Dreamcraft Ventures closes Fund II with 66 million euros

With its second fund, Dreamcraft Ventures aims to support 30 early-stage startups, focusing on operational support and strategic collaboration

Copenhagen, June 3, 2024 - Dreamcraft Ventures, a VC from the Nordics, has successfully closed its second fund with 66 million euros. The company plans to use this capital to invest more heavily in startups in Germany and Europe.

Investment focus on B2B SaaS, digital entertainment and fintech

Dreamcraft Ventures' Fund II will invest in a total of 30 early-stage companies. The focus is on B2B SaaS (business-to-business software-as-a-service), digital entertainment and fintech. Some of the previous investments in these areas include Playable (B2B SaaS), Hiber and Gamerzclass (digital entertainment) and Banking Circle (fintech).

Strengthening the German ecosystem

A particular focus of the new fund is on the German start-up ecosystem. Carsten Salling, General Partner at Dreamcraft Ventures, emphasizes the attractiveness of the German market.

The German ecosystem is currently the most interesting for us in Europe. We have been investing in Germany for two years and are impressed by the quality and ambition of the founders

Carsten Salling, General Partner at Dreamcraft Ventures

Dreamcraft Ventures relies on a so-called "venture engineering approach". The portfolio companies are offered operational support through to Series A financing. This support includes systematic playbooks that provide answers to key operational challenges. Nico Blier-Silvestri, Head of People & Culture at Dreamcraft Ventures, leads the People and Culture support.

The new fund is backed by renowned institutional investors from the Nordic countries. These include Chr. Augustinus Fabrikker as well as selected family offices and renowned entrepreneurs.

Daniel Mariussen, Managing Partner at Dreamcraft Ventures and himself a former founder, explains: "We are convinced that early-stage investments are a real craft. We focus on structured and reliable cooperation in order to strategically support start-ups through to Series A. We provide support with the detailed work and provide the founding teams with the crucial resources they need to scale successfully in the pre-seed and seed phase."

Investments already made and planned

With the second fund, Dreamcraft Ventures has already invested in 14 start-ups across Europe. These include:

• Hakio (Denmark): AI-supported forecasting platform for the fashion industry
• Inceptron (Sweden): Machine learning for efficient computer infrastructure
• Neoke (Netherlands): TravelTech that puts travelers in control of their data
• RigDev (Denmark): Open source application platform for Kubernetes
• Tilta (Germany): Credit infrastructure for B2B e-commerce transactions
• We are learning (Norway): SaaS platform for immersive learning content

A total of 16 further investments are planned in the areas of B2B SaaS, digital entertainment and fintech. Dreamcraft Ventures is thus continuing its successful course and at the same time strengthening the European and especially the German start-up ecosystem.