The Swedish impact investor Trill Impact has closed its inaugural Ventures Fund after receiving commitments of more than EUR 90m, the company writes in a press release.
The fund focuses primarily on life science and green technology investments, with a particular emphasis on addressing underserved patient groups and backing innovative green tech solutions. It is backed by a range of institutional investors with Nordea and the Swedish government’s venture capital firm Saminvest as the main investors.
Trill Impact was established by EQT founder Jan Ståhlberg in 2019. The impact-focused private equity investor has EUR 1.3bn in assets under management across its three strategies: Impact Private Equity, Impact Ventures, and Microfinance.
Given the higher interest rate environment, the fund has been closed despite a difficult market, the firm’s Partner & Head of Investor Relations Johanna Levander said in a comment:
”The fundraising environment for Venture Capital has been undeniably challenging lately, with a cautious sentiment and lower risk appetite across markets. We are therefore extra proud to have completed this fundraise while at the same time building a portfolio of what we see as very promising scale-ups.”
Commenting on the closing, Jan Ståhlberg said:
“We are excited to see investors joining forces with Trill Impact to tackle today’s societal and environmental challenges. We believe that the Venture Capital space is particularly interesting from an investment perspective in this current macro environment.”
