Photo: Peter Sandberg and Frank Lyhne, founders of N2F
Nordic Secondary Fund II has acquired an additional stake in Kilo.Health, which is the largest secondary deal of the fund so far - €9M of which €4M was invested in June last year and now another €5M was added to the investment.
Kilo Health is one of the leading digital health and wellness companies globally, not only attracting talents to join its fast-growing team but also co-founding and accelerating start-ups in a rapidly growing digital health industry.
Kilo.Health has managed to maintain impressive growth since the last time Nordic Secondary Fund bought secondaries in the company. Furthermore, Kilo.Health has been named the 2nd fastest-growing company in Europe by Financial Times. Kilo.Health was also named one of the 30 most reputable companies in 2022 by The Silicon Review, and the most popular workplace in Lithuania in 2022 by MeetFrank.
About Nordic Secondary Fund (N2F)
Founded in late 2018, Nordic Secondary Fund (N2F) is the first and largest secondary-only fund in the New Nordic Region. In total, the fund has raised more than €140M, and done more than 30 transactions. From their first fund, 25% of the capital has been invested in Baltic scaleups, and from their second fund, from where they are currently investing from, more than 45% so the capital being deployed so far, has also been allocated to great Baltic founders/companies. Additional information:
Nordic Secondary Fundpeter@n2f.vcwww.n2f.vc
**Photo credit: Julia Caesar on Unsplash; N2F