# PSV Tech closes €56 million fund for early-stage Nordic startups

_Published Thursday, October 8, 2026 at 11:20 AM EDT · Capital, Products · Latest · Tier 2 — Notable_

![PSV Tech closes €56 million fund for early-stage Nordic startups — Primary](https://www.eu-startups.com/wp-content/uploads/2025/05/PSV-Tech.png)

Copenhagen-based PSV announced the final close of PSV Tech Fund II at €56 million to invest in early-stage technology startups across the Nordics, often as their first investor. Chr. Augustinus Fabrikker and Nordea-fonden joined as new investors alongside existing backers including ATP, EIFO and IDA.

The fund has already made 19 investments since its first close, including 11 in 2026 across Denmark, Sweden and Norway that have yet to be announced. PSV Tech backs founders before product-market fit. The final total is below the €70 million target announced when Fund II launched in May 2025.

## Sources

- [EU-Startups](https://www.eu-startups.com/2026/10/building-on-fund-is-success-psv-tech-announces-close-of-fund-ii-at-e56-million-with-19-investments-already-made/)

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Canonical: https://techandbusiness.org/newswire/tlkmWx5JSz2eiVksHHqnkV
Published: 2026-10-08T15:20:10.780Z
Story chronology: 2026-10-08T09:31:08.000Z
Retrieved: 2026-10-08T17:33:38.430Z
Publisher: Tech & Business (techandbusiness.org)