Heartcore Capital closes $180M fund to pivot toward infrastructure, synthetic biology, climate | TechCrunch
Briefly

Heartcore Capital is adapting its investment strategy with Fund V, shifting from a consumer technology focus to a broader, more generalist approach that targets various sectors, including productivity, software, infrastructure, and climate tech.
Jimmy Nielsen emphasized the shift in strategy, stating, 'This fund is broader... We did a lot of consumer at the tail end of fund three and the beginning of fund four,' indicating a pivot towards a wider range of technology investments.
The firm plans to make 25 to 30 early-stage investments and aims to be the first institutional money into startups, reflecting its commitment to innovation across multiple domains.
Heartcore Capital has seen impressive returns, averaging 1.6 euros returned for every euro drawn over the past eight years, indicating strong performance and confidence from existing LPs.
Read at TechCrunch
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