Einride founders launch venture firm, targeting €450M European deep tech investments
Two of the co-founders of Swedish autonomous truck startup Einride have launched a venture firm, which is targeting around €450m to invest into European startups over the next three years. Called Navi...
Two co-founders of Swedish autonomous truck startup Einride, Robert Falck and Linnéa Kornehed Falck, have launched a venture firm called Navisalma. The firm aims to invest approximately €450 million in deep tech European startups over the next three years. The partners include ex-McKinsey partner Robert Westerdahl.
Navisalma plans to initially raise around €40 million within the next month, most of which has already been secured. This initial funding will cover operational costs and some seed investments. The firm intends to then raise the remaining €450 million for investment purposes, though specific investor details have not been disclosed.
In a press release, Navisalma stated its ambition to back "10 new global leaders over the next 10 years." The firm seeks to leverage Europe's strengths in engineering, design, industrial excellence, and quality to create global leaders, rather than attempting to replicate Silicon Valley. Robert Falck, CEO of Navisalma, noted that Europe has a robust capital ecosystem and its role is to complement this by adding an investment capability.
The firm is already invested in Swedish startup Abundry, which uses AI to enhance energy system performance. Westerdahl, founding partner, emphasized that Europe already has a strong capital ecosystem and the venture is to provide additional value.
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