Solo VC and Lovable investor Neil Murray raises third Nordic-focused fund

Neil Murray, founder and solo general partner of Copenhagen-based The Nordic Web Ventures, has closed a $6 million third fund focused on early-stage investments in the Nordic region, targeting robotics, AI-native, and deep tech startups. This Fund III follows two earlier funds that served as “test vehicles” to prove Murray’s ability to identify top talent; over seven years, he has invested in more than 50 companies, including unicorn Lovable and remote worker insurance firm SafetyWing, with successful exits like UI design company Uizard. Despite attracting over $20 million in interest, Murray deliberately capped the fund at $6 million to prioritize alignment and performance incentives over assets under management, aiming to invest around $200,000 in 30 to 35 companies. The Nordic startup ecosystem, encompassing Denmark, Sweden, and Norway, is currently valued at over $500 billion and has attracted more than $8 billion in venture funding in 2024, marking it as one of Europe’s hottest emerging markets. Murray attributes