Incore Invest Raises €25M in Second Fund to Accelerate High-Growth Investments Across Europe

Incore Invest has raised €25M to expanding its portfolio with the launch of Incore Invest II, a new fund designed to accelerate the growth of high-potential SaaS, embedded finance and fintech companies across Europe. Building on the success of Incore Invest, the new fund will support businesses with proven revenue models and strong growth potential, particularly in the Nordic and Northern European markets, including the UK. 

The fund has attracted notable investors including NHL star Victor Hedman, TV personality Renée Nyberg, artist Molly Sandén and handball legend Staffan Olsson, underlining Incore’s unique model of blending capital with high-profile strategic support. 

Incore Invest II will provide strategic and long-term capital to businesses that have already demonstrated strong fundamentals, but need support to scale further. The fund takes a selective approach, investing in companies with established revenue streams and allowing them to accelerate growth without the constraints of traditional venture capital. By identifying high-potential opportunities early, Incore Invest II aims to expand its portfolio while deepening its involvement in key investments, ensuring hands-on partnerships to drive operational growth. 

The launch comes as fintech, SaaS and embedded finance industries continue to evolve under regulatory shifts such as PSD2/3 and the expanding open banking framework. Europe has been a breeding ground for financial innovation, but growth-stage companies often struggle to secure investment that balances strategic involvement with long-term growth potential. By bridging this gap, Incore Invest II will be influential in helping European startups create new economic opportunities. 

“Incore Invest II is the natural evolution of our investment strategy,” said Nicolai Chamizo, CEO and Founder of Incore Invest. “We are building on a strong foundation and expanding into bigger opportunities with a selective and high-conviction approach. Traditional finance is shifting towards more innovative and scalable solutions, and we see a great opportunity to support the next wave of transformative businesses.” 

As part of its growth strategy, Incore Invest has also strengthened its team by hiring Kasper Terrvik as Investment Manager. Kasper, who previously worked in Bloomberg’s analytics department before joining SEB Corporate Finance as an M&A analyst focusing on technology and growth companies, bringing deep expertise in deal sourcing, valuation and financial modelling. 

Kasper Terrvik commented, “Incore Invest is an exciting firm with strong momentum, and the opportunity to help shape and scale a dynamic investment company is highly compelling. With our new fund, we have the mandate to pursue high-growth software businesses across multiple verticals, and I look forward to identifying and supporting the most promising companies in this space.” 

With its expanded team, broader mandate, and SEK 250M in committed capital, Incore Invest II has a strong standing to back the next generation of scalable, next-gen companies driving financial and technological transformation across Europe.