Danish pensions back Via Venture Partners

The firm has raised DKr 1 billion from local pension giants ATP and PFA for a new fund.

Via Venture Partners has raised a new DKr1 billion (€134 million; $150 million) fund to invest in the Nordic region, according to a statement from the firm.

Via Venture Partners Fund III was raised entirely from two investors, Danish pension powerhouses ATP and PFA. Each pension fund committed DKr 499 million, and employees from Via Venture Partners, which is based in Copenhagen, have committed DKr 2 million, the firm said.

The two previous Via Venture Partners funds, each DKr 1 billion in size, were backed solely by ATP.

“We are very proud that PFA together with ATP has chosen to invest in our Fond III,” John Helmsoe-Zinck, managing partner of Via Venture Partners, said. “It is an outstanding foundation for us to have two of the most well-reputed Danish investors behind us. Our own profile as well as the profile of our investors will combined be a very interesting partner for all successful businesses.”

Via Ventures invests in businesses within the technology and services sectors, investing alone in businesses with revenues of up to €100 million, or alongside ATP on larger transactions, according to its website.

Investments alongside ATP include a DKr500 million investment in energy asset company Neas Energy; an investment in payments solutions provider Nets with Advent International and Bain Capital; and an investment in software and IT services provider KMD, which it owned alongside ATP and EQT and then sold to Advent International in 2012.

Investments in growth businesses include communication company Procom, IT company UVData, and environmental engineering company EnviDan.