European investment firm Incore Invest has secured €25 million for its new fund, Incore Invest II, aimed at accelerating the growth of promising SaaS, embedded finance, and fintech companies across the continent. The fund will focus on businesses with proven revenue models and strong scaling potential, particularly in Nordic and Northern European markets, including the UK.
The fund has attracted backing from high-profile investors, including NHL star Victor Hedman, TV personality Renée Nyberg, artist Molly Sandén, and handball legend Staffan Olsson. Incore Invest II will provide long-term capital to companies that have already demonstrated solid fundamentals but need strategic support to expand further. The firm emphasizes a selective investment approach, partnering closely with portfolio companies to drive operational growth.
The launch comes at a pivotal time for fintech and embedded finance, with evolving regulations such as PSD2/3 and open banking reshaping the industry. Nicolai Chamizo, former ice hockey star and founder/CEO of Incore Invest, commented: “Traditional finance is shifting towards more innovative and scalable solutions, and we see a great opportunity to support the next wave of transformative businesses.”
To strengthen its investment strategy, Incore has brought on Kasper Terrvik as Investment Manager. Terrvik, formerly of Bloomberg’s analytics team and SEB Corporate Finance, brings expertise in deal sourcing, valuation, and financial modeling for tech and growth-stage companies. “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,” he said.
Incore Invest’s current portfolio includes fast-growing fintechs such as Brite Payments, Mynt, Savr, and Kameo, reinforcing its focus on scalable financial innovation.