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Innovestor closes first round of new fund to focus on industrial technology startups in the Nordic and Baltic regions

Helsinki-based Innovestor wraps up €30M first close of new fund to become the first VC in the Nordics and Baltics to focus on Industry 4.0.

Series A round lead investors NordicNinja and Industrifonden to support Combinostics as they scale to US and Asia.

The system – used by customers including Wembley Stadium – is the first to transmit critical soil data wirelessly from underground in real-time.