Nordic Secondary Fund
Sankt Annæ Plads 13, 3. th, København K, Hovedstaden, 1250, Denmark
Overview
Nordic Secondary Fund was established in 2019 with the purpose of buying secondaries in companies, which are characterized by: - Have completed a Series-A capital raising from venture capital or corporate venture - Proven scalable business models: Documented market for the companies’ products or services The investment focus is exclusively on Nordic and Baltic companies.
- Total investments
- 2
- Lead investments
- 2
- Investments · 12mo
- 0
- Active investors
- 3
Sector focus
- Finance
- Financial Services
- FinTech
Investment portfolio
- Cleveron
Led · Equity · Sep 2023
Cleveron develops integrated software and hardware solutions for robotic parcel terminals and automated pick-up points. Founded in 2007 by Arno Kütt, Peep Kuld, and Indrek Oolup, the company is based in Estonia. Its customers include major retailers such as Walmart, Zara, Decathlon and Asda. Cleveron’s product portfolio includes the Cleveron 501: a self-service, temperature-controlled automated pick-up terminal designed to preserve goods while awaiting retrieval. The company has expanded into pick-up points for shopping and grocery stores. Financially, Cleveron was acquired earlier this year by Parcelsea (which itself was bought by Omniva) and has recently secured new outside capital.
- Prosper Pay
Led · Equity · Sep 2023
Cleveron Robots is an Estonia-based company that builds robotics-based parcel terminals and click-and-collect pick-up solutions. Its customers include major retailers and logistics firms such as Zara, H&M, UPS and DHL. The company supplies automated systems for retail pickup and parcel distribution. Financially, a Danish Nordic secondary fund (NSF) acquired a $3.7M (€3.5M) stake in Cleveron Robots. The article characterizes NSF as a fund that invests in Nordic and Baltic companies that have completed Series A. No operating metrics (revenue or user counts) or additional financing details were disclosed in the article.