Fund profile / Sweden

Incore Invest II

Geography: Sweden
Stage: Series A
Fund size: $25M
Focus: FinTech and SaaS
Signals: Published

N°01 / About

About Incore Invest II

Incore Invest II is a venture capital firm based in Sweden, focusing on Series A stage investments. The fund actively supports founders building innovative solutions in Fintech, SaaS, providing strategic guidance and capital to help startups scale.

N°02 / Thesis

Investment Focus

Location / RegionSweden

Funding StageSeries A

Industry Focus

FinTech

SaaS

Investor Signals Profile

active

Sweet Spot

Nordic SMB software founder, strong traction, daily-use product

high-growth software

SMB fintech

expense management

Nordic expansion

embedded fintech

Bullish Signals

Team growing, new analyst hiredexternal

Active LinkedIn presence, 1,264+ followerslinkedin

Recently onboarded Michelle Rafie (~5mo ago)linkedin

Michelle confirmed sourcing & evaluation rolelinkedin

Public team expansion signals growth confidencelinkedin

SEK 61M follow-on investment in Mynt portfoliolinkedin

20k+ Nordic customers, Mynt scaling rapidlylinkedin

Nordea-Mynt partnership 2025, strategic validationlinkedin

Portfolio company embedded in fintech ecosystemslinkedin

Nicolai quoted on real SMB pain pointslinkedin

Contrarian Signals

No contrarian signals recorded.

Founder Do's

Show unit economics & growth metrics

Demonstrate software scaling potential

Highlight market traction early

Solve persistent, everyday business pain

Build embedded product partnerships

Founder Don'ts

Avoid unproven business model claims

Don't pitch commodity software

Skip PE-style financial deep-dives unprepared

20 signals on Incore Invest II

10 bullish · 5 pitch do's · 3 don'ts · 2 GP profiles, each with its source. From €9/month, cancel anytime.

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Facts

Fund Overview

Fund Size$25M

Saves0

Website

People

Key People

Nicolai Chamizo, Kasper Terrvik

Michelle RafieInvestment Analyst

Nicolai ChamizoFounder & CEO

N°04 / See also

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