Incore Invest is a Stockholm-based investment firm focused on backing high-growth European technology companies. The firm positions itself as a hands-on partner to founders, supporting businesses that have moved beyond early experimentation and are ready to scale across markets. Incore Invest operates with a clear growth mindset, combining operational support with disciplined capital deployment.
Incore Invest concentrates on proven technology companies across Europe, with a strong emphasis on SaaS and fintech.
Within fintech, the firm has built particular expertise in embedded finance and platforms designed for international expansion.
The focus is on businesses with established products, early traction, and the potential to become category leaders in their respective markets.
Incore Invest has completed a second closing of its second fund, Incore Invest II, bringing total committed capital to approximately €40 million. The fund added around €15 million in new commitments during the second close, with participation from both new and existing limited partners. Incore Invest II is designed to capitalize on renewed momentum in European technology markets, particularly as macroeconomic conditions stabilize and growth capital becomes more available.
The fund is actively deploying into scalable software and fintech companies and has already invested in Froda, an embedded finance platform operating across the Nordic region.
With the expanded capital base, Incore Invest II is positioned to deepen its involvement with portfolio companies while selectively broadening the fund’s exposure across Europe’s most promising technology sectors.
Leadership
Incore Invest was founded and is led by Nicolai Chamizo, CEO and Founder. Chamizo oversees the firm’s investment strategy and portfolio development, working closely with founders and limited partners to build long-term value.
Investment Strategy
The firm follows a growth-oriented strategy focused on backing companies with validated business models and strong expansion potential. Incore Invest takes an active partnership approach, supporting founders on scaling strategy, international growth, and capital markets positioning. The firm works closely with founders, dealmakers, and investment banks to help portfolio companies accelerate growth and prepare for future liquidity events.
Notable Investments
Notable investments include Froda, a Nordic embedded finance platform, alongside a broader portfolio of European technology companies operating in SaaS and fintech.
Notable Exits
Specific exits have not been publicly disclosed to date.
Other
Founders should know that Incore Invest typically engages once a company has demonstrated product-market fit and is ready to scale.
The firm is well suited for European SaaS and fintech founders looking for a growth partner with strong Nordic roots and an international outlook, particularly in embedded finance and cross-border expansion.
Sweden
