At a glance
- Seven investments are already in the portfolio, among them Tavion, Renasens, eComID and Skye.
- With the fund at final close, new capital reaches the strategy through co-investment or a successor vehicle rather than Fund II itself.
- EIF's €35 million is about 44% of the €80 million total, alongside Saminvest, a Swedish state-owned venture capital investor, pension investor SEB Life & Pension, the SEB-Stiftelsen foundation and private investors.
Course Corrected closed its second fund at €80 million ($89 million), the Stockholm venture firm said Nov. 12. The European Investment Fund committed €35 million.
Seven investments are already in the portfolio, among them Tavion, Renasens, eComID and Skye. Tavion raised $58 million in equity and debt for Polish battery storage projects in October, as Private Wealth Daily reported. Fund II is built to hold 20 to 30 companies across energy systems, industrial optimization and automation, electrification and resource-smart solutions. It invests only in European companies.
With the fund at final close, new capital reaches the strategy through co-investment or a successor vehicle rather than Fund II itself. Allocators now have seven portfolio companies to evaluate the strategy.
EIF's €35 million is about 44% of the €80 million total, alongside Saminvest, a Swedish state-owned venture capital investor, pension investor SEB Life & Pension, the SEB-Stiftelsen foundation and private investors.
The firm said only a small fraction of European pension and insurance assets go to venture capital and that more than half of EU venture funds' investments are directed to startups outside the EU. Christine Ahlstrand, a founding partner, said: "Europe has the research, the technology, the founders and the markets. But who will own the next generation of industry if we do not finance the companies building it?"
EIF anchored 44% of Course Corrected's €80 million Fund II
Fund II final close, EIF commitment and portfolio companies, Nov. 2026
Europe has the research, the technology, the founders and the markets. But who will own the next generation of industry if we do not finance the companies building it?Christine Ahlstrand, founding partner at Course Corrected
The firm was founded in 2021 by Christine Ahlstrand, Kerstin Cooley and Katja Bergman. The EIF has backed other European vehicles this autumn, including a €30 million commitment to PureTerra's water-tech fund in October, as Private Wealth Daily reported. Fund II has 13 to 23 more companies to add to reach its stated 20 to 30.
Reported by the Transition Finance desk from ESG Today. Published . Corrections