Fund profile / Luxembourg

Nordic Capital Evolution II

Geography: Luxembourg
Stage: Pre-Seed
Fund size: €2B
Focus: Deep Tech, FinTech and SaaS
Signals: Published

N°01 / About

About Nordic Capital Evolution II

Nordic Capital Evolution II is a venture capital firm based in Luxembourg, focusing on Pre-Seed stage investments. The fund actively supports founders building innovative solutions in Fintech, Deep Tech, SaaS, providing strategic guidance and capital to help startups scale.

N°02 / Thesis

Investment Focus

Location / RegionLuxembourg

Funding StagePre-Seed

Industry Focus

Deep Tech

FinTech

SaaS

Investor Signals Profile

active

Sweet Spot

Nordic healthcare founders with ops-ready, scalable models

healthcare

pharma

value creation

scalability

Nordic

rare disease

gene therapy

HSV gene therapy

skin disease

operational excellence

medical devices

platform consolidation

Bullish Signals

Active healthcare/pharma investment focusexternal

Gene therapy platform acquisition signals appetitewebsite

Rare skin disease pipeline expanding via M&Awebsite

HSV high-payload gene therapy acquiredwebsite

Replay platform bolsters genetic skin pipelinewebsite

Dedicated in-house ops advisory teamwebsite

BWXT medical business acquisition signals scale appetiteexternal

Exiting non-core holdings, focused capital redeploymentexternal

Divested Intrum AB—disciplined portfolio optimizationexternal

Contrarian Signals

Demanding environment, harder deal barexternal

Niche rare disease focus limits deal volumewebsite

Founder Do's

Show clear value creation roadmap

Highlight regulatory strategy early

Demonstrate scalability in healthcare

Target rare/genetic disease niches

Show platform acquisition potential

Lead with HSV/gene delivery platform angle

Engage ops advisory team early

Position for strategic add-on acquisitions

Founder Don'ts

Avoid vague scientific claims

Don't underestimate regulatory complexity

Skip sectors outside healthcare/pharma

23 signals on Nordic Capital Evolution II

9 bullish · 2 contrarian · 8 pitch do's · 3 don'ts · 1 GP profile, each with its source. From €9/month, cancel anytime.

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Facts

Fund Overview

Fund Size€2B

Saves0

Website

People

Key People

Joakim Lundvall

Nordic Capital TeamFund

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