Nordics and Baltics boast one of the highest concentrations of unicorn startups, and several deeptech firms are set to follow the first unicorns, which have been digital software companies, said partner Juho Risku from investment firm Butterfly Ventures.
"Those digital companies were made 10 years ago, 15 years ago, or even longer. I think there are quite a few in the making at this very moment," said Risku.
The 2012-founded Butterfly Ventures unveiled in the summer of 2022 a new 100 million euro seed entry capital fund, which focuses on science-based deep tech and hardware startups in the Nordics and Baltics, focusing on megatrends like climate change and the aging population.
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