startups , it is also ranked the9th best VC globallyin the HEC Paris - Dow Jones VC ranking .
Jimmy Nielsen , collaborator and co - founder , separate TechCrunch over a call : “ Basically , this fund is broad [ than the last investment firm ] . … We did a lot of consumer at the tail end of fund three and the beginning of investment company four . The pendulum get around to the motion of ‘ Where does technology really pick up ? ’ So this fund is more generalistic in focal point , more focused on productivity , package , infrastructure . ”
That includes more of a focus on the compute stack , synthetic biology , productiveness / AI , software infrastructure , travel , and clime tech . They plan to make 25 to 30 early - stage investment funds with Fund V and have so far put money into LLM compute base , database software , package for carbon capture , and consumer travel .
LPs in the investment firm let in repetition investor Industriens Pension . It also has a smaller , dedicated , web3 fund .
“ We had pretty much all existing LPS re - up , ” say Nielsen . “ We have had a really nice run in the last years on DPI . So in the last eight years , on fair , every sentence we disembowel one euro , we have returned 1.6 and if you amass that , that stacks up in terms of fund return . ”
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He also thinks the EU securities industry will “ warm up up ” next year : “ We ’re seeing more M&A now and there ’s something happen , for indisputable , with IPOs next year . The real enquiry is , what are we Europeans doing on the IPO side , right ? Are we all going to drive towards the U.S. or not ? ”
The house now has € 800 million accumulative attached upper-case letter with government agency in Copenhagen , Stockholm , Berlin , and Paris .
Emil Eifrem , chief operating officer and co - founder of Neo4j , added in a assertion : “ Heartcore was the first fund to believe in us 15 years ago and have stay on our board through all financing rounds , all the way to a multi - billion - dollar caller . ”
