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Course Corrected (CC.VC), the Stockholm-based venture capital firm, reached the final close of Fund II at €80 million, with the European Investment Fund committing €35 million, bringing pension and public capital into early-stage European companies. SEB Life & Pension, SEB-Stiftelsen, Saminvest, a Swedish foundation and private investors also backed the fund.
Fund II will invest in 20 to 30 European companies across energy systems, industrial optimization and automation, electrification and resource-smart solutions. Seven investments have been made so far, including Tavion, Renasens, eComID and Skye. Initial investments range from €0.5 million to €2.5 million, from pre-seed to Series A.
The close comes as Europe holds around $15 trillion in pension and insurance assets, yet only $15.5 billion went to venture capital between 2016 and 2025, according to Dealroom.
