European venture capital fund

North Karelia Growth Fund II

North Karelia Growth Fund II is a Berlin-based venture capital fund managed by Redstone. Target of €10m, not capital already raised (source published August 2026).

Pre-seed, seed and early-stage in semiconductors, photonics, defence and dual-use, energy transition in North Karelia.

Status
First Close
Target
€10m

Fundraising target, not capital already raised.

Manager
Redstone
Headquarters
Berlin, Finland
Stages
Pre-Seed, Seed
Sectors
Deep Tech, Defence & Security, Climate & Energy
Investment geography
Finland (North Karelia)
Source published
August 2026

Amounts come from the linked public source. A first close is not the final fund size, and a reported close does not confirm that the fund is investing now. Headquarters describe where the manager is based, not where it invests.