SEB has formed a venture capital vehicle, Fairpoint Capital, to invest in B2B-focused startups out of a $97m fund with ex-SEB Venture Capital president Frederick Johansson as its head.
Sweden-based financial services firm SEB has formed a SEK900m ($97m) external venture capital fund called Fairpoint Capital to invest in developers of digital industrial technologies in the business-to-business (B2B) space.
The firm already has a corporate venturing arm, SEB Venture Capital, which focuses on information technology, life sciences and financial technology developers. Its portfolio includes financial data platform Tink and enterprise software developer Apica Systems.
SEB is providing SEK500m for the fund while the rest will be supplied by unnamed…
